Obama Sets Record: $4,247,000,000,000 Debt in Just 945 Days

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obama-ice-creamSwallow all liquids in your mouth before reading any further. Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.

When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.

That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.

Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn’t been closed.

Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.

Same sum for the day Obama flew Air Force One nearly four hours roundtrip to Columbus, Ohio for a 10-minute speech about how well the stimulus was working in the politically crucial Buckeye state. Ohio’s unemployment rate just jumped to 9% from 8.8% anyway.

Or last week’s three-day Midwestern tour in the president’s new $1.1 million Death Star bus? National debt went up $16,988,000,000 while he rode around speaking and buying ice cream cones.

Numbers with that many digits are hard to grasp, even for a Harvard head. So, let’s put it another way:

One billion seconds ago Bill Clinton was nearing the end of his two terms and George W. Bush’s baseball collection was still on the shelves in the Austin governor’s office.

The nation’s debt increased $4.9 trillion under President Bush too, btw. But it took him 2,648 days to do it. Obama will surpass that sum during this term.

Obama is saying yes, we can get control of the national debt. But ominously every time he says that he adds that trillions of dollars in infrastructure repairs are badly needed across the country. And with interest rates so low, according to the thinking on Obama’s planet, now is an excellent time to borrow even more money.

So, it looks like not too long before Americans learn what comes after 1,000 trillions.

It’s quadrillion. But for Bernanke’s sake, please don’t tell anyone in Washington.

{LA Times/Matzav.com Newscenter}


11 COMMENTS

  1. Perhaps from seeing how much we need every penny, maybe we can see how much every second counts & how precious life is. Hashem doesn’t just say this person will live to 98 this one to 108 & this one to 110, every day, hour & minute is a gift from Hashem, U’vacharta B’chaim-you should choose life-lets learn this now

    This is the only lesson that takes us a life time to learn (we never learn it ) & it gets revealed to us so many times each year. HOW LIFE GOES BY IN AN INSTANT. One second, i just made ????? from ??? & we are already up to lighting the friday candles, something is wrong here something has to be wrong 6 days just flew by .this is how every year goes by we go from ????? & Before you know it its time to order ????? ???? for ????? Then its exactly 30 days to ??? we then count exactly 7 weeks until ?????? then its exactly 4 weeks until ???? ??? ????? then comes the 3 weeks & then 3 weeks of summer & Before you know it its time to blow the ???? already YES A YEAR JUST FLEW BY & IS GONE FOREVER.

  2. While the number is HUGE, the information is a little slanted. You have to look at the percent of increase to make things clear. ( I am unhappy with both parties )

    Reagan term 1 – 49% increase (that means he doubled it
    Reagan term 2 – 40.2% increase (almost doubled again
    Bush the 1st – 32.7% increase
    Clinton term 1 – 13.2 increase
    Clinton term 2 – -0.2%increase (a negative increase is the same as a decrease in plain language.)
    Bush II 1st term – 22.8% increase
    Bush II 2nd term – 18.7 % increase
    Obama – 12.5 % increase (pretty small increase, but he’s working on it)

    The average increase in Federal spending is also interesting. (for the period 1978 – 2005 the period I have data for )

    Dem average Federal spending increase – 9.9%
    Rep average Federal spending increase – 12.1%

    Dem average Federal Debt increase – 4.2%
    Rep average Federal Debt increase – 36.4%

    I think the number speak for themselves, I have learned to be critical of both parties.

  3. why is this president being cause amonster Dr.G is it because President O’Bamo is a man of color? and is different from all of the others He cannot undo what other preidents have allready set up years ago He is trying to work out things to that will help me and you. mistake are always made in things that we all do including you J. W. Dailey

  4. we need to come together to help to support our leaders, Pesident O’Bama has a heavy burden onhis shoulders that He carries every day and night trying to figure out the best way to go that will benifit all people, the people need to start really praying for Him to make the right decision and all others wehave the rights of making, decision for this Country if we as apeople do not put prayerin this equation like our foe fathers did, we all will be destroyed in this mix, people we need to come tog ehter to make peace toward one another.

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