He's done it! Congrat's to all who put him where he is!
U.S. Debt Balloons to $7 Trillion More Than It Was When Obama Took Office!
The United States government's accumulated debts have grown by more than $7 trillion – with a 't' – since Barack Obama became president on January 20, 2009.
The sad milestone was revealed on July 31 by the U.S. Department of the Treasury on a 'debt to the penny' website that calculates the debt at the end of every business day.
On Obama's first day in office the debt stood at $10.626 trillion. Last Thursday it reached $17.687 trillion.
[SIZE=1.2em]During a July 2008 campaign speech in North Dakota, then-Senator Obama ripped into the Bush administration for running up the federal debt by a total of $4 billion near the end of his second term.[/SIZE]
'The problem is,' he said, 'is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back – $30,000 for every man, woman and child.'
'That’s irresponsible,' Obama said then. 'It’s unpatriotic.'
http://www.dailymail.co.uk/news/article-2715986/U-S-debt-balloons-7-TRILLION-Obama-took-office.html
U.S. Debt Balloons to $7 Trillion More Than It Was When Obama Took Office!
The United States government's accumulated debts have grown by more than $7 trillion – with a 't' – since Barack Obama became president on January 20, 2009.
The sad milestone was revealed on July 31 by the U.S. Department of the Treasury on a 'debt to the penny' website that calculates the debt at the end of every business day.
On Obama's first day in office the debt stood at $10.626 trillion. Last Thursday it reached $17.687 trillion.
[SIZE=1.2em]During a July 2008 campaign speech in North Dakota, then-Senator Obama ripped into the Bush administration for running up the federal debt by a total of $4 billion near the end of his second term.[/SIZE]
'The problem is,' he said, 'is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back – $30,000 for every man, woman and child.'
'That’s irresponsible,' Obama said then. 'It’s unpatriotic.'
http://www.dailymail.co.uk/news/article-2715986/U-S-debt-balloons-7-TRILLION-Obama-took-office.html
