Obama does in 1 year what took Bush 8 years to accomplish!
Posted by: The BoBo // Category: A Nation at Risk, America, Obama, P-BO, governmentWhen Bush entered office in 2001 – the national “on-the-books” public debt was $5.7 Trillion (don’t buy in to that bogus lie that Clinton left a surplus – we were still in debt). When he left in 2009 – the national “on-the-books” public debt was $10.0 Trillion. The Bush administration pumped up spending and the national debt by $4.3 Trillion!!
So – Obama comes in with a $10.0 Trillion national debt – as of today – those figures stand at:
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit Jan. 22 12,245,872 Statutory debt limit 12,394,000 Total public debt outstanding Jan. 22 12,302,465 Operating balance Jan. 22 142,454 Interest fiscal year 2009 383,365 Interest fiscal year 2008 451,154 Deficit fiscal year 2009 1,417,121 Deficit fiscal year 2008 454,798 Receipts fiscal year 2009 2,104,613 Receipts fiscal year 2008 2,523,642 Outlays fiscal year 2009 3,521,734 Outlays fiscal year 2008 2,978,440 Gold assets in September 11,041
Yup – $12.3 Trillion – AND – They are raising the debt ceiling by another $1.9 Trillion – that money is already spent – that’s why they need to raise the ceiling. Obama – in one year – has increased the national debt by $4.2 Trillion!! It took Bush – 8 freakin’ years to spend this economy in to dangerous territory. Obama has taken only 1 year to spend the same amount that will no doubt bankrupt America.
Take a close look at those numbers up there. Total Revenue in 2009 is $2.1 Trillion. The national debt (as reported up there) is 6x our total revenues – and will be 7x our total revenue once they raise the ceiling. This is totally unsustainable. The fact of the matter is – our REAL national debt is (as of May 2009) is $70 Trillion. That is 35x our total revenues. No telling at this point how high that number actually is today. It hasn’t been published anywhere yet.
Whether you are on the left, right, or middle of the political spectrum – you have to wake up and realize this is unsustainable and our country is headed for a real nightmare. There are more foreign countries who own American land and public debt than there are American owners now. Our crooked politicians have mortgaged our country to foreigners – and – no doubt – they will be sending in the collectors soon.
I know you guys on the left love this country and the freedoms it affords you – but – you must beg your government to stop spending now and shut off the spigot. They need to reduce the size of government immediately and start shutting down entire departments and wasteful entitlement programs that are already unconstitutional. If Obama can do this in just one year – what do you think he can accomplish with 3 more years? A total destruction of this country and our economy.
I’m calling on all Americans to come out November and vote out all of the incumbents and let’s begin the reset of our government. Then – let’s do it again in 2012 and finally rid our government of all those corrupt power-hungry politicians that care only for themselves. We need a total reset of our government with new, fresh blood, consisting of representatives who will do the right thing, listen to we the people, and take very practical and pragmatic steps to reduce the size of government and stop the idiotic spending we have going on now. We are in a world of hurt if we the people don’t take action now and take our country back.






























