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Obamaites, what do you think?
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<blockquote data-quote="hubrat" data-source="post: 817303" data-attributes="member: 869"><p>"March 16, 2011</p><p>The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office.</p><p>The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion.</p><p>President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days."</p><p></p><p></p><p><a href="http://www.cbsnews.com/news/national-debt-soars-500b-in-under-a-month/" target="_blank">http://www.cbsnews.com/news/national-debt-soars-500b-in-under-a-month/</a></p><p></p><p>"November 1, 2008</p><p>Never before in U.S. history has the national debt increased as much and as rapidly as it has over the past month.</p><p>Since September 30, the day the national debt hit the $10-trillion mark for the first time, the government has run up over $500 billion in new debt.</p><p>That’s more than the federal deficit for the entire 2008 fiscal year, which ended September 30. And it’s the most rapid increase in the national debt ever: over <span style="color: red">half a trillion dollars in less than a month - 23 days to be exact. </span>The government’s latest calculation of the national debt stands at $10,530,893,033,778.21 - <span style="color: red">that’s $10.5-trillion for short. It took less than four months for it to rocket to that level from $9.5 trillion on July 21.</span></p><p><span style="color: red">Less than four months!</span> To put it in perspective, consider this: it took the U.S. government over four decades, from 1940 to 1982, to run up its first trillion dollars of debt.</p><p>The second and third trillions were racked up much more quickly - each in just four years. And it only took from 1990 to 1992 for the national debt to hit $4 trillion.</p><p>On the day President Bush was sworn in, the debt stood at $5.7 trillion. Less than eight years later, the it’s within days of having swelled $5 trillion dollars on his watch - an embarrassing milestone for a president who considers himself a conservative and an advocate of fiscal discipline."</p><p></p><p></p><p>July to September 2008 added $1 trillion.</p><p>Sept. 30, 2008 to Nov. 1 2008, $500 billion, or half a trillion. If this rate had continued it would've increased $2 trillion in 4 months. In 16 months it would've been $8 trillion in 16 months.</p><p></p><p>Compared to Obama's $2 trillion in 16 months.</p><p></p><p>We were already on a train ride to hell when President Obama took office.</p></blockquote><p></p>
[QUOTE="hubrat, post: 817303, member: 869"] "March 16, 2011 The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office. The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion. President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days." [url]http://www.cbsnews.com/news/national-debt-soars-500b-in-under-a-month/[/url] "November 1, 2008 Never before in U.S. history has the national debt increased as much and as rapidly as it has over the past month. Since September 30, the day the national debt hit the $10-trillion mark for the first time, the government has run up over $500 billion in new debt. That’s more than the federal deficit for the entire 2008 fiscal year, which ended September 30. And it’s the most rapid increase in the national debt ever: over [COLOR=red]half a trillion dollars in less than a month - 23 days to be exact. [/COLOR]The government’s latest calculation of the national debt stands at $10,530,893,033,778.21 - [COLOR=red]that’s $10.5-trillion for short. It took less than four months for it to rocket to that level from $9.5 trillion on July 21. Less than four months![/COLOR] To put it in perspective, consider this: it took the U.S. government over four decades, from 1940 to 1982, to run up its first trillion dollars of debt. The second and third trillions were racked up much more quickly - each in just four years. And it only took from 1990 to 1992 for the national debt to hit $4 trillion. On the day President Bush was sworn in, the debt stood at $5.7 trillion. Less than eight years later, the it’s within days of having swelled $5 trillion dollars on his watch - an embarrassing milestone for a president who considers himself a conservative and an advocate of fiscal discipline." July to September 2008 added $1 trillion. Sept. 30, 2008 to Nov. 1 2008, $500 billion, or half a trillion. If this rate had continued it would've increased $2 trillion in 4 months. In 16 months it would've been $8 trillion in 16 months. Compared to Obama's $2 trillion in 16 months. We were already on a train ride to hell when President Obama took office. [/QUOTE]
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