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Obama has run up the debt $2 trillion in just 421 days. Hope & Change ain’t cheap, pal!

From CBS News’ Mark Knoller:

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.

That’s $4.75 billion a day — without possibly adding Obamacare to the pile.

Clearly the only way to ensure that the debt doesn’t amount to more than 100% of the national economy by 2012 is to spend a lot more money, and fast!

Comments

5 Responses to “Barack Obama’s ‘America on $4.75 Billion a Day’”

  1. Oblahblah sux on March 17th, 2010 8:25 pm

    Holy crap!! A colleague said the other day her college got "Obama bucks" to study river water. I had to reminder that Obama has no bucks. Those are MY bucks!!!

  2. Nick on March 17th, 2010 9:54 pm

    Yes, thank God we can get conservatives back soon, since … oh wait, the las4 Republican administrations exploded deficit spending and the last 2 Democrats left office with budget surpluses.

    That can't be right? I know, lets just act like that isn't a fact. Let's act like we haven't had to spend the last year digging out of the Bush Recession.

  3. Joyanna Adams on March 17th, 2010 10:54 pm

    Yes, I met one of those ladies here in Missouri…she sold her dying private business and all her land to a university…to study…the Mississippi.

    She was REALLY happy, but I must admit, I thought it was a very sad day to see such a wonderful place being replayed by taxpayers money being thrown into the mud.

    Obama has just BEGUN to spend.

  4. Joe Redfield on March 18th, 2010 12:19 am

    Don't worry, that 3,000% reduction in health insurance premiums will take care of the problem.

  5. Doug on March 18th, 2010 1:00 am

    Don't worry, that 3,000% reduction in health insurance premiums will take care of the problem.

    Haha! True, good point.

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