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View Full Version : U.S. Debt Has Increased $48,994 Per SECOND Since Obama Took Office



red states rule
12-13-2011, 04:25 AM
and yet Obama continues to have an approval rating in the low 40's. I do remember libs ranting how Pres Bush added so much debt in his 8 years - yet the same libs are silent over Obama adding $5 TRILLION in less then 3 years




In the middle of verifying a Tim Kaine accusation against George Allen in the Virginia Senate race, PolitiFact (http://www.politifact.com/virginia/statements/2011/dec/08/tim-kaine/time-kaine-says-debt-grew-16000-every-second-georg/) offers a jaw dropping figure that any critic of Obama would find useful:

So, the real period of influence Allen had on federal spending ran from Oct. 1, 2001 to Sept. 30, 2007. The national debt rose by $3.202 billion during that span and, as we pointed out in a Truth-O-Meter (http://www.politifact.com/virginia/statements/2011/jan/23/jamie-radtke/jamie-radtke-says-debt-grew-16000-every-second-geo/) earlier this year, Allen voted for each of about four dozen appropriation bills that came to the Senate floor during his term.

In other words, Allen voted for budgets that increased the debt by $16,896.68 every second he was in the Senate. That’s slightly higher than Kaine’s estimate.

But before you get angry at Allen, consider this: The debt has increased by $48,994.13 a second since Barack Obama became president. And Kaine, who served as Obama’s hand-picked chairman of the Democratic National Committee for two years before resigning in April, is a staunch defender of the president.


Sounds like a ready-made ad, no? “When Obama’s administration spends* more than $48,000 per second, how can any of us afford four more years?”

* As noted in the comments, the issue isn’t really that the Obama administration spends more than $48,000 per second, but that they increase the debt by more than $48,000 per second!


http://www.nationalreview.com/campaign-spot

logroller
12-13-2011, 05:08 AM
Well if those RHINOS would just pass an austerity bill...:poke::laugh2:

red states rule
12-13-2011, 05:10 AM
Well if those RHINOS would just pass an austerity bill...:poke::laugh2:

I posted how the R's blew it and did not press their 2010 election win

But Obama, Reid, and Pelosi had total control for the first 2 years and they spent the money faster then the Mint could print it

red states rule
12-14-2011, 04:17 AM
http://media.townhall.com/Townhall/Car/b/bg121311dAPR20111213044609.jpg