Obama borrowing tops $3 TRILLION

October 19, 2010 06:40


Since Obama took office his spending for bailouts, union payoffs, vote buying and spreading the wealth has increased the national debt over $4.77 BILLION PER DAY to hit a total of $3,039,049,594,342.88 at the end of October 15th.

By Terence P. Jeffrey at CNSNews.com


EXCERPTS:

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

At the close of business on Jan. 20, 2009, according to the bureau, the total debt of the federal government was $10,626,877,048,913.08. On Oct. 15, 2010, the federal government borrowed an additional $58,979,549,154.06, bringing the total federal debt at the close of Friday’s business day to $13,665,926,643,255.96—an increase of $3,039,049,594,342.88 since President Obama’s inauguration.

FULL STORY



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