Obama Has Borrowed Almost $30K Per Household Since Signing Stimulus Bill Two Years Ago…
Here’s an equally frightening deficit fact: The federal government owes $125,475.18 for each household in America.
(CNSNews.com) — The federal government has borrowed an additional $29,660 per household in the United States since President Barack Obama signed his economic stimulus law two years ago.
That brings the total national debt to $125,475.18 per household.
At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood at $10.79 trillion ($10,789,783,760,341.41), according the Bureau of the Public Debt. At the close of business on Feb. 16, 2011, the national debt stood at $14.13 trillion ($14,129,889,690,377.50) — an increase of $3.34 trillion (3,340,105,930,036.09)
The U.S. Census Bureau estimates that there are a total of 112,611,029 households in the United States, which average about 2.6 people per household. That means that the new debt accumulated in the two years since Feb. 17, 2009, when President Obama signed his economic stimulus law, equals about $29,660.55 per household.
The current total national debt of $14.13 trillion can be divided into equal portions of $125,475.18 for each of the 112,611,029 households in the country.
Posted by ZIP on Thursday, February 17, 2011, at 8:15 pm | 
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Why is this frighteneing? Theyve been beg / borrow / stealing since this country was founded, and have been gathering momentum like a giant snowball going down hill with each passing year. I dont see the asshats repubs doing anything different. They will make some cuts, but in the end we will have the same results. Theyll spend it elsewhere.
This is the most shameless bunch Ive ever seen. If you can think of something vile, corrupt, absurd, thoughtless or completely devoid of scruples….. theyve done it or are trying.
Hell doesnt have a spot reserved for these asswipes, theres a whole continent down there waiting for them. Che, Hitler, Mussolini, Mau, Stalin and others will be their welcoming party.
“Superfly, TNT, Black and Beautiful…..at a Teleprompter near YOU!”
His mishandling of all things governmental are being buried by the
MSM by the minute. They chuckle at his mis-steps, yet are girding
up their investigations of Issa to paint him as an attack dog….set on
going after “the won”. Obama’s blatant screw-ups in his first two years
only make him more SEASONED to lead us in 2012…..we’re with
you Chris, Rachael, Larry and the rest of NBC, ABC, CBS,…….
I’ll bet that most tax-paying Americans are wondering how much of that $29,660 borrowed over the last two years provided any benefit to their households. I sure as heck haven’t seen anything. I know I could have done a lot better if I had been able to use even half of that.
very slick spinn on CNSNews.com propaganda..
“…since President Barack Obama signed his economic stimulus law two years ago…?..”
Obama Inherited that Red Headed Stepchild from Bu$h43 and the Dominionist GOP demanding it be initiated essentially without debate.. just like the needless Iraq war, to poison Obama’s presidency.. so really you cant criticize any part of it. that bill is Bu$h43′s Legacy, along with the rest of his F’d up Legacy’s
i personally think Obama is just a Chicago Mob Boss working for the GOP.. you guys hack at him all the time to distract attention from the truth.. he hasn’t done shit.. he is a shill. he is simply acting like he is a liberal and you are acting like you don’t know it.
he is taking Arlan Specter’s old job.. being outraged about the ‘Joe the plumbers’ get’n screwed again by the rich and powerful.. vowing to get to the bottom of it and fix it… then doing nothing but hi-5′n the rest of the Fascists off camera.
Tell me again why the Democrats believe they can govern.. as opposed to looting, which they are very good at.. they are getting revenge on Americans for everything going back to their loss in the Civil War..
As Rush discussed today… Obama suffers from BDD = Budget Deficit Disorder
Symptoms include a lack of attention to details… forgetting the facts and switching positions often
Well, considering that the banks have taken away 98% of my credit line, it all makes perfect sense. It is a form of wealth redistribution (not that credit is equal to wealth, but if managed properly credit can help one create personal wealth.) Change; absolutely. Hope; hardly.
All going according to plan:
Stage 1 Bankrupt Amerikka
Stage 2 Disarm Amerikka
Stage 3 ???
Stage 4 Death to Amerikka
First the commies will bankrupt you, then disarm you after you can no longer afford a strong military.
Maybe they reckon the resulting internal turmoil in the U.S.A. will do enough damage to allow Russia and China to then move in for the kill.
Were it only the fed we may be able to recover but it isn’t. It is every little state, county, city, and us that have borrowed our way into the grave. We’re all just a bunch of humans and we and God all know how we are. There is no union without unity and it’s time we address all of the human Pharoah’s in every little jurisdiction where we are, beginning with ourselves.
Sure others may take advantage of our future instability but they can’t do any worse than what we have done to ourselves. I sure don’t believe they are going to show up at our doors. If they get us it will be from afar like the cowardly terrorist that hit us 9/11/2001. If Putin or Jintao sends a bunch of boys to my door I’m sure I can get at least one before they get me.
“The high office of President has been used to foment a plot to destroy the American’s freedom, and before I leave office I must inform the citizen
of his plight.”
- John F. Kennedy, speech at Columbia University, 10 days before his assassination
http://www.truthandliberty.com/Quotes_on_NWO_-_Patriots.html
republicfortheunitedstates.org is fighting the fight started by President
John F. Kennedy. We have been hood-winked by USA INC.
Al says: February 18, 2011 at 5:31 …. It is a form of wealth redistribution…”
this is wealth redistribution….
http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
when the richest 1% has 42% of Americas Financial Wealth, which is 6 times what the bottom 80% holds at only 7%.. the top 20% holds 93% of America’s financial wealth.. this was acquired thru rigged Wall Street schemes.
there is a recession because there isn’t enough money left in the system to make the system work. the OCD wealth hoarders, provided with welfare from the Bu$h43 tax cuts are now continuing to loot the country by speculating on the necessities of life of the poorest Americans, food/fuel.
Yes now tax cuts are wealth distributions?
Don’t forget Enver Hoxha who restricted abortion so future communists wouldn’t be killed off.