Up 106%: Obama Has More Than Doubled Marketable U.S. Debt
InvestmentWatch |
The marketable debt of the U.S. government has more than doubled–climbing by 106 percent–while President Barack Obama has been in office, increasing from $5,749,916,000,000 at the end of January 2009 to $11,825,322,000,000 at the end of January 2014, according to the U.S. Treasury’s latest Monthly Statement of the Public Debt.
During the eight-year presidency of George W. Bush, the marketable debt of the U.S. government almost doubled–climbing 93 percent–from $2,977,328,000,000 at the end of January 2001 to $5,749,916,000,000 at the end of January 2009
http://www.treasurydirect.gov/govt/reports/pd/mspd/2014/opds012014.pdf
http://cnsnews.com/news/article/terence-p-jeffrey/106-obama-has-more-doubled-marketable-us-debt
71% Of Obama Voters “Regret” His Re-Election
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Over 7 in 10 Obama voters, and 55% of Democrats, regret voting for President Obama’s reelection in 2012, according to a new Economist/YouGov.com poll.
http://www.zerohedge.com/news/2014-02-18/71-obama-voters-regret-his-re-election
President Barack Obama signed into law the first bipartisan budget produced by a divided Congress in 27 years, abating the fiscal discord that spurred a government shutdown in October.
The Senate yesterday passed a $1.01 trillion budget deal easing $63 billion in automatic spending cuts, raising user fees and lowering the U.S. deficit over 10 years. The plan keeps in place about half of the spending cuts known as sequestration for next year, and about three-quarters of the planned reductions for 2015.
Nine Republicans joined all Democrats to back the measure, which passed the Senate 64-36.
Professor Kotlikoff joins the Financial Sense Newshour for an eye-opening interview about the true state of fiscal affairs in this country. He explains how the government uses accounting tricks to hide the truth and keep everyone in the dark about the US’s actual debt-load, which runs $205 trillion versus the $17 trillion you often here in the news.
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