America Has Added More Debt Since Election Day 2008 Than The Previous 224 Years Of The Republic

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If Barack Obama loses tonight, this will be his legacy:

(CNSNews.com) – The federal government has now piled up more debt since Election Day 2008 than it did under all presidents from George Washington through Bill Clinton, according to official debt numbers published by the U.S. Treasury.

When the polls opened on the morning of Tuesday, Nov. 4, 2008, the total debt of the U.S. government stood at $10,556,177,748,045.21 (the number it had reached by the close of business on Nov. 3, 2008). As of the close of business on Friday, Nov. 2, 2012, the most recent day reported by the Treasury, the total debt of the U.S. government stood at $16,206,129,028,709.29.

That is a four-year increase of $5,649,951,280,664.08.

To be fair, George W. Bush is part of that legacy too. The $5,649,951,280,664.08 we’ve added in four years of Obama is greater than the total US national debt when Clinton left office. It was George W. Bush and, for six of his eight years, a Republican Congress that took us up to and past $10 trillion. And in four years Obama has taken us past $16 trillion.

Whoever wins the national election, this has got to stop. Not slowed, but stopped.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • $8194357

    Founders:
    Beware the debtors pen.
    DC globalist illumiinati banker puppets:
    17 trillion and counting !

    • Roy_Bean

      Barry said he was going to fundamentally change America and, sadly, he has.

      • $8194357

        After much thought and study Roy..

        It has been the pattern used by Lucifer for a very long time..

        Islamic jihadis had the dhimmis of old from the countries they conqured
        pay them a Jizya tax and pay for the caliphate to build a larger sharia system. They confiscated all weapons and would leave the citizens to labor if the taxes were paid and they remained submissive..

        In every socialist/communist country the same structure was
        put in use called the “soviet” by western termonology.

        State fascism citizenship, but it cost your freedom and
        labor to be left alone.

        Came to America when they usurpt the limited central planning Constitutional Republic for soviet rule of olagarchy eilist men above the law style form of steering committee governnace in place today.

        The Federal Reserve and IRS have made dhimi jizya payers called (taxpayers in DC) to grow the soviet larger and more tyranical..
        Now going global..

        If we just shut up, pay the tax, and submit our labors to their
        agenda they will not incarcerate or kill us..(yet)

        With all these globalist ideologies are “common denominators”
        and currency control, taxes and submission to state are used to accomplish them…Tyranist all….

        This world is indeed set up on Lucifers systems of debt, slavery,
        submission, and destruction/death, IMO..

  • HG

    I doubt Obama will stop any of his anti-colonial ways. That will be up to both houses and the courts. Obama has gone rogue over the past year with his decrees and unwillingness to work with either house. It’s going to be a street fight for the next four years should Obama eek out a win today.

    • $8194357

      Over 900 executive orders running around congress on the left end…
      The old Green Bay sweep…All hands block left and send the runner.

  • Gern Blanston

    All that debt is Bush’s fault! His wars; his tax cuts – with out them we’d still have a balanced budget!!!!! WHAAAAAHHHHH!!!! (the last four years is irrelevant – we couldn’t stop the slide into over-spending caused by BUSH).

    • HG

      “the last four years is irrelevant”.

      Spoken like a blind fool.
      Willful ignorance and an impotent Gov’t is no argument.

  • mikemc1970

    Debt Shmebt. Obama has an economy to totally collapse.

  • Harold

    If this is true that alone would be reason enough for me not to give Obama a 2nd term.

  • Gern Blanston

    What I find especially maddening are the libs who cite the fact that Obama’s increases in spending are lower as a percentage than Bush’s. So first they tell us Bush was a spend-a-holic; then they say “Hey, Obama only increased Bush’s spending by a small percentage” But what abaout the fact that Bush was over spending? And Obama is spending even MORE! Percentage of increase is irrelevant whe you start with hiigh spending.

    • tw

      Obama needs to cut more. Romney needs to find enough pixie dust to cover that 20% blanket tax cut that will magically save us all.

  • AV

    Deficit hysteria only shows how economically-illiterate the right-wing are.

    Thanks to policies passed by both Bush & Obama, growth in healthcare expenditure has now fallen below CBO predictions. Combined with some more pro-growth policies, and letting the Bush tax-cuts expire, this should be enough for the economy to head back to surpluses, in a few years. (As unemployment falls, more people will be paying tax, and less will be spent on welfare.)

    • http://sayanythingblog.com Rob

      The sort of analysis one would expect from someone unconcerned about $1 trillion deficits.

      And health care costs are growing faster now than before Obamacare. Use accurate numbers.

      • AV

        Growth in healthcare expenditure has still been behind official CBO predictions.

        Also, could you please list a trillion dollars of cuts that could be made without wrecking the economy?

        • http://sayanythingblog.com Rob

          Official CBO predictions made using the criteria forced on it by the Senate which requested it?

          No thanks.

          And it’s going to be hard to talk about cuts when you insist on believing that government spending helps the economy.

          Sounds like we need to go back to Math 101. Where do you think all that money the government spends comes from?

          • AV

            In general, govt spending is probably less-efficient than private spending. But when private demand (and subsequently investment) declines, like after a financial-crisis, how does one then deal with the shortfall (in demand for goods & services, and in investment)?

            And if this shortfall is not dealt with, then what mechanism will stop continued decline? (Less demand means people lose their jobs, which leads to less demand, which leads to more people losing their jobs, … .)

          • tw

            Can we send Romney with to the Math 101 class? He definitely needs some lessons.

  • yamyam

    The debt is all thanks to 30 years of bad republican economic and taxation policy.

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