Obama Has Raised The National Debt $64,000/Person

nationaldebt

Hope for change:

(CNSNews.com) – The national debt has now increased by more than $64,000 per federal taxpayer since Barack Obama was inaugurated president.

At the close of business on Jan. 20, 2009, according to the U.S. Treasury, the total debt of the federal government was $10,626,877,048,913.08. By the close of business on July 10, 2012, that debt had climbed to $15,885,854,755,351.47—an increase of $5,258,977,706,438.39.

In “Statistics of Income—2009 Individual Income Tax Returns,” which was published this year and is the Internal Revenue Service’s most recent statistical report on individual income tax data, the IRS reported that there were 81,890,189 tax returns filed in 2009 that reported taxable income.

If each of these 81,890,189 federal taxpayers were given responsibility for paying off an equal share of the new federal debt added since Obama was inaugurated, they would each need to pay about $64,219.88.

But remember, the problem is that we aren’t taxed enough.

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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  • WOOF

    Why equal shares ?
    Some people benefited much more from the Bush Tax cuts than others.
    Remember when there was a dangerous surplus?
     

    • http://nofreelunch.areavoices.com/ Kevin Flanagan

      Because everyone is equal in Obama’s collective; some more than others. You’re not one of those “free riders” old lady Pelosi yammered about, are you?

      • LastBestHope

        “Animal Farm” was one of Orwell’s best works. Timeless truth.

    • robert108

      Those who benefited the most from President Bush’s tax policies were the millions who no longer had to pay income taxes.
      Govt surplus=overtaxation=reduced growth/lower job creation

      • WOOF

        You’re fantasizing again. Back it up with references.
         America hates GW a little less than Iraqis
         

        • robert108

          Your denial of reality is, as always, amusing.
          Only left wing extremists hate President Bush, along with your terrorist buddies, of course.

    • Jfisher17

      “Some people benefited more from the Bush tax cuts than others.” Really, Woof-is that all you’ve got? Everything that happens in life benefits/harms some more than others. Anyway, the opposite of your response is: “some people are harmed more than others from the progressive tax structure in the US.” 

    • mickey_moussaoui

      Tax cuts didn’t cause this economic meltdown, Wall Street greed did. Clinton removed the barrior that kept banks from becoming investment firms. It all cascaded downward after that. This all falls on Clinton, not Bush

      • WOOF

        You’re OK with regulating the banks., bringing back Glass Steagall Act ?

      • Wayne

        “Wall Street greed”?  Really?  You sound like an Occupier.  What about the democrat wet dream of ‘everyone owning a house’  even if you can’t afford it?  What about the democrats Community Reinvestment Act making it a law that banks must allow everyone to own a house? What about democrats running interference for Freddie and Fannie so everyone could own a house?  What about the Fed keeping interest rates low so everyone can own a house?  What about the SEC turning a blind eye to all the bundling and derivatives so everyone could own a house?

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    How much of this was bush’s wars and the drug program he lied to us about?

    • Wayne

      Obamao is the liar.  If you have no problem with Obamao’s lies, why bring up anyone else?

  • WOOF

    Cinton tax policies continued would have retired the debt.
    The spending problem has been Republican presidents.
    Nixon Ford, Reagan , Bush1&2, all spent more than their revenues.

    • robert108

      Wrong.  Clinton’s policies exploited the dot.com bubble(phony wealth) and gutted our military and intel capabilities, which allowed AQ to grow in strength to launch a second attack on the WTC.  All the economic growth during Clinton came after the landslide election of the Gingrich Republican Congress, which killed Clinton “stimulus” spending and HillaryCare, and forced him to sign Welfare Refotm.
      The spending to fight terrorism was made necessary by both Carter and Clinton policies, and was accomplished by President Bush.
      Those wars were against terrorism, and the terrorists are our enemies.

    • mickey_moussaoui

      nonsense. Clinton raped the military budget to balance his budget

    • Wayne

      Obamao is the real pro when it comes to spending more than ‘his’ revenues.  All past presidents put together don’t equal Obamao.  Idiot.

  • WOOF

     Clinton- four years of budget surpluses.
     

    • robert108

      False.

      • WOOF

        My back up, the CBO.
         Robot108, yours?

      • ellinas1

        “Telling one lie or even consistently lying about one subject…doesn’t make you a liar…”
        robert108 on May 18, 2009 at 03:23 pm

      • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

         .

    • robert108

      And multiple terrorist attacks, including the first WTC attack in ’93, with no response to fight terrorism.  The very best reason for the govt to spend our earnings is for national defense.

    • Wayne

      That’s to a midterm ass kicking that scared the crap out of Clinton the resultant Republican House.

    • Gern Blanston

      If you cook the books. But even then, those ‘surpluses’ we the result of budgets passed by Republican congresses. Remember budgets? Something the Constitution recognizes as a requirement for government. It’s really hard to stay on budget when you don’t have one – but then, that’s the point the Dems know too well.

  • mickey_moussaoui

    Clinton was the cause of the global meltdown.
     After the first great depression, congress enacted laws restricting banks from becoming investment firms. Clinton lifted that law . American banks were unleashed and the global greed cycle started all over again.

    • WOOF

       An FDR admirer.

  • Kcfreakazoid
    • http://sayanythingblog.com Rob

      That chart is both out of date and inaccurate.

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