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For Every $1 Added to the Economy, Obama Added More Than $3 in Debt
AP GraphicsSince Obama has taken office ….
[through Q2 2012 for comparative purposes]
–> For every $1 added to the economy, we’ve added more than $3 in debt
–> added $5.23 trillion in debt vs. $1.68 trillion to the economy
–> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
–> $5.23 trillion increase in debt
[source: Treasury Dept]
Chuck U Farley
September 17th, 2012
OT – today is Constitution Day. In 1787 the United States Constitution was adopted. On January 20, 2009 Barack Milhouse Obysmal started dismantling it.
..and today is the 150th anniversary of the bloodiest day in American History. 23,000 casualties in one day. And we did it to each other.
Reparations, my ass!
FreeMan & Sarah on Vacation
September 17th, 2012
I am shocked that it is only 3 to 1.
Hotlanta Mike
September 17th, 2012
OPM – Other People’s Money
timmy g
September 17th, 2012
well it hasn’t gone to waste has it? most of it went to his cronies and the rest of the world? right?
Refugiado Indisciplinado
September 18th, 2012
One step FORWARD, three steps BACK.