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Thursday, January 12, 2012

37 Words that'll scare the living daylights out of YOU

"If you're willing to work even harder in this election than you did in that last election, I promise you change will come." "If you stick with me, we're going to finish what we started in 2008."   (Barrack Obama)

           Those words should scare you! Scare you, your children,  grandchildren and great grandchildren.
 Those are the people who have already been impacted by the actions of the current President of the United States. You don't have grandchildren or great grandchildren, worry anyway...  the President has already spent the money of the future generations. As a matter of "Fact" the current President, Barack Obama, has spent more money than all of the past Presidents..combined. When President Bush left office  the debt of all Presidents up to that point was $6.3 Trillion. After about 3 years of Barack Obama he has added $6.5 trillion, by himself: 
                                            1789 thru 2008 debt = $6.3
                                            2008 thru 2012 debt =  $ 12.8

Recent US Federal Debt Numbers

Gross Federal Debt        Debt Held by Public
FY 2012$16.7 trillion$10.8 trillion
FY 2011$15.5 trillion$9.9 trillion
FY 2010$13.5 trillion$8.2 trillion
FY 2009$11.9 trillion$6.8 trillion
FY 2008$10.0 trillion$5.3 trillion
Gross Federal Debt is the total debt owed by the United States federal government. It comprises “debt held by the public” and “debt held by federal government accounts,” such as IOUs owed to the Social Security trust fund. “Debt held by the public” includes debt actually held by the public and foreign governments, and also debt held by the Federal Reserve System, i.e., monetized as part of the monetary base.
As you can see nobody is exactly sure of the numbers because, it seems differEnt people use different figures  to come up with the debt figures. BUT whatever numbers one uses this President has added "AROUND" $6.5 - $6.7 TRILLION DOLLARS


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