+106%: Obama Has More Than Doubled Marketable U.S. Debt

This article separates the National Debt into two categories and focuses on what they call the "Marketable" debt.

"Marketable" debt does not include the debt purchased by government agencies I think.

Debt is debt just the same regardless of who buys it.

So it seems that under Obama's Administration, the "Marketable" debt has more than doubled (in 5 years).

Bush came close to a "double" in 8 years, but with much lower numbers.

Today's total National Debt is around $17.2 Trillion (and climbing by the second).

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.

During the time that Bush and Obama have been in office, the marketable debt of the U.S. government has nearly quadrupled, increasing by $8,847,994,000,000.

+106%: Obama Has More Than Doubled Marketable U.S. Debt


Historical Debt Outstanding - Annual 2000 - 2012


Real Time National Debt Clocks






February 2009
"I Am Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In Office"


Obama says adding $4 trillion to debt is unpatriotic

W-o-W !!

reply to post by xuenchen


Obama has;
Lowered the debt
Calmed the waters
Soothed the furrowed brow of America
Cured Global-Weather-Change
Solved the "employment" issue.
Solved the "independence" issue.
Solve the "constitutional" issue.
Removed all worries about having freedom!

Stop your damned lying!

(in before a progressive posts!)

But you know Obama had nothing to do with this, It's all Bush's fault, he ran up the debt and Obama inherited it and all of the other bad stuff too... Anyone who thinks otherwise is a racist.

/sarcasm

Have any idea how much we are talking about combined with the nation's unfunded liabilities?

Is there enough money on the planet to cover it all?

reply to post by xuenchen


He needs to be fired already... -_-

That's one HUGE number and it's only going to get worse and worse and worse... But hey, he was going to cut that in half... He's fell a little short of his goal...

-SAP-

SloAnPainful
reply to post by xuenchen

 

He needs to be fired already... -_-

That's one HUGE number and it's only going to get worse and worse and worse... But hey, he was going to cut that in half... He's fell a little short of his goal...

-SAP-

Obama has a rich history of talking *Opposites*.

Half means Double. No means Yes. Legislate means EOs. Keep it means you can't. Lower cost means higher. etc. etc.

And maybe his "goal" is on target.

reply to post by xuenchen


Ha classic.

Ain't that the truth.

-SAP-

reply to post by xuenchen


Found this part in the article interesting.

It does not include money the Treasury has borrowed out of government trust funds—such as the Social Security Trust Fund—to spend on other government expenses when those trust funds were running surpluses.

This is the money they stole from the SS lockbox and left those pitiful IOU's in stead of.

Obama and the congress's spending habits are the real threat to our national security.

reply to post by Bassago


Nice little tidbit there. They take whatever they want in the name of "national security"... Funny how that works huh?

-SAP-

Well, as it happens ...

Some in our country think that Social Security is a trust fund – in other words, there's a pile of money being accumulated. That's just simply not true. The money – payroll taxes going into the Social Security are spent. They're spent on benefits and they're spent on government programs. There is no trust.

George W. Bush (Source)

Reagan started borrowing from the fund in 1983. Bush Sr. continued so that he could spend and seemingly keep the "no new taxes" promise. And so on and so on ...

Obama didn't start it. But let's blame him anyway ... it just feels so GOOOD to blame Obama, right? Am I right?

/eyeroll

reply to post by Gryphon66


Tad bit on the touchy side aye?

I do not think Bassago was blaming Obama for stealing from the Social Security Trust fund!

FYI..........for those of us who have been watching and not believing the propaganda it should be quite obvious that what Bassago is talking about is old news! Happened way before Bush even!

Try shedding your cognitive dissonance and see thru the partisan BS for a change!

Or hey! Maybe your right! Bassago is just another racist maybe???? *rolls eyes*

reply to post by Gryphon66


Yeah Reagan didn't create Social Security either, nor Bush wonder why only righties get blamed for things in this country ?

In fact SS was the greatest scam that has ever been created. That added debt to this country. That other countries buy up.

Pay attention:

www.cato.org...

Social Security is not an insurance program at all. It is simply a payroll tax on one side and a welfare program on the other. Your Social Security benefits are always subject to the whim of 535 politicians in Washington

Guess who said that ?

The SCOTUS!!!!!!

reply to post by Gryphon66


Wrong, let get a walk in history lane,

first president to borrow from the SS fund, Johnson's administration was the first to allow using SS to balance national budgets .