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April 14, 2011

Obama Has Been Increasing Debt by $1,148 per Household per Month

Posted by Dave Blount at April 14, 2011 6:35 AM

Comrade Obama may not have to worry about the media managing to get him reelected in 2012. His work might be done by then. That is, at the rate he is plunging us into debt, the economy might already have collapsed:

Overall, according to the U.S. Treasury, the federal debt increased by $3,646,116,554,704.36 between Jan. 20, 2009, when Obama was inaugurated, and April 13, 2011, when he gave a major speech announcing a plan to deal with the debt.
Given that the Census Bureau estimated in March that there are 117,538,000 households in the United States, the $3.6461 trillion increase in the debt under Obama works out to $31,020 per household.
Obama has now been in office 27 months. The $31,020 per household increase in the federal debt under his watch thus equals a per-household increase of $1,148 per month.

Now he says he's going to deal with the debt by a method any idiot could have predicted: raising taxes. Every time our looter government steals a nickel, it spends a dime and then demands more, leaving the economy that much weaker.

No country can sustain this insanity indefinitely. Unless Obama et al. can be pried out of power, we are facing total ruin.

obama-taxes.jpg
It will never be enough.

On a tip from G. Fox.