Truly impressive! Obama incures more debt in 4 days than Truman and Eisenhower did in 10 years!

dumb-hussein-obama1Aren’t you just loving that compromise deal that Weeper Boehner and the week kneed Republicans agreed upon to give Obama another $2.4 Trillion blank check? Not only have the stock markets crashed with trillions in people’s 401k values being wiped out, but Obama continues to spend like a crackhead. Of course, he was once a crackhead so some things are hard to change. Today it was announced that Obama is going $105 million to terrorist and pirate haven Somalia. But that’s small potatoes. According to CNSNEWS, Obama has increased the national debt more in just four days than it took for Presidents Harry Truman and Dwight D. Eisenhower to do in 10 years. These numbers are adjusted for inflation too.

At the start of business on Tuesday, Aug. 2, according to the Daily Treasury Statement, the national debt subject to the legal limit was $14.293975 trillion. Obama signed legislation that day lifting the limit by as much as $2.4 trillion—with an initial and immediate increase in the limit of $400 billion. By the close of business on Friday, Aug. 5, according to the Daily Treasury Statement, the national debt subject to the limit had grown to $14.536130 trillion.
Over just four days, the debt had jumped $242.155 billion.

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August 8, 2011 · Filed Under Government Spending


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