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Barack Obama: The $ 2,000,000,000,000 Man

by @ 5:04 pm on March 16, 2010. Filed under Barack Obama, Economics, Politicos & Pundits, Politics

The national debt on January 20, 2009:

Obamadebt1

The national debt 420 days later, March 15, 2010:

Obamadebt2

That’s an increase of $ 2,009,785,907,226.99 (18.9%) in 420 days, or $ 4,785,204,541.02 per day, $ 199,383,522.54 per hour, and $ 3,323,058.71 per minute.

By contrast, it took George W. Bush four years to increase the national debt by the same amount.

Nice going Barack.

Debt figures obtained at the Treasury Departments Debt to the Penny Calculator

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2 Responses to “Barack Obama: The $ 2,000,000,000,000 Man”

  1. ej says:

    in some ways this is even worse thatn it looks because the intergovernment holdings really are not debt… its just what the general fund owes to the SS fund. Its just an accounting book entry. The real debt is the debt held by the public at 8.12 trillion. The good news is this is lower than the total number, the bad news is this is up almost 30 percent in one year. This is the number the laws of economics care about. We are likely going to go about by at least this amount this next year. So we are on pace to have doubled the outstanding debt in about a three year period.

    There is a reason why despite inflation being low, gold is still about 1100 to 1200 bucks an oz.

  2. Chris says:

    No, Intragovernment holdings are still debt. Just because Dad borrows from Grandma to make the household bills doesn’t mean Dad isn’t in debt. He’s just in debt to other family members but it’s still debt. Also, Grandma is starting to get old and will need that money back to pay for her nursing home and medical bills she’s quickly racking up.

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