President Barack Obama World Record Holder!

[mmckee1952]

President Barack Obama World Record Holder!
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By Perry Jones

In President Obama’s six years in office has resulted in a deficit that is greater than all the presidents before him combined!
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“The George W. Bush Administration over eight years created $2 Trillion in deficits. The highest single annual deficit was $459 billion in 2008, which was a record at that time. But he pales in comparison to Obama.
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The Obama Administration maintains the record for the top six annual budget deficits in his first six years in office! Plus he topped $1 Trillion deficits in each of his first four years.
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A deficit occurs when annual government spending is greater than its revenues. When a government overspends resulting in a deficit, it must borrow money to stay afloat. Currently the US the government has over $18 Trillion in US Debt. This is the result of years of overspending. Of the $18 Trillion in US Debt, $13 Trillion is debt owed to the public but $5 Trillion is debt the government owes to other government agencies, like Social Security, where the government borrowed from these agencies when it needed money. The $13 Trillion in debt owed to the public is due to deficit spending and the accumulated interest payables related to the large amount of debt.
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Per www.whitehouse.gov, the accumulative total for all US Deficits combined was $11.6 Trillion through the end of 2014 (see Table 1.1—SUMMARY OF RECEIPTS, OUTLAYS, AND SURPLUSES OR DEFICITS (–):
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1789–2020). This $11.6 Trillion along with accumulated interest payables are what account for the $13 Trillion in US debt outstanding.
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A closer look at the deficits recorded at www.whitehouse.gov shows that the Obama Administration has accumulated more in deficits in six years than all prior years combined!
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At the end of 2008, the accumulated total of all US Deficits for all administrations since 1789 was $5.3 Trillion. For the six years 2009 through 2014, the Obama Administration has racked up an impressive $6.3 Trillion in deficits which are now more than all of the accumulated deficits before he took office.
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President Obama is a world record holder… the dubious record being ‘U.S. deficits.’ Or, could it be part of an insidious plan to leave our country in perilous financial straits?”

Read More: http://freedomjournalism.com/2015/03/16 ... rd-holder/

[Jeff82]

He didn't do it by himself... he had to have a complicit congress and senate.


People need to really research their politician's fiscal voting records before voting.

I get an email every couple of weeks that lists my senators' and congressman's votes with a short explanation of what the bills were about. I can then send letters/emails/phone calls applauding or condemning their actions.

Sign up here: http://www.congress.org/congressorg/megavote/