Fox Nation
September 17, 2012
Since Obama has taken office ….
[through Q2 2012 for comparative purposes]
– For every $1 added to the economy, we’ve added more than $3 in debt
– added $5.23 trillion in debt vs. $1.68 trillion to the economy
– 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
– $5.23 trillion increase in debt
[source: Treasury Dept]
- A d v e r t i s e m e n t
……
GDP
$13,923T [Q1 2009]
$15,606T [Q2 2012]
– $1.68 trillion increase in GDP
[source: BEA]
2 Responses to “For Every $1 Added to the Economy, Obama Added More Than $3 in Debt”
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This blatant Tory-Likudnik RepublicRAT drug-importing propaganda is totally dishonest.
It is Bush’s endless trillion dollar brown people exterminating Pentagon Communist Likudnik drug and oil wars that the RepublicRAT Zionazis refuse to end and endless bailout-borrowing from Tory-Likudnik Rothschild-Communist banksters to feed them that are the main components of this debt, not to mention Tory Likudnik Global-Communist free trade with the Red Chinese Communists.
Why blame poor BO. He just recites written speaches, reads/listens to tele/audio prompting and signs what he’s told to sign.