[Jan 2016]: The debt is up to $16.5 trillion and by the he leaves office our indebtedness will be almost double where it was when he entered the Oval Office. Just the interest payments alone cost half a trillion dollars a year. This is the Obama legacy and if liberals want to take ownership of this bleak record — it’s all theirs. -Stephen Moore Go To Site

Congress and the President last suspended the debt ceiling from February 4, 2013, through May 18, 2013, adding $300 billion to the national debt in less than four months. Their only request was that the Senate produce a budget for the first time in four years, which it did. No savings were accomplished. -Amy Payne Go To Site

Under this plan debt held by the public will grow from just over $10 trillion to $17.7 trillion by 2021. In other words, the president’s definition of “Living Within Our Means” is to burn through the equivalent of the entire German, French, and British economies in new debt between now and the end of the decade. You can try this yourself next time your bank manager politely suggests you should try “living within your means”: Tell him you’ve got an ingenious plan to get your spending under control by near doubling your present debt in the course of a mere decade. He’s sure to be impressed. -Mark Steyn Go To Site

Democrat, Liberal, Government, Incompetence, Obama, Financial, Debt

The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury. On Dec. 31, 2015, the last business day of 2015, the federal debt was $18,922,179,009,420.89. On Dec. 30, 2016, the last business day of 2016, it was $19,976,826,951,047.80. The one-year increase in the federal debt during calendar year 2016 was therefore $1,054,647,941,626.91.

Democrat, Liberal, Incompetence, Obama, Economy, Debt

[Jan 2016]: The debt of the federal government increased by $8,314,529,850,339.07 in President Barack Obama’s first seven years in office, according to official data published by the U.S. Treasury. That equals $70,612.91 in net federal borrowing for each of the 117,480,000 households that the Census Bureau estimates were in the United States as of September.

Democrat, Liberal, Incompetence, Obama, Financial, Debt

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president. That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

Democrat, Liberal, Incompetence, Obama, Financial, Debt

President Obama's budget adds $6.6 trillion in deficits over the next 10 years, the non-partisan Congressional Budget Office (CBO) said Thursday. That estimate is significantly worse than the $4.9 trillion in deficits predicted by the White House. The CBO used its own less rosy estimates of the economy to complete the analysis.

Jeff Zients, acting director of the Office of Management and Budget, couldn’t tell Congress Thursday how much President Obama’s budget proposal would increase the deficit because “there are a lot of numbers there.” ... “I need to check the numbers,” Zients said. “There are a lot of numbers there. What I can tell you is we should focus on — this is exactly what Bowles-Simpson does and other groups. What is the deficit as a percent of our economy? We are less than 2 percent at the end of the window, at 1.7 percent.” Go To Site

Democrat, Liberal, Government, Incompetence, Obama, Financial, Debt

Missouri Democrat Sen. Claire McCaskill said on Wednesday that America's $17 trillion debt threatens to put the nation "in a position where we're not a first-tier nation anymore." McCaskill added, "I do believe a $17 trillion debt is irresponsible. I do believe that."... U.S. debt has skyrocketed under President Barack Obama. In Jan. 2009, U.S. debt stood at $10.6 trillion. Today, according to the U.S. Department of the Treasury, America's debt is $17.5 trillion--an increase of $6.9 trillion.

Democrat, Liberal, Government, Incompetence, Obama, Financial, Debt

U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. The $328 billion increase shattered the previous high of $238 billion set two years ago.

Democrat, Government, Obama, Debt

The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.

Democrat, Liberal, Obama, Economy

The U.S. has slipped down the ranks of competitive economies, falling behind Sweden and Singapore due to huge deficits and pessimism about government, a global economic group said Thursday.

"I could not be more frustrated than I am right now," Haley told reporters after the meeting. She said that when she asked Obama if he would consider a last-minute plan to shave about 2 percent from the annual federal budget without increasing taxes, the answer was "no." "My kids could go and find $83 billion out of a $4 trillion budget," Haley said. "This is not rocket science." Go To Site

Democrat, Hypocrisy, Liberal, Incompetence, Obama, Financial, Waste, Debt

The Examiner reported on Oct. 26 that a May 2010 Obama state dinner for Mexican President Felipe Calderón cost nearly $1 million, or $4,700 per attendee. Three other Obama state dinners since 2009 cost half a million or more, according to official documents cited by the newspaper.

Democrat, Editorial, Liberal, Incompetence, Obama, Financial, Debt

November 16, 2011 was a historic date: that's when the US officially surpassed $15 trillion in debt for the first time since World War 2. We celebrated it by cheering $15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can unofficially celebrate again, because 286 days after the last major milestone was surpassed with disturbing ease, total US debt following today's $35 billion auction of 2 Year bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA! But wait. You aint's seen nothing yet. At this rate of growth, total US debt will surpass:
    $17 trillion on June 10, 2013;
    $18 trillion on March 23, 2014;
    $19 trillion on January 3, 2015; and
    $20 trillion on October 16, 2015

Democrat, Liberal, Incompetence, Obama, Economy, Debt

The nonpartisan Congressional Budget Office projected Wednesday that the deficit for 2012 will run $1.1 trillion, the fourth year in a row the shortfall will exceed $1 trillion.

Democrat, Liberal, Government, Incompetence, Obama, Financial, Debt

According to Forbes, “Obama’s own fiscal 2013 budget ... shows federal spending increasing from $2.983 trillion in 2008 to an all time record $3.796 trillion in 2012, an increase of 27.3%” and, “before Obama there had never been a deficit anywhere near $1 trillion.” In addition, Obama had four consecutive budget deficits of over a trillion dollars and, in just one term, will “will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined.”

"The tragedy of what’s going on is that one of the constituencies that went big for him, the young folks in America, are the ones he’s screwing the most. He’s screwing them with taxes; he’s screwing them with, as you put it, robbing from them in the future." -John Sununu Go To Site

Democrat, Government, Incompetence, Obama, Financial, Debt

President Obama’s budget would pile up an additional $3.5 trillion in debt over the next 10 years and shows the government’s trust funds running out of money in 2020, Congress’s official non-partisan scorekeeper said Friday.

Democrat, Liberal, Incompetence, Obama, Financial, Debt

(Reuters) - The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills. "I will be unable to invest fully" the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress.

Democrat, Liberal, Incompetence, Obama, Financial

The federal budget deficit was close to $240 billion for the first two months of fiscal year 2012

Incompetence, Obama, Financial, Debt

The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

WASHINGTON, Sept. 22, 2011 – Debt is the biggest threat to U.S. national security, Navy Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, said during remarks to business executives today. Go To Site

Democrat, Liberal, Incompetence, Obama, Financial, Debt

The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30. That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion--more than the total national debt of about $4.1672 trillion accumulated by all 41 U.S. presidents from George Washington through George H.W. Bush combined.

Democrat, Liberal, Incompetence, Obama, Debt

At the close of business on Aug. 31--for the first time in the history of the country--the publicly held debt of the federal government topped $10 trillion, according to data released by the U.S. Treasury Department at 4:00 p.m. yesterday. During Obama's presidency, debt held by the public has now increased by $3.71694 trillion--or almost 59 percent from the $6.3073 trillion in debt held by the public that the government owed to its creditors on Jan. 20, 2009, when Obama was inaugurated.

Incompetence, Obama, Financial, Debt

When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS' amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.

That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.

Democrat, Hypocrisy, Liberal, Obama, Debt

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child. It's irresponsible. IT'S UNPATRIOTIC!

In an interview with Stephen Moore of the Wall Street Journal, newly re-elected House Speaker John Boehner (R-OH) opened up about President Obama’s utter unwillingness to cut a single dollar from federal spending. In a stunning admission, Obama reportedly told Boehner, “We don’t have a spending problem.” Go To Site

Democrat, Liberal, Government, Incompetence, Obama, Financial, Debt

The government will run another $1.3 trillion deficit in fiscal year 2011.

Democrat, Liberal, Incompetence, Obama

The daunting tower of national, state and local debt in the United States will reach a level this year unmatched just after World War II and already exceeds the size of the entire economy, according to government estimates.

Democrat, Incompetence, Obama, Financial, Debt

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The US lacks a “credible strategy” to stabilise its mounting public debt posing a small but significant risk of a new global economic crisis, says the International Monetary Fund. In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011 at a time when its economy was growing fast enough to reduce borrowing.

Democrat, Liberal, Incompetence, Obama, Debt

Why are we doing all this when the most powerful person in these negotiations — our president — has failed to lead this debate or offer a serious proposal for spending and cuts that he would be willing to fight for?

There are no grounds to suggest that by putting the responsibility over to the state, one can achieve better results. Unreasonable expansion of the budget deficit, accumulation of the national debt - are as destructive as an adventurous stock market game. During the time of the Soviet Union the role of the state in economy was made absolute, which eventually lead to the total non-competitiveness of the economy. That lesson cost us very dearly. I am sure no one would want history to repeat itself. -Vladimir Putin Go To Site

Incompetence, Obama, Financial, Debt

TAPPER: The president seems to think that that borrowing money to pay the interest on the debt is not adding to the debt. I don't understand that math.

CARNEY: What the president made clear is that we need to get to a place -- and his budget absolutely does this -- where we are no longer spending more than we're taking in.

Barack Obama In 2008:

Adding $4 Trillion to Debt is Unpatriotic

[Jan 2016]: The debt of the federal government increased by $8,314,529,850,339.07 in President Barack Obama’s first seven years in office, according to official data published by the U.S. Treasury. That equals $70,612.91 in net federal borrowing for each of the 117,480,000 households that the Census Bureau estimates were in the United States as of September.

Democrat, Liberal, Incompetence, Obama, Financial, Economy, Debt

New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office.

Obama, Economy

The Congressional Budget Office is projecting that the deficit for the 2010 budget year that ended Sept. 30 will total $1.29 trillion.

Democrat, Liberal, Incompetence, Obama, Economy, Debt

In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

Democrat, Liberal, Incompetence, Obama, Financial, Economy

The White House says the government is now borrowing 41 cents of every dollar it spends. New estimates predict the unemployment rate will average 9 percent next year and the budget deficit will be $1.42 trillion — even bigger than previously expected.

Democrat, Liberal, Incompetence, Obama, Financial, Oops

WASHINGTON – The White House said Monday that President Barack Obama regrets his vote as a senator in 2006 against raising the debt limit — a vote he's now pressuring Congress to take. Obama "thinks it was a mistake," presidential spokesman Jay Carney told reporters.

Obama, Funny, Metaphor

"It will be really embarrassing if it doesn't," remarked President Obama as he was attempting to pay for some items he bought while Christmas shopping.