U.S. Debt Has Increased $48,994 Per SECOND Since Obama Took Office
- Posted on December 12, 2011 at 5:53pm by
Mike Opelka
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Back in August, The Blaze reported that President Obama’s economic policies managed to add more debt to America than George Bush did, and in less than half the time! Today we have a staggering measurement that shows just how large that problem has grown.
When Obama took over for Bush in January of 2009, America was only $10.6 trillion in debt. In less than three years, the nation’s debt has ballooned past the $15 trillion dollar threshold.
To put it in perspective, as National Review notes, the national debt has grown by a stunning $48,994.12 per second that Obama has been in office.
A little rough math to illustrate how fast our debt is growing.
$48,994 per second works out to almost $3 million dollars per minute ($2,939,640)
or
$176,378,400 per hour
or
$4,233,081,600 per day – More than four billion dollars of added debt per day.
Critics might easily dismiss the numbers since they came from a conservative outlet like National Review. But guess where the numbers really came from? The non-partisan (and some would even say left-leaning) fact-check group, PolitiFact.com.
(H/T: Jim Geraghty at the National Review)
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Comments (79)
Citizen1
Posted on December 12, 2011 at 8:42pmAnd these numbers still don’t RAISE the ALARM for 90% of Americans.
ADD to that the future UNFUNDED Entitlements of an estimated $115 TRILLION
AMERICANS just DON’T GET IT
Report Post »Our Government is spending America’s future into oblivian
GBTVFan_Non_American_Overseas
Posted on December 12, 2011 at 8:07pmAnd I always thought that the toilet was a fast way for throwing the money away….
Report Post »bradb
Posted on December 12, 2011 at 10:30pmIt still is, could I be your plumber?
Report Post »pamela kay
Posted on December 13, 2011 at 1:45amI am not shocked by this number. I am shocked that people know this and still support this president .
Report Post »jmgair
Posted on December 12, 2011 at 7:49pmThis was all part of his plan by becoming the president and he still has the nads to look back and blame everyone else for the huge problems he has brought to America with all of his Hope & Change. Cloward & Piven must be so proud of their student Barry. And to think that there are still blind idiots out there that want him to serve another term ??
Report Post »ChuckNorris
Posted on January 23, 2012 at 5:39pmA trillion dollars of bailouts were passed just before he took office and he inherited two wars that add at least another trillion. Yet you people are content to blame him for those. GOOD JOB! You know how I know you’re gullible? Glenn Beck advertises on this page. According to the US treasury department the national debt has increased 16% under Obama, and 115% under Bush, as of May 2011. Not supporting Obama, but get your facts straight instead of just accepting anything that comes your way that supports your dislike of the president.
Report Post »Darmok and Jalad at Tanagra
Posted on December 12, 2011 at 7:35pmIf you add inflation, that is really only $2,345.12 a second in real money, but if you act now Obama will double the debt, yes that’s right, instead of spending $48,994 a second, he will spend $97,988 a second and you will receive a free tax bill, but only if you act in November, remember, vote Democrat if you HATE your grandkids.
Report Post »Outlaw_Josey_Wales
Posted on December 12, 2011 at 7:33pmFiscal year 2012
$1.3 trillion deficit.
$7.1 trillion total government spending, federal, state & local 46.6% of GDP.
GDP for 2012 about 2%
With $7.1 trillion in government spending and a GDP of 2%. Something is very very wrong here, the private sector economy is in a depression.
Looks like a lose lose situation, stop spending the economy with crash completely , keep spending we default on debt and the economy crashes.
Report Post »sbleve
Posted on December 13, 2011 at 9:59amDid you spit yet?
Report Post »tommyg524
Posted on December 12, 2011 at 7:26pmahhhh dont worry about it, we’ll get there…errr, or here:
Report Post »http://www.youtube.com/watch?v=7vU0TTQTvLw&NR=1&feature=endscreen
BurntHills
Posted on December 12, 2011 at 7:11pmobama has =deliberately= viciously made the American poor and middle class even poorer so those Americans will intentionally welcome any form of HIS government enslavement.
Report Post »fixer
Posted on December 12, 2011 at 7:01pmobama has to make it sooo bad that you will accept anything…even one world government to save the day.don’t fall for it.invest NOW in food, guns, ammo, water, gold, water it’s gonna take to come through the other side.have extra,you might need to garrison some friends.
Report Post »possom
Posted on December 12, 2011 at 7:31pmThere‘s an entire town in MO preparing for the worst that’s where were heading when the sheite hits the fan, the bunker’s are already there!
Report Post »brntout
Posted on December 12, 2011 at 6:53pmSeems alot of folks are surprised.What the hell were you thinking? Got over your guilt yet?
Report Post »progressiveslayer
Posted on December 12, 2011 at 7:01pmSadly no they haven’t,their minds have been conditioned,we must pay for slavery the white guilt thing.
The Marxist will get 95-100% of the black vote because he care’s so much for the blacks,LMAO.
It’s the white bleeding heart liberals that will continue to vote for this disgrace of a president,they just don‘t want people thinking they’re racist.Never mind the fact that this Marxist POS president’s ultimate goal is the end of capitalism.
Report Post »brntout
Posted on December 12, 2011 at 7:24pm@ PROGRESSIVE SLAYER I’m ready to irradicate,but only under flight or fight.That would be their position. Stand firm with a harmful caliber in hand.Unfortunately it’s about to happen. Learn to pull it when you need it. It hurts the first time but you get over it quickly.
Report Post »progressiveslayer
Posted on December 12, 2011 at 8:03pm@Brntout I’ll go for center mass,my eyesight isn’t what it used to be so the use of a shotgun will be mandatory,and happiness is a warm gun.
Report Post »dadsrootbeer
Posted on December 12, 2011 at 6:49pmImpressive. Just think what the dictator could do with another four years.
Report Post »JohnQTaxpayer
Posted on December 12, 2011 at 6:45pmThis will not end well
Chance favors the prepared mind
Report Post »brntout
Posted on December 12, 2011 at 7:34pmNow I have to ask , is that his smile or his greet you at the door to become bullet fire? Just kidding he willl try to protect,and although his bark will awaken you, it might work.
Report Post »brntout
Posted on December 12, 2011 at 7:46pmAnd yes ,yes you are more right than you know. Vets are who they want to shut down.We don’t quit,nor will we ever….from brntout
Report Post »JohnQTaxpayer
Posted on December 12, 2011 at 8:47pmAn old avatar from a different board, I am smiling at all the “tax sheep” out there who regularly give up 40 to 50% of their earnings without so much as a whimper.
From my article titled “while you were sleeping”
I am speaking to the silent majority of so called Americans who are fast asleep in never never land.
It is painfully obvious, you have either no interest or no clue about what has been happening to the country over the past 25+ years. The numbers tell the truth only 30% of the eligible voters actually show up to vote, they do not include you, “you were sleeping”. I do not profess to understand what has your undivided attention, or why you just plain don’t care about things political. I do not know where you last left off but please pay attention, if you continue to ignore this mess it will not end well for you.
8th “We the people have spent 12 trillion on the “Great Society” and the “War on Poverty” and the percentage of poor is now 15.1 not the 14 % we started with 50 + years ago. Remember the phrase “end welfare as we know it” …. Whoever said it…. Lied. Oh one more thing there are 47 million people on food stamps, yes this the most in history, and not sustainable.
These things one by one do not appear so bad but collectively they are very ugly, you are not immune from the collective ugly. You have been warned, I do not want to hear you crying “we must do something, this is really bad” when the ugly is standing on your
Report Post »majorsco
Posted on December 12, 2011 at 6:43pmIf these are the numbers that come from the left leaning Politico, what are the real numbers? Twice or three times that?
Report Post »Master of Dead Puppets 61
Posted on December 12, 2011 at 6:40pmThe most important election in this country’s short history . The last three years knowing he would have to run again and look what has happened . Four more years as a lame _ uck president and no election will ever fix what’s left of this country . Win or loose this November be ready with the 4 G’S
Report Post »Guns, God , Gold , Goods
brntout
Posted on December 12, 2011 at 7:39pmBeen honered to pull 10 plus g’s. Are you kidding me ? gonna be be boy. Done
Report Post »SheckyBoBo
Posted on December 12, 2011 at 6:37pmHow much has the debt increased for every round of golf he’s had on my (our) tab? Someone help me with the math…# rounds of golf * 48994*60*60*4hours per round.
I figure $704,513,600 * number of golf rounds.
Report Post »drphil69
Posted on December 12, 2011 at 6:33pmWhy would anyone dismiss these numbers as coming from a conservative group? They are publicly available and easily checked, and the math is so simple a fifth grader could do it!
Want to really piss off a lib? Show them the ratings for cable news – FoxNews always at least doubles any other network. Most of them are astonished… they can’t believe that they are the ones out of the mainstream.
Report Post »KevINtampa
Posted on December 12, 2011 at 6:41pmWake Up.
Fox News is the propaganda machine for the progressively RIGHT.
MSNBC is the propaganda machine for the progressively LEFT.
CNN is the propaganda machine for the progressively UNDECIDED.
All of them are progressively PROGRESSIVE.
Why do you think Newt and Romney are the “only one’s who have a chance at beating Obama”?
Answer:
Report Post »“FoxNews always at least doubles any other network.”
smackdown33
Posted on December 12, 2011 at 7:05pmKevin, you are spot on.
Report Post »KevINtampa
Posted on December 12, 2011 at 6:29pm[paragraph align=left]
[font=bs]
[progress] What’s the big deal? It‘s not like we’re going to have to pay it back…
This is why we propagate the species and have children. And, if we raise them just right, they’ll do like we did, and what our parents did, and pass the buck to their kids so even they don’t have to pay the piper! I love socialist economics! All of this debt that we never gotta pay!
I mean, how could this debt cycle ever go wrong? This is America, and we’ll always be fine when we pass the buck, kick the can down the road, or ignore the big, fat, and largely over paid for elephant in the room. [/progress]
[paragraph align=justified]
Report Post »[font=truth]
[reality]Aw, crap. There’s no way this ends well.[/reality]
smackdown33
Posted on December 12, 2011 at 6:36pmSlugs, non-producers, have been living on the credit card. That bill will come due, but it will come in the form of recession, depression, or collapse. It will force us back to a lead standard.
Report Post »recoveringneocon
Posted on December 12, 2011 at 6:19pmRemember Folks, Spending Bill come from the House. The House it run by Republicians.
Report Post »KevINtampa
Posted on December 12, 2011 at 6:33pmWho’s responsible for a budget? Wait, we don’t have one of those… obviously.
Sigh…
http://digitaldaily.allthingsd.com/files/2010/02/double-facepalm.jpg
Report Post »marion
Posted on December 12, 2011 at 6:35pmWhich means absolutely NOTHING if the Senate does nothing with them. There is also supposed to be a budget that hasn’t been submitted or passed in how many months now? Check out the 27 or more bills which would create jobs that have been stopped in the Senate (controlled by Democrats) and I will show you spending bills that are like calling a dog with no legs, it really doesn’t matter, he won’t come anyway. Since none of the spending bills (sic) from the House of Representatives (controlled by Republicans) haven’t been passed, not only are we unable to have stability into the future for businesses to plan for the future, revenues from those bills isn’t being raised either, but then again, that’s exactly what the Democrats and the White House want to happen, and then the mainstream media plays right into their hand by not reporting all the bills to create jobs sitting in the Senate.
Report Post »Exrepublisheep
Posted on December 12, 2011 at 6:36pmUh oh, no truth telling here…you’ll get called a troll.
Report Post »progressiveslayer
Posted on December 12, 2011 at 6:37pmIn the first two years of the Marxist’s reign the dems were in total control,house and senate and did a great deal of damage.
Report Post »recoveringneocon
Posted on December 12, 2011 at 8:41pmHow many days was the government shut down? What was the budget cuts? Would someone please tell be the difference between the 2 parties?
Report Post »sbleve
Posted on December 13, 2011 at 9:57amRight you are. But the 112th House has submitted a budget proposal, remember? The Senate has not even considered one for the past one and a half congressional sessions. The House Speaker is protecting his big government roots. Any politician has the ability to flip flop, if there is some gold involved. Greed is not single source of current rich people. Greed is a component of all humans. The king of all lust. Our President has not operated within a Budget. And he will never have to be a leader. “I want my fair share, you pay more” is raw greed.
Even the Greek in the street citizens are greedy sobe’s- they say cut those other guys, do not cut my entitlement. To these a free job means government provided. Greece has achieved that what we have not, as of yet, total transformation into a permanent serfdom leveraged by redistribution.
The House and Senate of 2008 passed a naked raw greed providing no oversight bill, bailout, of Too Big to fail banks. Why no oversight? Because the then King did not ask for oversight? Did the King hold a gun to the head of those greedy House majority members? That bill was typical of the monumental incompetence of professional politicians. If We the People had the ability -law that allowed suing the person (not the government) for damages of their incompetence by not protecting my investment (government tax-debt), these things would end in a short time. Incompetence is the manager-creator of $15 trillion debt.
Report Post »Seymour
Posted on December 12, 2011 at 6:14pmI just read where Glen Beck would encourage a Ron Paul run as a third party independent if Newt Gingrich is our lawful candidate? Any discussion about a third party and/or any discussion about not shoring up our ranks that attempts to hand another term to Obama once a candidate has been chosen will be dropped like a bad habit. So, what happened between Beck and Breitbart? Thus far my remarks here are nothing more than hearsay but should they be confirmed then I will know that Messer’s Beck and Breitbart are more concerned about their own perceived power than about this Nation but again, I defer until I can confirm. A man’s ego is the most dangerous enemy of all and if this is true, we have just handed Obama his second term. We have truly found the enemy….and that enemy is us.
Report Post »Restored One
Posted on December 12, 2011 at 6:34pmTrump said today on the View that if the canidate that he will soon endorse does not get the nomination, that he WILL RUN as an Independant. Sounds like somone may have offered him the VP position.
Report Post »progressiveslayer
Posted on December 12, 2011 at 6:34pmAny mention of Paul running as a third party has most people freaking out,conventional wisdom says if he does it the Marxist in chief gets four more years to assault our constitution. I’m not so sure that would happen,I believe Paul is the only candidate that would slash the budget if the RINOS in the house and senate go along with it,highly doubtful.
Some people don‘t like Paul’s foreign policy with regards to Israel,but Israel has nukes and for their survival will use them.Getting our troops out of countries where the war is over and we won is a radical idea I know but should be done none the less.
Report Post »tbl10
Posted on December 12, 2011 at 6:51pmSo if you were given the choice to decide with the percentage of them destroying the country, who would you choose?
A.) Barrack Obama 100% percent destruction
B.) Newt Gingrich 80% percent destruction with it eventually leading to 100%
C.) Someone else with a 50/50 chance of saving it.
I sir will take option C and have a clear conscious knowing that I didn’t aid in the destruction of the country.
Report Post »Restored One
Posted on December 12, 2011 at 6:52pmI stand corrected, I watched it again and he said if the nomination goes to someone Trump “disagrees” with he WILL run as an Independant. I still say that someone has offered him a VP seat.
Report Post »progressiveslayer
Posted on December 12, 2011 at 6:13pmThe Marxist in chief is only doing what he promised,‘the fundamental transformation of America’ ie collapse our economy by design and create his Marxist utopia,two classes,uber rich and the poor.
Report Post »Free2speakRN
Posted on December 12, 2011 at 6:09pmThat all?
Report Post »zoro51
Posted on December 12, 2011 at 6:07pmthis DAMN SOCIALIST is HELL bent on raping america forcing SOCIALISTIC values ON america FIRE OBAMA NOW SAVE AMERICA this nation has HIT the toilet wiht this DAMN SOCIALIST EVITA OBAMA TAX N SPEECH he needs to be removed in 2012 NOW DO IT
Report Post »mad_hatter_
Posted on December 12, 2011 at 6:03pmHere is the long awaited case study on how the stimulus has failed: http://www.thedailycandidate.com/video/2011/dec/obama_stimulus_failed.html
If this is true, we are really in trouble if they want to do another one.
Buck Shane
Posted on December 12, 2011 at 6:50pm***Alert***
Report Post »mad_hatter_ is one of Mitt’s minions. He is a politician. Don’t trust anything he says – do your own research.
He uses other names, too. Watch out.
CatB
Posted on December 12, 2011 at 6:02pmObama is doing ONE H of a job! Yes H on Earth is coming .. and Obama is the evil overlord.
Report Post »brntout
Posted on December 12, 2011 at 7:28pm@CATB really I am having a hard time with the pic. What is that creature?
Report Post »Goldsteinbergman
Posted on December 12, 2011 at 6:02pmGosh, that is terrible.
Report Post »tbl10
Posted on December 12, 2011 at 5:59pmI hate to say this, we are all screwed doesn’t matter who wins the next election. This house of cards will come crashing down very soon. They can’t agree on 100 billion in cuts does anyone ever think they will come to an agreement to reduce 15 trillion and growing in debt. Everyone with a shred of common sense should prepare for the worst and hope for the best.
Report Post »ChiefGeorge
Posted on December 12, 2011 at 6:03pmIt will come to an end and sooner rather than later. He wants to crash the entire system so HE can rebuild it in his own image. The EU is tottering and warning bells are going off all over the place and even our very own top ranking US General warned about the breakup of the EU and what it will mean to us at home. We are in big trouble and this will touch every American. Bank run in Latvia anyone?
Report Post »Countrygirl1362
Posted on December 12, 2011 at 6:06pmCan someone please stop the world and let me off.
Report Post »MrButcher
Posted on December 12, 2011 at 6:13pmVery true.
Report Post »MODEL82A1
Posted on December 12, 2011 at 6:19pmCOUNTRYGIRL, No problem. 1) Insert muzzle into mouth 2) Squeeze trigger.
Report Post »Outlaw_Josey_Wales
Posted on December 12, 2011 at 6:21pm@TBL10
Report Post »The national debt will hit critical mass before the $20 trillion mark, then the world economy will go up in smoke in one big mushroom cloud.
hallkbrdz
Posted on December 12, 2011 at 6:25pmI agree…. Jane – Stop this crazy thing!!!
Report Post »