TODAY IS
Latest topics
LIVE TRAFFIC FEED
BARACK OBAMA SET ANOTHER RECORD THIS MONTH
END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN :: CHRISTIANS FOR YESHUA (JESUS) :: RECESSION, ECONOMIC CRISIS, FINANCIAL MELTDOWNS, MONEY WOES
Page 1 of 1
BARACK OBAMA SET ANOTHER RECORD THIS MONTH
He’s Simply the Worst… Obama Achieves Record 4 Years of Trillion Dollar Deficits
Posted by Jim Hoft on Monday, August 19, 2013, 7:53 AM
How does he do it
Barack Obama set another record this month.
He is the only president, EVER, to have four straight years of trillion dollar deficits.
obama record deficits august
Joe Hoft Chart
For some reason the mainstream media won’t show you this chart.
Barack is simply the worst ever.
No one has ever come close to these numbers – Ever!
CNS News reported:
The Congressional Budget Office last week released updated historical budget data for the federal government, reporting a deficit of $1.087 trillion in fiscal 2012.
2012 marked the fourth straight year—and the only four years in the history of the nation–when the federal government’s deficit topped $1 trillion.
Last year’s $1.087 trillion deficit was even greater in inflation-adjusted dollars than the peak World War II deficit of fiscal 1943—which was $54.554 billion in 1943 dollars and $723.8714 billion in 2012 dollars, according to the Bureau of Labor Statistics online inflation calculator.
The deficit has also remained at a higher percentage of GDP over the last four years than at any time since the conclusion of World War II (which ended during fiscal 1946, which began in June 1945).
In February, the CBO had initially calculated that the deficit for fiscal 2012, which ended on Sept. 30, 2012, had been $10894 trillion. That was based on an estimation that the federal government had taken in $2.4491 trillion in taxes during the year and spent $3,5385 trillion.
- See more at: http://www.thegatewaypundit.com/2013/08/hes-simply-the-worst-obama-lands-record-4-years-of-trillion-dollar-deficits/?ModPagespeed=noscript#sthash.9zQfWxhg.dpuf
Posted by Jim Hoft on Monday, August 19, 2013, 7:53 AM
How does he do it
Barack Obama set another record this month.
He is the only president, EVER, to have four straight years of trillion dollar deficits.
obama record deficits august
Joe Hoft Chart
For some reason the mainstream media won’t show you this chart.
Barack is simply the worst ever.
No one has ever come close to these numbers – Ever!
CNS News reported:
The Congressional Budget Office last week released updated historical budget data for the federal government, reporting a deficit of $1.087 trillion in fiscal 2012.
2012 marked the fourth straight year—and the only four years in the history of the nation–when the federal government’s deficit topped $1 trillion.
Last year’s $1.087 trillion deficit was even greater in inflation-adjusted dollars than the peak World War II deficit of fiscal 1943—which was $54.554 billion in 1943 dollars and $723.8714 billion in 2012 dollars, according to the Bureau of Labor Statistics online inflation calculator.
The deficit has also remained at a higher percentage of GDP over the last four years than at any time since the conclusion of World War II (which ended during fiscal 1946, which began in June 1945).
In February, the CBO had initially calculated that the deficit for fiscal 2012, which ended on Sept. 30, 2012, had been $10894 trillion. That was based on an estimation that the federal government had taken in $2.4491 trillion in taxes during the year and spent $3,5385 trillion.
- See more at: http://www.thegatewaypundit.com/2013/08/hes-simply-the-worst-obama-lands-record-4-years-of-trillion-dollar-deficits/?ModPagespeed=noscript#sthash.9zQfWxhg.dpuf
Guest- Guest
Similar topics
» TO TELL THE TRUTH - "BOTH OBAMA AND HILLARY SHOULD BE TRIED FOR TREASON" - FOUR STAR ADMIRAL ACCUSES BARACK HUSSEIN OBAMA
» TOTAL US DEBT RISES OVER $18 TRILLION. UP 70% UNDER BARACK OBAMA
» THINK ABOUT IT - YES WE CAN MY OBAMA MEMORIES WILL LIVE ON FOR AT LEAST A MONTH
» IS BARACK OBAMA ACTUALLY TRYING TO START WORLD WAR III?
» THE NEXT NEWS NETWORK - ONLY 1 MONTH AS HUD SEC., CARSON UNCOVERS MASSIVE OBAMA-ERA FAILURE
» TOTAL US DEBT RISES OVER $18 TRILLION. UP 70% UNDER BARACK OBAMA
» THINK ABOUT IT - YES WE CAN MY OBAMA MEMORIES WILL LIVE ON FOR AT LEAST A MONTH
» IS BARACK OBAMA ACTUALLY TRYING TO START WORLD WAR III?
» THE NEXT NEWS NETWORK - ONLY 1 MONTH AS HUD SEC., CARSON UNCOVERS MASSIVE OBAMA-ERA FAILURE
END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN :: CHRISTIANS FOR YESHUA (JESUS) :: RECESSION, ECONOMIC CRISIS, FINANCIAL MELTDOWNS, MONEY WOES
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sun 29 Aug 2021, 22:15 by Jude