Obama’s Now Borrowed More Than All Presidents from Washington to W

The federal government has now borrowed more money during Barack Obama’s time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.

At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.

That means the debt has increased $5,696,206,400,691.90 during Obama’s presidency.

On July 2, 2001, more than five months after President George W. Bush entered office, the national debt was $5,693,220,327,798.14, according to the Treasury. By the close of business on July 3, 2001, it had risen to 5,698,195,769,465.40. Since then, the debt has never again dropped below $5,696,206,400,691.90—the amount it has increased in less than one full term of Obama.

(Between late 1999 and the middle of 2001, as federal revenues sometimes exceeded expenditures, the debt fluctuated back and forth over the $5.696 trillion mark–only to finally pass that threshold, without retrenching, between July 2 and 3, 2001.)

Read more here.

Advertisements

Rush: Make me co-Person of Year with Fluke

Obama Casts Himself as Socialist Santa at Toy Factory

Ma Pelosi: Give King Obama Unlimited Power to Lift Debt Limit to Infinity

Obama Warns Congress: “I’ve Been Keeping My Own Naughty And Nice List”

“Joe Biden was in Costco and he wanted to buy some of this stuff, but I told him he had too much work to do. I wasn’t going to have him building roller coasters all day long. Now, of course, Santa delivers everywhere. I’ve been keeping my own naughty and nice list for Washington, so you should keep your eye on who gets some K’NEX this year. There are going to be some members of Congress who get them, and some who don’t,” President Obama said Friday at a rally where he pushed Congress to avoid the fiscal cliff.

Planned Parenthood mandates abortions

A third affiliate of the nation’s leading abortion provider, Planned Parenthood, is leaving the organization because of a demand that all local groups provide abortions starting no later than 2013.

“Planned Parenthood of South Central New York is the latest affiliate to become independent because it won’t comply with the rule,” Marjorie Dannenfesler, president of the Susan B. Anthony List, said in a statement today.

She cited an announcement from the affiliate itself.

“This mandate will no doubt result in an increase in revenue for Planned Parenthood as well as an increase in the more than 329,000 lives the abortion chain ends in one year. Does that sound like women’s health?”

Earlier, several affiliates of Planned Parenthood in Texas abandoned the national abortion leader.

The mandate was revealed in a series of reports, including one in The Daily Caller about two years ago.

The report said Planned Parenthood was standardizing all of its agencies, and that would include a requirement that every operation offer abortion services.

In fact, Lisa David, a senior vice president of health services support for Planned Parenthood, said then a new initiative would standardize services.

“From well-woman exams to lifesaving breast and cervical cancer screenings, more patients will now have access to the full range of Planned Parenthood services. To meet the needs of our patients, Planned Parenthood affiliates will now offer a unified set of core preventive services,” she said.

Read more here.