Miracle Worker: Obama Matches 214 Years Worth of US Debt in Less Than 24 Months

Miracle Worker: Obama Matches 214 Years Worth of US Debt in Less Than 24 Months

By Doug Powers  •  October 18, 2010 10:45 PM

**Written by Doug Powers

President Obama, assisted by his willing accomplices in Congress who have helped swipe the national credit card like giddy teenage girls at the mall with daddy’s Visa, have made history.

From CNS News:

It’s official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.

Republicans are far from removed from guilt when it comes to debt accumulation over the decades, but one thing’s for certain: The GOP’s Slurpees and lattes over the years have cost far less than Obama’s alleged attempt to get the car out of the ditch.

Fortunately the country has a lot to show for this new debt (I’m selling long on sarcasm and short on Hope & Change, in case that isn’t obvious).

**Written by Doug Powers

Twitter @ThePowersThatBe

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