{"id":3608,"date":"2010-10-19T09:55:05","date_gmt":"2010-10-19T13:55:05","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=3608"},"modified":"2010-10-19T12:53:22","modified_gmt":"2010-10-19T16:53:22","slug":"big-spender-obama-has-now-borrowed-3-trillion","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2010\/10\/19\/big-spender-obama-has-now-borrowed-3-trillion\/","title":{"rendered":"Big Spender: Obama Has Now Borrowed $3 Trillion"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.cnsnews.com\/news\/article\/it-s-official-obama-has-now-borrowed-3-t\" target=\"_blank\">CNSNews.com<\/a>:<\/p>\n<blockquote><p>It&#8217;s official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.<\/p>\n<p>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 <a href=\"http:\/\/www.treasurydirect.gov\/govt\/reports\/pd\/histdebt\/histdebt_histo4.htm\">$3 trillion in debt<\/a>,  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 <em>add<\/em> <a href=\"http:\/\/www.treasurydirect.gov\/NP\/BPDLogin?application=np\">$3 trillion<\/a> to the federal debt.<\/p>\n<p>The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.<\/p><\/blockquote>\n<p>Republicans are far from blameless here; they&#8217;ve done more than their fair share of debt accumulation over the years. One things certain though, they&#8217;re pikers compared Barack Obama, Nancy Pelosi, Harry Reid and the rest of the Democrats who currently control Washington&#8230; these clowns have done in twenty months what it took previous Democrat and Republican administrations 214 years, from 1776 to 1990, to do.<\/p>\n<p>At this rate Barack Obama is going to drive the car out of the ditch and right off a cliff!<\/p>\n<p>H\/T: <a href=\"http:\/\/michellemalkin.com\/2010\/10\/18\/miracle-worker\/\" target=\"_blank\">Doug Powers<\/a>.<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702304410504575559972460199304.html\" target=\"_blank\">How the Fed Is Holding Back Recovery<\/a> &#8211; David Malpass, Wall Street Journal (Subscription Required)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>From CNSNews.com: It&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26,7],"tags":[57,160,59,1363,161,131,933],"class_list":["post-3608","post","type-post","status-publish","format-standard","category-economy","category-politics","tag-barack-obama","tag-congress","tag-democrats","tag-economy","tag-harry-reid","tag-nancy-pelosi","tag-national-debt","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-Wc","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3627,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/10\/26\/hey-big-spender-pelosi-led-congress-has-added-5-trillion-to-debt-since-2007\/","url_meta":{"origin":3608,"position":0},"title":"Hey Big Spender: Pelosi Led Congress Has Added $5 Trillion to Debt Since 2007","author":"Jeff","date":"October 26, 2010","format":false,"excerpt":"From CNSNews.com: When Rep. Nancy Pelosi (D-Calif.)\u00a0gave her inaugural address as speaker of the House in 2007, she vowed there would be \u201cno new deficit spending.\u201d Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department. \"After years of historic deficits, this 110th\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3064,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/12\/16\/good-news-national-debt-already-tops-debt-limit\/","url_meta":{"origin":3608,"position":1},"title":"Good News: National Debt Already Tops Debt Limit","author":"Jeff","date":"December 16, 2009","format":false,"excerpt":"From CBS News: The latest calculation of the National Debt as posted by the Treasury Department has - at least numerically - exceeded the statutory Debt Limit approved by Congress last February as part of the Recovery Act stimulus bill. The ceiling was set at $12.104 trillion dollars. The latest\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2196,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/05\/15\/barack-obama-us-long-term-debt-load-unsustainable\/","url_meta":{"origin":3608,"position":2},"title":"Barack Obama: U.S. Long-Term Debt Load &#8216;Unsustainable&#8217;","author":"Jeff","date":"May 15, 2009","format":false,"excerpt":"From Bloomberg News: May 14 (Bloomberg) -- President Barack Obama, calling current deficit spending \u201cunsustainable,\u201d warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries. \u201cWe can\u2019t keep on just borrowing from China,\u201d Obama said at a town-hall meeting in Rio\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2091,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/27\/tarp-price-tag-could-reach-29-trillion\/","url_meta":{"origin":3608,"position":3},"title":"TARP Price Tag Could Reach $2.9 Trillion?","author":"Jeff","date":"April 27, 2009","format":false,"excerpt":"CNSNews has a rather frightening report on the Special Inspector General for the Troubled Asset Relief Program's report to congress. In short the report says that although Congress limited the Treasury Dept. to spending only $700 billion on TARP\u00a0 the program's partnerships with the Federal Reserve and the Federal Deposit\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1853,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/01\/holy-crap-128-trillion-spent-lent-or-committed\/","url_meta":{"origin":3608,"position":4},"title":"Holy Crap: $12.8 Trillion Spent, Lent or Committed???","author":"Jeff","date":"April 1, 2009","format":false,"excerpt":"From Bloomberg News: March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. New pledges from the Fed, the Treasury\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1525,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/15\/federal-obligations-exceed-world-gdp\/","url_meta":{"origin":3608,"position":5},"title":"Federal Obligations Exceed World GDP???","author":"Jeff","date":"February 15, 2009","format":false,"excerpt":"I tend to be skeptical of articles like this one from World Net Daily: Federal obligations exceed world GDP Does $65.5 trillion terrify anyone yet? By Jerome R. Corsi, February 13, 2009, WorldNetDaily As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3608"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}