The New Bionic Man

1974-1978 America had a bionic superhero called The Six Million Dollar Man or the Bionic Man. Astronaut Steve Austin was in a terrible crash that required major reconstructive surgery. The government gave Steve a mechanical arm, eye and two legs that made him almost invincible to the bad guys.

Today we have a new bionic man called the five trillion dollar man.

The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56

By Terence P. Jeffrey

April 18, 2012

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President Obama shakes hands with Treasury Secretary Timothy Geithner at the State of the Union Address, Jan. 25, 2012. (AP Photo)

(CNSNews.com)- In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. (Now that is impressive, wouldn't you say?)

Although he has served less than a term, Obama is now the first American president to see the federal government's debt increase by more than $5 trillion during his time in office.

During the full eight years that George W. Bush served as president, the federal government's debt increased by $4,899,100,310,608.44. (Rising from $5,727,776,738,304.64 to $10,626,877,048,913.08.) (Not bad for second place, huh?)

The $5,027,761,476,484.56 that the debt has increased during Obama's presidency equals $16,043.39 for every one of the 313,385,295 people the Census Bureau now estimates live in the United States. (Better roll up the pennies that you and your children and your grand children have been saving cause someone has to pay down that debt)

At the close of business on Jan. 20, 2009, the day Obama was inaugurated, the federal government’s debt was $10,626,877,048,913.08, according to the U.S. Treasury. By the close of business on April 16, 2012—as many Americans were working to finalize their 2011 tax returns to meet an April 17 filing deadline—the debt had reached $15,654,638,525,397.64.

The $5,027,761,476,484.56 in additional debt that the U.S. government has taken on during the 39 months that Obama has been president is more debt than the federal government accumulated in the first 219 years of the Republic. (Another fine accomplishment. Makes me feel patriotic.)

The total federal debt did not exceed $5,027,761,476,484.56 until March 14, 1996, when President Bill Clinton was in the last year of his first term in office. On that day, the national debt rose from $5,025,887,531,178.79 to 5,035,165,720,616.33.

Hey the one thing that you can say about Obama is that he probably hasn't met a dollar yet that he hasn't spent.

Some one should sign the President, Congress, and the House of Representatives up for debt counselling. Maybe they could all go to Hawaii for the conference.

I can see it now. Hello my name is President Obama and I, I-uh, uh, I-uh, I think that I might have a problem with debt. Call right now Mr. President councillors are waiting. Free, free, free.


Leon, for responsible government and tuna fish sandwiches

I am not a paid spokesperson for a debt free America although I should be.

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