(CNSNews.com) - The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.The total federal debt first passed the $7-trillion mark on Jan. 15, 2004, after President George W. Bush had been in office almost three years.When President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. As of the close of business on July 30, 2014, it had risen to $17,618,599,653,160.19--up $6,991,722,604,247.11 from Obama’s first inauguration day.By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59—up $7,060,259,674,497.51 since Obama first inauguration day.As of June, there were 115,097,000 households in the United States, according to the U.S. Census Bureau. The $17,687,136,723,410.59 in debt the federal government had accumulated as of the end of July equaled $153,671.57 per household.The $7,060,259,674,497.51 in new debt that the federal government has taken on during Obama’s presidency equals $61,341.82 per household.The median household income in the United States in 2012 (the latest year estimated) was $51,017. Thus, President Obama has increased the federal debt by more than the typical household’s annual income.Read More plus See Graph and Video @http://m.cnsnews.com/news/article/terence-p-jeffrey/706025967449751-federal-debt-7t-under-obama

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  • The problem with your argument is that if the rate of U.S. citizens (with real job skills) who are renouncing their U.S. citizenship continues to increase at the current pace, the people who control the strings on the puppets won't have an economy.

    8116059876?profile=original

  • fubar-collapse the economy, create police state, open the borders and basically do whatever the nwo boys want

    • PET ROCK: accurate, but first they need to take away guns from U.S. citizens.  The 2nd Amendment comes after the 1st Amendment for a good reason: if government won't allow free speech, they'll have to deal with an armed population wanting to know why they can't have free speech.

      hook-(R)dees.jpg

  • Still , the US supports Israhell and their "chosen people"(false jews)  , with montary aid to slaughter palestinians in an already occupied area.

    Isn't it fascinating?

    The Printing presses are rolli'n on highest gear.

    Who benefits?

    Yes - Jewbankers

  • This isn't true.  Here's a paper about a study done by Princeton that demonstrates that the economy actually does better when there is a Democratic president:

    https://www.princeton.edu/~mwatson/papers/Presidents_Blinder_Watson...

    And here's more:

    http://www.factcheck.org/2013/10/obamas-numbers-october-update/

    http://www.snopes.com/politics/politicians/nationaldebt.asp

    http://www.politifact.com/truth-o-meter/statements/2013/jul/25/bara...

    http://www.politico.com/story/2014/02/budget-deficit-shrinks-103092...

    http://www.forbes.com/sites/rickungar/2013/02/27/the-best-kept-secr...

    http://www.businessinsider.com/deficit-to-gdp-falling-obama-chart-2...

    http://www.dailykos.com/story/2013/09/20/1240274/-10-things-John-Bo...

    http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smalles...

    I could go on, but I'm sure you and the others will swear up and down that the numbers aren't real.  That's it's a conspiracy to make Obama look good or some other nonsense.  If that happens, whatever.  Drop us a line when you're ready to join reality if that's the case.

    • RESEARCH SAYS STUDYING ECONOMICS TURNS YOU INTO A LIAR

      Ever hear the joke about the lying economist?

      No? Well, neither have I. But we might need to come up with one. 

      Such is the takeaway from a working paper released in January, which I stumbled on while browsing Professor Andres Marroquin's top studies of 2012. Written by a pair of researchers from universities in Montreal and Madrid, it examined whether the study of economics made students more apt to lie for financial gain. The answer: a resounding yes.


      Several past experiments have tried to test how people's personal beliefs and background influence their willingness to lie, and one, published in 2009, yielded results suggesting that economics students were more likely to fib than those in other disciplines. Raul Lopez-Perez and Eli Spiegelman -- both economists themselves -- wanted to find out if those findings would hold up in another lab setting ... and if they did, exactly why that might be the case. Were econ students over-internalizing the lessons of the dismal science, which teaches that human beings are supposed to act in their rational self interest? Or were dishonest young folks just more likely to sign up for econ classes in the first place?  

      To find out, Lopez-Perez and Spiegelman designed an experiment that gave its subjects every conceivable incentive to lie, and none to tell the truth -- unless, of course, they simply felt that was the moral thing to do. The test involved two participants, one we'll just call the "decision maker" and one we'll call "the other guy." Each decision maker sat in front of a computer screen that would flash either a blue or a green circle. They then had to send a message to the other guy informing them what color had appeared. If the decision maker reported that the circle was blue, he or she received 14 euros. If they reported that it was green, they received 15 euros. In other words, whenever a blue circle popped up, they were forced to choose between being honest or making an extra euro by claiming it was green. The researchers, however, did the best to make that choice simple. No matter what the decision maker reported, the other guy always received 10 euros and never got to learn what color actually showed up on screen. All of these rules were clearly laid out for both people in the experiment.  

      So, let's do a quick review. In this game it was always more profitable to report a green circle. There was no way for the decision maker to be generous and help the other guy get a better payday, so altruism shouldn't have been a factor. There was no way for the decision maker to get caught lying. And because the rules were transparent, the decision maker didn't even have to worry about whether the other guy might know they were lying. 

      Any purely rational, self-interested person would lie for the money. But people who had an emotional aversion to dishonesty might not. 

      The researchers ultimately ran their test on 258 students from various majors, including business, economics, the humanities, sciences, and law, among others. There was a clear gap: even though a large portion of students from every field lied, economics and business students lied much, more often than everybody else. As shown in the table below, just 22.8 percent of them honestly reported the colors of the flashing circles when it would have cost them that extra euro. More than half of humanities students, on the other hand, were honest. Same for law students, who appeared to play against type. (The percentages are the top number the G,B row. The sample includes 257 students, because one apparently didn't share their major information). 

      Economics_Business_Majors_Lying.PNG

      But did studying economics make students more rationally dishonest, or were rationally dishonest students just more likely to study econ? To try and get the answer, Lopez-Perez and Spiegelman whipped out a statistical technique known as an "instrumental variable" analysis that economists frequently use to prove causation. Once the math was done, they concluded simply: "Economists lie more in our study in part because they have learned to do so." 

      So there you have it: Given a harmless chance to make a quick euro by telling a white lie, budding economists and corporate executives were much more likely to do it than their peers. Classics and biology lovers, on the other hand, seemed more likely to tell the truth for its own sake. 

      To be sure, this is just one working paper, and it focuses on just a small sliver of the students who study economics in this world. It also doesn't really seem to imply that those people are less likely to bother with the complicated moral calculus required to balance truthfulness and self-interest in real life -- only that they seem to place less inherent weight on the value of honesty. 

      Still, next time a company whips out a too-good-to-be-true economic forecast from a paid consultant, remember that you've been warned. 

  • KRISHNA: the U.S. government is under control by organized crime elements related to offshore banks and shareholders of the Federal Reserve.  This "eye-popping" increase in the Federal government debt taking place is part of an organized crime scam being conducted by these criminals in which the market will be shorted by these criminals in the near future to get the most profit.

    U.S. entertainer Merv Griffin (who made a fortune with syndicated television programs, such as the game show "Jeopardy!") learned this the hard way when he hired former organized crime bosses in the casino business to run casinos he bought in Louisiana.  These organized criminals didn't make a profit with the casinos; they financially ruined the casinos instead and then shorted the stock of these casinos, making a huge profit. And that is exactly how these criminals will operate with the U.S. government; complaints about this will be met with name-calling of complainers being racist or anti-semetic. 

  • Left of America will be O BUM LAND and O BUM CARES as presidents new name
    • You're wrong Krishna. Actually the new name for the next U.S. president will be "Karl."

      marx_dees.jpg

  • Soon under Obama there want be any America left but a small portion called O BUM LAND
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