Finance
Obamas Credit Card Debt Statement
Written by Tyler Shears on June 17, 2009 11:20 am EST
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Sick of hearing about our national debt being higher than ever, and not understanding how?
Take a look at how President Obama has been using tax payer dollars since coming into office. We believe the best way to illustrate this is a statement from the Federal Reserve indicating the amount of credit card debt (national debt) we have generated in just the past 6 months.
Be sure to note that we are less than 10% away from our maximum allowed national debt, and we just gave $2 Trillion to Banks and Wall Street…
(Click image below to view full size image)
The Breakdown
- Opening Balance - $9.283 Trillion
- Closing Balance - $11.383 Trillion
- Credit Limit - $12.104 Trillion
- Credit Remaining - $721 Billion
Expenses Added to National “Credit Card” Debt
- Investing in Preventative Health Care - $4.1B
- Investing in New Science & Technology - $16B
- Modernizing Schools for Children - $21B
- Failing to Help America’s Auto Industry - $25B
- Creating Alternative Energies - $54B
- Building New Roads & Infrastructure - $90B
- Bailing out the Banks & Wall Street - $2 Trillion!
If you’re interested in solving your own credit card debt issues, or you’d like to learn more about how your tax payer dollars are being used, please leave a comment below or contact me directly!
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June 19th, 2009 at 10:58 pm
Let’s all light a candle for a one term wonder. Imagine in 3 1/2 years what it will look like. When Obama was constantly “Change,Change Change” I didn’t realize he was asking for spare change. He’s nailing a coffin shut on free enterprise and get ready for the U.S.S.A. United Socialist States of America.
Stop bailing and bring our boys home. Just the million paychecks of our deployed servicemen will do more than these stupid stimulus checks.