Let’s take a look at the following numbers. It’s simple to understand.
At the time this piece was written the U.S. National Debt was $16,073,231,173,000.00 (roughly). By the way that’s trillion. The debt owed by each U.S. citizen is $51,110.00 (314,495,300 citizens). The debt owed by each taxpaying U.S. citizen is $140,453.00 (114,437,663 citizens).
The U.S. Gross Domestic Product is $15,394,598,670,000.00 (roughly).
Our debt is now more than our total domestic product.
Need we say more? Do you believe it’s time to right this sinking ship? Choose wisely come November!
Yes, we do need to say more. Under George W. Bush the deficit doubled to the sum of 5.07 trillion to Obama's 1.44 trillion. But don't forget that Obama inherited 1.3 trillion from Bush. Please google "Obama's and Bush's effect on the deficit". The bible says, "My people perish from a lack of knowledge. (Hosea 4:6)
The 1.3 trillon dollars you are referring to only applies to one of the four years Obama has been president. The president has added roughly 6 trillon dollars to the deficit. This is coming from a man who promised to cut the deficit in half in his first term. No hope...No Change..
09/09/14 at 09:46 AM
I know I am commenting on an old story but it is still a very real problem. I don't think people even realize what a (one) trillion is. If it were broken down into time increments, (lets say seconds) a million seconds would be 12 days (not that bad) a billion seconds would be 32 years (considerably worse) a trillion seconds would be 32,000 years (can't even fathom) just for a little perspective. For the person quoting the Bible it also says in Proverbs 24;21 My son, fear thou the LORD and the king: and meddle not with them that are given to change. And we all know who has been screaming change for the past six years. I'm just saying...