Obama Increases Nat. Debt $64,000 Per Taxpayer

Discussion in 'Politics & Religion' started by pspr, Jul 12, 2012.

  1. pspr

    pspr

    At the close of business on Jan. 20, 2009, according to the U.S. Treasury, the total debt of the federal government was $10,626,877,048,913.08. By the close of business on July 10, 2012, that debt had climbed to $15,885,854,755,351.47—an increase of $5,258,977,706,438.39.

    In “Statistics of Income—2009 Individual Income Tax Returns,” which was published this year and is the Internal Revenue Service’s most recent statistical report on individual income tax data, the IRS reported that there were 81,890,189 tax returns filed in 2009 that reported taxable income.

    If each of these 81,890,189 federal taxpayers were given responsibility for paying off an equal share of the new federal debt added since Obama was inaugurated, they would each need to pay about $64,219.88.


    http://cnsnews.com/news/article/64000-question-how-much-has-debt-increased-taxpayer-under-obama

    I know some of you are going to say much of this debt is the result of programs already in place before O became president. But, what has he done to solve the issues with those programs? The answer is NOTHING! It's like he intends to bankrupt America.

    Tax the rich, you say? Obama's tax plan would pay for approximately 8 days of government operations. We need government to STOP THE SPENDING.