printBetween January 20, 2009 and September 3, 2012, the national debt increased by $5.4 trillion.
A comment from a clueless reporter at the Weekly Standard:“This is the first time in American history debt has eclipsed the $16 trillion mark.”
That’s a redundancy. The debt, in general, has been going up continuously for decades, not up and down, although it might have dipped at some point in the past.
So when BHO claims that he cut a few thousand dollars off the tax bills of middle class “ingrates,” the latter should factor in the “unseen.” “The debt has increased by $45,848 per household—or about 50 percent per household,” under Obama.
$136,260 for every household in the country, that is if every household were held liable for government debt. It isn’t.
Just as it carried Bush, the minority that pays the lion share of the taxes will shoulder the burden of Barack.
UPDATE (Sept. 5): “CNN Fact Check: About those 4.5 million jobs …”:
“…overall, there are still fewer people working now than when Obama took office at the height of the recession,” concede the ObamaHeads at CNN.
Anyone watching the Democratic National Convention on Tuesday night heard the number 4.5 million several times.
“Despite incredible odds and united Republican opposition, our president took action, and now we’ve seen 4.5 million new jobs,” San Antonio Mayor Julian Castro, the party’s keynote speaker, said.
Chicago Mayor Rahm Emanuel, who served as President Barack Obama’s chief of staff, and Massachusetts Gov. Deval Patrick, who followed Obama’s November rival Mitt Romney as governor of Massachusetts, both cited the same number.
It’s a big-sounding number, given the still-sputtering job market. So we’re giving it a close eyeballing.
The facts:
The number Castro cites is an accurate description of the growth of private-sector jobs since January 2010, when the long, steep slide in employment finally hit bottom. But while a total of 4.5 million jobs sounds great, it’s not the whole picture.