- Posted January 14, 2012 by
This iReport is part of an assignment:
Election 2012: Your stories
Obama's 6 trillion in debt was enough to create 30 million jobs or pay 30 million houses.
Obama's administration ad to a debt and average 100 billion dollars per month without any success in economic growth and job creation.
The US private sector can easily create 1 Job for $200,000, with 100 billion dollars 500,000 Jobs can be created or 500,000 American families will full pay a private house for $200,000 every month.
President Obama is expected to have a record 6 trillion dollars in deficit.
The 6 trillion dollars can create 30 million jobs in America or pay 30 million mortgages of $200,000 each.
Not mentioning that 6 trillion dollars will make America an Energy independent country, We have the world's largest energy resources.
Now President Obama is trying to have another 4 years in Job training by manipulating the facts and using the ponzi scheme tactics.
US President Barack Obama has asked the Congress to raise the debt ceiling by 1.2 trillion dollars.
The US reached the15.194 trillion dollars debt limit on January 4.
The ponzi scheme organizers often solicit new investors by promising and promising huge returns. Obama's "Yes We Can" was a ponzi scheme.
By the end of his 4 years in office President Obama will leave American taxpayers 6 trillion dollars in debt. With nothing to show in return.
President Obama claims job creation, economic growth etc... This is absolutely not true.
Does President Obama who increased the debt, increased the deficit, lowered the nations credit rating, increases foreclosures, increases the number of people on food stamps, devalues the dollar, started more wars, and divided the nation along racial and economic lines deserve a second term?. No Way, No Way, No Way.
President Obama's solution is a tax scheme where the government takes money from some people in order to give it away to others, until a collective bankruptcy.
President Obama has demonstrates an inate inability to accept any responsibility.
The Office of Management and Budget forecasts that, by the end of fiscal year 2012, gross federal debt will total $16.3 trillion
In 2009 The Gross Domestic Product (GDP) in the United States was $14014.8 billion dollars and US Federal Deficit $1412.69 billion dollars
GDP in 2010 was $14623.9 billion dollars and US Federal Deficit was $1555.58 billion dollars
GDP in 2011 was 15079.6 billion dollars US Federal Deficit 1266.68 billion dollars
Estimated GDP in 2012 16203.3 estimated US Federal Deficit 828.45 billion dollars.
The debt was $10.626 trillion on the day president Obama took office. The latest calculation from Treasury shows the debt has now hit $15.23 trillion.
The debt per taxpayer is $135,000.00 dollars.
US Federal Deficit under Obama's administration will accelerate near 6 trillion dollars by the end of 2012.
America desperately needs leadership. We desperately need a plan.
President Obama who is supposed to be seeking to rally the nation behind a common cause
is instead offering demagogic partisan speeches, the rhetoric of class warfare and punishing success.
President and CEO