Obama collected more taxes than any other president in the history of the United States.
He also spent more. We lost ten trillion to debt under his stewardship.
Barack Obama has been president for 90 months and in that time frame, the U.S. Treasury collected nearly $20 trillion in taxes and the federal debt rose by almost half.
Here are the numbers from the Monthly Treasury Statements published at CNSnews.com:
Feb. 2009-Sept. 2009: $1,330,887,000,000
Fiscal 2010: $2,161,728,000,000
Fiscal 2011: $2,302,495,000,000
Fiscal 2012: $2,449,093,000,000
Fiscal 2013: $2,774,011,000,000
Fiscal 2014: $3,020,371,000,000
Fiscal 2015: $3,248,701,000,000
Oct. 2015- July 2016: $2,678,824,000,000
90 Month Total: $19,966,110,000,000
Taking into account the Bureau of Labor Statistics reports that 151,517,000 people were employed as of July this year, the Treasury collected approximately $131,775 per worker, according to the report. The debt incurred per worker equaled $58,051 over the entire Obama administration.
As the report notes, the Treasury’s monthly track record shows it will easily hit the $20 trillion mark before Obama leaves office, needing only $33.89 billion more.
Once again pResident Rainbow Golfcart is walking proof that any asshole can raise taxes and wreck things. How much talent does it take to do that??
It take brains, skill, sweat and team-work to actually build something! Something this out-of-touch, jug-eared, dog-eating, Lying-Denying, Bush-blaming, Deserter-honoring, stair-prancing, flexible, Gay-obsessed, ankle-grabbing-flexible, dope-smoking, arrogant, flaming, Communist-Organizing, Marxist Muzlim Mallard has never done in his entire lifetime!
He’s never so much as run a Hot Dog stand or paid an employee prior to becoming the single, biggest embarrASSment the United States has ever had!
So…. Where did it all go? Poof. Added 10+ Trillion to debt. Takes real talent to blow 30 Trillion in 7.5 years.
It all went to labor pensions and choom.
Most of it went towards modest vay-cay-cay’s for the First Moose.
Just think of how bad it would have been if there was no ROI for bailing out “too big to fail” companies with TARP.
*snicker*
Don’t forget he spent multi-trillions of tax dollars fixing, updating, repairing, rebuilding and polishing the physical infrastructure of the country that Hillary now wants to spend trillions more on!
Why in the world are we “forcing him out” of Office ?!
if this is so how can the 1% be doing so well?
the taxes came from somewhere and it wasn’t the 1% like obama promised.
I think the middle class just got their clocks cleaned by the rich and the poor.
too bad the middle class will be left holding the bag when the stock market crashes again and they all take the hit in their 401k’s.
but don’t worry uncle sugar will grab what’s left and give you an iou just like with social security.
Boy, Iran musta got a lot more money than what’s reported.
So he took in 20 trillion and spent 30 trillion. And it’s supposed to be the Republicans who are responsible for the national debt. Yeesh.