Easy To Understand Tripling Of American Public Debt In 10 Years

Reading comprehension can be difficult for some.  So in the name of delivering a point with clarity, let’s check out The Heritage Foundation’s latest visual on Obama’s Tripling of the National Debt in Pictures.

The public national debt–$5.8 trillion as of 2008–is projected to double by 2012 and nearly triple by 2019. 

Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined.

Somehow, that does not seem as a laudable accomplishment any president would want.  The graph drives the point home easily.

foundry_public_debt_update
“Obama’s budget, your debt.  President Obama’s budget will nearly double the amount of publicly held debt by 2019.  Publicly national debt, adjusted for inflation.  Obama’s budget: 2009 $7.9 trillion, 2010 $9.4 trillion, and 2019 $14.2 trillion.  Sources: Council of Economic Advisers, economic Report of the President, and the U.S. Office of Management and budget, Budget of the United States.  “
Image courtesy of  http://blog.heritage.org/2009/08/28/obama%E2%80%99s-tripling-of-the-national-debt-in-pictures/.

It is no wonder then how this Freaking News artist came up with this Photoshop rendition of politics at the White House of these days.


“The Audacity of Hype.  Bailous.  Aliens.  Health.  War.  Obama.  Circus Entrance.” 
Image courtesy of The audacity of hype picture by HoHouse of the Republicans 
for
News in Pictures August 10 – 16 photoshop strange pictures contest via http://www.freakingnews.com/News-in-Pictures-August-10-16-Pictures–2554.asp.

Hat tip, Nice Deb.

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