United States Debt Held by the Public was $12,619,319,113,193.99 on March 31st, 2014. This means the debt has more than doubled from Obama’s inauguration day on January 20, 2009. This happened in just 1,896 days.
Category: Business
business facts, facts about business
In less than 5 years, a major US stock market index called the S&P 500 Index tripled in value if the dividends were reinvested. This 200% gain is based on the closing low on March 9th, 2009.
Despite the massive increase in the federal government’s marketable debt during George Bush’s eight years, Obama has now managed to accumulate more additional marketable debt in his first five+ years in office than all the presidents who preceded combined. The debt held by the public has officially doubled under Obama.
Under the Affordable Care Act, the Feds will tax you if you don’t buy government approved health insurance. They will collect this and give it to private insurance companies. Yes, the IRS now collects taxes for corporations.
As of 2013, less than half of American adults have a full time job.