Wednesday, February 19, 2014

OBAMA BANKRUPTS AMERICA WHILE HIS CRONIES GET FILTHY RICH(ER)

WALL STREET LOOTS!
 
THE STAGGERING COST OF OBAMA’S CORPORATE WELFARE PROGRAM:
 
http://mexicanoccupation.blogspot.com/2014/02/the-staggering-cost-of-obamas-crony.html
 
 
LIKE HIS CRONY BANKSTERS, Tech CEOs literally got access to the Oval Office while the bill was being shaped, the New York Times reported in those heady early days of Hope and Change, while the CEOs’ lobbyists met down the hall with top economics aide Jason Furman.
 

+106%: Obama Has More Than Doubled Marketable U.S. Debt

February 18, 2014 - 1:37 PM
Barack Obama and John Boehner
President Barack Obama and House Speaker John Boehner golfing at Andrews Air Force Base on June 18, 2011. (AP Photo/Charles Dharapak)
 
(CNSNews.com) - The marketable debt of the U.S. government has more than doubled--climbing by 106 percent--while President Barack Obama has been in office, increasing from $5,749,916,000,000 at the end of January 2009 to $11,825,322,000,000 at the end of January 2014, according to the U.S. Treasury's latest Monthly Statement of the Public Debt.

During the eight-year presidency of George W. Bush, the marketable debt of the U.S. government almost doubled--climbing 93 percent--from $2,977,328,000,000 at the end of January 2001 to $5,749,916,000,000 at the end of January 2009.

During the time that Bush and Obama have been in office, the marketable debt of the U.S. government has nearly quadrupled, increasing by $8,847,994,000,000.


Chart of Marketable Debt

However, despite the massive increase in the government's marketable debt during Bush's eight years, Obama managed to accumulate more additional marketable debt in his first five years in office than all the presidents who preceded combined.

The marketable debt of the U.S. government includes all debt securities sold by the U.S. Treasury that can be held by individuals, corporations or other entities outside the U.S. government and that can be sold in the secondary market.

It does not include money the Treasury has borrowed out of government trust funds—such as the Social Security Trust Fund—to spend on other government expenses when those trust funds were running surpluses.

The marketable debt of the U.S. government now includes Treasury bills, which mature in 52 weeks or less; Treasury notes, which have maturities between 2 and 10 years; Treasury bonds, which mature in 30 years; Treasury Inflation-Protected Securities (TIPS), which have maturities of 5, 10 and 30 years; and Floating Rate Notes (FRNs), which are sold on 2-year terms.

At the end of January 2009, the month Obama took office, the marketable debt of the U.S. government was $5,749,916,000,000, according the Treasury's Monthly Statement of the Public Debt. This included $1,792,889,000,000 in Treasury bills held by the public; $2,825,174,000,000 in Treasury notes held by the public; $591,174,000,000 in Treasury bonds; and $516,209,000,000 in TIPS.
It also included $23,754,000,000 in marketable Treasury bills, notes, bonds, TIPS and Federal Financing Bank notes that, according to the Treasury, were held by federal agencies.
In addition to the $5,749,916,000,000 in marketable debt as of the end of January 2009, the Treasury also reported $4,882,164,000,000 in nonmarketable debt owed by the government at that time, including $4,291,027,000,000 in nonmarketable intragovernmental debt.

By the end of January 2014, the marketable debt of the U.S. government had increased to $11,825,322,000,000. This included $1,484,438,000,000 in Treasury bills held  by the public; $7,922,464,000,000 in Treasury notes held by the public; $1,421,110,000,000 in Treasury bonds held by the public; $959,058,000,000 in TIPS held by the public, and $15,000,000,000 in FRNs held by the public. There was also $23,252,000,000 in marketable debt held by government agencies.
In addition to the $11,825,322,000,000 in marketable debt as of the end of January 2014, the Treasury also reported $5,467,698,000,000 in nonmarketable debt, including $4,961,625,000,000 in nonmarketable intragovernmental debt.

From January 2009 to January 2014, the marketable debt of the U.S. government increased $6,075,406,000,000—or about 106%

The Federal Reserve is now the largest owner of the U.S. government’s marketable debt. As of Feb. 12, 2014, according to the Fed’s latest balance sheet, the Fed owned $2,261,099,000,000 in U.S. Treasury securities.

Entities in the People’s Republic of China are the second largest owners of the U.S. government’s marketable debt. As of the end of December, according to data released by the U.S. Treasury today, the Chinese owned $1,268,900,000,000 in U.S. Treasury securities—down from $1,316,700,000,000 at the end of November.

In January 2014, according to the Treasury, the U.S. paid an average interest rate of only 1.998 percent on its marketable debt. In January 2009, when Obama took office, the Treasury was paying an average interest rate of 3.116 percent on its marketable debt; and, in January 2001, when President George W. Bush took office, the Treasury was paying an average interest rate of 6.620 percent on its marketable debt.

That means that the average interest rate on the U.S. government's marketable debt is currently less than a third of what it was in 2001—when the U.S. had only $2,977,328,000,000 in marketable debt, or about 25 percent of the marketable debt it has now.

Also in January 2001, the Federal Reserve owned only $518,441,000,000 in U.S. Treasury securities, or about 23 percent of what it owns now.
The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.
 
 
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THE OBAMA YEARS – THE GOLDEN AGE OF BANKSTER LOOTING AND BANKSTER WELFARE…

INCEST! The case of bankster-owned Barack Obama and crony Jamie Dimon of JP MORGAN… their looting continues!


 
OBAMA’S CRONY BANKSTERS PARTY UP AND STILL GIVE THE AMERICAN PEOPLE THE MIDDLE FINGER

'Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.'



OBAMA’S AMNESTY HOAX TO LEGALIZE MEXICO’S LOOTING, DESTROY THE GOP WITH 40 MILLION NEW DEMS, AND KEEP WAGES FOR GREATER PROFITS FOR THE PAYMASTERS OF CORRUPT DEMS’

HERITAGE FOUNDATION: OBAMA’S AMNESTY WOULD ADD 100 MORE ILLEGALS AND COST AMERICANS (Legals) BILLIONS AND BILLIONS

the staggering cost of Mexico’s looting:

On fifth anniversary of Wall Street crash, Obama tries the Big Lie technique

17 September 2013
On Monday, US President Barack Obama marked the fifth anniversary of the Wall Street crash of September 15, 2008 with a White House speech that only underscored the unbridgeable chasm that separates the entire political establishment from the broad mass of working people.
http://mexicanoccupation.blogspot.com/2013/09/crony-capitalism-obama-celebrates-5.html
Forbes magazine reported that the wealth of the

400 richest Americans had climbed to $2 trillion, a

jump from $1.7 trillion in 2012.

Wealth of world’s billionaires doubles since 2009…under Obama Bankster donors’ profits AND crimes have soared. So has poverty for Americans (legals), foreclosures and the number of illegals that get our jobs and welfare! Almost 70% of all illegals receive some kind of welfare along with our jobs!

11 November 2013 
Even as workers in the US and other countries have seen their incomes plummet, the combined net worth of the world’s billionaires has doubled since 2009, according to a report published Tuesday by UBS and Wealth-X, a consultancy that tracks super-rich individuals.
SUPER TOP WHY BILLIONAIRES LOVE OBAMA

In 2008, candidate Obama preached: "We need a president who will look out for the interests of hardworking families, not just their big campaign donors and corporate allies."… AND HE NEVER STOPPED LYING TO US OR LOOTING US ON BEHALF OF HIS WALL STREET BANKSTERS.

TOP ECONOMIC MELTDOWN
GLOBAL ECONOMIC MELTDOWN! THE GIFT of LOOTING THE ECONOMY FROM CRONY KING OBAMA and HIS CRIMINAL WALL STREET BANKSTERS… does he still call it “HOPE and CHANGE” or has Obama finally confessed to being BUSH’S THIRD and FOURTH TERMS???
http://mexicanoccupation.blogspot.com/2013/10/what-banksters-and-their-politicians.html
 
 
 
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EMPATHY
 
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TOP POVERTY
the figures are in on Obama’s looting of America for Wall Street!
 
STAGGERING POVERTY IN AMERICA CAUSED BY OBAMA, HIS CRONIES AND WALL STREET DONORS…AND THEN ILLEGALS GET THE JOBS!
 
http://mexicanoccupation.blogspot.com/2013/09/obamanomics-and-obamas-crony-capitalism.html
 
According to a new report by University of California Berkeley Professor Emmanuel Saez, the gulf between the wealthy and the rest of society has sharply expanded under Obama. The richest one percent now monopolize more than 22 percent of all household income in America. The richest ten percent of the population now control more than half of the nation’s income, 50.4 percent—the highest proportion since the government began collecting income statistics in 1917.
Since 2009, the richest one percent has captured a staggering 95 percent of all income gains. The class war policies of the government—including bank bailouts, “quantitative easing” and an attack on wage and benefits for the working class—have led to a 31.4 percent rise in income for the top one percent. The wealthy have more than recovered the losses that came from the Wall Street collapse of 2008.
Meanwhile, the bottom 99 percent has seen a negligible 0.4 percent rise in income. Tens of millions of workers—who never recovered from the record household income drop of 2007 to 2009—continue to reel from the effects of mass job losses, falling wages, home foreclosures, indebtedness and social service cuts.