DNC Highlights Record-Setting Administration
Milestones we’ve reached as the DNC hits its stride and Barack Obama prepares to accept his party’s nomination and explain why he deserves another four years:
National Debt exceeds a record $16 trillion, an increase of about $5.6 trillion since Obama took office. The charts, via The Weekly Standard, paint the picture:
U.S. Government Debt now equals about $136,260 per household, an increase of $45,848 per household, up about 50 percent from when Obama took office. This from CNSNews:
As of Friday, the debt was 16,015,769,788,215.80. According to the Census Bureau, there were approximately 117,538,000 households in the country in 2010. Thus, the current debt equals about $136,260 per household.
When President Obama was inaugurated in 2009, the debt was 10,626,877,048,913.08 and has since increased by 5,388,892,739,302.72. That equals an increase of about $45,848 per household.
Food Stamp use hits record high of 46.7 million people, with food-stamp spending more than doubled over the last four years to a record $75.7 million. This from Bloomberg:
Participation was up 0.4 percent from May and 3.3 percent higher than a year earlier and has remained greater than 46 million all year as the unemployment rate stayed higher than 8 percent. New jobless numbers will be released Sept. 7.
…
Food-stamp enrollment is rising partly because the USDA is pushing higher participation too aggressively, giving government money to people who may not need or want it, U.S. Senator Jeff Sessions said in a telephone interview.
“This administration has been hawking food stamps,” said the Alabama Republican, who has called for lower spending on the program. “Every additional dollar in this program is borrowed money,” he said. “It’s one more example of government incompetence.”
Today’s report shows the two most populous states, California and Texas, had the most recipients. California was tops with 4.012 million, a 0.8 percent gain from the previous month and 7.3 percent more than the previous year. Texas was in second place, while down 0.4 percent from the previous month and 1.4 percent lower than a year earlier.
Louisiana and North Carolina, where Democrats are meeting this week to nominate Obama, had the biggest monthly gains in enrollment, 1.3 percent. Enrollment fell the most in Utah, down 1.4 percent from May, followed by Idaho and Ohio.
Spending on what’s officially called the Supplemental Nutrition Assistance Program totaled $6.21 billion in June, 0.4 percent higher than the previous month and 2.8 percent more than a year earlier. The record is $6.26 billion spent in September 2011.
The solution coming out Washington and the status quo:
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