National Debt Road Trip

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The National Debt Road Trip from jimblazsik.com
Check out Political Math. Tagged: Barack Obama, Conservative Issues, National Debt visualization, National Debt Road Trip
Jul
30
gearyt added this video and said
For the record: we do not advocate Obama OR Bush's spending.
Jul
29
Johnny Filmmaker added this video and said
Cute Video Response
Jul
12
mfry4 added this video and said
Road Trip!!

Somehow it was funnier in Animal House...I want to stay home.
Jun
30
Opinionated added this video and said
How do Obama deficits compare with past presidents? And how did the national debt get so big anyway?
http://www.voicingouropinions.com/
Jun
21
NYSYR added this video and said
How do the Obama deficits compare with past presidents? And how did the national debt get so big anyway. This video tries to answer those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling.

For more, follow my Twitter account at PoliticalMath or visit my blog at politicalmath.wordpress.com
Jun
13
The National Debt Road Trip from bettinainclan.wordpress.com
Fave line: “Obama’s planned spending makes Bush look like a coupon clipping house wife…”
May
28
Irresponsible! from americanelephant.wordpress.com
May
16
The Debt Car from infidelsparadise.wordpress.com
May
15

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May 15, 2009
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Oh … I am so confident in these people ruin— er running our country. Aren’t you? Our Vice President Is In Debt? The article below was written and posted in the May 2, 2009 edition of the NYDaily News … and originally run in the April 2009 edition of American Thinker. NYDaily News: Obama’s troubling mantra: In debt, we trust By Richard Henry Lee It is no surprise that President Obama supports unprecedented spending and borrowing in the federal budget since he has never suffered any consequences from the excessive spending and borrowing in his private life. And I’m not just talking about the First Lady’s $540 sneakers. A close examination of their finances shows that the Obamas were living off lines of credit along with other income for several years until 2005, when Obama’s book royalties came through and Michelle received her 260% pay raise at the University of Chicago. This was also the year Obama started serving in the U.S. Senate. During the presidential primary campaign, Michelle Obama complained how tough it was to make ends meet. During a stop in Ohio, she said, “I know we’re spending – I added it up for the first time – we spend between the two kids, on extracurriculars outside the classroom, we’re spending about $10,000 a year on piano and dance and sports supplements and so on and so forth.” Let’s examine how tough things were for this couple using various public records. In April 1999, they purchased a Chicago condo and obtained a mortgage for $159,250. In May 1999, they took out a line of credit for $20,750. Then, in 2002, they refinanced the condo with a $210,000 mortgage, which means they took out about $50,000 in equity. Finally, in 2004, they took out another line of credit for $100,000 on top of the mortgage. Tax returns for 2004 reveal $14,395 in mortgage deductions. If we assume an effective interest rate of 6%, then they owed about $240,000 on a home they purchased for about $159,250. This means they spent perhaps
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