Umm, you mean the net worth of all of the billionaires(in the US, I guess. You weren't specific), is only a few hundred billion?
Did you read what I posted ? "You can confiscate all the money from all the billionaires and it wont cover a tenth of the debt Obama has created."
Obama has created $3,646,116,554,704.36 {THATS TRILLIONS} in debt in 2 1/2 years. He is already at 100 % of GDP.
Obama's Increasing Federal Debt $1,148 Per Month Per Household—Enough to Buy a Car or Pay Tuition at State College
Wednesday, April 13, 2011
By Terence P. Jeffrey
U.S. President Barack Obama and first lady Michelle Obama toast at the official dinner offered by Chile's President Sebastian Pinera in Santiago, Chile, on Monday March 21, 2011. (AP Photo/Roberto Candia)
(CNSNews.com) - Under President Barack Obama, the federal debt has been increasing at a rate of $1,148 per month per American household.
Overall, according to the U.S. Treasury, the federal debt increased by $3,646,116,554,704.36 between Jan. 20, 2009, when Obama was inaugurated, and April 13, 2011, when he gave a major speech announcing a plan to deal with the debt.
Given that the Census Bureau estimated in March that there are 117,538,000 households in the United States, the $3.6461 trillion increase in the debt under Obama works out to $31,020 per household.
Obama has now been in office 27 months. The $31,020 per household increase in the federal debt under his watch thus equals a per-household increase of $1,148 per month.
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