On President Barack Obama’s watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of federal spending.
When he was running for President, Obama condemned George W. Bush for adding $4 trillion to the national debt over eight years, calling it “irresponsible” and “unpatriotic.” Now—in less than four years—Obama’s Administration has already added almost $6 trillion to the debt. That means he is on track to triple Bush’s debt increase over eight years.
-- Political Pistachio Conservative News and Commentary
National Debt Hits $16 Trillion - Heritage Foundation
And how much is the upcoming QE3 going to add to this debt? Another trillion in an effort to save his sorry behind?
ReplyDeleteThanks for doing that math for me Doug. Now can you teach it to all the politicians and tell all of them there is a test at the end of class. Any failures get fired!
ReplyDelete