Obama’s $5 Trillion Moment

April 20, 2012 04:53

In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. Although he has served less than a term, Obama is now the first American president to see the federal government’s debt increase by more than $5 trillion during his time in office. – Townhall.com



By Guy Benson at Townhall.com


This president has accumulated more debt on his watch than the first 41 presidents combined.  President Bush — who inherited a recession, then presided over 9/11, two wars, and a horrific economic collapse at the tail end of his term — added less than $5 Trillion to the national debt over eight years in office.  Obama has eclipsed that mark in less than half the time.  When he was a candidate in 2008, Barack Obama assailed Bush’s record on the national debt, even using the hyper-charged term “unpatriotic” to describe his predecessor’s record:



By his administration’s own admission, this president has no solutions to the coming debt tsunami, but he sure hates other people’s ideas.  Four more years!




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