What took other presidents more than 200 years to do, Barack Obama has done in one year, and he continues doing it year in, year out.
During the Barack Obama administration, $1.1 trillion dollars has been added every year to the national debt.
This is not exactly the legacy one would expect from a man who, as a senator in 2006 said that “increasing America’s debt weakens us domestically and internationally. Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.”
Ironcially, as president, Barack Obama has laid upon the backs of those very children and grandchildren a debt that increases by about $100 million every hour, every day.
It isn’t surprising to learn, then, that Barack Obama is the first president in the history of the United States to not have a single year of three percent growth in gross domestic product (GDP).
http://www.thenewamerican.com/economy/economics/item/23754-under-barack-obama-national-debt-increases-100-million-every-hour-of-every-day
During the Barack Obama administration, $1.1 trillion dollars has been added every year to the national debt.
This is not exactly the legacy one would expect from a man who, as a senator in 2006 said that “increasing America’s debt weakens us domestically and internationally. Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.”
Ironcially, as president, Barack Obama has laid upon the backs of those very children and grandchildren a debt that increases by about $100 million every hour, every day.
It isn’t surprising to learn, then, that Barack Obama is the first president in the history of the United States to not have a single year of three percent growth in gross domestic product (GDP).
http://www.thenewamerican.com/economy/economics/item/23754-under-barack-obama-national-debt-increases-100-million-every-hour-of-every-day
No comments:
Post a Comment