$20 trillion man: National debt nearly doubles during Obama presidency
By Dave Boyer - The Washington Times - Sunday, November 1, 2015
When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man.
Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.
When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011.
Obama presidency to end with $20 trillion national debt
When the final numbers roll out after Obama leaves office, Obama will have increased the national debt by approximately 65%. This compares to Reagan increasing the national debt by 186% and GW Bush increasing it by 101%. These are real numbers based on statistical fact. Growth in the federal government has been at near stand still the past three years. The crushing deficits of the first two years along with Bush's last year were due to the economic meltdown started under Bush. God forbid we put another Republican in the White House again. Every time we do, they explode the debt much more so than any Dems.
more moronic propaganda from left-wing idiots.
first of all the "final numbers" wont be "rolled out" after obama leaves office, they will come YEARS AFTER he leaves office, because spending mandated by obamacare will SKYROCKET in outlying years after obama leaves office
libs are losers who lie to themselves