Saturday, December 26, 2015

Obama adminstration adds $1 billion of debt for each year of his Presidency


Under Barack Obama, the U.S. national debt has risen from $10,626,877,048,913.08 on January 20th, 2009 to $18,795,033,928,275.59 on December 21st, 2015. 

That means that the debt that we are passing on to future generations has increased by 8.16 trillion dollars since Barack Obama was inaugurated.

There is still a little more than a year to go in Obama’s presidency, and it is already guaranteed that Obama will add more than a trillion dollars a year to the national debt during his presidency.

In fact, when you do the math, we are stealing more than 100 million dollars from future generations of Americans every single hour of every single day.

It is a crime of a magnitude that is almost unimaginable, and at this point it is mathematically impossible for the U.S. government to pay off all of this debt.

It was not just Obama the Congress has responsibility here also. But the biggest most despicable people in this whole drama are the American people themselves.  Obama and the Congress are elected by the people so the American people bear responsibility for what they will get. And what will they get? Higher taxes, less benefits, higher inflation, lower standards of living, economic stagnation, anxiety, your parents and kids living with you forever, and if we are real lucky an eventual dissolution of these United States. As H.L. Mencken said,  "                   

Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

No comments:

Related Posts Plugin for WordPress, Blogger...