Tuesday, November 3, 2015

President of debt: Newest budget signing will have Obama on cusp of doubling National debt

When Barack Obama signed the newest Congressional budget bill on Nov. 2 that would last through March of 2017, he added to his ongoing legacy of being one of the least fiduciary responsible President’s in history as the portion within the bill that raised the debt ceiling will see America’s future obligations rise to just under $20 trillion.  And perhaps the irony of it all is that President Obama is still making the claim that he is lowering the annual budget deficit despite the fact that his administration has borrowed more money each year than President Bush ever did during his eight year tenure.
When Obama took office in January of 2009, the national debt stood at $10.6 trillion.  And by the sixth year of his administration the debt had increased by more than $1 trillion per year to a total of $18.2 trillion before yesterday’s new increase.

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