America has been brought down into hopeless debt slavery. It’s been revealed that during Obama’s first 4-year term, “the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.” To put this into perspective, “the $5,805,754,440,941.62 debt increase under Obama equals about $50,521 per household.”
Update: Democrats can’t handle watching the destruction they’ve wrought on this country: “During a House Financial Services Committee hearing Tuesday on the budget, two Democrats complained after House Financial Services Committee chairman Jeb Hensarling instructed that two monitors in the hearing room display a real-time running national debt clock” and “asked that the debt clock not be on display whenever Democrats spoke.” LOL…
Update #2: As of March 2013, Obama has increased the national debt by more than $6 trillion. There are no signs of stopping!
During debt-ceiling negotiations to avoid the “fiscal cliff,” the White House informed House Budget Committee Chairman Paul Ryan that it plans to break the law by missing the legal deadline for sending a budget to Congress.
Obama knows he’s a failure– in 2006, he had these harsh words to say about then-President George W. Bush, who added less national debt during his 8-year term than Obama added during his first 4-year term:
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” — Obama
Yes, we have a failure of leadership in the Obama Administration– and Americans deserve better. Well said, Obama.