As President Obama’s time in office comes to a close, you will hear (or have been hearing) a lot about his “legacy.”
The left will try to spin the last eight years as a progressive paradise, one in which our first black president united our nation, brought change the lives of many and set an example for what democratic leadership can do when put in charge.
Yet the reality is, under Obama our nations has seen some of its worst days in recent history. Racial tensions haven’t been this bad in decades. Health care and job opportunities are a wreck. Threat of terrorism has grown exponentially.
But perhaps the best figure for our ailing nation is the national debt. CNS News reports the U.S. Treasury’s latest numbers:
The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury…
That increase in the debt equaled $8,860.65 for each of the 119,026,000 households the Census Bureau estimated there were in the United States as of September.
During President Barack Obama’s time in office the federal debt has increased by $9,349,949,902,134.72—rising from $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration, to $19,976,826,951,047.80 on the last day of 2016.
Thanks to bloated government programs and unchecked spending, the national debt soared to new heights. This is largely thanks to Obama and liberals’ approach to government, one in which the power and size of the government is greatly enlarged, increasing–among other things–how much it spends.
But how do you think the government will answer this shocking rise in debt? A decrease in Congressional salaries? A cut back in their massive social progams? Not likely. Thanks to Obama, we’ll see a spike in taxes across working and middle classes.
The only silver lining is that a responsible president, with experience in handling money, is soon to take office. President-elect Trump’s plan to bring back jobs and reinvest in the United States will, at the very least, slow down this inevitable debt increase. Perhaps even lower it.
Source: CNS News