Original article posted October 18th, 2013: National debt hits $17 trillion dollars today
Update: December 11th, 2014… national debt hits $18,000,000,000,000
Update: January 29th, 2016… national debt hits $19,000,000,000,000 – yay us!
On January 29th, 2009 when President Obama took office the national debt was $10,600,000,000,000. Since then he has added $8,400,000,000,000+ all by his lonesome – a 44% increase in just 7 years. While a huge chunk has gone to pay for the Global War on Terror (and we can argue about that in the comments section) the vast majority of that increase has gone to pay for increases in social welfare programs. Gotta pay for all of the unemployed and underemployed, and of course all those new illegal aliens!
During the Presidential election cycle of 2007-2008 you may recall then Senator Obama calling then President Bush “unpatriotic” for racking up $10T in debt. Predictions are that our national debt will hit $20,000,000,000,000 before Obama leaves office, nearly doubling what it was under Bush. In the minds of American Liberals I’m sure that will somehow be Bush’s fault.
That’s all. Just thought I’d mention that this morning to start your week off right. You can go back to doing whatever it was you were doing.