To hear president Obama talk about it, he and he alone balanced the budget, lowered the national debt, put more people back to work, and brought us world peace.
Yeah, and he also ended global warming, saved the polar bears, and kept the arctic ice sheets from melting. It isn’t just anyone who can save the world from inside the confines of his own overblown ego!
No,..actually president Obama has jacked up the national debt another whopping 7.9 trillion to the debt. Seven. Point. Nine. Trillion!
President Barack Obama added an additional $7.917 trillion to America’s national debt, which amounts to a 68 percent increase from the $11.657 trillion debt level President George W. Bush accrued by the end of his presidency.
While he was running for president, Obama criticized President Bush’s deficit spending, calling it “irresponsible” and “unpatriotic.” Obama said at a presidential campaign event on July 3, 2008:
The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents — 43 added $4 trillion by his lonesome. So we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.
Obama, with what will be nearly $8 trillion tacked on to the national debt, has added by far more to the U.S. debt than any president in history.
How fortunate for us that the rampant spending by President Obama was kept at just under a measly 8 trillion or we could’ve really been over our heads in debt! [Insert Sarcasm]
Although Trump will have his work cut out for him when it comes to balancing the budget, there is a universal confidence that once Trump is in office, things will get done for the betterment of America!