The U.S. National Debt has hit the $16 Trillion mark. Each citizen's share of that debt is $50,909 and counting. (Sorry, I don't have that kind of spare change in my pocket...or in my bank account.)
During the first term of the Obama presidency we have heard the Chief Executive lay the blame for a lot of things gone wrong on a lot of things...and people...especially his predecessor, President George W. Bush.
As early as the 2008 campaign Barack Obama was trashing Mr. Bush on a number of things including, you guessed it, the debt, for taking "....“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 … so that we now have over $9 trillion of debt that we are going to have to pay back.”
Well, here we are, four years later, 2012 and look where we are. On January 20, 2009, the day Mr. Obama took office, this country owed a debt of $10.6 trillion, still way too much. Since then he has added an additional $5.4 trillion, more than Pres. Bush added in his two terms. Based on his track record in just one term, where will this country be in 2016 if Mr. Obama is awarded a second term?
Perish the thought!
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