The Mark Of The Devil On Obama Administration Debt
Things have not been going well for the United States of America. There has been corruption, spying on citizens, Government departments that are supposed to serve citizens taking on a life of their own, acting as political tools. Congressmen who are supposed to serve the people instead serve themselves, or even worse, serve non-citizens. The president is running the country like a dictator, issuing executive orders like there's no tomorrow, skirting around the congress, the courts and the people.
There is a Justice Department that might be renamed the "Injustice Department," and there are unelected czars for everything, that do whatever they like, with nobody to stop them. There was a working healthcare system that could have used a few tweaks, that now stands in tatters.
All of those things - and more - have been bad, but one thing trumps almost all others. It is something worse than Benghazi, worse than Obamacare, worse than "Fast and Furious," worse than the IRS scandal. That one thing is the nation's finances, mishandled by both the Obama Administration and the Congress. An open credit card with an elastic spending limit, that may as well not be there at all. Money borrowed to buy a burger today, with no hope of it being repaid on Tuesday.
The Bush Administration, the Obama Administration, and the Congress, jointly hung an albatross around the nation's neck.
Many people say that statistics lie. We don't need to use statistics to see how big the problem is. As well as statistics, we have raw numbers.
Chart showing the rise of National debt under Bush and Obama
When George W. Bush became president, the national debt, according to the Treasury Department was $5.740 trillion (as at January 31, 2001
The total U.S. government debt on January 31, 2009, as Bush retired and Obama started, was
$10,632,005,246,737, according to the Treasury Department.
Since President Barack Obama took over, the debt has increased an incredible $6.666 trillion, according to the latest numbers released by the U.S. Treasury Department.
As of Jan. 31, 2014, the debt was $17,293,019,654,984, an increase of $6.66 trillion since Obama's first inauguration.
The total debt of the United States first crossed the $6.66 trillion level on the last day of June 2003, after 227 years of operation. In his bid to fundamentally change America, president Obama has racked up the same amount of debt in just five years. It will be interesting to see what he can do in the remaining three years of his term.
Interesting number, 666!
If you haven't been paying attention to what Obama and congress have been doing, this just might focus your mind on the problem.
Dwight L. Schwab Jr. is a moderate conservative who looks at all sides of a story, then speaks his mind. His BS in journalism from University of Oregon with minors in political science and American history stands him in good stead for his writing. Read more stories by Dwight L. Schwab Jr. If you enjoyed this column, may I suggest you press the SUBSCRIBE button? It's FREE. Thank you for your patronage. You can also send comments to: email@example.com.
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