National Debt May Double After Obama’s Term

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Think about this:

This should surprise no one who is not in the bag for Obama; The national debt is set to double by the time President Barack Obama leaves office, if it continues to increase at the current rate.

Really, are you surprised?

In January 2009, President Obama began his first term. The federal debt was $10.6 trillion. Remember that; $10.6 trillion.

Now? 16.7 trillion, The Washington Times reported.

Even now, the president lies about our future. Obama has argued that doing so “won’t add a dime” the federal debt. “It does not increase our debt,” he says, “It does not grow our deficits. All it does is allow the Treasury Department to pay for what Congress has already spent.”

Huh?

According to FactCheck.org, the amount that the federal government owes the public is set to double as well. The government currently owes the Treasury $11.94 trillion, which is an 89.3 percent increase from the day Obama took office.

As Republican House Speaker John Boehner said, “We’re not going down that path. It’s about time to deal with America’s problems. How can you raise the debt limit and do nothing about the underlying problem?”

The media barely covered the entire episode.

Tom Coburn to re-institute sanity?

I think so. It’s not just Senator Coburn, but Doctor Coburn.

Dwight L. Schwab Jr. is a moderate conservative who looks at all sides of a story, then speaks his mind. He has written more than 3500 national political and foreign affairs columns. His BS in journalism from the University of Oregon, with minors in political science and American history stands him in good stead for his writing.

Publishing

Dwight has 30-years in the publishing industry, including ABC/Cap Cities and International Thomson. His first book, “Redistribution of Common Sense – Selective Commentaries on the Obama Administration 2009-2014,” was published in July, 2014. “The Game Changer – America’s Most Stunning Presidential Election in History,” was published in April 2017.

Location

Dwight is a native of Portland, Oregon, and now a resident of the San Francisco Bay Area.

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