From CBS News:
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term…
Obama has been President for 2 years, 7 months and 3 days…I calculate this works out to about $4 billion dollars in new debt each day Obama has been in office. That is just an incredible figure – and made worse by the fact that all we’ve got for it is money for liberal interest groups. No real economic growth, no real jobs, no real wealth creation. Its all been a bust – and a bankrupting bust, in to the bargain.
So, what is the new plan, liberals? Start piling up $8 billion in debt per day? Would that work? You tell us…how much further in to debt do we need to go in order to make liberal economic policy works? And can you give us a date certain while we’re borrowing that much where we’ll be done and prosperity will result?
2012 can’t get here fast enough…