Recently, yet another horrible precedent has been set by the Obama Administration. The national debt of the federal government has skyrocketed to levels unseen by any administration to-date. President Obama has raised our national debt by over 7 trillion dollars to a grand total of over $17.5 trillion. This is not only a completely unimaginable amount of money, but an amount that future generations will have to deal with.
A similarly daunting fact is one that directly affects the very people President Obama has promised time and time again to help the most – the middle class. According to an article by CNS news, “The $7,060,259,674,497.51 in new debt that the federal government has taken on during Obama’s presidency equals $61,341.82 per household. The median household income in the United States in 2012 (the latest year estimated) was $51,017. Thus, President Obama has increased the federal debt by more than the typical household’s annual income.”
Dependence on government is key when it comes to breaking down the liberal agenda. Therefore, it would seem to make sense that such a progressive president would have the highest national debt growth in history. But this kind of reckless, irresponsible spending should cause concern – even among the most liberal democrats. Obama has taken his blank check and irresponsibly spent and spent without even giving a second thought to our future generations – who are going to have to somehow begin to clean up this giant fiscal mess.
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