Rozman
Gold Member
- Sep 18, 2009
- 16,683
- 3,094
In September 2009 the debt was almost 12 trillion dollars and at present the debt stands at over 19 trillion dollars.
During his two terms in office Obama oversaw an increase of the national debt of over 7 trillion dollars.
"Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once in its history—at the end of World War II."
CBO: Debt Headed to 103% of GDP; Level Seen Only in WWII; 'No Way to Predict Whether or When' Fiscal Crisis Might Occur Here
Obama has failed on so many levels.
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What kills me is how the Libs here defend this crappy Obama economy over the entire duration of his regime.