This is making the rounds… thought I’d jump on the train:
Can you say chutzpah?
In 31 months of Barack Obama’s presidency, according to the Treasury and CBS News, the US has added $4 trillion to its national debt. That approaches the presidential record set by George W. Bush of $4.9 trillion, but there’s a catch to that. Bush set that record in two terms — in 96 months:
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.
Let’s cast this by month rather than by year. Bush added an average of $51 billion a month to the national debt. In his 31 months in office, Obama has added to the national debt at an average monthly rate of $129 billion. That is 152% more per month than Obama’s predecessor.
So, he said more than obviously, I guess that makes Obama quite irresponsible and unpatriotic… what else is new?
H/T to Don Surber in email.
