Monday, October 1, 2012

Debt under President Obama

Proverbs rightly observes that "the borrower is the slave of the lender" (Prov. 22:7).  President Obama knows this.  He called President Bush unpatriotic for incurring so much debt to fund our government's programs -- military and otherwise.  While a nation may occasionally need to go into debt, President Bush deserved criticism for his profligate spending.  President Bush inexcusably accumulated over $4 trillion in debt over his 8 years.  

By contrast, President Obama has accumulated over $5 trillion more in only four years.  Think of that for a second.  One zero zero zero zero zero zero zero zero zero zero zero zero.  Times five.


And President Obama has been consistent, with four consecutive years of trillion-dollar deficits.  



To verify the statistics used on this page, see:


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