Debt Grows Rapidly Under Obama Administration
The national debt has grown by $4.24 trillion since President Barack Obama took office 945 days ago, The Los Angeles Times reported.
Though former President George W. Bush increased the national debt by $4.9 trillion during his tenure, it took him 2,648 days to do this, almost triple the amount of time that it has taken the current Administration, according to the newspaper.
More than $4 trillion in debt in less than four years in office means that the President will have been in power for the most rapid increase in the national debt during any time in the history of the U.S., reported The Washington Post.
“Obama will have added more to the national debt by the end of his first term in office than all of the 43 prior presidents combined,” said a spokeswoman for Presidential Candidate Mitt Romney.
The current debt is 97.6 percent of the country’s Gross Domestic Product, CBS News reported.
Special To Personal Liberty You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to email@example.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.
Join the Discussion:
View Comments to “Debt Grows Rapidly Under Obama Administration”
Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.
Is there news related to personal liberty happening in your area? Contact us at firstname.lastname@example.org