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From: The Heritage Foundation Sent: Friday, September 07, 2012 Subject: Ask Heritage: What Does Our Nation's $16,000,000,000,000 Debt Mean for Americans?
What Does Our Nation's $16,000,000,000,000 Debt Mean for Americans?
This week, the U.S. national debt passed $16 trillion. On President Barack Obama's watch, the debt has increased by 50 percent, as campaign promise after campaign promise has drowned in a sea of federal spending.
When he was running for President, Obama condemned George W. Bush for adding $4 trillion to the national debt over eight years, calling it "irresponsible" and "unpatriotic." Now - in less than four years - Obama's Administration has already added almost $6 trillion to the debt. That means he is on track to triple Bush's debt increase over eight years.
When he was running for President, Obama condemned George W. Bush for adding $4 trillion to the national debt over eight years, calling it "irresponsible" and "unpatriotic." Now - in less than four years - Obama's Administration has already added almost $6 trillion to the debt. That means he is on track to triple Bush's debt increase over eight years.
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