Barack Obama has been in office a little over five years, yet he has managed to increase our federal debt more than virtually every president who came before him combined.
It took us 227 years – from 1776 to 2003 – to accumulate $7 trillion in debt. Obama has managed to wrack up that amount of debt in slightly more than five years.
His $7 trillion represents more debt than all presidents from George Washington through Bill Clinton combined.
According to CNSNews, “President Obama has increased the federal debt by more than the typical household’s annual income” of $51,000.
This country desperately needs a balanced budget amendment before we drown under the weight of our own debt.