President Barack ObamaAccording to the U.S. treasury, the debt of the federal government has now increased by $6 trillion by the time that Barack Obama has been president, which began on January 20, 2009. At the close of business on January 20, 2009, the national debt was over $10 and a half trillion. At the close of business on Thursday, February 28, 2013, the national debt was over $16 and-a-half trillion. Thus far in the Obama presidency, the debt has climbed to over $6 trillion. Under Obama the debt has increased under him more than presidents George Washington through Bill Clinton put together. The total federal debt didn't exceed $6 trillion until 2003 during the presidency of George W. Bush. In less than eleven years from June 27, 2002 until present, the federal debt has increased to more than $10 trillion. And the debt keeps on climbing. I venture to say that if President Obama has his way during his second term, he'll spend more than $6 trillion. I project the deficit will be over $23 trillion by the time Obama finishes his second term. And that's a very conservative estimate, I guarantee you that.
Thus far everything's going according to plan for the president. Obama's fiscal policy is "spend baby spend." To read the full story, click on above link from CNSNews.com.
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