Obama’s legacy is the 9 TRILLION debt he has left us with after only 8 years in office!
It seem that the hallmark of Obama’s term is the debt he has left behind him. CNS News reported on the U.S. Treasury’s most recent digits.
The federal debt climbed by more than a trillion dollars during 2016, according to data released today by the U.S. Treasury…
That increase in the debt equaled $8,860.65 for each of the 119,026,000 households the Census Bureau estimated there were in the United States as of September.
During President Barack Obama’s time in office the federal debt has increased by $9,349,949,902,134.72—rising from $10,626,877,048,913.08 on Jan. 20, 2009, the day of Obama’s inauguration, to $19,976,826,951,047.80 on the last day of 2016.
We all have to thank the expanded government programs and reckless spending for the increased national debt. The real question now is how will the administration resolve this issue and where will they make financial curtails. It is even very likely that there will be no curtailing, but rather an increase of the taxes for the working and middle-class citizens.
Probably the only comforting thought in this situation is that we shall soon have a president who knows how to manage the federal budget, and, hopefully, he will be able to dig out this nation from the hole Obama shoved it in.