The amazing thing about Obama is his lies. Yes, I said it, his lies! Before he was elected, he would say on every speech that he was never going to spend like the current White House. He said it was not very mature. Well, it looks like he is the worst yet! He has spent more than any other president in his amount of time in office!Sobering news from NRO’s Jim Geraghty:
In 946 days, Obama has increased the national debt by $4,022,412,621,434.77 or $4.02 trillion.
That amounts to $4,252,021,798.56 per day ($4.25 billion).
When the debt increases another $877,587,378,565.23 ($877.58 billion), the debt accumulated under Obama’s presidency will equal the debt accumulated under Bush’s two terms.
Obviously, this can change, but barring some sudden shift in the federal government’s borrowing and spending habits, this milestone will be reached in 206 days from August 23, 2011. That would be March 15, 2012.
But yeah, clearly Bush was the problem.
If spending continues at the normal pace through Inauguration Day 2013, it would add an additional $1,326,630,801,150.72 ($1.32 trillion) to the debt total.
Obama will have, in one term, raised the national debt by $6.22 trillion, 22 percent more than George W. Bush did in two terms.
Imagine how much time Obama’s successor will spend explaining how they inherited this mess…