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Under Obama America’s Debt Skyrocketed 70%!

U.S. debt has now surpassed $18 trillion.  Under President Barack Obama, America’s debt has skyrocketed 70%. [1]   On the day Obama took office, January 21, 2009, Zero Hedge reports U.S. debt stood at $10.625 trillion. [2] The national debt cleared $18 trillion for the first time on Black Friday.   In March, the Congressional Budget Office (CBO) projected that the Obama U.S. debt explosion would result in interest payments on U.S. debt quadrupling by 2024 to a stratospheric $880 billion a year, a sum 105 times bigger than the FBI’s budget.   [3] Still, Obama contends his economic policies have been a boon to America.  “By every economic measure, we are better off now than when I took office,” said Obama in October. [4]

[1] Dean James, U.S. DEBT HITS $18,000,000,000,000.00- Under Obama America’s Debt Skyrocketed 70%!, America’s Freedom Fighters, December 2, 2014
[2] Tyler Durden, Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama, Zero Hedge, 12/01/2014 23:35 -0500
[3] Wynton Hall, U.S. Debt Hits $18,000,000,000,000.00 , Breitbart, 2 Dec 2014
[4]  Geoff Earle, Economy is better than when I took office: Obama, New York Post, October 3, 2014 | 12:34am

About Bill Wallace

Bill Wallace is a self-fashioned writter, a computer programmer and cybermarketer from Quebec City, Canada who decided to enter the political arena after his disillusionment with the socialist system under which he was living in the French Canadian province of Quebec.

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