When Barack Hussein Obama first took office on Jan. 20, 2009, the national debt was $10,626,877,048,913.08. There were approximately 113,500,000 households in the US at the time, meaning that every household in America owned $93,628 of the national debt.
Four years later, under Barack Hussein Obama, at the time of his second inauguration, the national debt had risen to $16,432,631,489,854.70, and increase of $5,805,754,440,941.62. There are now about 114,916,000 households in the US, meaning that each household’s share of the national debt has risen to $142,997. That an increase of $49,369 or 34.5% in just four years.
If Obama’s first four years are any indication of the next four, every household will own over $200,000 of national debt by this time in 2017.
To put the national debt in another perspective, the total debt accumulated from when George Washington was first inaugurated to the last day of Bill Clinton’s term on January 19, 2001 was only $5,727,776,738,304.64. The first 42 presidents of the United States combined accounted for $77,977,702,636.98 LESS than Obama racked up in just 4 years.
The next highest spending president was George W. Bush, but only increased the debt by $4,899,100,310,608.44 over 8 years. That’s still almost $1 trillion less over 8 years compared to what Obama has done in 4 years.
Now consider that Obama praised the size of the government and his programs in his inaugural speech yesterday, meaning that he has no concern whatsoever for the amount of debt that he is racking up. After all, he’s set for life and will never be called to pay it back.
But if China and Japan call in their loans, are you prepared to pay your part of the national debt to satisfy our creditors? My house and entire assets wouldn’t even come close to paying my share and most Americans are in the same boat.
In the business world, a company with these kinds of figures would have to file bankruptcy, close up shop and sell all their assets to pay their creditors. Perhaps that’s what Obama is counting on. If it happens to our nation, it would give him the right to declare martial law and seize dictatorial control. If you thought the Great Depression was bad, just wait till you see what Obama has in store for us. No more America. No more freedoms. No more most of us.