U.S. Government Hits Record $5.2923 Trillion Foreign Debt Under President Obama
Barack Obama
CNS News is reporting, "In May, the U.S. Treasury had owed $5.2581
trillion to foreign entities. On net, in June, the U.S. government borrowed
an additional $34.2 billion from foreign entities in order to fund U.S.
government operations."
This should clear up any doubt in Americans minds that the U.S.
Government is bankrupt and cannot continue on the dangerous spending spree
it has undertaken. As stated previously, former President, Bill Clinton,
left America in solid financial state.
Mitt Romney
However, Clinton's two successors, former President George W. Bush and
incumbent, Barack Obama, have spent America into a terrible financial hole
of debt, which will saddle future generations of Americans. The Bush and
Obama presidencies doubled the national deficit and blew the substantial
lead America had in the world.
American voters will have a choice to make at the polls this November.
Risk another four years of unruly spending and mounting debt or give
another candidate a try at resolving the nation's financial problems that
have overtaken all the other issues threatening to destroy the country. The
choice is yours.
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