Sunday, July 3, 2016

American National Debt Hits Another Record High Under President Barack Obama


Barack Obama
 
A recently released report reveals, "Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion.
The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office." 

People who love to spin everything Obama does, please explain this. For Obama’s entire presidency I stated he needs to stop the excessive spending. However, Obama and his cabinet just kept on spending to the point America’s debt is at an all time high. Obama has spent more than any other US president. Tell me, how is that a good thing setting record debt. This is not something any head of state should want attached to their name and under poor economic conditions in a nation. 

History, the basic principles of government and finance state, you cannot operate in such a manner and not see adverse results negatively impacting the population. All the spinning in the world will not matter when America goes bankrupt and the nation's way of life negatively changes due to the overspending that occurred during this time. However, with some irrational people, when it comes to Obama, everybody’s a hater. No, you just don’t know basic math (Newly Released Financial Data Reveals America Has Hit An Unprecedented Economic Low Under President Obama). 

Some of you sound like programmed robots. Everything coming out of your mouths, no matter the subject or unrelated the theme is, "OBAMA, OBAMA, OBAMA, OBAMA, OBAMA" like you're brainwashed, like someone wiped your brain clean of all logic, common sense and diversity. Somebody could be talking about a piece of gum on the ground and some brainwashed folks will find a way to turn the conversation into "OBAMA, OBAMA, OBAMA, OBAMA, OBAMA." There's a lady I knew that was like that, like her life depended on it, due to the government harassing her to speak to me over this column, because clearly the megalomaniac, censorship loving Obama Administration thinks free speech and free press, as guaranteed by the Constitution, is something to be obsessively violated (see RELATED ARTICLES for other examples of the Obama Administration targeting journalists and bloggers).  

Tell me, how was it wrong to state from the beginning of his presidency, that Obama should go with austerity to correct financial deficiencies in the U.S. economy, damaged by former President George W. Bush. Instead, Obama spent a record amount of money, more than Bush and the U.S. economy is now at the worst place it has ever been. Apparently, telling people the truth for their own good and the overall good of society, makes one a hater. 

STORY SOURCE

National debt jumps nearly $100 billion in one day to record high

7/2/16 12:01 AM - The U.S. national debt is creeping up again, after holding steady for the last few months thanks to the annual flood of individual and corporate tax receipts. Total government debt hit a record $19.38 trillion on Thursday, up nearly $98 billion from the day before. It's the first time it has ever exceeded $19.3 trillion. The debt will soar higher still in the coming months, and is expected to approach $20 trillion by the time President Obama leaves office. 

The total debt had been essentially flat since March, when it hit $19.2 trillion. Growth in the national debt often slows or plateaus in the spring and early summer, as tax receipts in April help balance out federal spending that's on a current pace to exceed receipts by $500 billion. 
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