When Obama was first elected in 2008, all the media lapdogs said it was historic. They were right. Obama has achieved some truly historic feats in his first term, with the next four years yet to come. In just under four years, Obama has now borrowed more money than all previous U.S. presidents combined! Not even George Washington through George W. Bush could equal the borrowing power of one named Barack Hussein Obama.
The federal government has now borrowed more money during Barack Obama’s time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.
By the time Obama is done with this country in 2016, borrowing will probably top $10 trillion, and it will be a new standard for Marxist Democrats.