WORST PRESIDENT EVER: Obama’s $20 Trillion Debt an Unprecedented Disaster
Jim Hoft
TheGatewayPundit.com
Jan 3rd, 2017
The New York Post reported in August that “Obama’s leaving his successor a national debt nightmare!” Under Obama the US is now clearly a debtor nation with an economy that is growing at the worst post-recession pace since the Great Depression.
By the time Barack Obama leaves office in January of 2017, he will have amassed a national debt of $20 trillion dollars. When he took over as President in January 2009 the US debt was $10.6 trillion. Obama will have doubled the US debt in his 8 years in office. This means that Obama will have added to the US debt as much as all prior 43 presidents have done cumulatively.
In his first 6 years in office, Obama broke the world record for largest annual deficits accumulated under a President of any country ever. He went from $1.4 trillion in 2009, to $1.3 trillion in 2010, to $1.3 trillion in 2011 to $1.1 trillion in 2012, to $0.7 trillion in 2013 to $0.5 trillion in 2014. No other president has surpassed $0.5 trillion in a single year. George W Bush incurred $5 trillion in national debt over 8 years (which included 911, wars in Iraq and Afghanistan and the 2008 recession) but Obama matched Bush’s debt in his first 4 years in office alone.
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