17 trillion in debt and no relief in sight
As the world collapses around us, our borders are overrun, our leaders dither and procrastinate and the world in general thumbs their collective noses at “American power”, this sort of stuff could get lost in the shuffle:
When President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. As of the close of business on July 30, 2014, it had risen to $17,618,599,653,160.19–up $6,991,722,604,247.11 from Obama’s first inauguration day.
By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59—up $7,060,259,674,497.51 since Obama first inauguration day.
Now the easy thing to do would be to go on a “it’s Obama’s fault” tirade, but that would only be partially true. He certainly holds some responsibility for doing nothing to stem the red ink, and, in most cases, actually encouraging it. He’s certainly exerted no leadership in trying to get the two parties together on a budget either.
But it is Congress that appropriates and spends. Not the executive branch, now matter how bad it is. For the first two years of Obama’s first term, it was all Democrats all the time. And they set in motion horrendous spending programs like ObamaCare. And there were a number more.
The fact of the matter is Congress also holds major share of the blame for this – no budget has been passed by the Senate during Obama’s entire tenure – and again, the majority of the Senate has been Democrat for these 6 years.
So what had been a horrific 10 plus trillion debt that was piled up over 40 years, became an even more horrific 17 trillion dollar debt in 6 short years – with no end in sight.
Yet most of the idiots who’ve put us in this fiscal hole will be running for re-election in the midterms and most of them will be re-elected.
Once more, the definition of insanity seems to loom large, doesn’t it?