It’s no secret to the American people that since President Obama gained office, he has added exponentially to this country’s national debt, but exactly how much is that?
Obama has added $7.917 trillion to the national debt of America. This is a 68 percent increase from the $11.657 trillion it was before his presidency. Obama has accumulated the most debt of any U.S. president, as per Breitbart.
There are many ways to figure out how much a president has contributed to America’s debt, and the most accurate figure is determined by combining the budget deficits of the fiscal years and then subtracting the total amount of debt from all previous presidents.
When George W Bush took office, the debt was at $5.8 trillion. He then added $5.849 trillion to it.
One important fact to remember is that the fiscal budget year for Washington starts on October 1 and ends on September 30. Bush’s final budget for 2009 added $1.632 trillion to the United States debt.
Here is a breakdown of Obama’s budgets for his fiscal years and the amount of debt that was added every year. 2016 – $1.423 trillion.
2015 – $327 billion; 2014 – $1.086 trillion; 2013 – $672 billion; 2012 – $1.276 trillion; 2011 – $1.229 trillion; and 2010 – $1.652 trillion.
In 2009, he added $253 billion. Also, Congress passed the Economic Stimulus Act, which spent $253 billion in the fiscal year of 2009, something that should also be added to President Obama’s debt accumulation.
What’s even more disgusting is that when Obama was running for office, he slammed Bush for creating so much debt, stating it was both “irresponsible” and “unpatriotic.” And yet here he is with his 68 percent increase in our national debt.
On July 3, 2008, Obama stated, “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents — 43 added $4 trillion by his lonesome. So, we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman, and child. That’s irresponsible. It’s unpatriotic.”
It’s obvious that President Obama is unpatriotic by his own standards. And now, Donald Trump is going to try and fix the debt like the rest of Obama’s failures.