If you had a friend/acquaintance who was upside down on his mortgage, had credit card debt of about $30,000, had borrowed not only from his parents and his children, but his shyster Uncle who was known to be a knee-capper, had not yet paid off his college loans and it was time for his kids to enroll, who nickel and dimed his church, who was known to cut corners at work, invested in Ponzi schemes and lied a lot, would you tell him it was a good idea to spend even more to cover his debts? Of course not. But that's what about 50% of the voters did in November in selecting a known spend thrift as their leader. And even now they swoon when he chatters on about everything except how to get out of the mess he made.
“During Barack Obama’s first term as president of the United States, the debt of the federal government increased by $5.8 trillion, which exceeds the combined debt accumulated under all presidents from George Washington through Bill Clinton.
The new federal debt accumulated in Obama's first term equaled approximately $50,521 for each of household in the country.”
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