US national debt hits $18 trillion, 70% increase under Obama

The national debt increased $32 billion dollars in one day to surpass $18 trillion on November 30.

That’s a 70% gain under President Obama, who inherited a $10.6 trillion debt when he took office.

Keep in mind, Obama was elected in part on the promise of addressing the national debt.

The issue was indeed part of his “hope and change” platform. In fact, this is what he once said of Bush’s debt:

“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—number 43 added $4 trillion by his lonesome, so that 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.”

Of course, Obama was correct about Bush. But then what did he do? He added nearly $8 trillion more to our debt.

The mainstream media will most likely largely ignore this new debt milestone. Despite the fact that the debt poses the biggest threat to individual Americans, the American economy, and the health and future of the U.S. itself.

Remember the conclusion from Obama’s own Debt Commission: “I think today we face the most predictable economic crisis in history… I think it’s clear, if you do simple arithmetic, that the fiscal path that the nation is on is simply not sustainable.”

If you could describe the national debt in one word, what would it be?

What would you say to Obama?

What would you say to Congress?

To see US national debt in live time click here.

Source: http://www.voicesofliberty.com/article/hope-and-change-national-debt-tops-18-trillion/