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Federal debt surges by $7 trillion under Obama

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Rogue tax collectors, warrantless wiretaps, federal shakedowns and foreign policy debacles have characterized President Barack Obama's second term in office.

Debt held by the American government has surged under President Barack Obama.

CNSNews.com reports: “The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.”

According to CNSNews.com, that debt increase amounts to more than the combined debt accrued under all U.S. presidents from George Washington through Bill Clinton, “and it is more debt than was accumulated in the first 227 years of this nation’s existence–from 1776 through 2003.”

Read the full analysis here.

 

About Steve Robinson

Steve Robinson is the former editor of The Maine Wire and currently producer for the Howie Carr Show. Follow him on Twitter @Stevie_Rob or send him an email at Steve@HowieCarrShow.com.

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