Saturday, February 7, 2015

Rob Portman: Obama has added $7.5 trillion in debt



Sen. Rob Portman gives the Republican Party's Weekly Remarks - Andrew Malcolm.IBD

This week, President Obama released his annual budget proposal. It’s a 2,000 page document that spells out how he’d like to spend your hard-earned tax dollars.... It’s no secret that Washington is addicted to overspending, but, boy, the numbers are now simply staggering. Every year of the Obama presidency, the federal government has spent hundreds of billions of dollars more than it takes in, and those massive yearly deficits, they add up.

In the first six years of his administration, President Obama has added a record $7.5 trillion to the national debt.

To put that in perspective, that’s about $60,000 in new debt for every American household....