Extension of Remarks·March 20, 2012·p. E392
Our Unconscionable National Debt
Mr. Speaker, George W. Bush was inaugurated, the national debt was $5,727,776,738,304.64. When Barack Obama was inaugurated, the national debt was $10,626,877,048,913.08. This was a $4,899,100,310,608.44 increase in 8 years. Last week, the…
Mr. Speaker, George W. Bush was inaugurated, the national debt was $5,727,776,738,304.64. When Barack Obama was inaugurated, the national debt was $10,626,877,048,913.08. This was a $4,899,100,310,608.44 increase in 8 years. Last week, the debt climbed to $15,574,238,368,104.89, which means that President Obama has raised the debt more in just over 3 years than President Bush did in 8 years.
This is debt our nation, our economy, and our children could have avoided with a balanced budget amendment.