Since Obama has taken office ….As Stephen says...this is "sustainability?" How in the hell can Democrats justify this kind of spending? Not terribly long ago, Mr. Obama said it was unpatriotic of George Bush to add $4 Trillion dollars to the debt...over 8 years.
[through Q2 2012 for comparative purposes]
–> For every $1 added to the economy, we’ve added more than $3 in debt
–> added $5.23 trillion in debt vs. $1.68 trillion to the economy
–> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
–> $5.23 trillion increase in debt
[source: Treasury Dept]
WTF do you call adding almost $6 trillion dollars to the debt in just over 3 years?