Obama Adds $2 Trillion to National Debt in a Year

Charge it!

CBS: The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office.

The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion.

Of course, Obama’s still blaming Bush. While it’s true Bush was a big spender, it took him four years to increase the debt by $2 trillion. Imagine what damage Obama will inflict in the next three years at this rate. His own administration predicts his big spending habits will bankrupt us.

In the 2011 federal budget released last month, the administration projects the National Debt will soar ever upward to over $25 trillion in the year 2020. The total debt will amount to more than 100 percent of the national economy as early as 2012.

More than ONE HUNDRED PERCENT of the national economy!!!

But he’s still pushing his wildly unpopular health care plan. Good grief!