Tomorrow is election day. Are you ready? Are you still undecided? Well perhaps this may just put some things into perspective for you.
As of November 1, 2012 the total national debt was $16,221,685,381,838.28 (careful now there is a decimal point in there).
On January 20, 2009, when Obama was inaugurated the national debt was $10,626,877,048,913.08.
Obama has added $5,594,808,332,925.20 in less than four years.
Now, I do recall that President Obama said that President Bush’s deficit spending was unpatriotic. But, I wonder, what adjective President Obama would use to describe his deficit spending.
The 2010 Census said there were 74,181,467 people in the United States under the age of 18.
So if we were to put the entire debt onto the shoulders of all Americans under the age of 18 the amount that they would owe would go like this:
$16,221,685,381,838.28 equals about $218,676 per person under 18, and just the new debt that Obama added would equal about $75,421 per person under 18.
For that amount of money, an 18 year old could afford college and a car, or even a home.
And, should President Obama be re-elected, that number will rise. There are not enough “millionaires and billionaires” making more than $200,000 per year to off-set the debt even if you confiscated all their income.
So, what do you want for your children?