Wow!!! Was this the HOPE and CHANGE you were expecting? Suckers!
The National Debt topped $13-trillion for the first time in U.S. history - reflecting the surge in government spending that will push the Debt to increasing highs through the rest of the decade.
Posted on the Treasury Department website this afternoon, the National Debt hit $13,050,826,460,886.97 as of June 1st.
Tallied against the nation's Gross Domestic Product, the latest Debt number amounts to nearly 89.4 percent of the total economy.
Our federal government has gone from out of control spending to hyper out of control spending.
Obama has broken the record when it comes to deficit spending.
Obama has the record for adding to this country's debt!!!
It's not often that President Obama mentions the debt, but 90 minutes before the latest number was posted, it was part of his speech on the economy delivered at Carnegie Mellon University in Pittsburgh.
He was making the case that the record high federal deficits on his watch were not really his fault.
"We took office amid a crisis, and the effects of the recession put a $3 trillion hole in our budget before I even walked through the door," he explained to his audience.
Without mentioning his predecessor by name, he argued that blame for the expanding Debt reflected the policies of President George W. Bush...
He goes on and on blaming Dubya.
I will spare you more of Obama's finger pointing, go here to see Obama's picture.
No, Obama is NOT a leader. He continues to blame his problems on others. He tries to spend our way out of the Obama Depression. He has damaged our country much more than most people realize.