When Obama took office the US national debt was already a staggering $10.88 trillion. After just 3 years of a fiscally reckless President and an equally reckless Congress, the US national debt has grown to $15.36 trillion. The increase in the debt of $4.47 trillion under Obama is greater than the total debt amassed throughout the entire history of the US from its beginning right up to the end of Bill Clinton’s first year in office.
Got that? In 3 years Obama overspent more than every President from George Washington to Bill Clinton combined.
The only way Obama was able to stave off national bankruptcy was to approve borrowing even more money, thus all but ensuring that bankruptcy will be inevitable and have even more severe consequences. By the way, before he was elected Obama promised to cut the annual deficit by half by the end of his first term.