I think that I have a right to say that I am a bit worried about how much money Barack Obama's administration has spent over the last four years. As much as I did not like or support Former President George W. Bush, in eight years in office, he did not spend close to what Obama has in deficit spending. With the national debt creeping towards an overwhelming $16,000,000,000 ($16 Trillion), someone has to say that this has got to stop.
In eight years in office, Bush spent a total of approximately $5,000,000,000 ($5 Trillion). In four years in office, Obama has spent a total of approximately $5,200,000,000 ($5.2 Trillion). Summing up, in half of the time, Obama has spent $200 billion more in deficit spending than Bush. The National Debt that we currently have (approximately $16 Trillion) will need to be payed off one day, probably by the younger generation. According to what we have amassed to this point, each person in the population living in the United States today (including babies and the elderly) will need to pay a total of $50,439.91 to pay off the National Debt.
In the first nineteen months of Obama's administration, Obama increased the National Debt by aproximately $2.52 Trillion. In that span of nineteen months (one year, seven months), he spent more money than every president between when George Washington took office (1789) and when Ronald Reagan left office (1989). I know many supporters of Obama's spending will state that money had more value back in those times, but really, that excuse has become overused. Obama has spent too much attempting to bail out a lot of companies. Sure, it was honorable of him to save American jobs and maybe the right decision at the time (who knows?), but why give $14 billion to General Motors, which is like throwing $14 billion into a sink hole. American taxpayers will never see that money again until American automobiles are able to compete with Japanese and German automakers.
The number $16,000,000,000 honestly scares me, knowing that as part of the younger generation, it will be partly my job to pay this off. And let us face it, we don't want our kids to have to face an even more hoarding debt. The quantity of our National Debt is embarassing. There are many better ways I could think of spending that $14 billion used to bail out a failing autombile company. We could put that $14 billion towards the men and women overseas, fighting for our rights. We could put that $14 billion towards finding a vaccine for AIDS or other diseases. The point is that if you are going to make me help pay off the National Debt in thirty years, I want my money to have value. I don't want my president spending my hard earned money bailing out GM every ten years. Obama's spending has been too overbearing in four year's time, and I agree with many that it is time for a change: a new change, a change that won't our generation's entire life to pay off.
Your proof: http://www.brillig.com/debt_clock/