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Obama Has Raised Debt Ceiling Seven Times, Costing $43,000 Per Household



Obama Has Raised Debt Ceiling Seven Times, Costing $43,000 Per Household

Amy Payne
The Foundry
September 26, 2013

Did you know that since President Obama came into office, the debt limit has been raised seven times?

With those increases, Congress has added $43,000 in debt for every American householdin just the last four years.

And now the debt limit deadline is looming again. Treasury will run out of tricks to keep paying the bills on October 17, Secretary Jack Lew announced yesterday.

Instead of pursuing significant spending cuts and entitlement reforms that are desperately needed to get spending under control, House Republicans reportedly are proposing to suspend the debt ceiling for more than a year, which would add $1.1 trillion to the debt.

So, take that $43,000 per household that was added in the last four years and tack on another $8,800 per household.

Full story here.

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Posted in Analysis & Review, Politics, Prison Planet Articles.

Tagged with Congress, House Republicans, President Obama, spending cuts.

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  1. M.Bohannon-Kaplan (@AnotherWayNow) says

    I would like to support & retweet many of your articles but I don’t have time to research your facts. I will be back a few more times to see if you will footnote resources to make it easier for those who want to help you share this material feel confident in it and able to defend it with facts.



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