The biggest gift the president has given to the incoming president is a $20 trillion deficit. It increases every second, minute, hour, and month. The national debt has more than doubled and grown in dollar size since President Obama took office in 2008. Our national debt was at $10.6 trillion when he took office. Here is a breakdown of the debt.
Debt per Citizen: $61,344
Debt per Taxpayer: $166,760
Assets per Citizen: $390,125
Liability per Taxpayer: $874,421
When George W. Bush took office the deficit was at $5,727,776,738,304.64. After his two terms President Obama took office and ended the deficit with $10,626,877,048,913.00. President Obama’s progressive policies have bankrupted this country. Whether it is via Obamacare or throw our very generous asylum, refugee, and immigration policy.
There comes a point where we simply cannot afford these things anymore. That time has come and gone. Hopefully now that President Elect Donald Trump is preparing to take office we will see him making smart business decisions and big league business deals. As he already did with a Japanese banker, IBM, and Boeing. To which fortuitous results have already come.
He made a rich living off of making extraordinary deals. He will no doubt do the same when he assumes office. His cutting the deficit in half will also no doubt be the reason everyone in this country votes for him again in four years to lead our country to an even smaller deficit.