Are you better off now than you were $5.17 trillion ago?
February 15, 2012 Leave a Comment
The Weekly Standard – The Cost of Obama:
Adding all of this up, deficit spending during Obama’s four years in the White House (based on his own figures) will be an estimated $5.170 trillion — or $5,170,000,000,000.00.
To help put that colossal sum of money into perspective, if you take our deficit spending under Obama and divide it evenly among the roughly 300 million American citizens, that works out to just over $17,000 per person — or about $70,000 for a family of four.
To anyone (paging Paul Krugman!) who says what we really needed was more deficit spending, the obvious response is, where would we have gotten the money. And how would future generations have paid for it? There’s going to be hell to pay in short order as it is.