You are currently viewing the printable version of this article, to return to the normal page, please click here.

LETTER TO THE EDITOR: Obama-made debt is ever-growing

Story Topics

Victor Davis Hanson is spot on in "After Obama" (Commentary, Monday). Every morning I wake up another day older and $40 deeper in debt. The same is true of the other 85 million U.S. taxpayers.

In President Obama's first four years, he loaded more than $50,000 of debt onto each of us. In four more years, it looks like he will make it a total of $100,000. To paraphrase the song "Sixteen Tons," our souls will belong to the Internal Revenue Service.

Do the math: An annual deficit of $1.1 trillion would add $3 billion to the debt every day. That amounts to borrowing $32 every day for every U.S. taxpayer. Annual deficits are larger than $1.1 trillion, raising the daily debt added per taxpayer to $40.

Taxpayers and presidents who continue to believe that deficits and debt don't matter must be invincibly ignorant.

GEORGE F. STEEG

Potomac Falls, Va.

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks
You Might Also Like
  • Maureen McDonnell looks on as her husband, former Virginia Gov. Bob McDonnell, made a statement on Tuesday after the couple was indicted on corruption charges. (associated press)

    PRUDEN: Where have the big-time grifters gone?

  • This photo taken Jan. 9, 2014,  shows New Jersey Gov. Chris Christie gesturing as he answers a question during a news conference  at the Statehouse in Trenton.  Christie will propose extending the public school calendar and lengthening the school day in a speech he hopes will help him rebound from an apparent political payback scheme orchestrated by key aides. The early front-runner for the 2016 Republican presidential nomination will make a case Tuesday Jan. 14, 2014, that children who spend more time in school graduate better prepared academically, according to excerpts of his State of the State address obtained by The Associated Press. (AP Photo/Mel Evans)

    BRUCE: Bombastic arrogance or humble determination? Chris Christie’s choice

  • ** FILE ** Secretary of State Hillary Rodham testifies on Capitol Hill in Washington, Wednesday, Jan. 23, 2013, before the Senate Foreign Relations Committee hearing on the deadly September attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador J. Chris Stevens and three other Americans. (AP Photo/Pablo Martinez Monsivais, File)

    PRUDEN: The question to haunt the West

  • Get Breaking Alerts