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How Will Obama Pay Back The $5 Trillion In Debt He Has Added To The U.S. Deficit
June 29. 2012
Barack Obama
Being President of the United States of America comes with
many responsibilities, such as setting the political agenda for the country
and determining aspects of the national budget. As has been widely
reported, U.S. President Barack Obama added $5 trillion dollars to
America's national deficit, with wild spending that has not panned out or
fixed the economic crisis.
The question remains, how will President Obama repay the $5
trillion dollars. His proposals for doing so, have been met with sharp
criticism by the Congressional Budget Office (CBO) and economists alike,
stating his plans do not add up and will not reduce the deficit. It was so
easy to spend that money, but paying it back is another story via a debt
Americans will be saddled with for generations.
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