$16.4 trillion – that’s the latest figure for America’s massive national debt. Nearly $6 trillion of this debt was racked up in the first term of the Obama presidency – a 50 percent increase. It is horrifying to imagine what the debt will be when Obama leaves the White House in 2016, unless Congress has the willpower to stand in the way.
Meanwhile, as the world’s superpower is literally drowning in debt, President Obama is basking in the warmth of the beaches of Hawaii, at an exclusive resort way beyond the financial reach of most Americans. The president pays the cost of his own family’s accommodations, but there are a large number of associated costs which are paid from the public purse.
What is the actual cost of Obama’s lavish vacation to the American taxpayer? A staggering $7 million, according to veteran White House reporter Keith Koffler, who wrote in his blog earlier this week:
In a move that is rich in irony, President Obama agreed Tuesday night to sign an emergency deficit reduction bill that does almost nothing to rein in spending and then jetted out to Hawaii to resume his vacation at an extra cost of more than $3 million to taxpayers.
The price tag is in addition to more than $4 million that is already being spent on the Obamas’ Hawaii idyll, bringing the total cost of the excursion to well over $7 million.
Read more at blogs.telegraph.co.uk …