Let’s get this right, obama increased the national debt by 5 trillion, that puts every American in debt $50,859.00 of which they did not voluntarily agree to, for each taxpayer, that amounts to $139,939.
The average student loan which was voluntarily made by students is estimated at being 26,000 per college student. Obama is speaking out about this debt that students willingly signed for but doesn’t even mention the debt he has settled every American with, even those college students.
In a key battleground state Ohio, the president said: “Higher education has gotten a lot harder to afford. It has gotten more expensive,” Obama told the crowd of college students. “Over the past two years – excuse me – over the past two decades, tuition and fees at America’s colleges have more than doubled. The average student who borrows to pay for college now graduates with about $26,000 worth of student loan debt.”
On Jan. 20, 2009, when Obama was sworn into office, the national debt stood at $10,626,877,048,913.08, according to the Department of Treasury. By Aug. 17, 2012, the national debt had increased to $15,962,054,850,397.97, according to the Treasury Department – an increase of more than $5 trillion in less than four years.
The Treasury Department did not have a more current date than Aug. 17. However, on Tuesday, the U.S. Debt Clock reports the national debt stands at $15.97 trillion and counting. For each citizen, that amounts to $50,859. For each taxpayer, that amounts to $139,939.