The cost of Obama’s unconscionable spending: 431 billion a year interest on debt, not counting principle, that is 6 time the budget for education
Today Obama proposed free community college education. Well, he stole the money which could have been used for education by doubling our debt from 9 trillion, which was incurred by 43 presidents before him, to 18 trillion.
Just the interest on this debt, not counting the principal is 431 billion dollars per year, which is 6 times higher than the discretionary budget for the whole Department of Education. So, now we have to pay off this enormous debt because we can’s spend on anything else, including programs that Obama is proposing.
The interest on Obama debt is so large, that it exceeds the Gross Domestic Product of 170 out of 194 nations of the World.
What’s is so infuriating, is corruption in our media, government and Congress. Nobody holds Obama accountable for the 9 trillion debt that he incurred, for nearly half a trillion we spend every year on interest for this debt.
Interest on National Debt Year End 2014 $430,812,121,372
The Obama Administration continued to prioritize education in the 2014 budget released today by proposing key investments in education that would strengthen the middle class, grow the economy and provide opportunities for success to all Americans – especially our nation’s most vulnerable children. Without adding to the deficit, the President’s FY 2014 budget invests $71 billion in discretionary funding for the Department, an increase of 4.5 percent over the FY 2013 pre-sequester level.
Source: http://www.orlytaitzesq.com/the-cost-of-obamas-unconscionable-spending-431-billion-a-year-interest-on-debt-not-counting-principle-that-is-6-time-the-budget-for-education/
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