Mr. Speaker, on January 20, 2009, the day President Obama took office, the national debt was $10,626,877,048,913.08.
Today, it is $16,323,083,449,604.98. We've added $5,696,206,400,691.90 to our debt in nearly 4 years.(OK-- so far so good. It's useful to point out that the President is a trifle out of control when it comes to spending. But the problem is the conclusion...)
This is $5 trillion in debt our nation, our economy, and our children could have avoided with a balanced budget amendment.And here is the GOP -- irresponsible tea party division-- in a nutshell. Spending bad. Spending problem. Wave magic constitutional wand. Problem gone. And with no sweat, we show we are real, real serious. Without actually doing anything remotely real.