Obama, Debt King


During Obama’s time on the throne (February 2009-July 2016), the US Department of the Treasury has collected nearly $20 trillion in taxes. During that 90 month period, the federal government still mustered to incur $8.8 trillion in debt.

Moral arguments about the ethics of taxes aside (tis theft cough cough), this gross misallocation of resources has sucked the life out of the economy by subsidizing less efficient sectors.

This effect is largely unseen, for the government is essentially taking away market progress and innovation that would have been created by the efficient use of twenty trillion dollars.

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Author: Googan

Follow Googan on twitter @_wickedliberty

1 thought on “Obama, Debt King”

  1. He is most definitely NOT a Capitalist…………and does not embrace the American dream as outlined in the Constitution. A NWO collectivist.

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