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Obama's growing debt makes for a serious election

Published: August 17, 2012

Our federal government is borrowing $4 billion a day to pay the bills. Multiply that by 365 days, that's $1.46 trillion. If we keep Barack Obama as president and spend at the current pace for four years, that's $5.84 trillion more debt. Add that to the $16 trillion we owe and the hypothetical national debt comes to $21.68 trillion. Then we can't afford the interest on the debt.

What happens next? Who gets paid? Welfare? Social Security? Medicare? Or nobody? New kind of government? Will there be misery? Serious election coming!

Don Ballew, Elk City