THE $19.9 TRILLION LEGACY
The Republican National Committee has assembled some telling numbers as President Obama prepares to leave office and do other things.
“Obama touts his legacy, but the numbers tell a different story,” the committee notes in a lengthy analysis of hard data, all current and gleaned primarily from federal sources.
Here’s a sampling from the RNC:
● $19.9 trillion: “The staggering mountain of debt Obama will leave behind on January 20, 2017.” Source: Treasury Department.
● $9.2 trillion: “The increase in the national debt since Obama took office.” Source: Treasury Department.
● $1 trillion: “Tax increases in Obamacare over a decade.” Source: House Committee on Ways and Means.
● $870.3 billion: “Estimated economic cost of new federal government regulations finalized since Obama took office.” Source: American Action Forum.
● $750 billion: “Americans global trade deficit in 2015 under Obama.” Source: U.S. Census Bureau.
● $690 billion: “Increase in student debt since Obama took office.” Source: Federal Reserve Bank of St. Louis.