NOTE: Remember folks, GOP RINOS (including Paul ryan) have involved themselves in enabling this profligate spender (and GWBush before him) to balloon the debt. It’s not just 20 trillion, it’s actually 220 trillion when unfunded liabilities are added up.
When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man.
Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.