lunchtime report on some weekend digging. Simple stuff. I checked the
increase in gross federal debt during Reagan's term and during Obama's
term. I calculated the average annual debt increase for each President,
then divided it by the estimated number of persons under 40 at the end
of each President's term. After all, our kids will be paying for this.
Turns out the debt went up $1380/year for Reagan for each person under
40 at the end of his term. For Obama, it was $9403. The debt has been
going up almost $1.6 TRILLION a year on Obama's watch.
we all need to pay more taxes, but the problem is not taxes. The problem
is 535 elected representatives and one President all competing to be