Don’t let the date fool you…
In spite of the fact the national debt is currently at $53,106 per citizen ($147,890 per taxpayer) and ever growing, Barack Obama has officially declared April “National Financial Capability Month,” as reported by Fox News:
In a proclamation issued from the White House, Obama stated he wanted to instruct American youth “how to budget responsibly.”
Even as the Obama administration extends into its fifth year, he still hasn’t submitted a federal budget to the U.S. Congress as required by law.
Do As I Say…
In his pronouncement, the Chief Executive stated:
I call upon all Americans to observe this month with programs and activities to improve their understanding of financial principles and practices.
My Administration is dedicated to helping people make sound decisions in the marketplace.
Regardless of the $6,700,000,000,000 increase in the national debt under his watch, Obama went on to proudly state:
Together, we can prepare young people to tackle financial challenges–from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account.
My Administration continues to encourage responsibility at all levels of our financial system by cracking down on deceptive practices and ensuring that consumers are informed of their rights.
Not As I Do…
By the end of the Obama presidency in 2016, he will have doubled the amount of the national debt amassed by presidents beginning with George Washington and continuing through the administration of George W. Bush.
According to the Brillig.com National Debt Clock, the National Debt has continued to increase an average of $3.86 billion per day since September 28, 2007.
