Barack Obama
Prior to and at the beginning of President Barack Obama's term in office, the Judiciary Report warned about the national deficit and overspending in government. Though the White House and just about every department of the U.S. Government has been logged by site statistic's program Traffic Facts, as readers of this website for years, the warnings went unheeded and now the chickens have come home to roost.
Veteran financial agency, Standard and Poor's, has downgraded the U.S. economy's debt load to "negative" setting a 20-year low for America. The S&P stated of America, "The nation's deficit rose to 11% of total economic output in 2009."
President Obama has added more to the national deficit than any other president in American history. Therefore, regrettably, Obama is to blame for this terrible rating, as he unwisely spent enormous sums of money. Another side effect of the White House's poor fiscal planning is prominent nations are gathering with the goal of dropping the U.S. dollar as the world's premier currency.
RELATED ARTICLES
Bush To Leave Office With Record Deficit
Obama's Soaring Deficit Creates Credibility Issues
Visit crystal harris gallery for daily updated Crystal Harris Gallery
