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America’s Increasing Debt Shows No Sign of Slowing

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Description
FBN’s Stuart Varney sounds off on the ever-increasing debt in the U.S.
Duration 1:29
Date Jan 30, 2012

This transcript is automatically generated

-- stood up and account.

Well there is -- a political issue which is difficult to spin excuses and explanations are all part of this political season.

And the spirit is coming -- -- thick and fast so here is my take on.

Unsustainable.

Debt that is the unsustainable.

Issue.

I -- -- too hard numbers that -- -- solid numbness when there is no argument.

34000 dollars that was every American's share of the debt one day on day one of the Obama administration 34000.

48000.

Is the debt per person now.

In three years -- indebtedness has gone straight up and by the way.

We will all be more than 50000 dollars in debt on Election Day the escalation has gone unchecked in the Obama presidency.

Think of the other issues in this election the president will spin the jobs story he will say he saved -- two million.

On the housing -- he will blame the banks and on the failed recovery he will blame bush.

But how -- -- get out of those hard -- on numbers on debt no spin is available.

34048000.

In three years unprecedented.

One last point.

During the last presidential campaign back in 2008.

Candidate Obama got all fired up and outraged and -- -- about debt he said it every single one of those those.

30000 dollars he was pointing his finger ramming home his point that's -- responsible he said that is on.