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Romney Campaign Press Release - Obama's $16 Trillion Debt: A National Security Threat

October 22, 2012

National Security Experts And Even President Obama's Own Advisers Have Noted The National Debt Is A Major Threat To National Security:

Former Chairman Of The Joint Chiefs Of Staff Mike Mullen Warned That The National Debt Is The Biggest Threat To National Security. "Adm. Mike Mullen also renewed his warning that the nation's debt is the biggest threat to U.S. national security." (Roxana Tiron, "Joint Chiefs Chairman Reiterates Security Threat Of High Debt," The Hill, 6/24/10)

Secretary Of State Hillary Clinton: "Our Rising Debt Levels Poses A National Security Threat ... It Sends A Message Of Weakness Internationally." (Secretary Of State Hillary Clinton, Remarks At The Council Foreign Relations, Washington, DC, 9/8/10)

Federal Reserve Chairman Bernanke Says U.S. Debt Level Is "Unsustainable" Which Could Cause Interest Rates To Spike And "Cause Financial Instability Like We Saw In Greece.'" "But Ben Bernanke's recent warning is ominous. The Fed chief calls America's debt level 'unsustainable' and says if financial markets lose confidence, interest rates could spike and 'cause financial instability like we saw in Greece.'" (Editorial, "Heed Bernanke On Federal Debt," The Denver Post, 6/20/10)

President Obama Has Presided Over $5 Trillion In New Debt — "The Most Rapid Increase" Under Any President:

Under President Obama, The National Debt Has Reached Nearly $16.2 Trillion — An Increase Of $5.5 Trillion. (Department Of The Treasury, Accessed 9/11/12)

  • Every American's Share Of The National Debt Currently Stands At Over $51,000 — An Increase Of Over $16,000 Under President Obama. (Department Of The Treasury, Accessed 9/11/12; U.S. Census Bureau, Accessed 9/11/12)

President Obama Is Responsible For "The Most Rapid Increase In The Debt Under Any U.S. President." "The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama's watch. The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion. It's the most rapid increase in the debt under any U.S. president." (Mark Knoller, "National Debt Has Increased $4 Trillion Under Obama," CBS News, 8/22/11)

FLASHBACK: Candidate Obama Claimed It Was "Unpatriotic" And "Irresponsible" To Add $4 Trillion To The National Debt. OBAMA: "The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic." (Sen. Barack Obama, Remarks, Fargo, ND, 7/3/08)

And In A Second Term, President Obama Will Drive Our Debt To Over $20 Trillion:

Under President Obama's Policies, The National Debt Is Projected To Surpass $20 Trillion By The End Of 2016 — An Increase Of More Than $4 Trillion In New Debt. (Office of Management and Budget, 7/27/12)

Mitt Romney, Romney Campaign Press Release - Obama's $16 Trillion Debt: A National Security Threat Online by Gerhard Peters and John T. Woolley, The American Presidency Project

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