President Obama -- The Twenty Trillion Dollar Man

President Obama may be the world's first twenty trillion-dollar man. By the end of his eight year term as president, Obama's administration will have collected in excess of $20 trillion in revenues through the IRS, more than any other president in history. Unfortunately, even $20 trillion isn't enough.

LOS ANGELES, CA (California Network) - Obama's treasury is expected to have collected $20 trillion by September of this year, if collections continue steadily through the summer. This will make
Obama's administration the most paid one of all, when it comes to taxes.

His predecessor, George W. Bush collected $17.2 trillion in taxes during the same period of time.

In addition to taking in $20 trillion, the Obama administration has increased the national deficit by over $3.7 trillion, which shows that despite the record haul, it still isn't enough to cover the spending his administration has done.

Just the increase in the deficit alone encumbers each taxpayer with over $25,000 in debt that cannot simply be repaid. Those debts will continue to grow and accrue for generations until other nations will no longer extend our government credit. Then, the economy will collapse.

What comes next will depend on how well we've learned our lesson as a nation.

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