Remember when we worried that President Obama's health care law would add $1 trillion to the national debt over 10 years? Now here we are, we will have borrowed $4.5 trillion in Obama's four years, and the expensive part of the health care law hasn't even taken effect yet.
So what have we spent that $4.5 trillion in borrowed money for? The Iraq war? Well, the Iraq war cost a total of about $1 trillion, and this year there are no U.S. troops in Iraq. The war is over. Yet in this year alone, we will add almost $1 trillion to the national debt.
So back to the question: What have we spent that $4.5 trillion in borrowed money for?