'As Election Day nears, Americans certainly have some sobering choices to make. Whoever wins the White House has a monumental fiscal crisis to deal with - one that makes losses incurred during the Great Recession of 2008 look like pocket change.

Either way you cut it, the country has been, and will remain, on a path of unsustainable debt. Federal spending under George W. Bush added some $4 trillion dollars to the country's already burgeoning national debt, but under President Obama that debt has skyrocketed to a staggering $16-plus trillion, and, if the current administration's budget projections remain unchanged, Obama will have added an unprecedented, mind-numbing, calculator-busting $10 trillion in federal government debt that your children - and their children and their children - will likely have to pay off.'

Read more: Obama's Real Legacy - $10 Trillion in New Federal Debt Over Just Four Years