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Yesterday, I wrote about the CBS News story showing that Barack Obama had added over $4 trillion to the national debt in less than three years, which puts the current President on track in one term (and probably less) to beat the record that took his predecessor two terms to set. Some called this an unfair attack, noting that Congress authorizes spending, a point I addressed yesterday and which does Democrats no good at all. But guess who else blamed rising national debt on a President? Why, it’s Candidate (and then-Senator) Obama,. who not only blamed George Bush for adding more national debt than his previous 42 predecessors combined, but also questioned Bush’s patriotism for the same policies that Obama accelerated as President himself:
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.
“Credit card from the Bank of China”? That was a favorite phrase of Obama’s during the campaign. A quick search shows that he used it in an April 2008 debate, this June 2008 appearance, and others as well, usually tying it to tax cuts.
And what exactly has Obama done as President? Despite claiming that he has known that deficit reduction has been needed since the first day he took office, Obama has offered no deficit reduction proposals in his term as President. In fact, he has submitted budget proposals that have massively expanded deficit spending.
Just how patriotic is that? After all, if Obama can use the increase in the national debt to question Bush’s patriotism, doesn’t it follow that increasing deficit spending by 152% per month makes Obama 152% more “unpatriotic” than Bush?
typical the i was agianst it before i was for it crowd.
and i guess people are too igorant at least some of them to realize that 4 trillion was after 8 years not after just a mere 3 and half like the great messsiah named obama.
spending only matters when theres a R by there name just like any other issue.
Originally posted by Cantmakedisup
You spread lies. Obama DID NOT add 4 trillion dollars to U.S. National debt.
In reality he has added 1.44 trillion dollars to U.S. National debt.
In comparison, Bush added 5.07 trillion dollars to U.S. National debt.
Here you go...
BAM!!! There is the truth!
STOP LYING! It is unproductive and dishonest. Not to mention that it leads to more people spreading false truths. People like you make me sick.
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.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
Originally posted by damwel
I think it was most unpatriotic what Bush did to this country and good for Obama to call him out on it.
It wasn't Obama that gave tax cuts to the upper 2% of the rich. However it is the republicans that won't stand to see it repealed.
Originally posted by jibeho
I am continually amazed how people can support and defend this man.