Obama Tops $4 Trillion Worth of ‘Unpatriotic’ Debt
**Written by Doug Powers
Don’t worry — According to Warren Buffet this is nothing that can’t be easily remedied by raising Warren Buffett’s taxes.
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.
Mr. Obama blames policies inherited from his predecessor’s administration for the soaring debt.
And “headwinds” — don’t forget to blame headwinds.
Not only that, but the federal budget deficit for fiscal 2011 is expected to hit $1.3 trillion.
Not surprisingly, adding $4 trillion in debt used to be an unpatriotic act.
The words below are from July 2008 — before the rise of the oceans began to slow, the planet began to heal, good jobs were provided to the jobless, wars ended, Gitmo closed and the national credit card was cut up. Transcript via Real Clear Politics:
“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.”
How did Sheriff Joe’s visit to the loan officers at the Bank of China go, anyway?
Sound byte possibly coming to an RNC ad near you:
But that was all pre-Hope & Change™, back when the need to raise the debt ceiling meant a failure of leadership. Now it’s a symbol of responsible economic stewardship.
**Written by Doug Powers
Twitter @ThePowersThatBe
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$4 Trill is clearly “unpatriotic”….but $14 Trill or more evidently is.
Obama’s statement always have an experation date, usually within 24 hours of making t.
What Osama couldn’t do with 100 jets, Obama is doing with none.
When Bush did it, it was “unpatriotic.”
When Obama does it, it’s “An Investment in Our Children’s Future.”™
It’s simple, really. I’m surprised how you missed the distinction. Clearly, somebody didn’t get the memo…
And remember, unless it’s Bush, it’s not cricket to question anybody’s patriotism.
And Obama’s job isn’t done yet.
Could be that our White House team sees this as a “demand-side economics” problem. China excels at demand-side economics. Not enough supply? “Great Leap Forward”! Exterminate the 10% surplus population and even give their children the honor of performing the patriotic deed!
As we discussed yesterday, the Alinskyites have been documented planning how to exterminate 25% of the US population. The logistics are very difficult but China has mastered the skills required. Maybe Sheriff Joe brought it up and will be bringing back the relevant economic consultants to help us balance our budget.
Does anyone really believe Obama has any clue as to what he reads from TOTUS? All he has done for his entire term is read what someone else wrote. He’s just a vacuum that gets filled with new debris, and every time he delivers a “speech”, he simply spews out what his handlers put in.
Barry is gonna HATE having this vid played back against him.
Is it Oblameless`s economy yet ?
Hope and Spare Change.
Doug Powers said:
Ha! That Doug. I’m testing out a new term, let me know what you think. All around me I see scores of people ( prog’s whatever ) that used to be so sure of themselves! Now, not so much.
Progs are Lost Cause. Forget ‘em. But for those self-disenfranchised Dims I offer: Tea Party Curious? We won’t tell a soul and you don’t even have to attend an event. ( Just stop supporting the Prog Agenda ok? )
If everyone will just relax and let the president lay out his plan for the economy and jobs on Sept. 5.
Sorry i can’t continue.
ROFLOL
It’s official.
After the earthquake yesterday and going forward:
It’s Obamas’ Fault.
Two Presidents, Eight Trillion in debt. There is no acceptable excuse for either of them.
Man, this is easier than filling a bucket with low hanging fruit at Grandma ch’s garden.
Barry needs to watch himself from 3 years ago before he opens his trap. Oooops, I forgot. Everything he says has an expiration date. He will accumulate more debt than the first 42 presidents combined before election day 2012. I hope the morons at the RNC make use of this on the last days of the campaign. Alas, I’m not holding my breath.
By strange coincidence, today is the anniversary of the Sack of Rome by Alaric and the Visigoths in 410 a.d.
At least the Roman populace had foreigners sack their city. Ours is an internal issue.
The RNC is too stupid and wimpy to use that.
What’s worse than a depression?
We’re about to find out, since according to Pharoah Obama, the American economy has taken big slumps because of the Japan earthquake and tsunami, the Arab Spring uprising, and President Bush working against him somewhere in the White House basement.
An earthquake in the D.C. area shall have a totally constricting effect on the American economy, because Barracky boy will say it will.
The best thing to do is to print more money and spread it out to the Democrat supporters who have the wisdom to get this economy back on the right track.
(I gotta go puke now; sarcasm does that to me once in a while.)
Cybergeezer, ( people know about that? ) Just refuses to leave huh? Mucking up the works and whatnot…
What exactly did America expect from Cloward, Pivin, and Alinsky’s very best student, the Jackass-In-Chief? It’s all about “overwhelm and collapse the system.” “Never let a (created) crisis go to waste.” It’s truly ironic just how much the Jackass-In-Chief, with the help of the ever-worthless ACORN folks, caused this mess in the first place.
Maybe like a chipper/shredder?
I just hope that people and pundits realize that none of the damage is caused by ignorance, it is willful intent
As Rick in NH says w/ sarcasm and while laughing, let’s just wait for the Presidential plan for the economy and jobs coming in September. But, isn’t that 34 MONTHS after his election with the same “crisis” as now? So, yet another plan. Lessee, shovel-ready jobs was catchy … what, you say? there were no such things, and he already admitted that? Who wrote that speech to the nation, was it part of a plan? — off with his head!
I wonder if it will be anything like his last plan he put in writing. That one was so bad that it recieved 0-97 votes in the Senate.
A simple “conservative” mathematical calculation shows Obama increasing the National debt at a 38% faster rate than Bush.
Yea; I know. Liberal results are different.
But, I’m using real mathematics, not Liberal arithmetic.
I have just to ask, with the billions or trillions ‘given to bho and team’ where IS all that money going? It is not just a thousand but so much money my mind can not get around the amount. And they want MORE. Someone, some group, some d or r is getting fat off this at taxpayers expense. Just when will we taxpayers say enough is enough and come 4/15 you don’t get anymore from us till you do our will? These people in dc are sucking us dry for what? Where is it going? Sure isn’t going to get us jobs, dc can not make jobs they just hamper jobs. Oh well, I got to just go watch anything but the news and talk to God to help us.
L
There was one television pundit with the nads to point out this obvious fact but he was deemed to not be ‘fair and balanced’ enough.
As Barky says, we’ve had a just had a run of bad luck…
As Barky said, the problems with the economy are just because we’ve had a run of bad luck…
I’m getting to the point where I don’t care what outrage comes from this administration. He’s acting like he’s a dictator. He’s giving away your country to the people breaking in, while spending your children into debt.
You asked for it.
You let a man who is ineligible to the office assume that office.
There was a very good reason for the founders demanding only a natural born citizen be President.
Native born is not natural born.
Forfeit part, forfeit all.
This little man is a menace not only to America but the entire world. Having him as President of the United States is literally like a prison sentence. Even his drones are breaking down. He must be impeached. We cannot make it another 17 months.
Warren Buffet is a senile old fool. He lost his charm 20 years ago.
….. now he’s trying to buy his way into heaven.
I keep asking, “what can we DO about it?” but it seems that no one has an answer except “hope we make it to the election and that someone good wins.”
I don’t wan to take up arms or anything, but I feel so helpless! We cannot afford another year and a half of this tyrant.
Obama a ‘living and breathing nightmare’
Miss Me Yet?
Start by writing to your congressman. Sign petitions. Most of all, don’t give up. We are going to win this thing.
Boom goes the dynamite.
P.S. Obama will not be on the ticket.
I was gonna say that the GOP/RNC don’t have the cajones to use any Obumer sound bites ‘tween now and 11/02/2012. Their track record has proven that.
The Ds are much better at sound bites both in and out of context. And the general voting public don’t know the difference.
Remember that “withering on the vine” sound bite that the Ds masterfully edited?
I rest my case.
Saw and listened to MM on Hannity tonight and all I can say is this……
Michelle, you’re the best
Hangfire #14:
This bunch reminds me more of the Romans destroying Carthage after the Third Punic War: they razed the city and salted the soil so nothing would grow.
Or Attila the Hun,’The Scourge of God’: nothing grows where his horse has come through.
Or the Nazis leaving scorched earth at the end of the war on Hitler’s orders, so that the German people would not rise again after the Third Reich’s demise.
Yes, they’ll plunder us for all we’re worth until 1/13. We need to stop them, no matter what!!
Just saw MM on Hannity. My wife was actually impressed by our hostess. But I’m used to her beauty and sharp intellect.Here’s looking at you, kid!
Virginia Patriot:
I’m keeping my powder dry until 11/12. Then it’ll be time to unleash hell, release the dogs of war, and send the Great Usurper packing.
Ray :
We need to pray, so that God gives us the strength to hang on, don’t give up, and resist the onslaught that’s coming our way the next 14 months.
PLEASE PRAY FOR OUR COUNTRY. WE NEED PRAYER MORE THAN BREAD.
Actually one. Air Force One.
I finally figured it all out.
Barack Obama is the reincarnation of a famous, dead politician. . .
Huey Long, is that you in there?
I was watching a show with my wife and suddenly she began to laugh. On the show the main character said something about a motivational speaker like “he asked us to accept change in our life, but he also accepts credit cards”. My wife, after she stopped laughing, said, “Obama promised us change, but all he did was max out America’s credit card”.
Had we only checked the air in our tires. dammit!
Personal debt enslaves the individual.
Government debt enslaves a nation.
Obama’s debt policy is proof he wants to enslave the nation.
Bad luck? Black cats are generally considered harbingers of bad luck.
THis issue is what makes me lean toward Michele Bachmann. I’m bothered by her lack of executive experience, but she may be the only one that will actually cut federal programs and agencies and move us rapidly toward budget surplusses to pay down our debt. Ron Paul may also, but I don’t see him having a chance of winning.
When Obeyme uttered the words that he wanted to fundamentally change America, I felt a sense of dread. His actions, not his words, have been detrimental to our nation since he was sworn in. I was willing to give him the benefit of the doubt at first, thinking he makes clumsy mistakes and stupid decisions. Now, I think it is all strategic and well planned, and completely intentional. The destruction of our country has been and remains his primary goal. Pray, without ceasing…
Don’t worry now. Instead of using this video in a campaign ad, whatever Republican nominee we get will probably just tell us “we don’t need to be afraid of Obama as president” or something like it. They might get real brave and call his policies “wrongheaded” if were lucky. He’s such a nice guy, ya know? Lets ask Orin Hatch what we can do to help him.
So when Boooosh does it, it is very bad!
But when Teh Won does it, it is very, very GOOD!!
The GOP candidates should use this against Obama in every TV or radio ad that they run until the election. Then, we’ll find out just how smart, or stupid, we the people really are.