Did You Know...

   

Obama Tops $4 Trillion Worth of ‘Unpatriotic’ Debt

Share
By Doug Powers  •  August 24, 2011 04:42 PM

**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.

CBS News:

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

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

With a rebuttal to President Obama’s amnesty announcement, here’s President Obama

November 20, 2014 08:25 PM by Doug Powers

obamaclosing

All bases = covered

Good luck with that: St. Louis mayor agrees to protest group’s demands

November 19, 2014 07:59 AM by Doug Powers

stlouis

Laugh riot

White House: Do something about ‘climate change’ or prepare for a fiery death — or worse

November 18, 2014 07:24 PM by Doug Powers

homealone

Is it hot in here or are they crazy?

Jonathan Gruber cashed in even more than previously thought; Update: And Obama JUST found out about all this

November 16, 2014 09:23 AM by Doug Powers

king1

Great work if you can get it

Will Jonathan Gruber return $400k in fees to ‘stupid’ voters now that a third video has surfaced?

November 12, 2014 09:19 PM by Doug Powers

gruber1

Low Information Voter Czar strikes again


Categories: Barack Obama, Corruption, Democrats, Health care

Follow me on Twitter Follow me on Facebook