"We will launch a sweeping effort to root out waste, inefficiency and unnecessary spending in our government, and every American will be able to see how and where we spend taxpayer dollars by going to a new website called recovery.gov." (Spoken in a speech Jan. 28, 2009.)
"There is no doubt that we've been living beyond our means, and we're going to have to make some adjustments. Now, what I've done throughout this campaign is to propose a net spending cut." (Spoken during a presidential debate Oct. 15, 2008.)
"Under my plan, no family making less than $250,000 a year will see any form of tax increase -- not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes." (Spoken in September 2008 at a town hall meeting in Dover, N.H.)
Last week, The Fact Checker, a service by The Washington Post, quoted Crossroads GPS' itemization of the Obama administration's fiscal debt record:
"January 20, 2009: The National Debt Was $10,626,877,048,913.08 (Obama Takes Office). (Treasury Department, accessed 5/23/12)
"May 22, 2012: The National Debt Was $15,721,218,607,447.09 (Most Recent). (Treasury Department, accessed 5/23/12)
"Obama Has Been In Office For 1,219 Days (1/20/09-5/22/12). (Convert Units, accessed 5/17/12)
"$5,094,341,558,534.01 (divided by) 1,219 Days (equals) $4,179,115,306/Day."
And people want to re-elect President Obama? Why?
It's tragically unfortunate that President Obama turned a deaf ear to the recommendations of the Bowles-Simpson deficit commission. Instead, while serially blaming his presidential predecessor for excessive spending, he skyrocketed the national budget, deficits and debt by trillions and trillions of dollars and, to boot, strapped upon our backs and those of our posterity trillions more for yet another socialized medicine program, called Obamacare.
Is the White House even listening anymore to anyone or just running amok its own way?
The actions of this White House remind me of an ancient proverb that says, "The way of a fool seems right to him, but a wise man listens to advice."
Next week, I will discuss how the first eight presidents handled national debt and what I know they would say to Obama, whether he wants to hear it or not.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins