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Once a Critic of Deficits, Obama Now Goes for Broke

Bill258 Wrote: Jan 22, 2013 10:07 AM
During the 2008 campaign, Czar Obama said, "So the first thing that we're going to have to do is to stop adding to our deficit." 4 years later, Czar Obama and tax-spend big-government politicians are driving the U.S. bus closer to the same cliff that Greece, Spain and Italy plunged over. During the 47 full months of Czar Obama's reign, the national debt increased by $5.80 trillion to $16.43 trillion, at an annual rate of $1.48 trillion. The increase in the last 12 months was $1.21 trillion. During Bush's 95 full months, the debt increased $4.98 trillion at an annual rate of $0.63 trillion. Obama's rate is 2.35 times Bush's. Bush was bad ... Obama is horrible. newsandopinions dot net
"You don't have to be a deficit hawk to be disturbed by the growing gap between revenues and expenses," said Sen. Barack Obama during a Nov. 3, 2005, debate on the Senate floor. At the time, Obama had been a senator for less than a year and the federal budget deficit was in fact shrinking, from $248 billion in fiscal 2006 to $160 billion in fiscal 2007. Still, Obama seemed deeply concerned about the deficit, and he appeared to believe it when he said the only way to close the shortfalls was to force Congress to pay for what it...