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When Big Deficits Became Good

NewJAl Wrote: Jan 10, 2013 10:21 AM
So pleased to see more and more Americans telling it like it is. Obama is not clueless. He is not ignorant as to how this Country could prosper or how we could become energy independent. American success is not his goal. I go by what he does, not his words. Words are cheap. I go by who he hangs with and who applauds him.

As a senator and presidential candidate, Barack Obama said that he detested budget deficits. In 2006, when the aggregate national debt was almost $8 trillion less than today, he blasted George W. Bush's chronic borrowing and refused to vote for upping the debt ceiling: "Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.'"

In 2008, Obama further blasted Bush's continued Keynesian borrowing: "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...