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When Big Deficits Became Good

TX Yankee Wrote: Jan 10, 2013 8:31 AM
Rats...there is that pesky 47% figure yet again. Is it not simply amazing at the political skills of Team Obama to take a true statement by Romney and turn it into a hammer they used to bludgeon the right.

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...