In response to:

Obama: Anti-Founders Debt-Accumulating Spendthrift (Part 1 of 2)

wtmoore1 Wrote: Jul 10, 2012 3:24 PM

How old was Obama in 1965? It's his fault that social security and medicaid and medicare have ballooned in cost? Oh, I'm sorry, it's his fault for not swooping in and single-handedly fixing them, right? I don't know if you've heard, but there's this thing called Congress, and they are charged with the task of solving some of these problems, too --but they spend their time grandstanding to obstruct anything the President tries to do instead. Because that's responsible governing...

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Read Full Story

Obama: Anti-Founders Debt-Accumulating Spendthrift (Part 1 of 2)

In 2007, when I began writing my New York Times best-seller "Black Belt Patriotism," unemployment was less than 5 percent; the annual federal budget was about $2.9 trillion; the federal deficit was $161 billion; and the national debt was $9 trillion.

Today unemployment is stuck at 8.2 percent; the federal budget is $3.8 trillion; the national deficit is $1.3 trillion; and the national debt quickly is approaching a staggering $16 trillion.

And to add insult to injury, our vassalage to other countries deepens as they bankroll increasing amounts of U.S. debt, and more than 50 percent of our public debt is held by...

Related Tags: Unemployment National Debt Obama Economy taxpayers 1 Federal Budget unemployment rates