Thursday, August 25, 2011

Are Deficits Unpatriotic? Apparently only if you are a Republican!

On the day before Independence Day 2008, Senator Barack Obama​ delivered this opinion of deficit spending at a campaign event:

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 children, driving up our national debt from $5 trillion for the first 42 presidents. Number 43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

(Emphasis mine.) President Obama has now added $4 trillion all by his lonesome… in less than half the time it took “Number 43.” Does he still think deficits are “unpatriotic,” or is that the wrong word?

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