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?
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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