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Since the beginning of the 2000′s, the national debt has increased by $7,274,735,146,661.64, more in a period of ten years than in the previous 211 year history of the Republic.It's almost as if they can't spend us into oblivion fast enough.Obama’s share of that? So far, $2,423,949,411,973.89 in 499 days. Or over $4.8 billion in debt growth per day.
Under President Bush? Debt growth was at over $1.6 billion per day. Now, that $1.6 billion isn’t a good number, but it’s better than the $4.8 billion per day under Obama.
Now ask yourself this: Does the government have a revenue problem, meaning that we’re not taxed enough? Or does the government have a spending problem?
"We shall redouble our efforts, Lord Vader..."
Meanwhile, The One is channeling Han Solo: "It's not my fault! It's not my fault!"
2 comments:
"Under President Bush? Debt growth was at over $1.6 billion per day. Now, that $1.6 billion isn’t a good number, but it’s better than the $4.8 billion per day under Obama."
You know, I must say I get pretty "bleepin" tired of commentary such as this. Without the laundry list of supporting data as to the actual expenditures this says absolutely nothing (and we know we'll never get that because they purge the email servers regularly these days). One side is just as bad as the other, yet we (Americans) tolerate it all. Until the day comes when we stop giving money to nations like Israel, or actually cut back on the defense budget and bring our economic outposts home, or allow businesses to fail when they do something stupid then we all are complicit in this mess. So who really cares? I wonder how much more of the "glorious empire" the world will stand.
Yes, the comparison was probably a gratuitous partisan shot, but you have to admit the author acknowledged the "$1.6 billion a day" still wasn't good. You're right, we are all complicit in this mess. The main point of the article, and the reason I linked to it, is to show the acceleration of an already very dangerous trend.
As for foreign aid, it should be prohibited in any year in which we run a deficit (which shouldn't be permissible in the first place except during defensive war). Borrowing money to give away is simply insane.
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