"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
Senator Barack H. Obama, March 2006
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 – #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.
Candidate Barack Obama, July, 2008
I just wish that those who support him would remember his own words. By his own definition, HE is 1.5 times more unpatriotic than Bush was. The same man who swore he was going to CUT the deficit in half by 2012. Instead, the yearly deficit has remained effectively unchanged, at 1.3 TRILLION dollars per year. The national debt was just overv 9 trillion dollars when Bush left office. After 8 years in office, the debt had risen $4.899 trillion. By March 19, 2012, the national debt had risen another 4.939 trillion, from 10.626 trillion to 15.566 trillion. Source As of Sept ember 4th, the Treasury dept announced it had crossed the 16 trillion mark. $50, 888.81 debt for every man, woman, and child in the US. On January 1, 2009, it was $29,683.11. That is an increase of $21205.70 per person. AND the population has increased since then.
Barack Hussein Obama. Unpatriotic. By his own words.