Obama The National Debt Hypocrite - Caught On Tape
Sep 16, 2011 at 10:20 AM
DailyBail in Debt & Deficit, National Debt, bush, debt, deficit, deficit, national debt, national debt watch, obama, obama, video
Video - On the 2008 campaign trail, Obama blames Bush for adding $4 trillion to the national debt, calling it 'irresponsible and unpatriotic' - July 3, 2008 - Runs 40 seconds
Quote:
"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."
The problem for Obama is the following (from CBS News):
Obama has already added over $4 trillion to the national debt in only 2 1/2 years, or exactly 945 days.
"The debt was $10.626 trillion on the day Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion. It's the most rapid increase in the debt under any U.S. president. The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush."