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 the national debt from 5 trillion for the first 42 presidents — number 43 added 4 trillion dollars by his lonesome, so that we now have 9 trillion dollars 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.
When Obama took his case for raising the debt ceiling to the American people in a nationally televised speech on July 25, 2011, he did mention Ronald Reagan and other conservatives. What he didn’t say on this occasion but said previously, back when he was a U.S. senator and voted no to a measure to raise the debt ceiling under George W. Bush, was, “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 U.S. Government can’t pay its own bills.”
Democrat, Hypocrisy, Liberal, Government, Incompetence, Obama, Financial, Oops, Debt
"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 can not 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."
Barack Obama In 2008:
Adding $4 Trillion to Debt is Unpatriotic
[Jan 2016]: The debt of the federal government increased by $8,314,529,850,339.07 in President Barack Obama’s first seven years in office, according to official data published by the U.S. Treasury. That equals $70,612.91 in net federal borrowing for each of the 117,480,000 households that the Census Bureau estimates were in the United States as of September.
Democrat, Hypocrisy, Liberal, Government, Incompetence, Obama, Financial, Funny, Debt
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 dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child. It's irresponsible. IT'S UNPATRIOTIC!
Hypocrisy, Liberal, Debt
MoveOn.org took a quarrel with President Bush’s spending and put out this ad back in March of 2008.