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July 3, 2008: Obama says adding $4 trillion to debt is unpatriotic

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Uploaded on Aug 24, 2011

"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." - Barack Obama, July 3, 2008

CBS News, August 23, 2011:

The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama's watch. The debt was $10.626 trillion on the day Mr. 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. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term...The Gross National Debt now stands at 97.6 percent of the nation's Gross Domestic Product - the total value of goods and services produced by labor and property in the U.S.

More here: http://bit.ly/npwTdV

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Top Comments

  • MRSAUCEDOG

    Unpatriotic??? Really??? When this dumb ass took office in Jan. 2009 the debt was a little over 10 trillion. 2012 its over or close to 15 trillion! Bush accumulated 4 trillion in 8 yrs...Obama 5 trillion in 4 yrs... who is un patriotic? Fuck all liberals and DUMBacrats!

    · 10

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  • Goldclaw837

    This marxist lying crook has added 5 trillion to the debt in just 3 1/2 years--how do you explain that jungle king???

    · 3

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  • federalwarhawk

    According to the liberals, Bush was a moron and a idiot, and did not know any better, but Obama by his own statement ,knows it's wrong,so Obama's spending is not only unpatriotic, it is also criminal, bordering on high treason.

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  • jaykerouac2

    The United States is hopeless and will never recover because demographically, the dimwits outnumber the clear thinkers.

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  • William Stickroe

    You're right, the problem is that the majority of the dumb people in this country would rather see Obama re-elected then an unknown in Romney. Either that people do realize the fiscal disaster we are heading toward but just don't care.

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    in reply to JimmyKnuckles32 (Show the comment)
  • Ray Bois

    No, I don't think that is what he believes. But that is what he is counting on the poor to believe, so that they will continue to vote for him and his ilk. If the poor believe his spread teh wealth mantra, then they will make sure to keep electing the people that will spread that wealth.

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    in reply to Jack Black (Show the comment)
  • JimmyKnuckles32

    ...and the American public is just plain dumb. The polls showed that 58% of the country felt we were on the wrong track. Polls showed 55% of Americans believe the government is infringing into our personal lives and freedoms. And at the time of these polls Obama had a 60% approval rating. Lol explain that

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  • JimmyKnuckles32

    Unreal. Why doesn't this run on tv 24/7 every time he says this is no issue

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  • Patriot Dee

    wow thats calling the kettle black( oooooooooo that racist?)

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  • MrAlekz

    Classic politician, lying to keep in power... Our country is run by lying baboons, I mean I know he's a good speaker but how can you actually believe what he says I want I laugh but its sad people are so blind.

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  • NorthsideBill

    Atually I dont. But I know damn well he is better than Romney would have been for this country and is orders of magnitude better a leader than Bush ever was or could be.

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    in reply to Jack Black (Show the comment)
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