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Published on Aug 25, 2011
OweBama says, "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!"
The irony is that what Bush did in 8 years, OweBama did in just 2.5 years...and he's not close to finished spending us into prosperity. Keep spending and raising that ceiling. Yeehaw!
Truth is, Speaker Pelosi and the democrat controlled congress (responsible for the "purse strings") were behind the spending spree from 2006-2010 as the debt increased by $5 Trillion. The current Senate will not allow spending cuts, but their time is up, the 2012 election is coming. The economy can't withstand any further wasteful gov't spending.