Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Dec 28, 2011
Obama railed against increasing the debt in 2008 when Bush ran up 4 trillion over eight years. Now Obama is asking for another 1.2 trillion after running the debt up 5 trillion in only 3 years. Here are some other comments by Obama when his passion was against the debt increase before he got to spend it: "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. 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 "Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let's invest in our people without leaving them a mountain of debt." -- President Barack Obama on his Office of Management and Budget website.
Secretary of State Hillary Clinton told the Council on Foreign Relations that our national debt is a national security risk echoing previous statements by Joint Chiefs Chairman Admiral Mullen, head of U.S. intelligence -- Dennis Blair, and all of America's intelligence agencies.
Our debt per taxpayer is going up one dollar every 40 minutes. That's Thirty six dollars a day, $13,140 per year.