It is a sad accomplishment. The U.S. officially reached $15 trillion in national debt in the last week. A trillion here, a trillion there, and pretty soon you’re talking about real money. When it comes to spending, things are a thousand times worse that in the days of the eloquent Everett Dirksen. I reckon a trillion just isn’t what it used to be and a billion is mere Obama chump change.
With another 1.5 trillion to be piled on in Obama’s fourth year, you’d think he and Congress would be hellbent on serious spending cuts but of course that would be wrong. It’s even possible if the guesstimates are off and the economy stalls even further, that we could be looking at another debt ceiling extension right before the November elections. Party on, America.
You will likely remember the Obama of 2008, the one who ripped President Bush for deficits and a national debt of $9 trillion. Then, right after he was elected he promised to cut the deficit in half by the end of his first term. Here’s an brand new RNC video to help you recall:
Promises, promises! From a deficit in Bush’s last year of $455 billion to this years Obama deficit of somewhere in the neighborhood of $1.5 trillion. So much for cutting the deficit in half. On his watch the deficit has grown to the stratosphere and U.S. national debt will have increased to around 17 trillion (+70%) by the end of his fourth year.
If, as Obama said in 2008, $9 trillion is unpatriotic, what is $17 trillion in debt? Criminal, that’s what, and that’s what we got in Obama.