Showing posts with label George W. Bush. Show all posts
Showing posts with label George W. Bush. Show all posts

Wednesday, August 24, 2011

Another Quote On The U.S. 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 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." Presidential Candidate Barack Obama in Fargo, ND Campaign Event July 3, 2008

Remember, Barack Obama would not wear a U.S. Flag lapel pin on the campaign trail, preferring to find other methods for expressing his love for the USA and all it stands for; The U.S. Constitution and the rights it protects.

A Quote and an Observation



"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests." - Founding Father Patrick Henry

I just read an interesting article on the "Debt Runup Race" between George W. Bush and Barack H. Obama. Bush took 96 months to add $4.9 trillion to the U.S. debt. In 31 months Obama added $4.0 trillion to the U.S. debt. Is Bush a slacker compared to the overachieving Obama?? Or is it the other way around, Bush is an overachiever in fiscal responsibility compared to Obama's tax and spend, rinse and repeat approach to the U.S. debt problem??? Unless Obama really puts the brakes on the pending train wreck of the U.S. debt, I think Obama's one term spending will make Bush look like a penny-pincher, not a common characteristic of a U.S. politician, regardless of party.