“There is, of course, another responsibility we have to our children. And that is the responsibility to ensure that we do not pass on to them a debt they cannot pay. With the deficit we inherited, the cost of the crisis we face, and the long-term challenges we must meet, it has never been more important to ensure that as our economy recovers, we do what it takes to bring this deficit down.”
Address to Joint Session of Congress
February 24, 2009
You have to admit.
The man has nerve.
Democrats want to push the blame for the enormous national debt on George W. Bush.
But, in reality, Obama and Democrats will likely quadruple the national deficit in the first few months of the age of Obama:
Chart via RedState
And, despite the headlines about cutting the deficit—
They want to spend much more of your money on their pet projects.
By the way… Democrats have already spent twice as much as the cost of the War in Iraq.
They are likely to spend 6 times as much as the total cost of the Iraq War before they are through with their bailouts.
The “deficit they inherited” is a drop in the bucket to what they are doing to this economy.
But, don’t expect the media to point this out.
Power Line Forum has more on Obama’s early ties to the current meltdown.