I know it’s not all Obama’s fault, per se. But truth be told, Obama blamed Bush personally for the astronomical national debt and deficits that were incurred during his tenure as President. If he can blame Bush for that, then we can blame Obama for doing the same thing. Except, in this case, it’s a lot worse than Bush. Here’s CNS News:
The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.
That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation’s existence–from 1776 through 2003.
The total federal debt first passed the $7-trillion mark on Jan. 15, 2004, after President George W. Bush had been in office almost three years.
When President Obama took office on Jan. 20, 2009, the total federal debt was $10,626,877,048,913.08. As of the close of business on July 30, 2014, it had risen to $17,618,599,653,160.19–up $6,991,722,604,247.11 from Obama’s first inauguration day.
By the close of business on July 31, 2014, it had risen to $17,687,136,723,410.59—up $7,060,259,674,497.51 since Obama first inauguration day.
As of June, there were 115,097,000 households in the United States, according to the U.S. Census Bureau. The $17,687,136,723,410.59 in debt the federal government had accumulated as of the end of July equaled $153,671.57 per household.
The $7,060,259,674,497.51 in new debt that the federal government has taken on during Obama’s presidency equals $61,341.82 per household.
The median household income in the United States in 2012 (the latest year estimated) was $51,017. Thus, President Obama has increased the federal debt by more than the typical household’s annual income.
Democrats and their cheerleaders only cared about the national debt when a Republican was President. Now that we have a Democrat for a President, any criticism of the current national debt is “racist.” And now that a Democrat is in the White House, debt is something that’s necessary.
It wasn’t necessary under Bush, and it was “unpatriotic” and “irresponsible.” But under Obama, it’s been the patriotic and responsible thing to do. Bush’s wars were unconstitutional and a waste of money, but Obama’s wars have been constitutional and worth the debt they’ve accrued.
Things never change from administration to administration, except for the direction of the finger-pointing.