We recently learned that during the Obama presidency — which hasn’t even reached its third year — America has increased its debt by $4 trillion. That is to say, Obama has achieved in two-and-a-half years what it took George W. Bush two full terms in office to achieve. All of which makes this clip particularly delicious.
On July 3, 2008, presidential candidate Barack Obama said this:
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.
