From George to George (Washington to W. Bush), this nation accumulated $10 trillion in debt. Ha! Barack Obama may prove to be a better borrower than all previous U.S. presidents put together!
On Friday, the government quietly let it be known that the national debt has now topped $18 trillion, which means Obama has racked up $8 trillion all by himself. No wonder he freaks out when the government's credit rating is downgraded. If there's one thing this guy must be able to do in order to operate, it's borrow money.
You probably didn't hear about this because the media was too busy either with Ferguson or with its obsessive coverage of some low-level Republican congressional staffer who said something unflattering about the Obama daughters on Facebook. We need to be sure to cover the real news here.
A couple things about this:
First, you may remember that in 2008, Obama responded to a charge by John McCain that he planned to explode federal spending by insisting he was going to cut more than he was going to introduce in new spending. I see. I guess that turned out sort of like "if you like your plan you can keep your plan." If there's one thing you should know is absolutely meaningless, it's the words that come out of Obama's mouth.
But even better is his comment from 2004, when he excoriated Bush Administration deficit spending and said it was the most fiscally irresponsible administration in the nation's history. That's a good one coming from the guy who ran deficits north of $1 trillion in each of the first five years of his presidency.
It would be some achievement for Obama to run up $10 trillion in debt all by himself after the previous 43 presidents ran up that much combined, and it will probably be only the Republican Congress that stops it from happening. But beyond all that, I have a question: Would you even know about this if you hadn't read it here?
Someone has to do the media's job, and that certainly isn't going to be the media.
