Tuesday, September 4, 2012

I Got 16 Trillion Problems...

It's official, our national debt has reached $16 trillion dollars, just in time for the start of the DNC. It hit that milestone a little after 4:00pm EST. It's 4:30 right now and debt has already gone up $50 million. Right after that sentence usually comes the typical "blame bush," so let's put it into perspective. Bush, ran up the debt, no doubt about that. Two wars and a host of other bad decisions.

Bush nearly doubled the debt from $5.76 trillion to $10.62 trillion. Obama went from that to $16 trillion. One could say Bush did worse, and one may be right. However, Bush's debt was accumulated over eight years, not three years and seven months like Obama. On average, Bush added about $607 billion every year. Obama has added over $1 trillion every year. Either way, Obama has accumulated more debt than Bush and he did it in less than half the time. Unless you live on the other side of the looking glass, $16 trillion is not better than $10.62 trillion. The "blame bush" isn't going to work. Save it.

All the time I hear "Obama inherited..." and whatever else. Obama didn't inherit a bad situation. He bought it with campaign money. He asked for it, asked America to give it to him; and on January 20, 2009, he accepted it. Obama's the boss now and it's his responsibility, not Bush's. It's time to move on from that and treat Obama like an adult and hold him accountable. Giving Obama four more years isn't going to make things better because Obama fails to see what he's done wrong.

It's about 4:50pm EST and the debt has increased a little over $25 million.

2 comments:

  1. "Obama didn't inherit a bad situation. He bought it with campaign money. He asked for it, asked America to give it to him; and on January 20, 2009, he accepted it. Obama's the boss now and it's his responsibility, not Bush's. It's time to move on from that and treat Obama like an adult and hold him accountable. Giving Obama four more years isn't going to make things better because Obama fails to see what he's done wrong."

    Very well said!

    ReplyDelete
  2. Excellent cogent analysis.

    If only the newspapers would hire rational writers like Savvy.

    ReplyDelete

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