Thursday, December 6, 2012

Obama's Debt Concepts: Then and Now

President Obama is still out campaigning for his tax hike on the rich which if passed will do zero to pay down the deficit or decrease U.S. debt. In fact, if Obama gets the rich to pay just a little more of their "fair share," we'll be able run the federal government for a whopping 7 days if we're lucky. But what happened to the Obama who used to actually talk about debt and portray it as a bad thing? Oh how we long for the good old days. When Bush left office, the National Debt stood at $10 trillion. After Obama's first term, it sits at more than $16 trillion and for each of the past four years, the United States has posted trillion dollar deficits.

Read more: http://townhall.com/tipsheet/katiepavlich/2012/12/05/obamas_debt_concepts_then_and_now

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