Remember when then-Senator and candidate Barack Obama called George Bush irresponsible and unpatriotic for raising the debt ceiling? Well, he’s singing a different tune now that the national debt was raised to $16.4 trillion! By election day in November, that will mean every man, woman and child owes $50,000 toward the national debt. Keep in mind, that figure doesn’t count unfunded liabilities like Social Security, Medicare and public employee pensions.
At the time, Obama called raising the debt limit “a sign of leadership failure.” Out on the campaign trail in July 2008, he suggested the move was downright un-American.
“The problem is that the way Bush has done it in 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 from the first 42 presidents. No. 43 added $4 trillion by his lonesome. So 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, that’s unpatriotic,” he said.
In April 2011, during the heat of the debt ceiling debate with Congress, Obama expressed regret for his 2006 stance, which he said was delivered from “the vantage point of a senator versus the vantage point of a president.”
“When you’re a senator, traditionally what’s happened is, this is always a lousy vote. Nobody likes to be tagged as having increased the debt limit — for the United States by a trillion dollars. As president, you start realizing, you know what, we, we can’t play around with this stuff. This is the full faith and credit of the United States.”
Under Obama’s leadership, we’ve added more to the debt ceiling than any other president – ever. And he’s only been in office for three years. What do you think he’ll do with a second term? We’ll turn into Greece. Good grief.
Here’s the video from Fox and Friends this morning.
Via Fox Nation