“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack Obama when the debt was “only” about $10 trillion.

In 2008 Obama had this to say about the debt:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Senator Barack Obama when the debt was “only” about $10 trillion.

Obama promised to cut the deficit in half but what are the results? Record deficits exceeding a trillion dollars every year he has been in office. What have the Democrats offered? The Democrat controlled senate has not even passed a budget in three years. Is this any way to run a country?

“Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let’s invest in our people without leaving them a mountain of debt.” — President Barack Obama on his Office of Management and Budget website. [emphasis added]

 

Under less than four years of Obama, foreign debt has almost doubled. Why should that matter? Secretary of State Hillary Clinton told the Council on Foreign Relations that our national debt is a national security risk echoing previous statements by Joint Chiefs Chairman Admiral Mullen, head of U.S. intelligence – Dennis Blair, and all of America’s intelligence agencies.

Obama’s real plan is to continue deficit spending which will then force an increase in taxation. His constant mantra has been tax the rich. Make everyone pay their “fair share.” Even though 47% of Americans pay no tax at all and according to the Congressional Budget Office (CBO), the average American in the top 1 percent earns 20 times what the average American earns, yet pays 40 times the taxes. This is Obama’s Marxist ideology.

 

Also please consider:

Has Obama Already Bankrupted America?

 

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