Friday, May 25, 2012

Obama: Republicans “Run Up These Wild Debts…”


In a video posted by Real Clear Politics on May 24, 2012, it shows that Barrack Obama is either a liar, completely out of touch, or he just doesn’t understand basic math.  You know… the kind with numbers. In parts of his speech, the President had the nerve to say,
I don’t know how they’ve been bamboozling folks into thinking that they are the responsible, fiscally-disciplined party. They run up these wild debts and then when we take over we have to clean it up,” Obama said. “And then they point and say, ‘Look how irresponsible they are.’ Look at facts, look at the numbers. And now I want to finish the job…”
While yes, the Republicans did run roughly $5 trillion in debts in the 8 years prior to Obama’s administration, the President appears to make it seem as if conservatives are responsible for the current May 24, 2012 national debt amount of $15,728,768,503,656.66, as reported on 7:49:43 PM GMT on

Even CBS New’s own Mark Knoller reports,
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.”
What he’s saying is that the Obama administration has already passed the Bush administration in out-of-control spending, and conservatives haven’t even kicked him out of the White House in November yet.  We must also remind him that Bush ran up $5 trillion in 8 years, while Obama has run up $5 trillion in less than 4 years.   

Mathematically speaking, he’s twice as fiscally irresponsible than Bush ever could have been.

Knoller further states,
The federal budget sent to Congress last month by Mr. Obama, projects the National Debt will continue to rise as far as the eye can see. The budget shows the Debt hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9 trillion in 2022.”
This shows that Obama will grossly outspend Bush by the time he leaves office.  So, if Obama is attempting to bark up this tree once he is realizing that going after Bain Capital isn’t working for him; then we should remind him to be a big boy and use his numbers.

Obama says, “Look at facts, look at the numbers.” Well, Mr. President, I just did.  If this is what he means by “clean it up”, I’d hate to see the way our financial situation looks like if he actually finishes the job.

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