Let’s talk about our national debt, which is really a disgrace to every American.
In 2008, when Obama was campaigning, he was all over Bush concerning how he handled the national debt, calling it “unpatriotic” and “irresponsible.” So let’s put our national debt under a microscope since Obama has taken office.
When Obama took the oath in 2009, the debt was $10.6 trillion, which was $4.9 trillion higher than when Bush took office. Obama, while campaigning in 2008, attacked Bush’s administration as “the most fiscally irresponsible administration that we have seen,” saying that there was a lack of honest accounting in the federal budget.
With so much emphasis by Obama on our national debt, you’d think that he would have tried to keep the $10.6 trillion debt level, or that he might work to even lower the debt ”“ but you’d be wrong. In the years that Obama has wielded power from the White House, our national debt has grown to $17.6 trillion ”“ well above the growth rate of the Bush Administration and well above the congressionally approved ceiling.
But worse than that folks, if Obama’s new budget goes through, our national debt would soar to $25 trillion in 2015. If Obama thought that $10.6 trillion was irresponsible, what should Americans be saying about the proposed $25 trillion? The annual interest on the current debt is more than $200 billion. That’s more than $55,000 for every man, woman and child in this country. In 2006, Obama cited raising the debt as “a sign of leadership failure.” Americans should not allow Obama to be exempt from his own observations. Not only has Obama shown signs of leadership failure, but he has, on handling the many crises and scandals in his administration, failed to lead.
The result of the actions of this totally irresponsible president is going to be lower economic growth for the country (if that is possible looking at the terrible economy since Obama took office); the potential for runaway inflation (when Obama was campaigning on “hope and change,” I don’t think he meant $7 loaves of bread as the result of this potential inflation); and a much-weakened dollar (already tumbling in the eyes of the international market).
Obama has failed on many levels as president, because his philosophy of the end justifies the means created dishonesty and fraud in his administration.
Carmine Castaldo, North Waterboro
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