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May 26th, 2010 5:12 pm
Obama Propels Debt Past $13 Trillion Milestone
Posted by Print

This was Barack Obama’s official campaign website on September 9, 2008:

Today, we learned that Washington has run up a record budget deficit of $407 billion this year…  Obama will bring real change by cutting taxes for middle-class families and small businesses, paying for all his proposals to reduce the deficit, and will put America on a path towards fiscal responsibility and a stronger economy.”

Pretty bold stuff.  Reasonable minds knew then that an Obama victory would only exacerbate the nation’s deficit, even if the fawning mainstream media was refusing to press him on tough questions.  But even skeptics didn’t foresee just how bad and how rapidly he would do so.  Today, we received sobering news that the national debt surpassed the $13 trillion mark overnight.  That’s now $42,000 per American citizen, and $118,000 per American taxpayer.

And that $407 billion deficit that Obama cavalierly promised to reduce in September 2008?  He’s now raised it from $400 billion to $1.4 trillion.

That’s the type of change for which only America’s enemies could have hoped.

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