President Obama once asked a campaign crowd in 2008 what to do when you're trying to get out of a hole. Uniformly, the crowd responded: stop digging.
Yet three years into his term, the president is digging a deficit hole that so far is deeper than the one he complained President George W. Bush had dug during his eight years in office.
From the time Bush took office in January 2001 to his departure on Jan. 20, 2009, the debt increased $4.9 trillion -- from $5.73 trillion to $10.63 trillion. The debt now stands at $15.57 trillion, up $4.94 trillion since Obama took office less than four years ago.
When Obama was campaigning, he called the debt increase under Bush "irresponsible" and "unpatriotic."
2 comments:
I guess a historic recession didn't have anything to do with it huh?
6:42
Why do you think we have a historic recession. 6 trillion of government money pushing out private investment have anything to do with it you moron?
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