Obama Debt Increasing National Debt At Record Pace

October 19, 2010

According to the Treasury Department, the Obama debt is increasing the National Debt beyond $13.6 trillion.  The National Dept has increased more than $3 trillion due to the Obama debt added in the last 2 years.  According to the national debt clock, the current national debt stands at $13.6 trillion and climbing.

Before the Obama debt was added to the national debt, the total national debt stood at $10.63 trillion.

The Obama administration likes to blame the Bush debt.  “By the time I got into office we already had a $1.3 trillion deficit and we had exploded the national debt,” he said last month during one of his backyard chats with Americans.  However, President Obama fails to understand (or explain) who is largely to blame for the Bush deficits.  He also neglects to mention that he was in congress (although mostly campaigning for President) during the largest national deficit increases.

The President creates a budget proposal that is sent to Congress.  Congress is responsible to set the spending levels and passes the budget.  Democrats were in charge of Congress for the last two years of the Bush administration.  The Democrats could have easily cut the national deficit and national debt by cutting spending.  However, they choose to almost triple the debt.

The Bush debt is indefensible, but the American people are getting tired of hearing how Bush is to blame for all of Obama’s issues. 

The Republicans are set to take over the House and make substantial gains in the Senate.  Let us all hope that our government will stop running up the national dept by continuing to spend irresponsibly.

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