We recently examined the misinformation around the accusation that Bush inherited a surplus and ran up the national debt, and it's an argument on thin ice. Still, let's hypothetically say it's a completely valid charge…where does that leave us now, in the aftermath of Obama's ascension…I mean, election? Right about here:
“There is, of course, another responsibility we have to our children. And that is the responsibility to ensure that we do not pass on to them a debt they cannot pay. With the deficit we inherited, the cost of the crisis we face, and the long-term challenges we must meet, it has never been more important to ensure that as our economy recovers, we do what it takes to bring this deficit down.”
Address to Joint Session of Congress
February 24, 2009
You have to admit.
The man has nerve.
Democrats want to push the blame for the enormous national debt on George W. Bush.
But, in reality, Obama and Democrats will likely quadruple the national debt in the first few months of their rule:
Chart via RedState
And, despite the headlines about cutting debt—
They want to spend much more of your money on their pet projects.
By the way… Democrats have already spent twice as much as the cost of the War in Iraq.
They are likely to spend 6 times as much as the total cost of the Iraq War this before they are through with their bailouts.
The “deficit they inherited” is a drop in the bucket to what they are doing to this economy.
But, don't expect the media to point this out.
So, the reality is that for Obama and the Democrats to hammer on Bush and the Republicans for running up the national debt is something like a 5-year meth user scolding a kid for smoking pot a couple times.
On a related note, the House today passed Obama's omnibus spending bill. Yes, that's right…the one with 9,000 earmarks in it. Fox News via Gateway Pundit:
The Democratic-controlled House approved $410 billion legislation Wednesday that boosted domestic programs, bristled with earmarks and chipped away at policies left behind by the Bush administration.
The vote was 245-178, largely along party lines.
Republicans assailed the measure as too costly — particularly on the heels of a $787 billion stimulus bill that President Barack Obama signed last week. But Democrats jabbed back.
“The same people who drove the economy into the ditch are now complaining about the size of the tow truck,” said Rep. James McGovern, D-Mass., pointing out the large increase in deficits that President George W. Bush and GOP-controlled Congresses amassed.
Perhaps so, but would it be okay to complain about the Democrats quadrupling the depth of the ditch?
There's my two cents.