What? Obama Borrowed $5 Trillion in 3 Years?
- By: Larry Walker, Jr. -
It was back on July 3, 2008 when Barack Obama exclaimed, “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents - #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.”
To be fair, it took Bush a full 8 years to run up a $4 trillion dollar tab, yet just three years into his one-term proposition, Obama has already run up another $5 trillion, by his lonesome. So what does that make him, a genius? Today we have a national debt of $15.1 trillion that we are going to have to pay back -- $48,254 for every man, woman and child, and $133,993 for every U.S. taxpayer. So it may be said that Obama’s record on the national debt is 333 times more irresponsible, and 333 times more unpatriotic, right? But let’s just call it, “Not Fair”.
To be equitable, all that Obama has accomplished, thus far, is to hand every citizen a $48,254 handicap, and to put every U.S. taxpayer $133,993 in the hole. Since I officially became a grandfather in October of this year, the thought of this lying, hypocrite lecturing my children and grandchildren about fairness, as he hands them each their share of $133,993 of the U.S. debt, because they will surely inure their 'fair share', makes me sick. Fair shot, fair share, same rules?
The quotation "All men are created equal" has been called an "immortal declaration". So can Obama top this?
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the Pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed....” ~U.S. Declaration of Independence
I didn’t think so. Somebody needs to tell the idiot-in-chief that in America, everybody has a fair shot, everybody pays their fair share, and everyone plays by the same rules; the only exception being perhaps he and his cronies.
According to the U.S. Census Bureau, household income is a product of ones level of education. It’s a fact that households with a Bachelor’s Degree, or greater, earn higher incomes. So if you want more income, you better finish college, otherwise, be happy with what you get, because it could be a lot worse. After all, this isn't the 3rd world. American’s know the drill, and we make the choices that we need to make, to get where we want to be. And if we fall short, we push our children forward.
Those with less than a 9th grade education can expect to earn median incomes of $21,254, and mean incomes of $30,232, while those with some college can expect median incomes of $48,722, and mean incomes of $61,026. In contrast, those with professional degrees may expect to earn median incomes of $119,825, and mean incomes of $159,202. So anyone who wants to earn their ‘fair share’ should be prepared to plot their 'own course', and complete the necessary work. How high each wants to rise, and how they get there is a matter of free will.
Don’t lecture me about fairness. As far as I’m concerned it would be fair to put debt ridden administrations, like this one, and their political minions away – in the nearest penitentiary. Yeah, 14 years would send a powerful message. You want to overspend and force me, my children and grandchildren into debt; then you should pay the ultimate price. You talk about a fair deal? Is it fair for the federal government to be sitting on its collective butt, borrowing $4 billion per day on “our” behalf? I say not. That’s why you can take your 2% payroll tax cut and shove it! Then you can get off the stump, cancel that vacation, curb government spending and balance our collective budget. Otherwise prepare to be ‘thrown’ out of office, and to inherit your just deserts.