Another "Unpatriotic" Milestone In Obama's Ever-Increasing Legacy Of Debt
- Today, the National Public Debt just topped $19 trillion.
- Despite heralding the debt as "unpatriotic" and "irresponsible," the Obama administration has added $8.3 trillion to the ever-increasing debt.
- Clinton has given Obama an "A" grade for his handling of the national debt, and has refused to offer any plan for addressing the debt herself.
Under Obama's Watch, The National Debt Has Now Surpassed $19 Trillion. (U.S. Treasury Department, Accessed 2/1/16)
- When Obama Took Office, The National Debt Stood At $10.63 Trillion. (U.S. Treasury Department, Accessed 2/1/16)
- Since Obama Became President, The National Debt Has Increased By Over $8.3 Trillion. (U.S. Treasury Department, Accessed 2/1/16)
DESPITE EMPTY REHTORIC CALLING THE NATIONAL DEBT "IRRESPONSBILE" AND "UNPATRIOTIC," OBAMA HAS AMASSED TRILLIONS IN NEW DEBT
In 2008 - When The National Debt Was $9.5 Trillion - Obama Said Adding $4 Trillion To The National Debt Was "Irresponsible. It's Unpatriotic." OBAMA: "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." (Sen. Barack Obama, Remarks At A Campaign Event, Fargo, ND, 7/3/08)
From Then On, Our Road To $19 Trillion In Debt Has Been Littered With Obama's Empty Words
Obama Warned In His 2013 State Of The Union Address That The U.S.'s Debt Will Prevent Investment In Children And A Secure Retirement For Seniors. OBAMA: "Yes, the biggest driver of our long-term debt is the rising cost of health care for an aging population. And those of us who care deeply about programs like Medicare must embrace the need for modest reforms -- otherwise, our retirement programs will crowd out the investments we need for our children, and jeopardize the promise of a secure retirement for future generations." (President Barack Obama, Remarks By The President In The State Of The Union Address , Washington, D.C., 2/12/13)
In His 2012 State Of The Union Address, Obama Called For A Tax And Spending Plan That Shows "We're Serious About Paying Down Our Debt." OBAMA: "Do we want to keep these tax cuts for the wealthiest Americans? Or do we want to keep our investments in everything else -- like education and medical research; a strong military and care for our veterans? Because if we're serious about paying down our debt, we can't do both … As I told the Speaker this summer, I'm prepared to make more reforms that rein in the long-term costs of Medicare and Medicaid, and strengthen Social Security… But in return, we need to change our tax code so that people like me, and an awful lot of members of Congress, pay our fair share of taxes." (President Barack Obama, Remarks By The President In State Of The Union Address , Washington, D.C., 1/24/12)
Obama In His 2011 State Of The Union Address: "The Final Critical Step In Winning The Future Is To Make Sure We Aren't Buried Under A Mountain Of Debt." (President Barack Obama, Remarks By The President In State Of Union Address , Washington, D.C., 1/25/11)
Obama's 2010 State Of The Union Address: If We Don't "Rein In Our Debt, It Could Damage Our Markets, Increase The Cost Of Borrowing And Jeopardize Our Recovery." OBAMA: "But understand -- understand if we don't take meaningful steps to rein in our debt, it could damage our markets, increase the cost of borrowing, and jeopardize our recovery -- all of which would have an even worse effect on our job growth and family incomes." (President Barack Obama, Remarks by The President In State Of The Union Address, Washington, D.C., 1/27/10)
Obama, In His 2009 Joint Session To Congress: Confronting "Mountain Of Debt" Is "Our Responsibility." OBAMA: "The only way this century will be another American century is if we confront at last the price of our dependence on oil and the high cost of health care; the schools that aren't preparing our children and the mountain of debt they stand to inherit. That is our responsibility." (President Barack Obama, Address To Joint Session Of Congress , Washington, D.C., 2/24/09)
MEANWHILE, CLINTON HAS OFFERED NO PLAN TO ADDRESS THE SKYROCKETING NATIONAL DEBT, RATHER PLEDGING TO SPEND AN ADDITIONAL $1.2 TRILLION HERSELF
Not Long Ago, Clinton Viewed The National Debt As "A National Security Threat"
In 2010, Clinton Said The Debt Posed "A National Security Threat." HAASS: "Let me start where you began -- where you ended, rather, which was with all these things we want to do, and you called for strategic patience in Afghanistan and so forth. Yet the United States is soon approaching a point where the scale or size of our debt will exceed our GDP -- (off mike) -- question of when more than if. Where does national security contribute to the solution to running deficits of $1-1/2 trillion a year, or do we continue to carry out a foreign and defense policy as if we were not seriously resource-constrained?" CLINTON: "Well, Richard, first, you know, as I said, I think that our rising debt levels -- (off mike) -- poses a national security threat, and it poses a national security threat in two ways. It undermines our capacity to act in our own interest, and it does constrain us where constraint may be undesirable. And it also sends a message of weakness internationally. I mean, it is very troubling to me that we are losing the ability not only to chart our own destiny but to, you know, have the leverage that comes from this enormously effective economic engine that has powered American values and interests over so many years." (Hillary Clinton, Remarks, Washington, D.C., 9/8/10)
Today, Clinton Offers No Plan To Tame The Growing Debt
When Asked By A Student How She Would Handle The National Debt On The Campaign Trail Clinton Offered No Solution, And Launched Into A Series Of Partisan Attacks. QUESTIONER: "I travel all around the country asking, teaching kids all about the importance of making sense and being financially responsible. So, I'm asking all the presidential candidates about our 18 trillion dollar national debt. So, specifically what will you do? Thank you." CLINTON: "Well, for a little bit of historic context, and congratulations on your achievement and particularly your paying attention to this issue. Let's have a little historic context here. When my husband left the White House we had a balanced budget and surplus, and if we had stayed on, if we had stayed on a responsible fiscal path we could have, had we c hose, paid off our entire national debt. Unfortunately, that was not the path selected, by then President George W. Bush. Where he slashed taxes for the wealthy, he waged two wars without raising a penny to pay for them, the first time in American history that happened, and took his eyes off the financial markets and the mortgage markets and we know what happened, and we fell into a Great Recession and it required spending money as you often have to in times of great economic contraction, to be able to keep the economy going, to try to get it back on track. And indeed now the economy is growing again, our deficit is shrinking, but we are left with this large national debt. So, I think we should get back to sensible economic policies that put people to work, raise incomes, and begin to lower our national debt. And if you want to know the kinds of things I would do, please go to my website, Hillaryclinton.com. Also go and look at what my husband did because it worked. I'm not running for his third term, I'm running for my own first term, but I think it's important that people appreciate our economy does better when we have a democrat in the White House, and we will be able to do more to deal with the national debt, when I am President." (Hillary Clinton, Remarks In New Hampshire, 12/3/15)
While Directing People To Her Campaign Website, Clinton Has No Plan To Offer
Clinton Directed Those Interested In Her Plan To Tackle The National Debt To "Please Go To My Website, Hillaryclinton.com." CLINTON: "So, I think we should get back to sensible economic policies that put people to work, raise incomes, and begin to lower our national debt. And if you want to know the kinds of things I would do, please go to my website, Hillaryclinton.com. Also go and look at what my husband did because it worked. I'm not running for his third term, I'm running for my own first term, but I think it's important that people appreciate our economy does better when we have a democrat in the White House, and we will be able to do more to deal with the national debt, when I am President." (Hillary Clinton, Remarks At A Campaign Event, 12/3/15)
Instead, Clinton Proposes A $1.2 Trillion Spending Spree
Clinton Has Proposed A Total Of $1.203 Trillion In New Spending Programs Or Expanded Spending Over Ten Years. (Reuters, 11/29/15;The Briefing, Accessed 8/10/15; The Wall Street Journal, 9/14/15; The Associated Press , 7/27/15; The Hill, 11/12/15;The Wall Street Journal, 6/15/15;American Federation Of Teachers, 11/9/15; National Education Association, 2/2/15; The New York Times , 9/2/15; Correct The Record, Accessed 10/12/15; The Briefing¸ Accessed 11/30/15;Puerto Rico Healthcare Crisis Coalition, Accessed 12/1/15;The Briefing, 8/26/15;Federal Register, 12/12/14;The Briefing, 8/26/15;USDA, 10/2/15;The Briefing, Accessed 11/2/15; Department Of Justice, Accessed 11/30/15; The Briefing, Accessed 8/26/15;USDA, 1/12/15;The Briefing, Accessed 11/2/15;Reuters, 4/23/15;GAO, 03/14,USA Today , 12/22/15)
BUT THAT MAKES SENSE BECAUSE CLINTON SAYS OBAMA'S PRESIDENCY DESERVES AN "A" GRADE
In An Interview With The Boston Globe, Clinton Gave The Obama Administration An "A" For Its Overall Performance. CLINTON: "I'd give him an 'A.' I don't think he gets the credit he deserves for saving our economy from falling into a great depression, for saving the auto industry which represents millions of jobs up and down the supply chain, for beginning the crackdown on Wall Street abuses with Dodd-Frank, for getting the Affordable Care Act passed, for really being as responsive as he could possibly be given the obstructionism that he faced with the Republicans in Congress." (Hillary Clinton Interview With The Boston Globe, 10/17/15)
Elections Hillary Clinton