The next time a Republican tries to blame the increasing National Debt on Obama, just mention to them how much the annual interest alone is running on the debt he inherited from all of the past Republican Administrations. The answer? It's close to $0.5 Trillion/year. So given that Obama has been in office for about three years, the national debt could go up $1.5 Trillion and NONE of it would be his fault. One could add in the $1.5 Trillion deficit Bush Jr. left him, as well as the deep recession that he inherited that required many emergency steps ($) to contain. All those would give ample justification for whatever deficits may have/will have resulted on his watch. Too bad the Republicans do not have such justifications for their own gross fiscal mismanagement. Republicans claim they are fiscal conservatives and have great business sense. Too much relevant evidence says no.

Comments

Add comment

Login or register to post comments

Currently Chatting

Obamacare is not some socialist marxist leftist plot...

Obamacare is not some crazy communist, left-wing, socialist plot. It’s a Republican plot.

Back in 1971, then President Richard Nixon was extremely concerned that he would have to face then Senator Ted Kennedy in the 1972 presidential election. At that time, Senator Kennedy was pushing a proposal for a national single-payer healthcare plan that would extend coverage to all Americans.