Wednesday, January 13, 2016
18 Trillion Things Left Out of State of Union Speech
Conservatives has had no love for Obama since the start of his presidency, but his failures, obvious to his critics, will be recognized by historians as they write the sad story of his wasteful presidency.
In yesterdays state of the union address, President Obama completely failed to mention the biggest legacy of his presidency - the $18 trillion debt. Twenty years ago, another Democrat Democrat Bill Clinton was forced by the Republican congress to balance the budget. For a couple of years the federal government actually spent less than it collected in taxes.
Then George Bush abandoned fiscal discipline and added nearly $6 trillion to the national debt. Obama promised to restore fiscal discipline when running for president, but once in office he completely ignored his Simpson-Bowles Commission and did absolutely nothing to address the problem, becoming the President to oversee the greatest increase of national debt in history. By the time he leaves office his bill to the country will be almost $7 trillion. That's about $70,000 per household.
What did your family get for your $70,000 share of more debt?
Presidents are supposed to do hard things. Southerner Harry Truman desegregated the military. Liberal Democrat John Kennedy lowered tax rates. Anti-communist Richard Nixon opened Communist China.
Obama couldn't step up and do the right thing.
America needed a big spending liberal like Obama to bring government spending under control. He could have done it with happy support from Republicans, but Obama is a small minded ideologue and America will suffer for his inaction for years.
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Posted by WW2 Fallen 100 Project at 12:26 PM