Lets talk about the debt

“There is another responsibility we have to our children… 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.” - Obama, 24 Feb 2009

Let’s look at that Bush budget deficit: During the last administration, it took over 2.5 years for the National Debt to increase a trillion dollars. But by the time former president George W. Bush left office, he had run up the deficit by a record amount: $4.9-trillion over eight years. When the Democrats gained control of Congress on January 4, 2007, the national debt was around $8.67 trillion. In the two years Pelosi and the Democrats were in charge of the national purse during the Bush Presidency, the National Debt grew to $10.7 trillion. That means $2.03 trillion has been added to the national debt for an increase of 23% increase in the two years the Democrats have controlled Congress under Bush. This is almost one half of the entire increase under the Bush Presidency. Under Barry's leadership the Democrats have presided over increases of more than a trillion dollars. This is in around 7 months! So under the Democratic leadership in Congress the debt has increased over $3 trillion in 2.7 years. Unprecedented numbers in history. Now the Democrats want to ram government run health care down our throats which will cost another $1 trillion as estimated bt the CBO. When is it going to end. The interest on the debt is something like $500 billion a year alone.

Before we as a nation perform any more socialist tinkering we need to stop this spending before it is too late.