The news Wednesday from the Congressional Budget Office that the Obama Administration would rack up another record deficit for the year estimated at $1.3 trillion won't surprise anyone. After all, the previous record deficits were from the first two years of the Obama Administration and continued high deficits are projected for years to come as the Obama spending spree rolls on.
The following video clip from then candidate Senator Obama in July 2008 has been making the rounds and it's worth a look:
Sen. 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."By the end of his third year in office Obama will have topped George Bush's $4 trillion in new debt over eight years and then some.
Can we now say Obama is "unpatriotic" or will the same civility police that regularly use those terms and worse to describe Republicans jump all over us for turning Obama's own words against him?