John Bolton

John Bolton

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Monday, July 30, 2012

Exactly Four Years Ago Obama Promised Fiscal Responsiblity

He delivered exactly the opposite!

On July 30, 2008 then Senator Barack H. Obama hosted a townhall meeting in Springfield, Illinois. The topic was Economic Security. Here's a clip:

OBAMA: "We can choose another four years of reckless fiscal policies that George Bush has implemented; taken our national debt from $5 trillion to over $9 trillion in the span of ten, uh eight years, mortgaging our children's future on a mountain of debt or we can restore some fiscal responsibility in Washington."

How odd that we don't find this speech on the Obama Speech downloads page! This is also the same speech in which he promises that families who make less than $250,000 will not see any tax increase. I guess this is history they want to forget.

But we also remember how Obama attacked President Bush as "unpatriotic" and "irresponsible" for increasing the national debt $4 trillion in eight years. He's run the debt up $5 trillion in under four.

Democrats have trotted out the laughable excuse that the debt in Obama's early years is Bush's fault. That ignores the fact that it was Obama who signed the legislation authorizing the spending. No one except the willfully ignorant will be misled by the fiscal irresponsibility of the Obama Administration. By Obama's standards for Bush, his own fiscal conduct is UNPATRIOTIC!

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