Pay 'Til It Hurts, Then Really Start Paying. And Hurting.
Columnist Ron Hart, writing at The Daily Caller:
While the Democrats are awful, Republicans under George Bush were also a fiscal disappointment. Federal outlays (spending) grew from $1.86 trillion in 2001 to $3.5 trillion in 2009. As bad as the GOP President and Democrat Congress were in the late 2000s, Obama is making Bush look like a piker. His deficit spending alone will equal the entire 2001 budget outlays of about $1.8 trillion. Yes, our budget deficit is now equal to the entire spending of our government ten years ago.
And over the next 10 years, it is predicted that our deficit will be $10 trillion more — not the "change" we voted for. It took Bush eight years and two unnecessary wars to amass $3.3 trillion in debt; Obama will rack up $4.7 trillion in what I hope will be only four years. He is also trying to use the Gulf oil spill (never let a disaster go to waste) to pass his Cap-and-Tax climate bill, which will cost us jobs and untold trillions more.
We are so in debt to China that President Obama had to visit their president in his first year in office. It was an important meeting between the most powerful communist leader in the world and the president of China.
