Back in July 2008, presidential candidate Barack Obama said this about the president at the time, George W. Bush: “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 dollars for the first 42 presidents -- number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back -- $30,000 for every man, woman and child.” Candidate Obama characterized President Bush’s actions regarding the national debt as “unpatriotic” and “irresponsible.” And you know what? I agree.
In the 6-1/2 years since Mr. Obama took office in January 2009, the national debt has increased by another 9 trillion dollars; it now stands at $18 trillion. The debt is expected to reach $22 trillion by the time he leaves office.
Wait. What?! When Bush increased the national debt by $4 trillion in eight years, it was unpatriotic and irresponsible. So what would you call it when the debt increases by $9 trillion in 6-1/2 years?
If an enemy foreign power wished to destroy our nation, a sinister and effective tactic would be to saddle future generations of Americans with a crushing debt that can never be repaid. When it finally “hits the fan,” it is not gonna be pretty. Calamities of biblical proportion never are. When that time comes (not if, by the way), you’d better have a good supply of the “Five B’s”: beans, blankets, boots, bullets, and Bibles.