A 2008 Sen. Obama quote: “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.”
Now the national debt is $16.5 trillion. Obama has added more to the debt during his first term than the first 42 presidents combined. Republicans in the House of Representatives want to tie spending cuts to a debt ceiling increase. So, what does President Obama say about raising the debt ceiling now?
Consider a quote from January 15:
“Now if the House and the Senate want to give me the authority so that they don’t have to take these tough votes, if they want to put the responsibility on me to raise the debt ceiling, I’m happily (sic) to take it. Mitch McConnell, the Republican leader in the Senate, had a proposal like that last year, and I’m happy to accept it. But if they want to keep this responsibility, then they need to go ahead and get it done. And you know, there are no magic tricks here. There are no loopholes.”
Hypocrisy? You make the call.