Obama's trillions dwarf Bush's 'dangerous' spending

[Chris_]

Obama's trillions dwarf Bush's 'dangerous' spending

Pelosi and Reid called Bush's budgets "dangerous" and "unpatriotic," but with Obama, they've changed their tune
Back in 2006, when Democrats were hoping to win control of the House and Senate, party leaders worked themselves into a righteous outrage over the issue of out-of-control federal spending. Rep. Nancy Pelosi, D-Calif., called the Republican budget “irresponsible” and “unpatriotic” because it increased the amount of U.S. debt held by foreign countries. Sen. Harry Reid, D-Nev., accused Republicans of going on “an unprecedented and dangerous borrowing spree” and declared GOP leadership “the most fiscally irresponsible in the history of our country … no other president or Congress even comes close.”

*snip*

And what about the national debt? It increased from $5 trillion to $10 trillion in the Bush years, leading to dramatically higher interest costs. “We pay in interest four times more than we spend on education and four times what it will cost to cover 10 million children with health insurance for five years,” Pelosi said in 2007. “That’s fiscal irresponsibility.”

Now, under Obama, the national debt — and the interest payments — will increase at a far faster rate than during the Bush years.

“We thought the Bush deficits were big at the time,” Senate Minority Leader Mitch McConnell, told me this week as he prepared to attend Obama’s Fiscal Responsibility Summit. “But this is going to make the previous administration look like rank amateurs. We could be adding multiple trillions to the national debt in the first year.”

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Yep, complaints from the left about deficit spending are gone.   

[JohnnyReb]

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Yep, complaints from the left about deficit spending are gone.   

The liberal credit card has no limits.

[thundley4]

But, but it's different when the debt in increased for the right leftist causes.