Wednesday, September 7, 2011

Article: "US drops to 5th place"

The link: http://www.msnbc.msn.com/id/44423519/ns/business-stocks_and_economy/t/us-falls-th-global-competitiveness-survey-shows/?GT1=43001

" GENEVA — The U.S. has tumbled further down a global ranking of the world's most competitive economies, landing at fifth place because of its huge deficits and declining public faith in government, a global economic group said Wednesday. " (Link is msnbc.com's and is left intact. Emphasis added.)

I've added the emphasis due to something Mr Obama would like to forget. If you remember, he (rightly!) took President Bush to task for adding 4 trillion dollars to our debt during his eight years in office. I say rightly because you simply can't add more to the deficit. You just can't. When you do that, you leave it to your children (and possibly their children too) to pay back.

So Mr Obama rightly took President Bush to task. But how much debt did Mr Obama add in his TWO years?

4 trillion dollars.

Honestly.

Another link: http://www.cnsnews.com/node/72404

" Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data "

Telling, isn't it?

Consider this also. The link: http://www.conservativecommune.com/2011/08/4-trillion-in-debt-added-under-obama/

" Deficit spending has risen faster under Barack Obama than any other president in history. That’s not to say other presidents weren’t in the red during their administrations, but in the case of Obama, its over 4 trillion dollars in less than a single term. " (Link is Conservativecommune.com's and is left intact. Emphasis added.)

http://campaign2012.washingtonexaminer.com/article/york-spending-not-entitlements-created-deficits

Truer words were (almost) never spoken.

Probably the only thing more true is this: "Hell hath no fury like a woman scorned."

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