I have my criticisms of Bush, but I never doubted Bush's love for this country and his patriotism. I cannot say that about Obama, who has increased the deficit on an unprecedented on an unimaginable scale. Obama scammed us for that huge stimulus boondoggle that failed miserably. Obama added more to the national debt in his first 19 months than all the presidents before him combined, from Washington through Reagan. That is sheer recklessness, if not downright intent to harm.
He told us he needed to do it or unemployment would reach 8%. Well, unemployment now stands at 11% (if you use Obama's numbers) or 19% (if you use actual numbers).
He crammed down our throats that unconstitutional Obamacare disaster that was written in secret, and voted on by politicians who admitted they never even read the bill. The pain from that won't kick in until next year. Just wait.
Obama also inherited a AAA credit rating from Bush, and we all know what just happened to that. According to S&P the ballooning of the deficit, debt and borrowing limits under Obama is what caused the downgrade. In fact, S&P also said that if 'cut, cap and balance' had passed, the downgrade would never have happened.
In case anyone missed it, 'cut, cap and balance' was the bill that first came out which was backed by the newly-elected tea party Republicans. Harry Reid said it would be "dead on arrival" in the Senate, and Obama said even if it managed to reach his desk, he'd veto it. So that bill went away, and they came up with the one that merely kicks the can down the road. Along comes the downgrade and guess what...Obama, Reid and the Democrats blame the tea party. Go figure.
It's not rocket science. If any individual lived their own life the way the government has operated, their credit would be suffering too...and they'd be bankrupt. If you don't believe it, increase the amount of money you spend on your lifestyle by 40% of what you earn, and borrow the $40% to make it happen. Keep spending and keep borrowing until you cannot borrow anymore, and the owed interest has put you over the edge.
When you reach that place, you'll know. It's called 'rock bottom.' And that's where we are.