Friday, April 12, 2013

Quote du jour

Every day of his first term, Barack Obama has overseen $3 billion per day in borrowing, which has added at least $5 trillion to the national debt — with trillions more still to be borrowed. The extraordinary figure is largely a result of unprecedented federal spending. The first 42 presidents ran up about one-third of the present $16 trillion in aggregate debt; George W. Bush in eight years nearly matched their total; and Barack Obama, before his first term is even completed, has already trumped Bush’s total and accounted for the final third of the national debt.
-Victor Davis Hanson