Regarding the letter to the editor “Spin is hiding the raw facts”:
No spin, just the facts. Per the U.S. Treasury, when George W. Bush took office Jan. 19, 2001, the national debt was $5.7 trillion, and when he left Jan. 19, 2009, the debt was $10.6 trillion — a net increase of $4.9 trillion. When the Bush administration ran up the debt by $4 trillion, Barack Obama called Bush “unpatriotic” for getting us into so much debt. Obama also promised to cut the deficit in half within his first four years in office.
As of today, the U.S. debt is $15.2 trillion with Obama requesting another $1.2 trillion increase for this year. This would be an increase of $5.8 trillion in four years vs. Bush’s $4.9 trillion in eight years.
However, what is worse is Obama’s own projections of trillion-dollar deficits every year for the next 10 years, even when he assumes we will be out of any recession.
In other words, Obama has not presented any plan to resolve our debt problem. I hope he presents one soon.
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