(The following is taken from a letter to the editor, written by my former teacher, to the Pensacola News Journal. I'm thankful that there are still educators out there who understand the importance of sound financial principles.)
What Changed?
During our eight years under the Bush II administration, we added $4.9 trillion to the national debt. When Mr. Obama took office, the debt stood at $10.6 trillion. It is now closing in on $17 trillion (up 6.4 trillion) after less than 5 years of the Obama presidency.
In 2006, then-Senator Obama stated that “raising America’s debt limit” was “a sign of leadership failure.” He continued, “increasing America’s debt weakens us domestically and internationally” and that “Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
Flash forward to September 18, 2013 and he states “raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy.” Rhetorically speaking, what changed?
Is the President afflicted with the same ‘flipfloposis’ that a substantive number of elite politicians suffer from? Perhaps the CDC should run some tests on the political schizophrenia that apparently pervades Capitol Hill, place the District of Columbia in quarantine, and dust off the Tenth Amendment to restore rightful power “to the States or to the people.”
John W. Heckel Pensacola, FL
What Changed?
During our eight years under the Bush II administration, we added $4.9 trillion to the national debt. When Mr. Obama took office, the debt stood at $10.6 trillion. It is now closing in on $17 trillion (up 6.4 trillion) after less than 5 years of the Obama presidency.
In 2006, then-Senator Obama stated that “raising America’s debt limit” was “a sign of leadership failure.” He continued, “increasing America’s debt weakens us domestically and internationally” and that “Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
Flash forward to September 18, 2013 and he states “raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy.” Rhetorically speaking, what changed?
Is the President afflicted with the same ‘flipfloposis’ that a substantive number of elite politicians suffer from? Perhaps the CDC should run some tests on the political schizophrenia that apparently pervades Capitol Hill, place the District of Columbia in quarantine, and dust off the Tenth Amendment to restore rightful power “to the States or to the people.”
John W. Heckel Pensacola, FL
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