Why Obama Would Rather Talk About Guns
Obama owns the debt now
The debt is up about 60% since Obama took office. This can’t go on forever.
President Obama, the Democrats, and plenty of Republicans in Congress, would like it if you’d spend the next few weeks talking about gun control. That’s because when you are, you’re not talking about the country’s financial situation.
And, as the graph included here, taken from OMB budget data, illustrates, the situation is dire. Spending keeps going up. Revenues, however, are not. And, since we’re borrowing the difference, President Obama has what Politico is calling a debt problem: “The staggering national debt — up about 60% from the $10 trillion Obama inherited when he took office in January 2009 — is the single biggest blemish on Obama’s record, even if the rapid descent into red began under President George W. Bush. Obama has long emphasized Bush’s role in digging the immense hole. But he owns it now.”
While we’re on the subject of things Obama doesn’t want to discuss, let’s not forget this…