Obama and the National Debt

This video is both eye-opening and frightening.



Before I saw it, I knew the state of our national debt, but I didn't really grasp how much Obama's presidency is projected to effect it. And here I was getting all angry at Bush for making some unwise decisions regarding taxes and war.

Honestly, I suppose we should have seen this coming. Our current president entered office saddled with both a war and a dire economic situation. Wars are expensive, and his financial decisions seem to have pulled us back from the edge of falling into another Great Depression-- or worse. Another part of the dilemma is that Bush cut taxes and refused to raise them again, even during wartime. Obama can't raise them now, since people are already struggling in the midst of a recession.

In addition, we knew from his campaign that he had changes in mind for his time in office. Change costs money, and not all of it (despite what politicians argue) can come from making government spending more efficient.

Still, as a member of the generation that is going to have to pay off this growing debt, it's hard to accept the ridiculous rate at which he is planning on spending.