This week, as the Democratic National Committee convened, the national debt officially hit a record $16,000,000,000,000.00. This astronomical figure equates to about $51,000 per citizen and $140,000 per taxpayer.
Recall that while campaigning in 2008, candidate Obama knocked President George W. Bush, for the debt he incurred, saying, “That’s irresponsible. It’s unpatriotic.” If $4 trillion over eight years is “irresponsible” and “unpatriotic,” what would you call the $5.4 trillion in debt that President Obama has racked up in less than four years?
Since President Obama was sworn into office, he presided over a 50 percent increase in our national debt, from $10.6 trillion to $16 trillion. During that same time, the burden per household increased by about 50 percent, from $90,000 to $136,000.
In the second month of his presidency, Obama said, “I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected.” Not only has he not halved the deficit, this is our fourth year in a row of $1 trillion and above deficits. The President has not led his party to make difficult decisions and face challenges, in fact, it has been 1225 days since the Democrat-led Senate has passed a budget.
President Obama went on to say in February 2009, “I refuse to leave our children with a debt that they cannot repay – and that means taking responsibility right now, in this administration, for getting our spending under control.” Instead of getting spending under control for the sake of our children, President Obama enacted an almost $1 trillion failed stimulus program as well as rammed through Obamacare which will cost almost $2 trillion in the next 10 years alone.
This is not hope: the situation for future generations looks dire. This is not the change Americans wanted. We are not going forward, we are going backward.
On Thursday night, Americans will hear President Obama once again accept his party’s nomination for president. I am sure we will hear the familiar soaring rhetoric and promises of “hope” and “change,” as Obama tries to pretend that the last four years never happened.
On Thursday afternoon, mere hours before President Obama takes the stage, we will be reminding people of his empty promises with a screening of our latest film The Hope and The Change during the DNC in Charlotte, NC. (RSVP for tickets to September 6th’s 3pm screening HERE, our other film Occupy Unmasked will play at 12pm – RSVP HERE). The Hope and The Change tells the stories of 40 disaffected Obama supporters from across the country, who are suffering under his policies.
In interview after interview in The Hope and The Change, former Obama voters say they are tired of hearing the same words over and over again without any improvement. For 30 months, President Obama repeated the phrase “it is important not to read too much into any one monthly report” in his monthly jobs statement. Meanwhile, the jobless rate has been stuck at over 8 percent unemployment for 42 straight months. This is not hope and change.
Americans want more than just a good speaker this time around. They want a leader who will fix the economy, create jobs, and pay down our debt. They want an energy independence policy that will lower prices, not dramatically skyrocket them; a monetary plan that will restore our AAA credit rating, not downgrade it; and budget solutions that will strengthen our future generations, not bankrupt them.
We have seen the hope and the change and it has brought us $16 trillion in debt. Can we afford another four years of this?