$15 trillion in debt — and still no Obama debt reduction plan?
The ABCNews article on the national debt hitting $15 billion focused on Democratic claims of Republican intransigence in debt negotiations, and all but ignored the government’s appetite for spending, an appetite which has grown significantly, first, under the Democratic Congress during the last two years of George W. Bush’s second term and then, at an even greater pace when Democrat Barack Obama became president.
While ABC dwelt on the failure of the supercommittee to reach a consensus on reducing the deficits, Republicans meanwhile have focused on the superspending since Democrats gained power. Quoting from a “handy guide” that Senate Minority Leader Mitch McConnell’s office sent out, Jennifer Rubin notes some debt milestones:
- $8.67 trillion: Democrats take control of Congress, January 2007
- $10.62 trillion: President Obama’s Inaugural, January 20, 2009
- $10.789 trillion: Stimulus bill signed into law, February 17, 2009
- $12.351 trillion: President’s weekly address on the merits of “pay as you go,” February 13, 2010
- $14.305 trillion: President’s weekly address where he said “I believe we can live within our means,” April 16, 2011
She also provides a video that the fetching chairman of the House Budget Committee prepared:
RELATED (also from Jennifer Rubin):
Supercommittee member Rep. Jeb Hensarling or member Sen. Patty Murray (D-Wash.):“I’m still waiting for a new offer to be put on the table.. . . Should that offer come, I am more than happy to negotiate around that offer.”







