The man who, as presidential candidate, pledged a “net spending cut,” has now, as president, overseen an increase in the national debt greater than that of a predecessor whom he derided for his profligate ways. And Barack Obama did this in less than half the time George W. Bush was in office.
Tomorrow will mark the completion of the first 3 years and 2 months of the Democrat’s time in the White House. The Republican served two full terms. “Over the weekend,” writes Jim Geraghty
Steve Eggleston checked the latest numbers from the Treasury Department and credited me for an accurate prediction: that upon the Ides of March, President Obama reached the milestone of raising the debt by $4.93 trillion since taking office.
On that day, the debt’s increase under Obama surpassed the amount it increased during George W. Bush’s two terms in office, $4.89 trillion.
In other words, Obama ran up as much debt in 3.15 years as Bush ran up in eight years.
The Ides of March, for those of you unfamiliar with Julius Cæsar, is the 15th of that month (on the Roman calendar). If our legacy media were even-handed, this story would receive more coverage than two men kissing at a Santorum rally.
ADDENDUM: Oh, and Jim asks us to remember that, on the campaign trail, “Obama said that adding $4 trillion in debt over Bush’s eight years was ‘irresponsible’ and ‘unpatriotic.”” (Just click on over to his post to watch the videos.)