Just shy of a a year ago, when we learned that the national debt had increased by “$4 trillion on President Obama’s watch“, that Democrat blamed policies he “inherited from his predecessor’s administration”, singling out:
- “two wars we didn’t pay for”
- “a prescription drug program for seniors…we didn’t pay for.”
- “tax cuts in 2001 and 2003 that were not paid for.”
Now, Mr. Obama wants to extend the tax rates based on those cuts to individuals earning less than $250,000 a year. Wonder what his plans are to pay for those tax cuts, given how federal spending has skyrocketed since Mr. Bush cut he rates he, to borrow an expression, “inherited” from his predecessor.