Letter: Blame or credit goes to ObamaIs it justifiable to solely blame Bush for the deficit that was created while he was in office?
By: Peggy Steffl, town of Clifton, River Falls Journal
Is it justifiable to solely blame Bush for the deficit that was created while he was in office?
The president of the United States does not have the power to freely spend money as he sees fit. Only Congress has the “power of the purse.”
Since Obama was in the Senate during the Bush administration, the then Senator Obama, Clinton and the rest of the Democrats controlled Congress played a pivotal role in writing, voting for, and passing the budgets that created the Bush era deficits.
Now the Obama administration uses the deficits he helped create during the Bush years as an excuse to spend money at such a mind-numbing rate that people’s eyes are glazing over.
Who can keep track of the millions, billions and trillions of dollars that have either been spent or appropriated in only the first 100 days since Obama’s inauguration?
The U.S. is now paying $17,000 a second just on the interest of its loans.
President Obama has recently admitted that, “We are out of money now!”
Surprisingly neither Obama, nor the current Democrat-controlled Congress, seem too concerned about building a strong economy. They do, however, take seriously the advice of White House Chief of Staff, Rahm Emanuel, when he admitted that the Obama administration should “never allow a crisis to go to waste. They are opportunities to do big things.”
Think about it. During an economic collapse, it is far easier for a government to take control of the banks, car companies, health care, dictate CEO pay, cancel government written contracts, and increase taxes.
What’s next….the government taking control of the family farm?
Whether the economy fails or succeeds, let’s give Obama either the blame or the credit.