Debt Explosion
For those who lamented the explosion in spending during the Bush administration over 8 years, you’re about to see that lapped in the first 20 months of the Obama administration. That’s right. Many of us thought the republicans had lost their way as they spent like drunks…now, the Obama team shows us that was merely a warm up act.
Using the economic crisis as a reason to spend on everything under the sun, we are about to enter the point of no return when it comes to our national debt. Isn’t this the guy who said he’d go “line by line” down the budget and strike things that are unnecessary?
Check out this article from Fool.com to get another perspective:
