Two big spenders, former President George W. Bush and
current President Barack Obama
U.S. President Barack Obama has added $5 trillion to the
national deficit in America. The president's supporters often defend
everything he does, which is not a good idea, as his administration needs a
healthy dose of criticism, because it is about to hit a wall head on.
To have spent that significant sum of money was to weaken
and deteriorate the U.S. economy and currency in the world. It also means
having gone down in world history as the president that spent the most
money in United States history, which is a dubious distinction.
Presidencies are supposed to be about wise governance, restraint,
productivity and efficiency. How is the nation going to repay that massive
debt, which has the government greatly indebted to foreign countries.
Some keep emphasizing the point that there are those out
there who believe former President George W. Bush did more damage to the
U.S. economy than President Barack Obama. In some ways, yes. In other ways,
no. Bush initiated the damage and negligently tried to cover it up, wasting
valuable time that allowed the crisis to morph and mushroom. However, Obama
has unadvisedly spent $5 trillion trying to fix it, making the crisis exponentially
worse.
Furthermore, Obama is not running against Bush in this
year's presidential election. Obama is running against Mitt Romney, a
successful, wealthy businessman that has years of governing experience from
his time as Governor of Massachusetts. Having written that, the next
president is going to have a very tough time trying to reduce the deficit
after what the Obama Administration has done to it. It is mind-boggling how
much money Obama has spent. Future generations will ask, why didn't
Congress stop him before it reached said terrible figure.
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