Advertisement

Spending, Not Lack of Revenue, Is Real Problem

By Victor Davis Hanson, Investor's Business Daily - December 8, 2012

We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.

Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, his annual deficits have never gone below $1 trillion.

 

Get QuoteSearch Site

 

Read Full Article »

Latest On Twitter

Follow Real Clear Politics

Real Clear Politics Video

More RCP Video Highlights »