On July 3, 2008 — the day before Independence Day — Barack Obama said that adding $4 trillion in debt was irresponsible and “unpatriotic.
Obama: “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic”.
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FLASHBACK: Obama promises to cut debt in half by end of his first term in office.
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