Tuesday, April 6, 2010

When we needed fiscal responsibility, we got out of control spending

President Obama's proposed budgets will double our national debt over the next decade, taking the debt to 90% of GDP. The President could have made an effort to get our government's spending under control, but his political agenda does not coincide with fiscal restraint. How will history judge him for doubling our debt? Peter Wehner has some thoughts in Commentary Magazine:

It’s impossible to know with certainty at this point because we’re only about 30 percent through President Obama’s first term, but I suspect he will be judged quite harshly by history and his countrymen for not simply avoiding but dramatically accelerating the major domestic concern facing the United States: our unsustainable and soon-to-be debilitating deficit and debt.