Who brought us to our current level of debt?
Hillary Clinton visited Alabama this weekend and while nearly all of the early media reports are about her absurd claim that Republicans are trying to disenfranchise black voters, it was her remarks about the economy that were truly stunning.
In the Associated Press video below, Hillary suggests that it is always Republican presidents who create financial messes which have to then be cleaned up by Democrats.
She touts the financial record of her husband before accusing Bush of leaving Obama with a massive debt. She goes on to praise Obama and claim that he never gets enough credit.
Clinton conveniently leaves out the role Democrats played in the 2008 financial crisis when they forced banks to give home loans to unqualified borrowers. She also neglects to mention the massive debt accumulated by Obama.
Listening to Clinton speak, you might believe a Republican has been president for the last seven years. Take a look:
Here’s a reminder of reality from Madison Gesiotto of the Washington Times:
Americans should be panicked by the $18 trillion national debt
With an over $18 trillion national debt, the United States of America’s deficit has now exceeded 100 percent of its own gross domestic product and is threatening the foundations of its own existence by creating an expansive entitlement state, weakening national security and harming the American workforce.
Since the turn of the century, participation in government entitlement programs has grown at a disturbing rate that America can simply not afford.
For example, SNAP, formerly and better known as food stamps, has grown to about 45 million participants, a close to 200 percent growth of a 51 year-old program in just 15 years.
In total, entitlement programs make up approximately 60 percent of all federal spending, which is an alarming threat to America’s national security.
By increasing government spending on entitlement programs, less money is available each year in the federal budget to be used on defense spending.
Currently, less than 20 percent of the federal budget goes towards the nation’s military.
Hillary Clinton and Bernie Sanders are going to keep playing this game until they get called on it.
The simple fact is that whoever succeeds Obama is going to inherit a lame economy and levels of debt never seen before in our country’s history.
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