Obama Admits He’s ‘Most Fiscally Irresponsible’ President Ever (Sort Of)

Barack Obama Speaking. Photo by Daniel Borman.

The following quote is from a June 2008 speech given by then-Sen. Barack Obama. It’s worth reading, especially the bolded sections. Considering Barack Obama has added nearly $10 trillion to our national debt, much more than George W. Bush, I guess that means he’s now the “most fiscally irresponsible” president ever?

[John McCain] says we’ve made “great progress” in our economy these past eight years. He calls himself a fiscal conservative and on the campaign trail he’s passionate critic of government spending, and yet he has no problem spending hundreds of billions of dollars on tax breaks for big corporations and a permanent occupation of Iraq – policies that have left our children with a mountain of debt.

George Bush’s policies have taken us from a projected $5.6 trillion dollar surplus at the end of the Clinton Administration to massive deficits and nearly four trillion dollars in new debt today. We were promised a fiscal conservative. Instead, we got the most fiscally irresponsible administration in history. And now John McCain wants to give us another. Well we’ve been there once, and we’re not going back. It’s time to move this country forward.

I have a different vision for the future. Instead of spending twelve billion dollars a month to rebuild Iraq, I think it’s time we invested in our roads and schools and bridges and started to rebuild America. Instead of handing out giveaways to corporations that don’t need them and didn’t ask for them, it’s time we started giving a hand-up to families who are trying pay their medical bills and send their children to college. We can’t afford four more years of skewed priorities that give us nothing but record debt – we need change that works for the American people. And that is the choice in this election.

 Full speech is available at The New York Times’ website: http://www.nytimes.com/2008/06/09/us/politics/09transcript-obama.html

PHOTO: Barack Obama Speaking. Photo by Daniel Borman.

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