[image sources: Treasury Direct and AP Photo/Pablo Martinez Monsivais]
Via the Washington Times we learn the National Debt has now surpassed the 13 trillion dollar mark. Yeah, I know...yawn...so what. The problem here is that we just watched Congress barely pass a Bill raising the National Debt ceiling to 12.394 TRILLION dollars. Obama, master of everyone else's checkbook, signed it into law on December 28, 2009 yet here we are hardly 5 months later with it 600 BILLION dollars beyond even that figure...sans even a modicum of tomfoolery and political cover normally enjoyed via Congressional action.
This Administration can't manage the Auto Industry, it can't manage Wall Street, it can't manage the Health industry or the Insurance industry, and it can't manage the economy. It can't manage Foreign diplomacy, it can't manage fighting wars, and it can't stop dictators from getting nuclear weapons or sinking its neighbor's ships. But failure, sadly, doesn't seem to slow Obama's lust for spending more money hoping to find that thing he can finally "get right."
His latest joke of an attempt to manage the crisis 1 mile deep in the Gulf of Mexico only serves to reinforce the notion that this is, by far, the most inept and incompetent President and Administration in recent history. From the Times:
At $13 trillion, that figure has risen by $2.4 trillion in about 500 days since President Obama took office, or an average of $4.9 billion a day. That's almost three times the daily average of $1.7 billion under the previous administration, and led Republicans on Wednesday to place blame squarely at the feet of Mr. Obama and his fellow Democrats.
Repeat this over and over in your head every time you think Obama needs us to cut him a break... that he's doing the best he can with what that Bush fellow left behind for him to deal with: in 500 days, Obama has extended our debt almost 5 billion dollars a day as he continues to fail his Country. We've certainly seen none of our problems "solved" since he's been in office...no return on our great-grand childrens' investment. At what point does this agenda and this Congress, and the incompetent leadership running both, stop the bleeding? OUR bleeding.