Yes, this post is a first for me. I've never had a comment of the week before. But with all the blaming of our current debt situation and the accompanying S&P downgrade on eeeevil Republicans, TERRORIST CARJACKING tea partiers, George W. Bush, etc. etc., it is a good time for a reality check. And this comment by one Deacon Michael Harmon is a reality check that goes yard:
The national debt when Bush left office was approximately 10.0 trillion. It took us about 233 years to accumulate this amount. The current debt limit that was just expanded was $14.3 trillion, and it was expanded to $16.7 trillion, which is expected to get us through 2012. Therefore, Obama’s first term in office will add 60 percent of the total debt the nation will experience by the start of 2013. To recap, $10 trillion in 233 years, $6.7 trillion in four years.
He calls it Winning The Future, but I just use the initials.