Obama: "We must rein in the deficits."

Can someone explain, with facts and honesty, why president Obama keeps making the claim in his weekly address that we must “rein in the budget deficits we've been accumulating for far too long - deficits that won't just burden our children and grandchildren, but could damage our markets, drive up our interest rates, and jeopardize our recovery right now."  He keeps talking about the deficit and the spending by our government and how it will hurt our nation and our children. Isn’t Obama the government? Yet Obama and the democrats are demanding that Washington increase our debt by another $1.9 trillion. That puts or national debt to $14.3 trillion. Yet last February Obama announced his plans to cut the nation’s projected annual deficit in half by the end of his first term. How can that be when he nearly quadrupled the deficit?

President Bush expanded the federal budget by a historic $700 billion through 2008 but Obama ups that to $1 trillion. Bush began a string of expensive finan­cial bailouts but Obama and the democrats are increasing that spending at an alarming rate. President Bush raised spending to 3% of GDP. Obama has gone to 20% of GDP.

However, the most confusing part is the rhetoric and the constant blaming, from the liberals, that everything is President Bush’s fault. When Bush left office he raised our debt by $4.9 trillion. Obama, with his new debt increase, increased our national debt by nearly as much as Bush ($4 trillion) and yet Obama and the democrats did this in one year! Bush did it in eight! Yet Obama still goes on TV and says “we must reign in the spending.” But not just yet, as he repeated last Wed at his annual address. Obama told the nation he’ll start this reduced spending in 2011. That type of thinking is what gets families and individuals in trouble with their own finances: let’s put it off for later.