Show me your budget

August 13, 2012: In North Carolina, Vice President Biden, quoted a wise thing his dad used to say:

Somebody would say, “Let me tell you what’s important to me, what I value.” And my dad would say, “No, no, no. Don’t tell me what you value. Show me your budget and I will tell you what you value.“

It’s at the end of this very short [:28] clip.

It’s very puzzling to me that Vice President Biden allowed the words “Show me your budget” to cross his lips!

In January 1973, when Joe Biden first joined the U.S. Senate, the National Debt hit its lowest point since World War II. [*National Debt as a share of GDP.]

In January 2001, at the start of President George W. Bush’s two terms in office, Senator Joe Biden had been a member of Congress for 28 years, during which time federal deficit spending escalated almost continuously.

During the eight years of the Bush Administration, the National Debt increased by $4.9 Trillion. Biden was in the Senate all eight years; Obama was in the Senate for the last two.

$ 5.7 Trillion = January 2001 National Debt

+$4.9 Trillion = 8 years under Bush

$10.6 Trillion = January 2009 National Debt

$12.3 Trillion = January 2010 National Debt

$13.9 Trillion = January 2011 National Debt

$15.2 Trillion = January 2012 National Debt

+$4.9 Trillion = 3.3 years under Obama (March 2012)

$16.0 Trillion = August 2012 National Debt

Under the leadership of Barack Obama and Joe Biden, the federal government more than DOUBLED the pace at which they are plunging our nation headlong into national bankruptcy and another Great Depression.

As Joe’s dad would say, “Show me your budget and I’ll tell you what you value.”

YOUR NEXT DOSE IS DUE IN 83 DAYS!

Source for 1994 to present debt figures @ http://www.treasurydirect.gov/NP/NPGateway

Source for 1973 debt @ http://en.wikipedia.org/wiki/History_of_the_United_States_public_debt

If you like this, you might also enjoy https://polination.wordpress.com/2012/08/14/andrew-klavan-explains-economics/