From 2001 to 2008, a Republican president took an annual surplus of $86 billion left for him by Bill Clinton and ran up the budget deficit to over half a trillion in a year ($642 billion in 2008). Altogether, George W. Bush blew up the national debt by over $3 trillion - then left the bills for President Obama.
For eight years, Bush spent like the world was the GOP's and they had our credit card. If there was a shiny new war on the shelf, they just had to have it: Iraq, Afghanistan and let's not forget the Fantasy Wars. The Virginia Class submarine. (The V-class was designed to attack Soviet subs. There are no more Soviet subs, but Bush ordered three dozen anyway - at $1.8 billion each).
The GOP's spending continued at record pace, but when the bill arrived, the Republicans looked around, pointed at the working families, seniors, Medicare, veterans' benefits, Medicaid and Social Security, and said, "Let's make those that receive these benefits pay."
Are you aware that Congressman Cantor, the guy leading the Republicans' refusal to lift the debt ceiling, voted for the V-class sub as well as Bush's bogus scavenger hunt for weapons of mass destruction in Iraq. Now, Cantor doesn't want to pay the bill.
Are you aware the Republicans raised the debt ceiling eight times under Bush?
Here we have a bunch of economic terrorists, namely the Republican party.
The president should say to the American people: "I have identified $3 trillion in Treasury notes issued between 2001 and 2008, which were lent to fund President Bush's expenditures. Unfortunately, those who borrowed your money don't want to pay it back. As president, I have the Constitutional duty to pay the bills of the Veterans Administration, the Social Security fund and other vital services already voted and appropriated by Congress. Military pay before banker pay."
Default lies with the Republican spendthrifts. I suggest you issue an executive order creating a new wing at Guantanamo: A debtors' prison for trillion-dollar deadbeats.
I'd say that locking away GOP Majority Leader Eric Cantor and his Republican allies, included in a penitentiary for deadbeats seems like a darn good idea.
Jerry L. Payne