The NASCAR season is heating up again, but race cars aren’t the only things accelerating. So is spending in Washington.
In just two years, President Obama has accumulated $4.2 trillion in debt — almost nearly as much as his predecessor accrued in his total eight years in the White House — $4.46 trillion, which included the bulk of funding for the wars in Iraq and Afghanistan.
And any fiscal conservative must admit: Bush was a big spender, incurring nearly as much debt during his administration as his three predecessors — Bill Clinton, George H.W. Bush and Ronald Reagan combined to spend — $4.73 trillion. In just two years, the current administration accumulated 30 percent of the total debt going back to the end of World War II.
We might need to create a new description of spender, considering how quickly the current occupant of public housing at 1600 Pennsylvania Ave. — with a little help from his predecessors — is placing future generations in fiscal danger.