It's important to different between our "deficit" and our "debt." The national debt is the total accumulation of money we owe to our creditors - a sum built up since the nation's founding. The deficit, on the other hand, is the amount each year's budget exceeds the nation's income for that same year.
Critics like to talk about Obama as a tax and spend liberal, but in fact, each year he has been in office since his first, he has been reducing, not increasing, the annual deficit that he inherited from the Republicans. Never, ever forget who the big spenders are in our government - they just won't tax to cover the cost.
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