January 24, 2011
Source: Wall Street Journal
For two years Washington has been moving left-bigger spending, expanding regulation and a continual increase in government debt. In fiscal 2007, when George W. Bush was president, the debt increased $161 billion; in 2008, another $458 billion; and in 2009 (which began under Mr. Bush and ended under Barack Obama), it reached $1.4 trillion. In Mr. Obama's first two full years in office, 2010 and 2011, it will increase another $1.3 trillion each year.