Obama: Debt Like Dinner Tab Unpaid

Photograph by Patrick Semansky/AP Photo

Supporters chant for four more years while President Barack Obama speaks at a fundraising reception in Baltimore on June 12, 2012.

Debt, nobody wants their hands on it.

It’s like that steak dinner ordered by the people who left you the table, the president says.

President Barack Obama, in running a campaign ad  highlighting the Massachusetts of former Governor Mitt Romney as No. 1 in state debt per capita, is fighting big numbers with small.

That was $4,153 in Bay State debt per person, in 2007, as Romney was leaving.

Massachusetts still ranked No. 1 in state debt per-capita in fiscal 2010, according to the Tax Foundation and U.S. Census Bureau — $11,310 per person.

Still, that pales in comparison with the U.S. debt — some $15.7 trillion and growing.

Per capita, divided by 311 million Americans, it’s more than $50,000 per person.

Yet Obama points to his predecessors, who handed him a budget out of balance as he was taking office. ”I inherited a trillion-dollar deficit,” Obama said this afternoon at a campaign appearance in Baltimore.

Spending on his watch, Obama contends, has grown more slowly than that of on any of his predecessors in six decades. The deficit, compounded by the worst recession since the 1930s, was deepened by decisions made before he arrived.

“Spending under my administration has grown more slowly than under any president in 60 years,” Obama said. “This notion that somehow we caused the deficits is wrong. It’s not true.”

Without naming the administration of George W. Bush, the president did say: “They baked all this stuff into the cake with the tax cuts and a prescription drug plan they didn’t pay for, and the war…

“It’s like somebody goes to a restaurant, orders a big dinner… and then just as you’re sitting down they leave and accuse you of running up the tab.”

 

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