Cards Quote by Barack Obama
![“The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his…” quote by Barack Obama](https://sms4smile.com/quotes/img-quotes/384/barack-obama-17_cards_the-problem-is-that-the-way-president-bu_1918277.jpg)
“The problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.”
About This Quote
Source Speech: State of the Union Address, 2009, USA
The quote criticizes the massive increase in national debt under President Bush, framing it as a burden on future generations and unpatriotic behavior.
In simple terms: Bush’s policies greatly increased debt, harming future citizens.
Key Takeaway
Demand fiscal responsibility and protect future generations.
Themes
economics
politics
responsibility
intergenerational equity
national debt
Mood
concerned
critical
urgent
Type
political
economic
warning
When to use this quote
- Budget planning
- policy debate
- public advocacy
- financial education
- government accountability
Key Concepts
Fiscal policy
public finance
intergenerational justice
Questions to Reflect On
- How can we balance necessary spending with debt limits?
- What policies can ensure fair debt distribution across generations?
A Different Perspective
The debt increase also reflects complex economic factors beyond a single president’s control.
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