Obama: adding $4 trillion in debt over four years was “unpatriotic” and also “irresponsible”
“The problem is, is that the way 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 -- $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic,” Obama said on July 3, 2008, at a campaign event in Fargo, N.D.
Of course, during the presidential debates, then-Senator Obama blamed the bad economy on the deficits.