“For three long years I have been going up and down this country preaching that government... costs too much. I shall not stop that preaching.” - Franklin D. Roosevelt, Acceptance speech, Democratic National Convention, July 2, 1932.
By gosh Obama is like FDR! They both preached one thing and did another!
“When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by a bankruptcy; sometimes by an avowed one, but always by a real one, though frequently by a pretended payment.” - Adam Smith, The Wealth of Nations, Bk.V, Ch.3, 1776.