From Newsbusters. (14 minutes)
Here’s the partial transcript:
MICHELE BACHMANN: When I came into Congress in January of 2007, the country was $8.67 trillion in debt; today it’s $15 trillion. Next year it’ll be $17 trillion. We’re acting like Greece and like Italy, and that’s what people are frustrated with. They want us to act like a first world nation, not like what President Barack Obama’s doing. He’s acting like we’re a banana republic. We’ve got to get our act together and stop spending money that we don’t have.
DAVID GREGORY: You’re not – I mean, you’re seriously calling the United States acting like a banana republic compared to the sort of debt issues that, that the Eurozone countries have had?
BACHMANN: What, what I’m doing is I’m – what I’m doing is saying that what – the decisions that Barack Obama is making is acting like a banana republic. It’s absolutely irresponsible what President Obama is doing to get behind measures to, to increase spending to such a level that we’re going into debt $1.5 trillion every year. This compares to President George Bush. Back in 2007, our debt for the entire year was $160 billion.
GREGORY: Congresswoman, that just misstates the record.
BACHMANN: Well, we topped that just in the month of November alone.
GREGORY: I mean, the Bush presidency, the-
BACHMANN: There’s no comparison. We’re talking-
GREGORY: -the, the debt – wait a minute, Congresswoman.
BACHMANN: David, let me just finish.
GREGORY: No, wait a minute. I just want to stop you for accuracy.
BACHMANN: Let me just finish. We’re talking-
GREGORY: For accuracy, Congresswoman.
BACHMANN: -we’re talking 10 times.
GREGORY: For accuracy, the debt exploded under the Bush administration.
BACHMANN: For accuracy. For accuracy. David, David, then, then let me finish. Do a comparison. I agree with you that there was too much money that was spent under George Bush. But for the year 2007, the debt for the year was $160 billion. The debt for this last year was about $1 1/2 trillion. That’s almost 10 times more in debt than George Bush. And just for the month of – for the month of, I think it’s November of this year, it was more than the entire year for 2007. So there’s no question that the debt has just skyrocketed under, under President Obama in comparison to George Bush.
GREGORY: Let me just point out, I don’t want to appear to be cutting you off. Sometimes the satellite delay can exacerbate that, so I wanted to make sure you could finish your point.
Can you imagine that DAVID GREGORY doesn’t even know what the deficit graph looks like?
Here it is:
The last Republican budget was 2007. The deficit was 160 billion. It’s almost TEN TIMES that under Obama. The Democrats took over the House and Senate in the 2006 mid-term elections. Doesn’t David Gregory know that? Does anyone in the mainstream media know ANYTHING?