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That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.
Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn't been closed.
Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.
That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That's the fastest increase under any president ever.
Remember the day the Democrat promised to close the embarrassing Guantanamo Bay Detention Facility within one year? That day the national debt increased $4,247,000,000. And each day since that the facility hasn't been closed.
Same for the day in 2009 when Obama flew all the way out to Denver to sign the $787 billion stimulus bill that was going to hold national unemployment beneath 8% instead of the 9.1% we got today anyway? Another $4,247,000,000 that day. And every day since, even Obama golfing and vacation days.
Obama's record is still a work in progress. I think a good measure of a president's term is to compare the condition of the USA at the beginning of his term to its condition at the end of his term. Obama's predecessor handed off record debt, an economy in ruins, and two stupidly mismanaged middle east wars.
Despite your irrational hatred of the man, Obama's record is far from establsihed at this point. But by all means, feel free to express your phony outrage.
what's important is employment, and the national debt has nothing to do with that.
but for giggles, why don't you break down that number and see who actually created the liabilities, not who paid for them?
In other words, if we made an unfunded promise in 1990 that was to be paid for in 2011, then who is to blame? The 1990 guy who made the promise, or the 2011 guy who fulfilled the promise?
Obama spent more in 3 years, than Bush did in 8.. and we still hear liberals whining about Bush deficits and saying Obamas isnt high enough.. good gracious..
The Bush tax cuts are still adding to the debt as we speak and Bush's economy that Obama inherited caused tax revenues to fall and assistance to increase. Those are just some facts that conservatives like to ignore.
The Bush tax cuts are still adding to the debt as we speak and Bush's economy that Obama inherited caused tax revenues to fall and assistance to increase. Those are just some facts that conservatives like to ignore.
The CBO said the Bush tax cuts INCREASED revenues, not decreased them.
The Bush tax cuts are still adding to the debt as we speak and Bush's economy that Obama inherited caused tax revenues to fall and assistance to increase. Those are just some facts that conservatives like to ignore.
1. They are now "the Obama tax cuts". The "Bush tax cuts" expired.
2. Discretionary spending has increased 85% under Obama, creating the huge deficits.
3. Federal revenues increased after the Bush tax cuts
Liberal revisionism once again. It is impossible for a liberal to understand and accept that the policies they hold dear have bankrupted the nation. It is tough to admit that your core beliefs have been wrong, which is what is causing so much angst among liberals today. They actually feel that thier beliefs and polices are correct and the only reason for failure is the failed implementation of that philosophy through an incompetent leader. Yet they want four more years of an incompetent leader who cannot carry through thier policy?
3. Federal revenues increased after the Bush tax cuts
right, and 9/11 happened after the Tech bubble burst.
that doesn't mean that one caused the other.
i tend to think that the housing bubble, the release of trillions of dollars per year into the economy from reckless borrowing, is what caused federal revenues to increase. it's also what caused gasoline to rise to about $4/gallon.
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