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Well we had roughly 9-10 trillion in debt when 0bama took over, now we have near 17 trillion...
Simple math...
If things are so great why not cut off the 99 weeks of unemployment back to 23 weeks and do an overhaul on the food stamp program and all the rest of the "free ****"???
We could also quit the QE's and raise interest rates too right???
There are two problems here. The first is the assumption that the single biggest problem in the U.S. is the government debt and this is then the benchmark of economic success. It isn't.
Second, by 2009, the last year Bush prepared a budget, the debt was $12 trillion. If the debt is now $17 trillion, that is five trillion more.
Third, but the idea that the President is directly responsible for the deficit/debt is patently false. The overall economy, which the President has limited control, dictates spending and revenues. In the Great Recession, revenues fell due to a weak economy and increased spending on the safety net was also due to a weak economy. So, blaming Obama for the economy he largely inherited is pointless.
There are two problems here. The first is the assumption that the single biggest problem in the U.S. is the government debt and this is then the benchmark of economic success. It isn't.
Second, by 2009, the last year Bush prepared a budget, the debt was $12 trillion. If the debt is now $17 trillion, that is five trillion more.
Third, but the idea that the President is directly responsible for the deficit/debt is patently false. The overall economy, which the President has limited control, dictates spending and revenues. In the Great Recession, revenues fell due to a weak economy and increased spending on the safety net was also due to a weak economy. So, blaming Obama for the economy he largely inherited is pointless.
There are two problems here. The first is the assumption that the single biggest problem in the U.S. is the government debt and this is then the benchmark of economic success. It isn't.
Second, by 2009, the last year Bush prepared a budget, the debt was $12 trillion. If the debt is now $17 trillion, that is five trillion more.
Third, but the idea that the President is directly responsible for the deficit/debt is patently false. The overall economy, which the President has limited control, dictates spending and revenues. In the Great Recession, revenues fell due to a weak economy and increased spending on the safety net was also due to a weak economy. So, blaming Obama for the economy he largely inherited is pointless.
1. The debt for 2009 (for which Bush is "responsible for"- even though Obama and the democratic congress and senate could have changed it) was $10 trillion, not $12 trillion- nice try with liberal revisionist history. You are very good at that.
2. The debt is now $17 trillion, therefore Obama is on the hook for $ 7 trillion ( so far). Obama is on track to be the largest deficit spender in US history. At the end of his second term, he will have doubled the US debt.
3. Revenues are at the same level as they were prior to "The Great Recession". Spending levels have increased to create record deficits under Obama.
4. Under normal circumstances, congress does bear culpability for spending. However, under Obama, we have not had a single budget passed, due to Obama and the democratic congress.
MTA- you are hilarious. Granted, most of the US voters are idiots, but do you really expect us to accept the same nonsense as the Gospel truth? That is hilarious.
1. The debt for 2009 (for which Bush is "responsible for"- even though Obama and the democratic congress and senate could have changed it) was $10 trillion, not $12 trillion- nice try with liberal revisionist history. You are very good at that.
2. The debt is now $17 trillion, therefore Obama is on the hook for $ 7 trillion ( so far). Obama is on track to be the largest deficit spender in US history. At the end of his second term, he will have doubled the US debt.
3. Revenues are at the same level as they were prior to "The Great Recession". Spending levels have increased to create record deficits under Obama.
4. Under normal circumstances, congress does bear culpability for spending. However, under Obama, we have not had a single budget passed, due to Obama and the democratic congress.
MTA- you are hilarious. Granted, most of the US voters are idiots, but do you really expect us to accept the same nonsense as the Gospel truth? That is hilarious.
Any reduction in spending would logically be attributed to The Tea Party....
Early, I finally get it. You're a tea-partier. But why? Don't you know they are clueless in congress, and threatening default is not good for the economy? BTW corporations were some of the biggest critics of teabag tactics and now they're doing great, and so are your stocks.
Early, I finally get it. You're a tea-partier. But why? Don't you know they are clueless in congress, and threatening default is not good for the economy? BTW corporations were some of the biggest critics of teabag tactics and now they're doing great, and so are your stocks.
I dont care... I dont worship congress or corporations....
"My Stocks" are liquidated regularly for REAL assets....
I dont care... I dont worship congress or corporations....
"My Stocks" are liquidated regularly for REAL assets....
A little kid could figure out the math here...
OK I'll get off your lawn now.
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