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"I walked into office facing a massive deficit, most of which was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program," Mr. Obama said last month in a speech to corporate executives at a Business Roundtable conference. "When we walked in, we had a deficit of $1.3 trillion and projected debt over the course of a decade of $8 trillion," he told the CEOs on February 24th. "The lost revenue from this recession put us in an even deeper hole. And the steps we took to save the economy from depression last year have necessarily added to the deficit -- about $1 trillion, compared to the $8 trillion that we inherited."
Good point.
But entirely too reasonable and logical and far beyond the grasp (more zeros than fingers and toes) of creationist, conservative repugnant, tea baggers on this string.
0bama added $220 billion to the debt in February alone.
i remember when a few hundred billion over a few years, and only creating 150,000 new jobs a month was worthy of eviscerating Bush, but 0bama can lose 30,000-100,000 jobs and rack up a few hundred billion in a month, and the dems praise him.
The two faced, hypocritical positions are really coming to light. Aren't they? Biggest bunch of partisan sacks I have ever seen.
"I walked into office facing a massive deficit, most of which was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program," Mr. Obama said last month in a speech to corporate executives at a Business Roundtable conference. "When we walked in, we had a deficit of $1.3 trillion and projected debt over the course of a decade of $8 trillion," he told the CEOs on February 24th. "The lost revenue from this recession put us in an even deeper hole. And the steps we took to save the economy from depression last year have necessarily added to the deficit -- about $1 trillion, compared to the $8 trillion that we inherited."
Good point.
Good point?
Maybe you are OK with BS excuses and pointing the finger. Most logical people are not.
Sorry, you can't buy President Obama a pass for his spending, especially with money printed on paper worth more than the currency.
The guy spends TRILLIONS of dollars, and then points at the other guy and says "his fault".
Maybe you are OK with BS excuses and pointing the finger. Most logical people are not.
Sorry, you can't buy President Obama a pass for his spending, especially with money printed on paper worth more than the currency.
The guy spends TRILLIONS of dollars, and then points at the other guy and says "his fault".
What a pathetic piece of #(*%.
Damn right! There was no deficit when Obama took over. There was no recession heating up and cooking the global economy. Everybody had a job and owned a home.
If Repubs are so "good" for cutting spending, and Democrats so "evil"...why are they fighting so hard with "the enemy" to keep their private earmarks for spending (as people put it here, recklessly)?
That obama wasn't in congress driving up the deficit and debt?
That obama hasn't increased the debt by 2 trillion in just 421 days?
Better tol' tha' to CBS news.
Quote:
Damn right! There was no deficit when Obama took over.
Right. Only $450 Billion. Under obama it is now $1.7 Trillion and will rise to $9 TRILLION in ten years. Bo big deal, right?
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