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And that doesn't even include the $2.5 Trillion of obamacare.
You must realize that much of our debt is automatic from previous administrations. For example Bush's Medicare Part "D" adds to the debt. The wars in Iraq and Afghanistan also add to the debt. Quit blaming Obama.
Edit: I forgot to say that the interest on our debt also adds to the debt.
You must realize that much of our debt is automatic from previous adminstrations. For example Bush's Medicare Part "D" adds to the debt. The wars in Iraq and Afganistan also add to the debt. Quit blaming Obama.
In the words of Obama, "let me be clear"....(but dont worry, im not Obama so I am not lying right to your face when I say that), this debt is unsustainable. And to you geniuses who think that Obama's plan to keep spending and absolutely wasting money we dont have is going to fix things, you're beyond naive and ignorant. The long term implications for what Obama is doing are going to be very, very bad. Anyone with a little common sense should be able to see that.
Liberals also seem to think, "hey, will just tax the rich more", like that is going to make things better and pay off the debt. Your dumb. Im not rich, but I know very well what the consequences of large increases of taxes on the rich. Less jobs, little growing of our economy, and it will hurt all businesses. Obama and co have already figured out that they will have to do more than tax the rich. So I think all the rest of us know we are to expect new taxes on things, and higher taxes on already existing taxes. That isnt a lie, you know its going to happen.
We had a man who said under his plan, energy prices will sky rocket. And you people continue to stand by this guy....
Bush put to wars on the Government's Debit card and didn't make any payments. This is his f'up we're dealing with.
This reminds me of the time my wife ran up our credit cards, you know how I fixed it? I ran up 4 times the bill she did. If didn't work. I can't figure out why?
Something else to watch out for over the next two years. FHA (government) is handling a large portion of mortgages now. Some "experts" have said they could be heading toward "needing" a bailout soon. And I wonder how many loans are given to people who still cant afford them?
Between Fannie, Freddie and FHA, the government owns 95% of mortgages.
It was the state of the ECONOMY as left behind by George W. Bush.
And the economy in Jan 2009 was bordering on another Great Depression.
And fixing the disaster left by George W. Bush added A LOT to the National Debt.
Just like the Energizer Bunny ... the damage created by George W. Bush just keeps going and going and going ...
No the main problem was the banking collapse caused by the lending of money to people who had no business receiving the money. Thanks to the CRA. The problem was compounded by bailing out the banks, car companies, Fannie and Freddie.
If you think Obama fixed the economy. I think the 10% of unemployed Americans may disagree with you.
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