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Right, it tripled under Reagan. When Bush took office the debt was around $5.5T, and on Jan 20 2009, which is when he left the office it was $10.6T, so yet, he did double it, plus much of the spending which he had pushed through was added to Obamas numbers.
Yep, he'll cut the revenue and increase spending. He already brought up the need for half a TRILLION dollar stimulus. Shovel ready road projects...... it rings a bell.
The problem is not necessarily how much debt, but what do you have to show for it. Under Obama, the government spent about 10 trillion, but what was accomplished with that money? Return on investment (ROI) is what matters. If Obama was the CEO of a company he would have been fired a long time ago.
The problem is not necessarily how much debt, but what do you have to show for it. Under Obama, the government spent about 10 trillion, but what was accomplished with that money? Return on investment (ROI) is what matters. If Obama was the CEO of a company he would have been fired a long time ago.
Spending under Obama was relatively constant. What caused extra debt was reduction of revenues in the early years.
Location: New Albany, Indiana (Greater Louisville)
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The majority of US debt is related to welfare payouts, including SS. Nearly half of Americans can not find a job that gets them out of poverty or choose not to work. The economy may be better than in 2008 but for many people the recession never ended.
You are making the absurd assumption that Obama increased spending. He didn't.
But this seems like a good time to repeat, once again, the truth about federal spending: Your federal government is basically an insurance company with an army. The vast bulk of its spending goes to the big five: Social Security, Medicare, Medicaid, defense, and interest on the debt. I have no idea what the ROI of Social Security, Medicare, Medicaid and defense but I sure know that I want them -- and you do too.
But what about deficits in the early part of Obama's term? They were caused mainly by a fall in revenue and a mostly automatic increase in spending on safety-net programs. Oh, and the federal government provided aid to state and local governments, largely to limit layoffs of schoolteachers. I have no idea of the ROI of that either.
But if you want to cut the debt without raising taxes, either you're talking about cuts in the big five, or you have no idea what you’re talking about.
ROI on government spending? Military, education, health care, veterans, transportation, welfare.
ROI of utilizing safety-net programs was the fact that people didn't have to rob and kill others to survive. Now it is in the fact that unemployment has been cut to less than half.
Last edited by Finn_Jarber; 11-08-2016 at 10:05 AM..
You are making the absurd assumption that Obama increased spending. He didn't.
But this seems like a good time to repeat, once again, the truth about federal spending: Your federal government is basically an insurance company with an army. The vast bulk of its spending goes to the big five: Social Security, Medicare, Medicaid, defense, and interest on the debt. I have no idea what the ROI of Social Security, Medicare, Medicaid and defense but I sure know that I want them -- and you do too.
But what about deficits in the early part of Obama's term? They were caused mainly by a fall in revenue and a mostly automatic increase in spending on safety-net programs. Oh, and the federal government provided aid to state and local governments, largely to limit layoffs of schoolteachers. I have no idea of the ROI of that either.
But if you want to cut the debt without raising taxes, either you're talking about cuts in the big five, or you have no idea what you’re talking about.
I probably could have explained it a bit better, my apologies . Debt was increased by 10 trillion under Obama. Obama extended the tax cuts in his first term, you act as if the revenue just happened to be reduced at no fault to Obama. Spending should have been reduced to compensate for the decrease in revenue. Spending needs to be less than revenue in order to pay down the debt, obviously.
But I don't necessarily care about the debt. What I care about is effective spending. I want to see results. As an example, we spend quite a bit on education, but our public schools are poorly ranked.
In 222 years of all Presidents ending with George Bush, we had 10 Trillion in Debt. Over the last 8 years, Obama raised the national debt 100% to 20 Trillion.
There is really something wrong with this. Dont you agree?
But, but, but, Trump said some bad stuff 25 years ago.
In all seriousness..... it is a disgrace.
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. Debt was increased by 10 trillion under Obama. Obama extended the tax cuts in his first term, you act as if the revenue just happened to be reduced at no fault to Obama. Spending should have been reduced to compensate for the decrease in revenue. Spending needs to be less than revenue in order to pay down the debt, obviously. 
