National debt has increased $4 trillion under Obama (Congress, drug, Christmas)

[All American NYC]

The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama's four-year term. Mr. Obama blames policies inherited from his predecessor's administration for the soaring debt. He singles out: "two wars we didn't pay for""a prescription drug program for seniors...we didn't pay for."
"tax cuts in 2001 and 2003 that were not paid for." He goes on to blame the recession, and its resulting decrease in tax revenue on businesses, for making fewer sales, and more employees being laid off.

What is Obama's fault since he is in charge of the country?

[workingclasshero]

even better numbers

the national debt has nearly doubled since the liberals took over in jan 2007

jan 2007 national debt 8.6 trillion
national debt today around 15 trillion

[ContrarianEcon]

Originally Posted by workingclasshero

even better numbers

the national debt has nearly doubled since the liberals took over in jan 2007

jan 2007 national debt 8.6 trillion
national debt today around 15 trillion

Now more than doubled. It is not a good trend. We are going to default or restructure our debts.

[mountainrose]

Originally Posted by workingclasshero

even better numbers

the national debt has nearly doubled since the liberals took over in jan 2007

jan 2007 national debt 8.6 trillion
national debt today around 15 trillion

And those Too-Big-To-Fail banks the Dems were supposedly outraged by got twice as big under Obama.

[Griffis]

Part of this is due to trying to actually pay for two useless, trumped-up wars that were kept off the books during a previous President's office stay. They have been added to the debt now.

However, Obama has racked up plenty of debt on his own as well.

[Boss]

Now you see why the Tax rate on those who get the most is too low. The top 1% who have more then 60%of the nations wealth need to put some back or they risk losing it all when the sky falls.

Last couple of days CEO's of large Corps have gotten 15-30 % increases.

[phma]

And the POS isn't out of office yet. His GOP supporters that funded every wish on his list should get a Christmas card every year.

[crone]

That's what happens when you put wars on a credit card.

The congress should have brought the groups home. They control the purse.

[t206]

Originally Posted by Boss

Now you see why the Tax rate on those who get the most is too low. The top 1% who have more then 60%of the nations wealth need to put some back or they risk losing it all when the sky falls.

Last couple of days CEO's of large Corps have gotten 15-30 % increases.

You have a link to a news article or research to back that up or is that just a random guesstimate from reading a headline or two somewhere?

[Goodnight]

Originally Posted by phma

And the POS isn't out of office yet. His GOP supporters that funded every wish on his list should get a Christmas card every year.

Not to worry the republican congress is all about deficit reduction, last years budget should have us well on our way to being balanced


I'm not sure why 2007 is the reference point as far as Obama, wouldn't 2010 or 2011 be a better starting point.


It's like someone saying the cement truck was only doing 20MPH when we yelled for you to stop it.