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So as you can see, your talking points don't hold up to facts.
During the campaign and after taking the office, Bush and his followers, such "organizations" as Heritage Foundation spoke loudly of his tax cut plans and how it was the recipe to paying off the debt (and yet, nobody ever said a word about using the surplus at the time towards that effect), and a healthy economy. Three years later, the economy needed a second boost, and it did get it with credit/housing boom... for two years, that is.
Bush also promised to bring down the government spending to 16% of the GDP, from the high spending era (22%) under Reagan and even under Clinton (18%) to 16%. When he left, spending was at 25%. What he did see come down was... receipts at 14.9%. And people like you blame the next guy who stepped in a mess, an economy that lost 8.8 million jobs for goodness sake. Get a grasp of that number and its impact first.
The national debt is now over 15 trillion! In your opinion, exactly what in terms of specifics has caused this debt. Specifically, what events/spending led to the debt to increase under certain presidents?
I guess you neglected to show "the graph" where debt went from $8.6 trillion when Obama took office, to the $15 trillion level now. When Obama leaves office, the debt will be nearly $17 trillion.
I know that liberals are a little weak on cipherin', so let's do the math.
Debt from all presidents in US history prior to Obama- $8.6 trillion
Rate at which Obama has spent the identical debt 230/4 = 57 times faster debt accumulation than all other presidents (we are spotting Barry a few decimal places to make him look better). Now if that was a track meet, Obama would be a hero. As it is not a track meet, Obama appears to be the biggest fiscal idiot in US history.
Obama has ruined the treasury and has rung up more debt in four years than all the presidents of the US in the previous 230 years. The nation will not survive another four years of fiscal insanity. Liberals, given thier inability to comprehend simple math, cannot seem to understand the jeopardy that Obama has created for the US. Fortunately, independents understand this and will eject Obama in 2012. This action will benefit liberals as well, much to thier chagrin.
I guess you neglected to show "the graph" where debt went from $8.6 trillion when Obama took office, to the $15 trillion level now. When Obama leaves office, the debt will be nearly $17 trillion.
I know that liberals are a little weak on cipherin', so let's do the math.
Debt from all presidents in US history prior to Obama- $8.6 trillion
Rate at which Obama has spent the identical debt 230/4 = 57 times faster debt accumulation than all other presidents (we are spotting Barry a few decimal places to make him look better). Now if that was a track meet, Obama would be a hero. As it is not a track meet, Obama appears to be the biggest fiscal idiot in US history.
Yep. Plain as day.
Quote:
Obama has ruined the treasury and has rung up more debt in four years than all the presidents of the US in the previous 230 years. The nation will not survive another four years of fiscal insanity. Liberals, given thier inability to comprehend simple math, cannot seem to understand the jeopardy that Obama has created for the US. Fortunately, independents understand this and will eject Obama in 2012. This action will benefit liberals as well, much to thier chagrin.
The national debt is now over 15 trillion! In your opinion, exactly what in terms of specifics has caused this debt. Specifically, what events/spending led to the debt to increase under certain presidents?
And intergovernmental holdings. Debt it owes to itself.
Well yeah and the national debt, as I keep pointing out, happens to be the money supply along side bank credit which is 4X as big and at interest.
The reason why the national debt is growing is because bank credit has stalled, and thus to keep the money supply growing to allow the interest payments to be made on existing debt, large deficits must replace the lack of bank credit.
The ruin of the nation is due to non productive loans on fixed supplies of land, coast lines and the like which merely rise in price when banks print money to buy them. It converted the US from land owners to tenet farmers and workers. Private debt grew 27 trillion dollars from 2001 to 2008 and households actually have to pay interest on this debt with absolutely no benefit.
The national debt is a none issue for the most part. The only reason we have it is to have deficit spending without inflation. Its little different that just minting coins and buying stuff with no debt, other than the fact that it can retire a tax with as much fiat as when the money was created.
I just can't understand how people can discuss economics when they don't even know what is involved in actually creating a dollar federal reserve note. Using common sense without knowing this will result in an utter failure to understanding the system of a debt based fiat currency that is money and debt all in one. Its so counter intuitive that they don't realize they are babbling when they don't know what the national debt actually is.
Actually it was about 11T when he took office. It was around 5.5 when "W" took office, so he spent as much as all presidents before him together.
Keep thinking that and you will feel better when you vote again for Obama. But, then again, rationality may sweep over you and realize that you are wrong and that Obama bust the treasury. Given your political stance, denial is probably a better alternative, as evaluation of the facts would cause a tremendous sense of anxiety and guilt.
Barry destroyed the treasury and doubled the debt. Liberals love him for it.
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