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the growth in GDP during Clintons first term, was actually lower than we currently have taking place, and there was a large number unemployed, which is why Clinton cut taxes.. Nice job at re-writing history, but most of us who were old enough to be around at the time, know better.
And its no coincidence that unemployment dropped as he CUT spending growth, thus disproving the hogwash you just posted. In fact Clinton laid off nearly 800K the federal payroll employees in order to help cut the deficits. Total Government Employment Since 1962
LEAVING MORE MONEY IN THE ECONOMY BOOSTS THE ECONOMY, Clinton understood it, but here you are, expecting the exact same response when Obama does the EXACT OPPOSITE of Clinton.. Thats pretty dumb.
Do people here still not understand the depth of the Hole that America was in when President Obama took office?
President Bush started the stimulus and President Obama continued it. This Stimulus is working. The biggest problem was Wall street getting their bail outs and running with the money instead of using it in the economy with loans to small businesses etc. They were far to concerned with pleasing their stock holders and CEO's.
Europe is using austerity measures as Romney/Ryan want to do and are in a mess.
Spending has been needed to stimulate our economy and it is slowly working. If Romney/ Ryan have their way, not only will we go back to the policies that nearly destroyed America but their so called "policies" will NOT get rid of the deficit but undermine the majority of American's.
YES their is a HUGE deficit but YES America is moving forward and YES we had the biggest recession since the great depression and instead of going over the fiscal cliff, Obama has pulled us up and on a path forward.
ANYONE who tinks that 8 years of disaster can be fixed in 3 years despite the ABSOLUTE OBSTRUCTION from te right is Crazy.
Oh and please don't give me the..... "Obama had both houses for 2 years" B/S............. he didn't.
Obama needed 60 seats to control the house but When the election dust settled, Democrats had won 59 seats; the Republicans 41.
There was also deficits each year under Clinton, but you guys dont stop with your non stop "Clinton balanced the budget" bs...
Yeah, you cons count money lent from one part of the government to another part as a deficit when it isn't.
But none on of that is the issue. What is the issue is the importance of a deficit in an economic downturn.
When there is a severe recession, unemployment is high, which reduces tax revenue and also drains government resources because of additional unemployment benefit spending, add'l Medicaid spending, add'l Food Stamps spending, etc.
Thus, the major objective should be to get back to full employment and move GDP to potential GDP as quickly as possible. The way to do that is for the government to replace lost demand.
Austerity is actually counterproductive in fiscal terms (as the Europeans are finding out): it depresses growth, so that the debt position becomes worse because tax revenue falls even more and more people require aid -- deepening deficits. So, one doesn't meet either the UE goal nor the debt reduction target.
So, if someone is criticizing Obama for the debt, are they saying that Obama should have had a bigger stimulus? If not, what are they saying?
If I put you on a Bullet train with 100 cars on it and it is traveling towards Beijing at 300 mph It will take 50miles to stop it. W put us on that train and the brakes were applied and are taking hold.
The other direction is to do what experience shows is possible - Massachusetts was 47'th in job creation (in a good economy), they had a crumbling tax base, they had a failing educational system,. Or if you prefer. the 86 year old Kay Bee Toy stores had 15,000 employees and over 300 stores. Mitt Romney came to town and increased their debt took the $200 million profit from them and left them where they couldn't meet the payments and left them to close their doors.
Do people here still not understand the depth of the Hole that America was in when President Obama took office?
President Bush started the stimulus and President Obama continued it. This Stimulus is working. The biggest problem was Wall street getting their bail outs and running with the money instead of using it in the economy with loans to small businesses etc. They were far to concerned with pleasing their stock holders and CEO's.
Europe is using austerity measures as Romney/Ryan want to do and are in a mess.
Spending has been needed to stimulate our economy and it is slowly working. If Romney/ Ryan have their way, not only will we go back to the policies that nearly destroyed America but their so called "policies" will NOT get rid of the deficit but undermine the majority of American's.
YES their is a HUGE deficit but YES America is moving forward and YES we had the biggest recession since the great depression and instead of going over the fiscal cliff, Obama has pulled us up and on a path forward.
ANYONE who tinks that 8 years of disaster can be fixed in 3 years despite the ABSOLUTE OBSTRUCTION from te right is Crazy.
Oh and please don't give me the..... "Obama had both houses for 2 years" B/S............. he didn't.
Obama needed 60 seats to control the house but When the election dust settled, Democrats had won 59 seats; the Republicans 41.
...
Or if you prefer. the 86 year old Kay Bee Toy stores had 15,000 employees and over 300 stores. Mitt Romney came to town and increased their debt took the $200 million profit from them and left them where they couldn't meet the payments and left them to close their doors.
...
That's something that few discuss, raiding a company and soaking it with debt that the raider takes, leaving others having to pay off the debt.
How does that build an economy, jobs and a society? It sounds like it should be illegal and is definitely immoral.
Obama called Bush's Debt "unpatriotic" and "unsustainable".....
The National Debt Is Now $16.0 Trillion Dollars. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 9/4/12) Since President Obama Took Office, The National Debt Has Risen $5.3 Trillion, An Increase Of Over 51 Percent. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 9/4/12)
Under Obama’s Watch, Each Citizen’s Share Of The National Debt Has Risen $17,454 To A Total Of $51,874. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 9/4/12)
Obama Has Added An Average Of $4,073,237,142 To The National Debt Every Day. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 9/4/12)
On Average, Obama Has Added $1 Trillion To The National Debt Every 245 Days. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 9/4/12)
[CENTER]UNDER OBAMA, THE NATIONAL DEBT HAS SKYROCKETED[/CENTER] Politifact: Barack Obama Is “The Undisputed Debt King Of The Last Five Presidents.” “So by this measurement — potentially a more important one — Obama is the undisputed debt king of the last five presidents, rather than the guy who added a piddling amount to the debt, as Pelosi’s chart suggested.” (“Nancy Pelosi Post Questionable Chart On Debt Accumulation By Barack Obama, Predecessors,” Politifact, 5/19/11)
Obama Is Responsible For “The Most Rapid Increase In The Debt Under Any U.S. President.” “The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch. The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion. It’s the most rapid increase in the debt under any U.S. president.” (Mark Knoller, “National Debt Has Increased $4 Trillion Under Obama,” CBS News, 8/22/11)
Congressional Budget Office: “The Amount Of Federal Debt Held By The Public Has Skyrocketed In The Past Few Years, Rising From 40 Percent Of GDP At The End Of 2008 To An Estimated 73 Percent By The End Of This Year.” (“An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022,”Congressional Budget Office, 8/22/12)
According To The CBO, Federal Debt Held By The Public Will Reach The Highest Levels Since The 1950s. “Federal debt held by the public will reach 73 percent of GDP by the end of this fiscal year-the highest level since 1950 and about twice the 36 percent of GDP that it measured at the end of 2007, before the financial crisis and recent recession.” (“An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022,” Congressional Budget Office, 8/22/12)
Obama’s Binge Spending Has Racked Up +$1 Trillion Deficits Every Year In Office
When Clinton took office unemployment was at 7.5%, it dropped to 4.2% because of tax cuts and spending cuts..
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That's not surprising, I never figured you would take the time to actually learn something about a bill because that is too boring for you.
the growth in GDP during Clintons first term, was actually lower than we currently have taking place, and there was a large number unemployed, which is why Clinton cut taxes.. Nice job at re-writing history, but most of us who were old enough to be around at the time, know better. 
Rep to you
16 Trillion Reasons to Vote For Romney
