Debt under Obama in America has gone from $9,000,000,000,000.00 to $20,000,000,000,000.00 (unemployed, solution, dollar)
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I dunno it's pretty amusing reading an article that considers Social Democrats a "right-wing" party.
True, but the very fact that nations in the West are starting to go "right" is an optimistic thing for this nation at least - although these are apples and oranges (America is an absolutely massive country compared to Nordic nations).
Which is why I think the best thing is for total collapse in America - maybe when we can all fracture into our God given groups we will have a shot at dividing into regions that more reflect our common cultural (not multicultural!) groups.
There are certain groups (undeniably) that are single handedly bringing the entire nation into complete chaos. We know who those groups are...
Bush came into office in 2001 inheriting a surplus from President Bill Clinton. The CBO projected in the 10 years from 2001-2011 the total surplus would be 5.6 trillion dollars and the national debt would be paid off by 2011, this assumed that revenue remained the same and spending didn't increase higher than inflation. So why did President Bush leave office with a 10 trillion dollar debt instead of the projected surplus? First came government spending which increased over 5.6 trillion dollars, this on top of a huge tax cut that removed 6.1 trillion in revenue coming into the government.
When you factor in the debt almost everyone ignores the surplus that was left, if he had just kept taxes and spending at the same level President Bush would have left office with no national debt in stead of the 10.6 trillion he left. So if you want to be honest President Bush is responsible for all debt when President Obama took office, instead of inheriting a balanced budget and a surplus. Now factor in the yearly deficit that President Bush left President Obama of 500 billion dollars a year and the debt if Obama hadn't increased spending 1 penny would be at 13 trillion dollars all due to President Bush's policies. Now the debt is 18 trillion so President Obama has increased spending and added 5 trillion to the debt but far less than the 13 trillion Bush added and actually this years deficit as a percentage of GDP is lower than 2008.
ROLFMAO!!!!!
Quick question. What was the national debt when Bush took office?
Facts are all about how they're interpreted and presented. Both sides play the game.
Fact: Bush's highest annual budget deficit was $458 billion. That's still $25 billion less than Obama's lowest deficit of $483 billion in 2014.
When Obama touts the falling deficit - he's comparing it to his first year in 2009, which was a crazy high 1.4 trillion. If he would compare it 2008, the deficit actually increased from $458 billion to $483 billion in 2014.
Other facts ... National Debt will most likely double at the end of Obama's presidency.
Fiscal year 2009 started October 1st 2008, months before Obama took office. In early January of 2009 (prior to Obama taking office) and without taking any of his proposals into consideration the deficit was projected to be $1.2 trillion for 2009. It wound up being $1.4 trillion once the Stimulus was added to the mix.
Obama inherited a $1.2 trillion deficit for 2009 in which he raised to $1.4 trillion, the deficit has declined every year since.
Fiscal year 2009 started October 1st 2008, months before Obama took office. In early January of 2009 (prior to Obama taking office) and without taking any of his proposals into consideration the deficit was projected to be $1.2 trillion for 2009. It wound up being $1.4 trillion once the Stimulus was added to the mix.
Obama inherited a $1.2 trillion deficit for 2009 in which he raised to $1.4 trillion, the deficit has declined every year since.
uhm...its been up and down.... saying its dropped every year since is not an accurate statement
and the debt has nearly doubled under Obama, who still has 2 years left...and has NOT shrunk the deficit
LOOK AT THE NUMBERS
10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
1,641,103,866,572............................1.6 trillion deficit fy10
10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two years under one trillion
10/01/2014..................................17,875,258,0 91,207.08
09/30/2015..................................18,150,604,2 77,750.63
deficit for fy15.....275,346,186,544 275 billion deficit for FY15.........lowest since bush 2008
1.6 trillion DEFICIT
1.17 trillion DEFICIT
1.27 trillion DEFICIT
578 Billion DEFICIT (one of two years under a trillion since fy09)
1.07 Trillion DEFICIT (this last fy that ended back in sept 30 )
Debt under Obama in this (once, no longer great) country has gone from $9,000,000,000,000.00 to $18,000,000,000,000.00 and soon to be $20,000,000,000,000.00.
I'd like for ONE PERSON in this thread - liberal or conservative - that can tell me that is in any way acceptable?
You know, I used to chuckle at conspiracy theorists who said Obama is trying to destroy America (financially and morally, among other ways) but no longer do I believe it is a conspiracy; America has almost been destroyed by his (not yet over) fiasco...
Bush came into office in 2001 inheriting a surplus from President Bill Clinton. The CBO projected in the 10 years from 2001-2011 the total surplus would be 5.6 trillion dollars and the national debt would be paid off by 2011, this assumed that revenue remained the same and spending didn't increase higher than inflation. .................
oh please
Clinton/newt never had any surpluses.....they had PROJECTED surpluses...but the country SPENT the surpluses...if you project a surplus, then spend more than that surplus... you have a deficit
budgets are best guesses...projections
ie you can say we EXPECT/PROJECT the revenue to be 2 trillion and EXPECT the spending to be 3 trillion...a 1 trillion PROJECTED deficit
or you can say we EXPECT/PROJECT the revenue to be 2 trillion and EXPECT the spending to be 2 trillion...a PROJECTED balanced budget
ie you can say we EXPECT/PROJECT the revenue to be 2.1 trillion and EXPECT the spending to be 1.9 trillion...a 200 billion PROJECTED surplus
and the end of the year all the pluses and minuses are counted.... you can have
ie you can say we EXPECT/PROJECT the revenue to be 2 trillion and the spending to be 3 trillion...a 1 trillion PROJECTED deficit...but revenue rose to 2.2 trillion and we only spent 2.8 trillion...still a deficit but instead of a 1 trillion deficit, now its a 600 billion deficit
you can project a surplus..and have emergencies show up (ie the Mississippi valley flooding...911... etc) and completely blow the surplus to where it becomes a deficit
sorry, but the PROJECTED surpluses of clinton/newt never happened...the debt never got paid, and the debt infact INCREASED
the simple fact is if there had been a surplus, then the debt would have gone down...it didn't
was the BUDGET balanced.....yes
was there a PROJECTED SURPLUS.....yes
was there an actual surplus , once all in's and out's were counted.....NO
here is the 4 years that they claim had a surplus
Fiscal
Year........ YearEnding.... ..National Debt........Annual budget Deficit
You mean the congressional Republicans and tea baggers?
The fact that I can't name them without facing consequences (political correctness) is exactly part of the problem.
If we are now silenced into talking about the endemic (really epidemic) problems with certain groups and why they are totally destroying this country then we are doomed to failure.
I'm not usually an MSNBC supporter, but this anchor loses it over America's extracted wealth, and the bought congress we have. We need to be seeing this level of outrage everyday!!
Debt under Obama in this (once, no longer great) country has gone from $9,000,000,000,000.00 to $18,000,000,000,000.00 and soon to be $20,000,000,000,000.00.
I'd like for ONE PERSON in this thread - liberal or conservative - that can tell me that is in any way acceptable?
You know, I used to chuckle at conspiracy theorists who said Obama is trying to destroy America (financially and morally, among other ways) but no longer do I believe it is a conspiracy; America has almost been destroyed by his (not yet over) fiasco...
Honestly, it would have happened no matter who was president. I'm no Obama fan but lets face it, he took the helm of the Titanic AFTER it had already hit an iceberg.
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