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Amazing, isn't it? From 1990-2002, we only added $3 trillion in over twelve years, and Obama comes along and adds $3 trillion in about two years.
Please show us how Obama added $3 trillion in two years? Please be specific. Surely, you can point to some legislation, right? Or did he just wave his hand and revenues dropped by $500 billion a year?
More great news about a benefit to this country from President Obama's presidency.
Remember, Republican Bush was given a SURPLUS by Democrat Clinton and turned it into a RECORD DEFICIT. Had our great President Obama not been obstructed by Republicans in Congress, we likely would be enjoying another surplus.
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
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
Please show us how Obama added $3 trillion in two years? Please be specific. Surely, you can point to some legislation, right? Or did he just wave his hand and revenues dropped by $500 billion a year?
Surely I can show an increase of about $3 trillion in two years:
Please show us how Obama added $3 trillion in two years? Please be specific. Surely, you can point to some legislation, right? Or did he just wave his hand and revenues dropped by $500 billion a year?
Quote:
Originally Posted by OICU812
Surely I can show an increase of about $3 trillion in two years:
You didn't answer HOW. All you did is copy and past numbers. I ask again, HOW did Obama increase the debt? In other words, what did he do?
250 billion...... bailout of fannie/freddie
500 billion tarp
70 billion bailout of aig
85 billion bailout of failed car companies
280 billion bailout of failed financial institutions
16 billion in toxic asset purchaces
nearly a trillion failed stimulus
from 2008 to 2014
medicare spending has increase 29%....... 386b to 598b
medicaid spending has increased 44%..... 201b to 339b.....medicare/ciad makes up over 900 billion of our spending and is INCREASED big time each year
ss spending has increased 17% ........ 612B to 820b
bush spent like a drunken sailor...obama and the liberals have spent like a whole platoon of drunken marines
More great news about a benefit to this country from President Obama's presidency.
Remember, Republican Bush was given a SURPLUS by Democrat Clinton and turned it into a RECORD DEFICIT. Had our great President Obama not been obstructed by Republicans in Congress, we likely would be enjoying another surplus.
You don't even understand the difference between debt and deficit.
THIS IS FROM YOUR OWN CITE:
I love the way 2009, according to MSNBC is entirely red... but okay.
See 2010, 2011, 2012, 2013, 2014? ALL higher than 2008 and all previous years.
The deficit may be going down, however the debt is still climbing. There is a huge difference between a slowing deficit, and a balanced budget.
...so put your pompoms down
Quote:
Originally Posted by nicet4
It's simple.
My wife and I have enjoyd a $50,000 INCOME over the past three yaes
In 2012 we spent $120,000 to live putting $70,000 on our 24% Chase credit card giving us a $70,000 deficit.
In 2013 we tightened our belts and spent $115,000 putting $65,000 on our 24% Chase credit card.
In 2014 we really, really tightened our belts spendin only $112,000 putting only $62,000 on our Chase credit card.
We had great victory in that we reduced our deficit in each of the three years.
What could possibly go wrong?
EXACTLY!
These people believe the government magically makes money appear out of thin air. For every dollar they print there is an entity willing to take it and WE go one more dollar in debt. If countries stop trusting the dollar, this country will default, the value of printed money (USD) will go poof, goods and services will inflate beyond affordability, and there will be pain and suffering for the 99%.
...then
THEY'LL START A WAR
Quote:
Originally Posted by workingclasshero
bush spent like a drunken sailor...obama and the liberals have spent like a whole platoon of drunken marines
...and still blame Bush as their scapegoat, as if he forced them to do it! The funny thing is people buy the BS
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Had our great President Obama not been obstructed by Republicans in Congress, we likely would be enjoying another surplus.
