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On January 20, 2009, Obama was sworn in, the debt was $10.626 trillion. On January 20, 2017, it was $19.947 trillion. Obama rang up over $9,000,000,000,000 in debt that Americans, our children, and our grandchildren will have to repay. Our economy will suffer as we have to repay the ASTRONOMICAL DEBT Obama left us with.
Of course, now he jet-sets around the globe, on additional taxpayer expense, and will for the rest of his life, except when he is at home in his walled off Washington DC mansion. Obama is laughing at us.
Last edited by southeasttexas; 03-27-2017 at 04:29 PM..
we have 20 trillion in debt, but we also own the U.S. Dollar, which is the medium the debt exists in. And that debt is owed mostly to our own people. And that debt never needs to be fully paid off. And our country has something like 90 trillion in assets.
if you're worried about our grandchildren, worry about their nutrition, affordable healthcare, affordable education, affordable housing, things like that.
It seems to double under every 8 year president, more or less.
Bush doubled it from Clinton.. Clinton actually only increased it about 35-40%, thanks to the tech boom of the 90's increasing tax revenue.. Bush 41 only increased by 50%, but he only had 4 years.. Reagan nearly quadrupled it.
Amazing how free people are with money that isn't theirs.
And.. Honestly.. President gets the blame for it, and that's probably only half right.. Congress is the one who is supposed to control the purse strings.
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we have 20 trillion in debt, but we also own the U.S. Dollar, which is the medium the debt exists in. And that debt is owed mostly to our own people. And that debt never needs to be fully paid off. And our country has something like 90 trillion in assets.
About 47% of the public debt is held by foreign agents. Public debt is about.. Ballpark.. 12 trillion.
Saying "Oh, don't worry about being in debt" is what led to all kinds of problems in the housing crisis. Everything is fine other than when you can't pay that money back on time.
Was it the authoritarian crony capitalist that has packed his administration with Goldman Sachs fat cats who made out like bandits after the financial collapse and now want to see more deregulation yet again, paving the way for a new round of bailouts? Or is it that Trump promises us he will massively cut taxes for the donor class (decreasing revenue) while increasing the military budget that makes you convinced that he cares about the debt?
At least a trillion of that money was spent on the invasion of illegals bleeding us dry over decades, and at least 8 years.. Welcome mat put out to illegals by Obama.. could actually be much more than a trillion of our tax dollars spent.
On January 20, 2009, Obama was sworn in, the debt was $10.626 trillion. On January 20, 2017, it was $19.947 trillion. Obama rang up over $9,000,000,000 in debt that Americans, our children, and our grandchildren will have to repay. Our economy will suffer as we have to repay the ASTRONOMICAL DEBT Obama left us with.
Of course, now he jet-sets around the globe, on additional taxpayer expense, and will for the rest of his life, except when he is at home in his walled off Washington DC mansion. Obama is laughing at us.
Obama added $2.7 trillion dollars to our national debt from 2013-2022 by extending 82% of the Bush tax cuts. From 2013-2016 Obama added about $1.4 trillion dollars to our debt by extending the Bush tax cuts. Budget Deal Makes Permanent 82 Percent of President Bush
Obama added $2.2 trillion dollars to our national debt with the above actions, but you claimed Obama added $9 trillion dollars to our national debt. Can you explain the other $7 trillion dollars you claimed Obama added to our national debt? (Answer: No you can't.)
The other $7 trillion dollars added to our debt during Obama's time in office was caused by wars GW Bush started, GW Bush's tax cuts that took place when Obama first entered office, increased spending (GW Bush increased spending by 48.6%), and federal subsidies started by GW Bush, ex.ex.
Was it the authoritarian crony capitalist that has packed his administration with Goldman Sachs fat cats who made out like bandits after the financial collapse and now want to see more deregulation yet again, paving the way for a new round of bailouts? Or is it that Trump promises us he will massively cut taxes for the donor class (decreasing revenue) while increasing the military budget that makes you convinced that he cares about the debt?
Ding
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I rate this post a 3.
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