$16 trillion debt

Discussion in 'Politics' started by LilOlLady, Aug 16, 2012.

  1. LilOlLady
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    LilOlLady Gold Member

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    $16 TRILLION DEBT

    President Bill Clinton left office in 2001 with a federal budget surplus of $200 billion and a $5 trillion national debt. Bush spent the $200 billion federal budget surplus then racked up $5 trillion national debt which he left to Obama. Obama inherited a $10.63 trillion national debt and added another $5 trillion which included Bush’s two wars and tax cuts for he rich that is rising each day. So the $5 trillion Obama has added to the debt is not all his. Bush tax cuts will add $2.8 trillion to the debt over ten years. Two wars costing $12 Billion every month plus interest. So Obama do not own the $5 trillion that has been added to the debt in the past 4 years. The $8 billion stimulus was to try to repair what Bush had broken but is did not fix it completely but did some repair. 3 million jobs were created or saved and jobs added monthly since Obama took office. Radical Right Extremist and Romney lead us to believe the entire $16 billion debt is Obama’s spending and it a dirty lie.

    I have weighed the pros and cons of Obama 4 years and come to the conclusion that his pros far outweighs his cons and he deserves another 4 years. so he gets my 6 votes. Ending the Iraq war and getting Osama and the Affordable Healthcare Act, avoiding a depression is a big plus.:clap2::eusa_clap:
     
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  2. beretta304
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    beretta304 BANNED

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    This post deserves this as well:

    [​IMG]
     
  3. beretta304
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    beretta304 BANNED

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  4. Toddsterpatriot
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    Toddsterpatriot Gold Member

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    So the $5 trillion Obama has added to the debt is not all his. Bush tax cuts will add $2.8 trillion to the debt over ten years.

    Didn't Obama repeal the Bush tax cuts the day he took office when Dems controlled the House and Senate? If he didn't, it's his debt now.

    The $8 billion stimulus was to try to repair

    That was $800 billion. And it failed.
     
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  5. Mr Clean
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    Mr Clean Gold Member

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    If there was no Clinton surplus, then where did those $300 checks that Bush sent everyone come from?
     
  6. PredFan
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    PredFan Gold Member

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    Damn, this bull shit again? How many times do we have to squash this bug?
     
  7. DiamondDave
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    DiamondDave Army Vet

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    More checks written against a loan

    As shown many times... what is on the budget paper is one thing.. what extra was borrowed, hidden, and unexpected spending was another.. Clinton and the congress did a better job than anyone since 1957 in terms of the raw numbers, even bringing the deficit down to something like 18BIL (at the expense of what and how is another argument), but there was no surplus
     
  8. TakeAStepBack
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    TakeAStepBack Gold Member

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    It'll never end. People want to desperately believe Clinton had a surplus, that all the debt is Bush adn that Obama shouldnt have to take any responsibility for not repealing the bush tax cuts that so many cite as the reason for our debt.

    It's the never ending toilet flush where you swirl the bowl, it clogs, then someone hits the flush again.
     
  9. Mr Clean
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    Mr Clean Gold Member

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    And you know this how?
     
  10. TakeAStepBack
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    TakeAStepBack Gold Member

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    LOLberals will NEVER assign responsibility to Obama. It will never happen. He could rip up the constitution tomorrow and claim king and LOLberals will defend him saying it had to be done. Seriously.
     

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