Every $1 Added to the Economy, Obama Added More Than $3 in Debt

Discussion in 'Politics' started by beretta304, Sep 17, 2012.

  1. beretta304
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    Since Obama has taken office ….
    [through Q2 2012 for comparative purposes]

    --> For every $1 added to the economy, we’ve added more than $3 in debt

    --> added $5.23 trillion in debt vs. $1.68 trillion to the economy
    --> 50% increase in debt vs. 12% increase in economic output

    Total Public Debt:

    $10,626T [Jan 20, 2009]
    $15,856T [Jun 30, 2012]

    --> $5.23 trillion increase in debt

    [source: Treasury Dept]
    ......

    GDP

    $13,923T [Q1 2009]
    $15,606T [Q2 2012]

    --> $1.68 trillion increase in GDP

    [source: BEA]

    Read more: For Every $1 Added to the Economy, Obama Added More Than $3 in Debt - Government Spending - Fox Nation
     
  2. RDD_1210
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    RDD_1210 Forms his own opinions

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    Love the sources that don't actually link anywhere. I know neither you or anyone else will ever answer this, because you can't. But can you give a breakdown of exactly where Obama has spent that $5T on since he took office. Thanks!
     
  3. beretta304
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    beretta304 BANNED

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    Their aren't links brain surgeon. They are sources. Fairly easy to get the details. You want details look them up you lazy shit!
     
  4. RDD_1210
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    LOL. I knew you didn't know or care about the details. How patriotic of you.
     
  5. Sandoka
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    Sandoka BANNED

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    YOU CAN LIE ALL YOU WANT, but nobody is going to believe you.

    The massive Bush bailout to his banker friends was initiated by Bush. Remember it was all a scam run by the REPUBLISCAMS to scam the Republic. Those sons of bitches all need to be in prison. The sooner we put them there the better it will be for America.
     
  6. beretta304
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    beretta304 BANNED

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    The BEA and The Treasury Dept have a lot to lie about...next pinhead please.
     
  7. RDD_1210
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    Do you care at all how that money was spent?
     
  8. DiamondDave
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    DiamondDave Army Vet

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    Does it matter how you think it was?? Because a LARGE amount of the government spending is indeed wasted on either shit the government SHOULD NOT be spending on, or shit the government is NOT CONSTITUTIONALLY CHARGED to be spending on
     
  9. beretta304
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    We see how Obama spends other's money...and it isn't wisely. He pays back his backers with taxpayer money and subsidizes failing/failed companies like Solyndra....more payback.

    That's what Chicago style thug politicians do.
     
  10. uscitizen
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    uscitizen Senior Member

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    MOst seem to forget interest on the existing debt....
     

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