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

[RDD_1210]

The issue is that spending $3 for every $1 you make is wrong... I think that issue was resolved...

You came up with a question on wanting to know where the government spends it's money... You were given resources to obtain that information... Again, the issue is resolved...

Actually, that wasn't the issue. The issue was blaming Obama for causing the problem without understanding what is truly happening. We do have a problem but pointing fingers without discussing how to make it better isn't going to solve a thing.

The problem started long ago - 0bama just made the problem much worse...

See now we're at the point where I found info using Google, as you suggested, which breaks down the spending by Obama and tells us that he has made the problem worse, but much worse, certainly not. You said earlier that you knew this information but wanted me to find it on my own. Now that I have found it, which part of what I posted was wrong..compared to the info you have.

 

[Dr.House]

Actually, that wasn't the issue. The issue was blaming Obama for causing the problem without understanding what is truly happening. We do have a problem but pointing fingers without discussing how to make it better isn't going to solve a thing.

The problem started long ago - 0bama just made the problem much worse...

See now we're at the point where I found info using Google, as you suggested, which breaks down the spending by Obama and tells us that he has made the problem worse, but much worse, certainly not.

So we're down to haggling about the difference between "worse" and "much worse"?

Spending money you don't have is wrong... How "worse" it is, depends on your perspective...

 

[RDD_1210]

The problem started long ago - 0bama just made the problem much worse...

See now we're at the point where I found info using Google, as you suggested, which breaks down the spending by Obama and tells us that he has made the problem worse, but much worse, certainly not.

So we're down to haggling about the difference between "worse" and "much worse"?

Spending money you don't have is wrong... How "worse" it is, depends on your perspective...

So you don't disagree with the information that I posted then?

 

[Neotrotsky]

Liberal rich

 

[RDD_1210]

See now we're at the point where I found info using Google, as you suggested, which breaks down the spending by Obama and tells us that he has made the problem worse, but much worse, certainly not.

So we're down to haggling about the difference between "worse" and "much worse"?

Spending money you don't have is wrong... How "worse" it is, depends on your perspective...

So you don't disagree with the information that I posted then?

House? No response?

 

[Cammmpbell]

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

Thanks to the interest payments(annual) on the accumulated Reagan/Bushes debt. The first day Obama took office the annual interest, due and payable was $451 billion. Get used to it, the Republicans are the ones who screwed up the debt:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

 

[auditor0007]

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

The problem with your numbers is that you make Obama accountable for the 2009 budget which was approved under Bush, because the fiscal year for 2009 actually started in October of 2008.

 

[Nova78]

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

Sounds about right in Obama world,you know you got pay the 47% who do not work ...

 

[Cammmpbell]

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

Sounds about right in Obama world,you know you got pay the 47% who do not work ... View attachment 21203

And half of it was added because of the long standing Reagan/Bushes debt. Man....you've got balls....Clinton left a surplus and the first thing Bush did was to cut taxes for the wealthy not once but twice. In 2001 and again in 2003 the Bush administration used the reconciliation rule to block any Democrat opposition and passed what they wanted.....tax cuts for the wealthy. SO LONG SURPLUSES!!

 

[Dont Taz Me Bro]

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

What is the lie?

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.

The massive Bush bail out that Obama fervently supported and voted for?

You have no credibility. Go back to your sandbox.

 

[Dont Taz Me Bro]

The problem with your numbers is that you make Obama accountable for the 2009 budget which was approved under Bush, because the fiscal year for 2009 actually started in October of 2008.

The 2009 budget was written by a Democratic Congress and signed by Obama, not Bush.

 

[auditor0007]

The problem with your numbers is that you make Obama accountable for the 2009 budget which was approved under Bush, because the fiscal year for 2009 actually started in October of 2008.

The 2009 budget was written by a Democratic Congress and signed by Obama, not Bush.

In the end, it was signed off on by Obama in March of 2009. However, the budget proposal was Bush's.

Bush’s Huge Budget Numbers Blamed on Obama

 

[Dont Taz Me Bro]

The problem with your numbers is that you make Obama accountable for the 2009 budget which was approved under Bush, because the fiscal year for 2009 actually started in October of 2008.

The 2009 budget was written by a Democratic Congress and signed by Obama, not Bush.

In the end, it was signed off on by Obama in March of 2009. However, the budget proposal was Bush's.

Bush’s Huge Budget Numbers Blamed on Obama

Congress writes the budget, not the president. Obama was riding on an approval rating of 80% at that time. He could have lived up to his hope and change rhetoric and kicked the budget back to Congress saying a $1.5T deficit is unacceptable and refused to sign it. He didn't because he's just the same old crap we've always had.

 

[RDD_1210]

The 2009 budget was written by a Democratic Congress and signed by Obama, not Bush.

In the end, it was signed off on by Obama in March of 2009. However, the budget proposal was Bush's.

Bush’s Huge Budget Numbers Blamed on Obama

Congress writes the budget, not the president. Obama was riding on an approval rating of 80% at that time. He could have lived up to his hope and change rhetoric and kicked the budget back to Congress saying a $1.5T deficit is unacceptable and refused to sign it. He didn't because he's just the same old crap we've always had.

You voting for Romney?

 

[Dr.House]

So we're down to haggling about the difference between "worse" and "much worse"?

Spending money you don't have is wrong... How "worse" it is, depends on your perspective...

So you don't disagree with the information that I posted then?

House? No response?

Spending is much worse under your hero's reign..

Thems the facts, boy...

 

[RDD_1210]

So you don't disagree with the information that I posted then?

House? No response?

Spending is much worse under your hero's reign..

Thems the facts, boy...

How do you figure? Will you share your data now? Or are you ready to end the charade that you ever had this info to begin with.

You spent all thread mocking me for not knowing, now when I present data, you have nothing but possibly the lamest response possible exposing what we both knew all along. That you have no clue what you're talking about, but you "know its Obamas fault".

 

[Dr.House]

House? No response?

Spending is much worse under your hero's reign..

Thems the facts, boy...

How do you figure? Will you share your data now? Or are you ready to end the charade that you ever had this info to begin with.

You spent all thread mocking me for not knowing, now when I present data, you have nothing but possibly the lamest response possible exposing what we both knew all along. That you have no clue what you're talking about, but you "know its Obamas fault".

I posted on the topic presented in the OP... You went off on a tangent on the breakdown of how it is spent, but you didn't discredit the OP...

So, on the topic of the OP, the claim stated remains true...

I don't care "how" it's spent, which is what you spent much of the thread whining about...

You're boring... I won't miss you in November when you leave...

 

[RDD_1210]

Spending is much worse under your hero's reign..

Thems the facts, boy...

How do you figure? Will you share your data now? Or are you ready to end the charade that you ever had this info to begin with.

You spent all thread mocking me for not knowing, now when I present data, you have nothing but possibly the lamest response possible exposing what we both knew all along. That you have no clue what you're talking about, but you "know its Obamas fault".

I posted on the topic presented in the OP... You went off on a tangent on the breakdown of how it is spent, but you didn't discredit the OP...

So, on the topic of the OP, the claim stated remains true...

I don't care "how" it's spent, which is what you spent much of the thread whining about...

You're boring... I won't miss you in November when you leave...

You could have saved us both a bunch of time if you just said from the start that you have no clue what you're talking about and that you'd prefer to just blame Obama for everything regardless of what the numbers say.

Remind me next time that you reply to one of my posts that trying to have a discussion with you is pointless since you are a liar and have no interest in acting like a reasonable adult.

 

[OohPooPahDoo]

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

You're comparing a cumulative figure (debt) to an annual figure (economic output). That doesn't even make sense to do. Its kinda retarded actually. One is in units of dollars the other in units of dollars/per year. That's like saying Michican is further away from Nebraska than 100 miles per hour.

 

[Dr.House]

How do you figure? Will you share your data now? Or are you ready to end the charade that you ever had this info to begin with.

You spent all thread mocking me for not knowing, now when I present data, you have nothing but possibly the lamest response possible exposing what we both knew all along. That you have no clue what you're talking about, but you "know its Obamas fault".

I posted on the topic presented in the OP... You went off on a tangent on the breakdown of how it is spent, but you didn't discredit the OP...

So, on the topic of the OP, the claim stated remains true...

I don't care "how" it's spent, which is what you spent much of the thread whining about...

You're boring... I won't miss you in November when you leave...

You could have saved us both a bunch of time if you just said from the start that you have no clue what you're talking about and that you'd prefer to just blame Obama for everything regardless of what the numbers say.

Where did I blame 0bama?

Now you're making shit up... Spending under his reign has gotten much worse... He is certainly partially to blame...

Remind me next time that you reply to one of my posts that trying to have a discussion with you is pointless since you are a liar and have no interest in acting like a reasonable adult.

You aren't a reasonable debater, nor an adult... You whine about insults while being insulting...

You won't be missed in November...