Federal Debt Up $7 Trillion Under Obama

[Dont Taz Me Bro]

It's only your kids' futures being mortgaged. Fuck them. As long as you get everything you think you're entitled to today.

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama | CNS News

 

[BlindBoo]

It's what happens when you cut taxes and use the credit card to spend like a drunken sailor on a war of choice.

 

[Dont Taz Me Bro]

It's what happens when you cut taxes and use the credit card to spend like a drunken sailor on a war of choice.

When did Obama cut taxes aside from the temporary payroll tax cut?

 

[Avatar4321]

Don't worry. It's Bush's fault.

There problem solved.

 

[BlindBoo]

It's what happens when you cut taxes and use the credit card to spend like a drunken sailor on a war of choice.

When did Obama cut taxes aside from the temporary payroll tax cut?

Second Tuesday of last week.

 

[Moonglow]

Is there a list so I can make sure I get everything I can for free???

 

[Dont Taz Me Bro]

It's what happens when you cut taxes and use the credit card to spend like a drunken sailor on a war of choice.

When did Obama cut taxes aside from the temporary payroll tax cut?

Second Tuesday of last week.

That's what I thought.

 

[candycorn]

Don't worry. It's Bush's fault.

There problem solved.

Doesn't the House allocate spending?

 

[HandyAndy]

Yeah i cant believe how high the debt got under Obama, and remember when he said he would have it half way paid off by the end of his first term now its almost tripled what a liar he doesn't know how to run a country.

 

[Lovebears65]

It's only your kids' futures being mortgaged. Fuck them. As long as you get everything you think you're entitled to today.

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama | CNS News

And he is not done yet!!!

 

[Siete]

I think it's only fair to say debt didn't exist before Obama was elected.

 

[Delta4Embassy]

It's only your kids' futures being mortgaged. Fuck them. As long as you get everything you think you're entitled to today.

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama | CNS News

So? It's all imaginary money anyway. What difference does it make if the debt's 1 trillion or 100 trillion? Can never pay it back regardless. Argueing how much it is ignores this fact.

 

[Siete]

It's only your kids' futures being mortgaged. Fuck them. As long as you get everything you think you're entitled to today.

The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

$7,060,259,674,497.51--Federal Debt Up $7 Trillion Under Obama | CNS News

So? It's all imaginary money anyway. What difference does it make if the debt's 1 trillion or 100 trillion? Can never pay it back regardless. Argueing how much it is ignores this fact.

true .. we're still paying interest on the debt for every POTUS, and will continue to do so until a magical Republican comes along and wipes the debt slate clean.

POOF !

 

[Delta4Embassy]

To pay off the National Debt, we'd have to cut government spending to zero fro about 4 years. Proposals of saving a billion here and a hundred million there isn't gonna touch the debt and is simply politics, not actual methodology to pay it off.

If we cut spending by 25%, say a trillion in any given year, and used that to pay down the debt it'd still take about 20 years. But we'd be crippled in that time. In which case the debt would not be our biggest problem any more.

The debt is so large that there's no real way to ever pay it off that doesn't result in taking our own knees out economically. All the debate about the debt is over political maneuvering, not actual solutions to do anything about it. Plus to actually try and do anything about it, the house of cards of very money system is built upon would come crashing down. It wouldn't be a depression, it'd be an apocalypse. And that's not hypoerbole, that's factual reality. The country'd end. Fast and loudly.

 

[Mad Scientist]

Don't worry. It's Bush's fault. There problem solved.

Doesn't the House allocate spending?

Obama said he'd cut the deficit in half. Are you just conveniently forgetting that?

The US Government borrows, at Banker Interest Rates, 100% of their operating expenses every month. They take in 1 Tax Dollar, They Borrow 1 Dollar from the Fed.

What would you Liberals say if the House were to not borrow anymore?

You'd scream Racism that's what. "The House doesn't like a Black Man as the President!"

Besides, we both know Americans care more about Sports and Gossip than doing what's right. So the whole system MUST CRASH before it there is ANY chance of it being fixed.

The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP.

Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt - WSJ

 

[The Rabbi]

Don't worry. It's Bush's fault.

There problem solved.

Doesn't the House allocate spending?

Sort of.
Who controlled the House from 2006 to 2010? What happened when the GOP House didnt want to increase spending any more? Didnt Obama and the Democrats engineer the "Tea Party Government Shutdown" and didnt Obama issue orders to close open air parks? Yes, that did happen.
Your ignorance adn stupidity are cloying.

 

[Siete]

Don't worry. It's Bush's fault. There problem solved.

Doesn't the House allocate spending?

Obama said he'd cut the deficit in half. Are you just conveniently forgetting that?

The US Government borrows, at Banker Interest Rates, 100% of their operating expenses every month. They take in 1 Tax Dollar, They Borrow 1 Dollar from the Fed.

What would you Liberals say if the House were to not borrow anymore?

You'd scream Racism that's what. "The House doesn't like a Black Man as the President!"

Besides, we both know Americans care more about Sports and Gossip than doing what's right. So the whole system MUST CRASH before it there is ANY chance of it being fixed.

The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP.

Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt - WSJ

you're confusing debt and deficit ... take a look at the DEFICIT.


http://www.bloomberg.com/news/2014-04-14/u-s-deficit-cut-almost-one-third-to-492-billion-cbo.html

 

[Mad Scientist]

you're confusing debt and deficit ... take a look at the DEFICIT.
U.S. Deficit Cut by Almost One-Third to $492 Billion: CBO - Bloomberg

Yes I know there is a Yearly Budget Deficit and a National Debt.

There are also yearly unfunded mandates that the Gubmint MUST pay by Law.

In order to do that they MUST BORROW 100% of their Operating Expenses ON TOP OF WHAT THEY TAKE IN IN TAXES!

Whether it's a Household or a Government, you will NEVER pay off ANY Debt if you are CONTINUALLY BORROWING just to pay MONTHLY OPERATING EXPENSES!

 

[Mad Scientist]

The Debt is Mathematically Impossible to pay off! This is Intentional!

The ONLY way out is Debt Jubilee! Google that!

Our credit will be shit for 2,3 or 4 years then the Economy WILL recover!

If we had done that rather than bailin' out the fuckin' banks we'd be in recovery RIGHT NOW!

 

[Dont Taz Me Bro]

Don't worry. It's Bush's fault.

There problem solved.

Doesn't the House allocate spending?

Yes, they are just as complicit. Of course, if I were president and Congress sent me budgets with $1 trillion deficits I'd veto them and say start over.