Federal Debt Up $7 Trillion Under Obama

[ScienceRocks]

So why didnt Democrats end the wars when they came to power in 2006?
The banks have paid back all the loans, with interest. Only Fannie/Freddie are still costing money.

You are a typically low information asshole.

Democrats didn't have control of the White House in 2006, retard.

Besides, unlike Republicans, Democrats were supporting their President and wanted the wars to work out.

Republicans never support Democratic Presidents and never want anything to work out when they're in the White House.

No that is when they took control of Congress both House and Senate which is where spending comes from.

Infrastructure, science, education and r&d was at about this level under President Reagan. Your god! Our problem is a welfare and military one.

 

[Wry Catcher]

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

Nice try troll. Only the dumb of the dumb fail to see through this absurd and partisan thread.

 

[ScienceRocks]

How will our kids have a future by cutting the shit out of education, science institutions that would give them high paying jobs and infrastructure to drive across? Just to fund welfare and the military.

I'd care more about the country, we're giving them falling apart. Something you republicans cared more about for the iraqi children.

 

[ScienceRocks]

Please google and see for yourself that I am right.

 

[The Rabbi]

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

Nice try troll. Only the dumb of the dumb fail to see through this absurd and partisan thread.

Did you manage to get off your knees long enough to post that?

 

[blackhawk]

Democrats didn't have control of the White House in 2006, retard.

Besides, unlike Republicans, Democrats were supporting their President and wanted the wars to work out.

Republicans never support Democratic Presidents and never want anything to work out when they're in the White House.

No that is when they took control of Congress both House and Senate which is where spending comes from.

But they didn't have the White House, stupid!

And the White House asked for the Congress' help and the Democrats helped them. Helped them along the way. Helped them fund the surge. Helped Bush because we wanted success overseas.

Pretty noble of the liberals to support a Republican President even if they weren't sure he was doing that great of a job, but the people in 2004 voted for him and they supported their President.

It's something Republicans don't know how to do. They're unpatriotic that way.

I didn't say they did jackass learn how to read oh they supported him by claiming they were lied to mislead and tricked into voting for the war by him they supported him that way all the way from the 2004 election right through the 2008 yeah they supported him until it was politically advantageous for them not to you wouldn't know truth, facts or patriotic if you were bite in the ass by them.

 

[1776]

Money grows on trees according to liberals, that is why they want over $3B to spend on illegals....

 

[Avorysuds]

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.

Harding lolz at your ignorance of economics.

 

[Avorysuds]

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.


U.S. Deficit Cut by Almost One-Third to $492 Billion: CBO - Bloomberg

Now add the 1 trillion the Fed's will inject into the economy and you have a 1.5ish trillion dollar deficit. Take it out and you have 300ish billion less in revenues and a fake economy in feefall while it corrects.

The 500 billion deficit is a joke because it does not count the stimulus as deficit spending but gladly takes the taxes as "new revenues."

 

[Avorysuds]

How will our kids have a future by cutting the shit out of education, science institutions that would give them high paying jobs and infrastructure to drive across? Just to fund welfare and the military.

I'd care more about the country, we're giving them falling apart. Something you republicans cared more about for the iraqi children.

You're such a progressive it's funny to watch.

 

[rightwinger]

Money grows on trees according to liberals, that is why they want over $3B to spend on illegals....

Money does grow on trees

It is made from paper and paper comes from.........trees

 

[NotfooledbyW]

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.

You are confused about the debt and the deficit;

When Obama took office in 2009 the deficit was around $1.4 trillion.

In 2013 the deficit was less than 700 billion.

That's half. You need to apologize for calling the President a liar.

Its coming in for 2014 at 583 billion.

And this;

The deficit is projected to fall below 3 percent of economic growth in the following fiscal year, returning to historical levels.

Read more here: Federal deficit is falling this year, White House says | Nation | Kentucky.com

Returning to historical levels despite Republican obstruction for five years and counting.

 

[The Rabbi]

Money grows on trees according to liberals, that is why they want over $3B to spend on illegals....

Money does grow on trees

It is made from paper and paper comes from.........trees

Looks like 1776 ws right. Libs do think money grows on trees.
Hint: money is not made from paper.

 

[ThoughtCrimes]

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.

The point is not to wipe out the debt but to reduce it as a percentage of GDP so we are not paying huge amounts of interest on it. In order to do this, spending must be kept within reason, and that can include a small yearly deficit, so long as growth in GDP outpaces the deficit.

Excellent analysis! The debt could be controlled and eventually paid down. But there is one fly in the ointment that is constantly overlooked with this idea.

To bump the GDP up to that extent, the markets would have to expand by the consumption of goods by consumers. That equates to more jobs with higher wages. How's that working out after NAFTA & CAFTA, two wars paid for mostly off-budget by supplemental appropriations, a crippling recession and year-on-year stagnant consumer wages for over 95% of consumers?

 

[Wildman]

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.

oooooh yes he does......., right straight into the gutter, or garbage scow.

 

[PoliticalTorch]

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

These are the statistics you and your ilk need to really be taking a GOOD look at since it comes from the best source available, listed at the bottom of the page! They show that Democratic presidents have the best record over Republicans as far as that's concerned so be sure and read it carefully!

Presidential Economic Comparisons Presidential Data

 

[Billy000]

Obama has spent too much. However, he has spent uber on stuff republicans love such as defense and Bush's horrible tax cuts.

 

[The Rabbi]

Obama has spent too much. However, he has spent uber on stuff republicans love such as defense and Bush's horrible tax cuts.

Here's Billy consistently the lowest information poster here.
Hey, Billy. Obama cut the military back to levels of 1940. Yes, we are spending less on the military now than we did in 1940.
Bush's tax cuts were repealed years ago, or did you forget that?

 

[Billy000]

Obama has spent too much. However, he has spent uber on stuff republicans love such as defense and Bush's horrible tax cuts.

Here's Billy consistently the lowest information poster here.
Hey, Billy. Obama cut the military back to levels of 1940. Yes, we are spending less on the military now than we did in 1940.
Bush's tax cuts were repealed years ago, or did you forget that?

Um no. You're referring to specific program cuts. Obama increased overall defense spending 800 billion per year from Bush.

http://useconomy.about.com/od/usdebtanddeficit/p/US-Debt-by-President.htm

Tell me. If it wasn't defense what was it? What did Obama spend 7 trillion on? Yeah you don't even know.

 

[Bloodrock44]

In 2008 when the Messiah was running, the debt was 9 trillion. Obama called Bush "irresponsible and unpatriotic" for that. Now that the debt has almost doubled under Dear Leader, what does that make him?