National Dept has now increased 4 trillion under Obama

Discussion in 'Economy' started by Stephanie, Aug 22, 2011.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    SNIP:
    Posted by Jim Hoft on Monday, August 22, 2011, 6:40 PM
    The US national debt has now officially increased by $4 trillion under Barack Obama. He blames George W. Bush.

    CBS reported:

    The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.

    The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.

    It’s the most rapid increase in the debt under any U.S. president.

    The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.

    Mr. Obama blames policies inherited from his predecessor’s administration for the soaring debt. He singles out:

    “two wars we didn’t pay for”
    “a prescription drug program for seniors…we didn’t pay for.”
    “tax cuts in 2001 and 2003 that were not paid for.”

    SNIP:
    Of course, the Bush tax cuts created record revenue for the government, but don’t tell Obaama. It might ruin a good talking point.


    DWYER: Bush tax cuts boosted federal revenue - Washington Times

    the rest with comments at.
    http://www.thegatewaypundit.com/
     
  2. DontBeStupid
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    DontBeStupid Look it up!

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    So?

    Oh, also ...
    That's not true.
     
  3. elvis
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    elvis BANNED Supporting Member

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    Not that you'd know the truth if it ripped off your head and shit down your throat..
     
  4. DontBeStupid
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    DontBeStupid Look it up!

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    Hmm. The evidence you have presented is rather compelling and I can clearly tell you have a firm grasp of the issues.

    I'd like to subscribe to your news letter.
     
  5. nolebrakai
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    nolebrakai Member

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    when the economy is losing 800k jobs a month and the market that so many middle class citizens depend on for retirement was down to 8k. you don't just stand by with your junk in your hand.


    is this story really a surprise? this president took over a hot mess, we can all agree on this fact, no?
     
  6. DontBeStupid
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    DontBeStupid Look it up!

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    Actually, no. Many on these boards will not agree with you on this very basic fact. Which leads to rather humourous discussions.

    And by "humourous", I mean "an utter waste of time".
     
  7. Stephanie
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    Stephanie Diamond Member Supporting Member

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    then leave, the dailykos or huffington post will agree with you all the time.
     
  8. DontBeStupid
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    DontBeStupid Look it up!

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    Oh, I'm sure you would love it if all the educated people left the boards. Then you could make posts about Bush's tax cuts increasing tax receipts, even though they didn't, and posts about how Obama caused the recession, even though he didn't, and no one would be here to tell you otherwise.

    Sorry, bub. Not gonna happen.

    So, back on topic, what's the problem here again? $4T in debt during one of the worst financial crisis the country has ever been through sounds about right to me.
     
  9. nolebrakai
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    nolebrakai Member

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    I have been lurking this board for a few months, im a bit up to speed with this board by now.


    getting people to remember past 2008 is a tough task these days.

    Right now Obama is running on a empty record and the GOP is running on pure stupidity and dogma. 2012 will be a barn burner.
     
  10. elvis
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    elvis BANNED Supporting Member

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    So she'd be happy if you stayed.....
     

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