Obama three times worse than Bush

Discussion in 'Economy' started by Ragnar, Jun 3, 2010.

  1. Ragnar
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    Ragnar <--- Pic is not me

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    Federal debt tops $13 trillion mark - Washington Times


    And so it goes and goes and goes and where it stops no one knows....
     
  2. rdean
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    rdean rddean

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    Reuters AlertNet - US lawmakers press Bush to put war costs in budget

    WASHINGTON, Dec 22 (Reuters) - Top lawmakers are pressing President George W. Bush to stop using a "shadow budget" to fund the Iraq war and instead list the expected costs in the 2008 spending plan he is set to unveil early next year.

    Total war spending may reach $170 billion for the 2007 fiscal year that ends Sept. 30, a record.

    -------------------------170 billion was wildly inaccurate. The most recent estimate was 3 trillion. Add the 2.4 trillion tax cut and that's a swing of 5.4 trillion.

    THEN, add the Republican Drug bill that already costs 1.3 trillion.

    So far, that's 7.7 trillion. Add injured from Iraq, the Katrina clean-up and we can keep going and going and going.

    I'm just curious. Why are those on the right so dishonest? Is it just plain dishonesty? Stupidity? Indoctrination? It's not like it happened 60 years ago.
     
  3. Sinatra
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    Sinatra Senior Member

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    The Obama Democrats massive Big Government entitlement disaster is clocking in at a stunning 300% higher per day debt rate than during the Bush years - which were at that time known for serious expansion of government spending as well.
    _____

    The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.

    Calculated down to the exact penny, the debt totaled $13,050,826,460,886.97 as of Tuesday, leaping nearly $60 billion since Friday, the previous day for which figures were released.

    At $13 trillion, that figure has risen by $2.4 trillion in about 500 days since President Obama took office, or an average of $4.9 billion a day. That's almost three times the daily average of $1.7 billion under the previous administration, and led Republicans on Wednesday to place blame squarely at the feet of Mr. Obama and his fellow Democrats.
    _____

    Federal debt tops $13 trillion mark - Washington Times
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Bush Debt- $5 Trillion

    Obama Debt- $2 Trillion

    Not bad considering Bush was left with a budget surplus and Obama was left with the worst recession in 70 years to fix
     
  5. SFC Ollie
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    SFC Ollie Still Marching

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    Not bad? Are fucking shitting me?
     
  6. Ragnar
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    Ragnar <--- Pic is not me

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    I have no reason to suspect Stephen Dinan is not using the correct numbers and including all spending in his article. Bush's crazy spending was over a period of 8 years after all.

    Then there is this...

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    Budget 2011: Past Deficits vs. Obama&#8217;s Deficits in Pictures | The Foundry: Conservative Policy News.
     
  7. SFC Ollie
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    SFC Ollie Still Marching

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    Little doubt that Bush spent too much. But Obama is going for the record.
     
  8. mudwhistle
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    mudwhistle Diamond Member

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    I wonder why all of this never showed up in the National Debt?

    Could it be that it's total BS?
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    Much of the Obama debt IS the Bush debt.
     
  10. SFC Ollie
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    SFC Ollie Still Marching

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    "But Bush" is getting old a year and a half into Obamas only term.
     

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