Obama three times worse than Bush

[Ragnar]

Federal debt tops $13 trillion mark - Washington Times

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.

At $13 trillion, that works out to an obligation of more than $42,000 for every U.S. resident.

"Throughout history, excessive debt has led to the demise of great nations," said Sen Tom Coburn, Oklahoma Republican. "This milestone should be a wake-up call for Congress. No one will bail out America if we continue to live beyond our means."

Earlier this year, Congress and Mr. Obama raised the country's debt limit to $14.3 trillion, hoping it would give the government enough room to spend through the end of this year.

And so it goes and goes and goes and where it stops no one knows....

 

[rdean]

Federal debt tops $13 trillion mark - Washington Times

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.

At $13 trillion, that works out to an obligation of more than $42,000 for every U.S. resident.

"Throughout history, excessive debt has led to the demise of great nations," said Sen Tom Coburn, Oklahoma Republican. "This milestone should be a wake-up call for Congress. No one will bail out America if we continue to live beyond our means."

Earlier this year, Congress and Mr. Obama raised the country's debt limit to $14.3 trillion, hoping it would give the government enough room to spend through the end of this year.

And so it goes and goes and goes and where it stops no one knows....

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.

 

[Sinatra]

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

 

[rightwinger]

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

 

[SFC Ollie]

Not bad? Are fucking shitting me?

 

[Ragnar]

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...

Old...

New...

The chart above compares the President’s budget deficit projections to the Congressional Budget Office’s budget deficit projections under current law. In other words, the policy changes embodied in President Obama’s 2011 Budget puts our country $2.5 trillion deeper in debt by 2020 than it other wise would be if current law were left unchanged.

Budget 2011: Past Deficits vs. Obama’s Deficits in Pictures | The Foundry: Conservative Policy News.

 

[SFC Ollie]

Little doubt that Bush spent too much. But Obama is going for the record.

 

[mudwhistle]

Federal debt tops $13 trillion mark - Washington Times

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.

At $13 trillion, that works out to an obligation of more than $42,000 for every U.S. resident.

"Throughout history, excessive debt has led to the demise of great nations," said Sen Tom Coburn, Oklahoma Republican. "This milestone should be a wake-up call for Congress. No one will bail out America if we continue to live beyond our means."

Earlier this year, Congress and Mr. Obama raised the country's debt limit to $14.3 trillion, hoping it would give the government enough room to spend through the end of this year.

And so it goes and goes and goes and where it stops no one knows....

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.

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

Could it be that it's total BS?

 

[NYcarbineer]

Much of the Obama debt IS the Bush debt.

 

[SFC Ollie]

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

 

[CrusaderFrank]

Federal debt tops $13 trillion mark - Washington Times

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.

At $13 trillion, that works out to an obligation of more than $42,000 for every U.S. resident.

"Throughout history, excessive debt has led to the demise of great nations," said Sen Tom Coburn, Oklahoma Republican. "This milestone should be a wake-up call for Congress. No one will bail out America if we continue to live beyond our means."

Earlier this year, Congress and Mr. Obama raised the country's debt limit to $14.3 trillion, hoping it would give the government enough room to spend through the end of this year.

And so it goes and goes and goes and where it stops no one knows....

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 trillion?

What a fucking retard, what a lying fucking retard.

Q+A-Cost of Iraq, Afghanistan tops $1 trillion
WASHINGTON
Thu Jan 14, 2010 4:29pm EST

WASHINGTON Jan 14 (Reuters) - The cost to U.S. taxpayers of wars in Iraq and Afghanistan since 2001 has topped $1 trillion, and President Barack Obama is expected to request another $33 billion to fund more troops this year.

Q+A-Cost of Iraq, Afghanistan tops $1 trillion | Reuters

Fucking Liar

 

[jeffrockit]

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

Bush was in for 8 years. With those figures, and the way Obama likes to speed our tax dollars, at the end of his term he will easily surpass Bush. Not something to be proud of though.

 

[Nik]

Most of Obamas debt is because of Bush-era policies.