US Public debt up 90% under BHO

[JRK]

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90% | CNS News
with the number of jobs created he takes credit for by the O&G sector
how bad of a job has he really done?

 

[Montecresto]

Too true. And it's not going to be reigned in by the next president, regardless of party affiliation.

 

[KissMy]

The previous presidents kept raiding the SS trust fund. Now it has to be paid back.

 

[JRK]

The previous presidents kept raiding the SS trust fund. Now it has to be paid back.

what does that have to do with the amount of debt the
stimulus
GM
GMAC
freddie and fannie
Omnibus
and nothing but CRS sense the omnibus bill?

The base line in 2007 was 2.7 trillion
after BHO got done with it in 2009 it was 3.5
has nothing to do with SS, with respect

 

[KissMy]

The previous presidents kept raiding the SS trust fund. Now it has to be paid back.

what does that have to do with the amount of debt the
stimulus
GM
GMAC
freddie and fannie
Omnibus
and nothing but CRS sense the omnibus bill?

The base line in 2007 was 2.7 trillion
after BHO got done with it in 2009 it was 3.5
has nothing to do with SS, with respect

It has nothing to do with those debts you listed, but everything to do with your OP "debt held by public". The largest part of the debt was held by the SS trust fund. Now it is being shifted to the Federal Reserve.

 

[JRK]

The previous presidents kept raiding the SS trust fund. Now it has to be paid back.

what does that have to do with the amount of debt the
stimulus
GM
GMAC
freddie and fannie
Omnibus
and nothing but CRS sense the omnibus bill?

The base line in 2007 was 2.7 trillion
after BHO got done with it in 2009 it was 3.5
has nothing to do with SS, with respect

It has nothing to do with those debts you listed, but everything to do with your OP "debt held by public". The largest part of the debt was held by the SS trust fund. Now it is being shifted to the Federal Reserve.

U.S. Treasury divides the U.S. government's debt into two general categories: debt held by the public and intragovernmental debt. Debt held by the public consists primarily of U.S. Treasury securities—including bills, notes and bonds—that the Treasury sells on the open market to everybody from individual families and investors to government entities in the People’s Republic of China.

Intragovernmental debt is money the Treasury has borrowed from the Social Security Trust Fund and other government sources to pay for current government expenses.

Under Obama, intragovernmental debt has increased only about 10 percent, starting at $4,319,566,000,000 on Jan. 20, 2009 and increasing to $4,761,904,000,000 by the close of business on Sept. 30, 2013.
read the link please

 

[NYcarbineer]

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90% | CNS News
with the number of jobs created he takes credit for by the O&G sector
how bad of a job has he really done?

So I guess your point is that all of the rightwing inmates around here who were telling us for months and months that the debt under Obama was more than all the other presidents combined,

those people are full of shit?

Nice to see you're finally learning something.

 

[JRK]

Treasury: Under Obama, U.S Gov't Debt Held by Public Up 90% | CNS News
with the number of jobs created he takes credit for by the O&G sector
how bad of a job has he really done?

So I guess your point is that all of the rightwing inmates around here who were telling us for months and months that the debt under Obama was more than all the other presidents combined,

those people are full of shit?

Nice to see you're finally learning something.

?
learning began the day BHO took office