What Obama Isn't Telling You About The Debt

Discussion in 'Economy' started by BlackFlag10, Jul 19, 2012.

  1. BlackFlag10
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    BlackFlag10 College Conservative

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    · On the day that President Obama took office, the federal debt was $10.626 trillion. The debt now stands at $15.851 trillion.

    · From 2000 to 2008, our average annual deficit was $190 billion. Since 2008, it has been $1.3 trillion.

    · The National Debt now exceeds 100% of the nation’s Gross Domestic Product

    · Barack Obama has overseen the three largest deficits in United States history

    · President Bush was in office for 96 months. In that time, the debt increased $4.899 trillion. In the 42 months that Obama has been in office, the debt has increased $5.2 trillion. Bush’s average monthly debt accumulated was $51 billion. Obama’s average monthly debt accumulated is $125.6 billion

    · Obamacare effectively adds $17 trillion tolong-term unfunded debt which the Obama administration is not required to report in their federal debt numbers


    Find more at Cameron Harris: What Obama Isn't Telling You About The Federal Debt
     
  2. Geoffrey
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    Geoffrey BANNED

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    Now the economy of world is rapidly coming out from the great depression and now the markets are going to stable but i think that again the real sector will be take a hype and people will get towards it.
     
  3. there4eyeM
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    there4eyeM unlicensed metaphysician

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    Perhaps it's karma for the illegal war.
     
  4. signelect
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    signelect BANNED

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    We can't live with the current debt. However congress spends the money and they show no signs of stopping. While we get rid of Obama, lets also get rid of congress.
     
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  5. there4eyeM
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    there4eyeM unlicensed metaphysician

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    Yes!
     
  6. Rshermr
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    Rshermr VIP Member

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    All of you cons who continue to point to and spout dogma about obama spending are brainless If youy look into it, on an objective basis (I know objective is hard for you) you could look to a non partisan source like Forbes. Not exactly a liberal source. And you would find that spending under Obama has been less than under any president since Eisenhower. Here is the link

    Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama? - Forbes

    A lot different than the crap you read in conservative sites, eh.
     
  7. Meister
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    Meister Platinum Member Supporting Member

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    That's been pretty much debunked. The numbers were manipulated.
     
  8. Rshermr
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    Rshermr VIP Member

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    Really. Forbes numbers debunked?? Who did the debunking, pray tell. I am sure you must have a link.
     
  9. hortysir
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    hortysir In Memorial of 47

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    US Message Board - Political Discussion Forum - Search Forums

    You don't think we've covered this old story ad nauseum and in detail???

    :eusa_hand:
     
  10. Rshermr
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    Rshermr VIP Member

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    Well, Hortysir, nice try. You have no source. the information is not old, by the way. So, I would say, based on your complete inability to prove that this article had been debunked, that YOU have now been debunked.
     

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