Anybody who criticized Obama should get on their knees and beg forgiveness.
By the end of his term, $ 10+ trillion will have disappeared down the Dopey Donald Trump rabbit-hole.
Will that shut Dopey Donald Trump's cakehole? Shit no.
The MAGAnuts are addicted to Dopey Donald Trump's lies and he will find a way to blame others and spin it as a success to rouse his MAGAnut hordes.
The Approaching COVID-19 Debt Crisis: How Excessive Debt Reduces Economic Growth
No. Ears deserved criticism for his massive deficit spending, just as Donnie does.
Of course the hypocrisy is clear to see. Lefties say O had too, because of the Great Recession. Now cons will say Don had too, because of the Covid.
All just propaganda.
He had massive deficit spending when he first became president. He had to save us from the bush boy's great recession.
However how could he have massively deficit spent if he slashed the deficit by more than half? When he took office the bush boy left 1.4 trillion in deficit. When Obama left office he left 585 billion in deficit. If he was massively deficit spending there is no way he could have slashed the deficit by more than half.
The truth is he did the opposite of what you claim he did.
Lol. You might want to look at the national debt in 2008 and then again in 2016.
Partisans. Ugh
I'm sorry but there is a difference between debt and deficit. My education and degree is in Accounting/Finance. When it comes to those subjects, I know what I'm talking about.
Here is the real meaning of those words.
Deficit: You can have a deficit for anything. The deficit we're talking about is the budget deficit. A deficit is when you add all your income with all your spending and you end up with a negative number. You've spent more money than you generated. In the case of the nation, we borrow money to cover that short fall or deficit. That amount is added to the debt at the end of the fiscal year. It's not the national debt. It's a slice of the debt for a determined amount of time. In this case, our fiscal year which goes from October 1 to September 30th.
Debt. You can have a debt for any loan or obligation. In this case it's the national debt. That is the amount of money we borrowed and owe to pay back with interest.
You said he massively created deficit. Which if you look at the numbers he spent at first but over all, he slashed the deficit in half.
If you want to talk about how much he added to the national debt I'll be happy to talk about it but that's not the same thing as the deficit.
Please don't change your own subject.
That’s funny. You commend him for lowering the deficit but he still nearly doubled the national debt. Do you fail to see how illogical that is?
I get it. You don't understand how accounting and finance works. That's ok. Not many do. I do. I started in high school with Jr Achievement as the Treasurer of several different small companies. When I graduated from high school I went into college to study accounting/finance.
Debt can never be decreased until a deficit is eliminated.
The reason for that is because you're always adding to that debt with the yearly deficit.
Obama was working on the first stage of eliminating our debt. He was very successful at it too. Considering the economic conditions that he inherited from the bush boy.
While he did increase the debt by 6 trillion, most of it was to save our nation from another republican Great Depression. Most of the rest was to pay for the wars the bush boy started.
I won't say that Obama didn't spend money he did. He didn't have much choice in the matter for most of it.
Why don't you acknowledge the fact that Obama slashed the deficit in half? Why don't you see that we're much better off economically when democrats are in the White House? Why can't you see that when conservative economics is forced on our nation it destroys our economy? How many times does a conservative president have to crash our economy before you see that conservative economics is the most irresponsible economic system we have?
I am not the type to keep doing the same thing expecting a different outcome. I'm not stupid. That's never going to happen. The only way to change an outcome is to change what you're doing.
Apparently you're one of those who keeps doing the same thing over and over again expecting a different result.
Good luck with that.
Lol. O had no choice. He HAD to blow up the debt That fuckin Donnie he really sucks.
Hypocrisy. No?
Learn what happened when Hoover didn't take steps to prevent the last republican Great Depression.
If Obama had not taken steps to prevent another republican great depression we would have been much worse off.
Why aren't you upset with the bush boy for bailing out the banks and Wall Street?
Are you saying that Obama shouldn't have funded the military when they were at war?
Yes Obama had to spend money to get us out of the total catastrophe that the bush boy created and left behind. Yes he had to spend money on military during war. I guess you would have just cut off the funds to our military who were caught in war zones so they would all have died. But then I'm sure you supported the bush boy sending our troops into war with out the proper equipment. So I wouldn't be surprised if you support not funding our military during war.
I asked you questions. You didn't answer even one.
You asked me questions. I replied.
Typical conservative.
Interesting.
Don't bother replying. I'm done with your hypocrisy and limited intelligence on economics. Seriously, I don't run across many people who don't know the difference between deficit and debt. You didn't even know that debt can't be eliminated before deficit is eliminated. I had to educate you. That should have been a big red flag.
I give you respect and honest answers. You won't reciprocate. I don't waste my time with people like that.
If you want to blame democrats for what conservatives do go for it. You're very comfortable with being wrong and a hypocrite.
Have fun.