Now you want to move away from Deficits and back to the debt clock? What happened to your chart and adding up deficits?? You keep spinning the argument around like a broken record. I already addressed the difference in the Total debt from inauguration and now. A large portion of it has nothing to do with Obama's spending or policies. A large portion of it is foreign and domestic investments and has nothing even to do with spending... Then you kicked the can to deficit spending which is what we should be talking about but that doesn't add up to your "Obama added 10 Trillion to the debt" lie... So now you are back to the debt clock. Face it, you're done, I'm getting dizzy.
You're dizzy, alright. You can't add either. The deficit is the reason for the debt, stupid. It's called "spending more than you take in". Face it, you never had an argument, Obama doubled the debt and you can spin all you want but it doesn't change that fact. You are a complete idiot.
Holy shit man, do I really need to spell it all out for you? Get your Calculator out and have your mommy help you use it... Now enter the numbers from YOUR chart of deficit spending:
2008: $458
2009: $1,413
2010: $1,294
2011: $1,295
2012: $1,087
2013: $679
2014: $485
2015: $438
2016: $587
Total: $7,736,000,000
That is not 10 Trillion as you claim. That is not doubling the debt. STOP LYING!!! Under your standards you'd have to acknowledge that Reagan nearly tripled the debt, right?
There are so many other factors, like the fact that the Fed borrows more than the deficit reflects. Also, you have to consider foreign and domestic investment and mandatory spending that has absolutely nothing to do with the presidents fiscal policies and spending. You're a hack and you don't understand economics so just stop spreading false talking points and spreading your ignorance and misinformation.
First you said it was $6.5 trillion, now it's $7.7 trillion. You're all over the place with your math. Now, answer my question. What is 20 - 10.6?
9.4, which means nothing
I added up your deficit numbers to get 7.7 showing you were wrong
I stated 6.5 by adding up the deficit numbers from the article below:
Conclusion = you're done
----
It's a little misleading to hold Obama (or any other president) accountable for the deficit incurred during his first year of office. That's because the previous administration already set the
federal budget for that
fiscal year.
Before Obama took office,
President Bush's last budget (FY 2009) created a deficit of $1.16 trillion. That fiscal year began on October 1, 2008, and continued until September 30, 2009. That means most of that deficit occurred after Obama took office in January. It's not accurate to attribute it to him.
- FY 2009 - Even though the budget had been approved, Congress added emergency funding to stop the Great Recession. It added the first year's worth of spending from Obama's Economic Stimulus Act to the FY 2009 budget. That $253 billion accrues to Obama.
- FY 2010 - Obama's first budget created a $1.294 trillion deficit.
- FY 2011 - This budget contributed $1.3 trillion to the debt.
- FY 2012 - The deficit was $1.087 trillion.
- FY 2013 - This was the first Obama budget where the deficit, $679 billion, was less than $1 trillion. Thank sequestration, which forced a 10 percent cut in spending.
- FY 2014 - The deficit was $485 billion.
- FY 2015 - The deficit fell further, to $438 billion.
- FY 2016 - The deficit is expected to be $600 billion
- FY 2017 (Current Budget) - The deficit is projected to be $441 billion.
When the deficits from all these budgets are added together, President Obama increased the debt by $6.576 trillion.
How Much Did Obama Add to the Nation's Debt?