IcebergSlim
Diamond Member
- Oct 11, 2013
- 10,886
- 9,143
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- Banned
- #61
Total debt, counting money the government owes to itself, currently stands at nearly $18.9 trillion, up nearly 78 percent under Obama.It's all a matter of record, public record, and easily researched.How much has Obama added to the national debt?The budget and national debt are two entirely different animals.
The national debt is in astronomical numbers and rising.
The interest alone on the national debt is bankrupting us.
How much has Obama added to the national debt?
What will the national debt be when he leaves office?
How much money has he given away to foreign governments?
How much has he spent on senseless deadly costly wars?
How many mosques has he built on foreign soil?
How many luxury vacations has his wife and daughters taken?
Go on, Sonny.....give it a shot....
Do you expect me to do the research for you?
Federal Debt, Deficits and Spending
Debt – The U.S. government’s debt owed to the public has more than doubled. It is now more than $13.6 trillion, an increase of 116 percent since Obama first took office.
And the debt also has grown dramatically even when measured as a percentage of the growing economy, from 52 percent of gross domestic product at the end of fiscal year 2009 to just under 74 percent at the end of fiscal 2015, according to the most recent estimate by the nonpartisan Congressional Budget Office.
Spending – Federal spending, however, has increased much less. Total federal outlays in the fiscal year that ended Sept. 30 last year totaled just under $3.69 trillion, according to final U.S. Treasury figures. That’s just 4.8 percent above the total outlays for fiscal 2009, which was well underway when Obama took office.
To be sure, Obama was responsible for some of the FY 2009 spending, but as we’ve shown in detail elsewhere, his early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Even attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to 11.3 percent over the level he inherited.
Massive federal deficits continue: The final figure for FY 2015 was $438.9 billion. That was about $44.5 billion less than the shortfall in fiscal year 2014, but CBO projects that without further spending cuts or revenue increases, deficits will soon be growing larger again, and will top $1 trillion in FY 2025.
Total debt, counting money the government owes to itself, currently stands at nearly $18.9 trillion, up nearly 78 percent under Obama.
Obama’s Numbers (January 2016 Update)
That doesn't answer the question.....pay close attention to how this is phrased...
It is now more than $13.6 trillion, an increase of 116 percent since Obama first took office.
Next, you want to learn about "structural deficits".....
Once you've done so, we can take another look - 'k?
Still haven't answered the question....
Did you learn anything about "structural deficits"?