U.S.A $9,335,000,000,000 Deeper in Debt

[NYcarbineer]

The deficit was a trillion when Obama took office, it's about half that now.

 

[Dalia]

At the end of eight years this is the result, although, to blame Obama solely for this is disingenuous. The Republican Congress also sent him these budgets and they are just as culpable. The person in the Oval Office is not going to matter if this kind of reckless spending continues.

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

Bonsoir, USA is deeper in debt since the wars Afghanistan and Iraq and the crisis of 2008 ?

No, it was just a downturn in revenues from the continuing recession and very slow recovery.

In 2008 some of the American peoples lost Their retirement, peoples have lost everything I ask because this is what was being said here in France?

we have the Best form of Socialism in the Entire World. the rich can even keep their multimillion dollar bonuses while on means tested corporate welfare, and the poor can still have steak and lobster on their EBT cards.

Are there cities where peoples have lost everything and their retirement too?

 

[Siete]

same shit, different mouth ... establishment or non establishment, politicians, or assholes that swear they're not politicians, promise the moon, shit on your shoes economic plans ...

With added interest, the Trump plan would add about $7.2 trillion to the national debt over the next decade..

yawnnnnnnnnnnn.

 

[Siete]

The deficit was a trillion when Obama took office, it's about half that now.

$1.4 down to .4 .. a trillion dollar reduction.

 

[keepitreal]

At the end of eight years this is the result, although, to blame Obama solely for this is disingenuous. The Republican Congress also sent him these budgets and they are just as culpable. The person in the Oval Office is not going to matter if this kind of reckless spending continues.

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

When Bush took office, the budget was nearly balanced with the CBO saying there would be a 5 trillion dollar surplus over the next 10 years. So what happened?

Well, let's add things up.

Three trillion for Bush tax cuts. That means three trillion gone right away. Remember, taxes are revenue. That revenue stream no longer exists.

From 2001 to 2008, over 42,000 factories moved to China. Those factories are gone. The government revenue stream from those factories are gone. The trickle down was gone. The taxes the people working at those factories was gone. All that revenue gone.

See, if you just keep going down the line, the enormous damage the GOP did wasn't just one time. The entire revenue stream was gone.

Then you have the trillions lost in Iraq, which even Trump talks about.

GOP damage wasn't limited to just throwing away money, it went to the foundation of the country. Then along comes Obama. Republicans blaming all their vast damage on him. What was he supposed to do? Republicans not only created debt, but they took away the means to pay down that debt.

And now we have the King of Debt as our commander in chief. The days of blaming Obama are over.

Donald Trump: 'I'm the king of debt'

What is fucking wrong with you?
THERE IS PLENTY OF BLAME,
NONE OF WHICH OBAMA IS EXCUSED FROM!

THE FAULT FIRST LIES
WITH THE COMPLACENCY OF THE PEOPLE!

AAAAARRRRRGGGGGG

 

[danielpalos]

At the end of eight years this is the result, although, to blame Obama solely for this is disingenuous. The Republican Congress also sent him these budgets and they are just as culpable. The person in the Oval Office is not going to matter if this kind of reckless spending continues.

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

Bonsoir, USA is deeper in debt since the wars Afghanistan and Iraq and the crisis of 2008 ?

No, it was just a downturn in revenues from the continuing recession and very slow recovery.

In 2008 some of the American peoples lost Their retirement, peoples have lost everything I ask because this is what was being said here in France?

we have the Best form of Socialism in the Entire World. the rich can even keep their multimillion dollar bonuses while on means tested corporate welfare, and the poor can still have steak and lobster on their EBT cards.

Are there cities where peoples have lost everything and their retirement too?

people lose money all the time under capitalism. corporate raiding has done more to retirement accounts than our recessions.

 

[Dont Taz Me Bro]

the Hair Club President has already said he has a cure for our debt, time, and time again. Tomorrow is his first day in office, lets see exactly how long it takes him to solve our debt issues.

He's not going to be solving the debt issue

 

[Dont Taz Me Bro]

At the end of eight years this is the result, although, to blame Obama solely for this is disingenuous. The Republican Congress also sent him these budgets and they are just as culpable. The person in the Oval Office is not going to matter if this kind of reckless spending continues.

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

Most of that was in the first 4 years of the great recession so either BHO or W Bush would have had the same thing. This started on Bush's watch.

For the second 4 years it dropped to about $500 mil per year for a total of $2 bil only.

So you can only cry about the recession and the downturn in Federal revenues.

No business, no taxes, huge deficits.

The rest of us have to live within our means when we see a loss in income. This is no excuse.

And no, the deficit did not drop to $500 mil per year; it declined to around $500 BILLION a year and that is staggeringly high.

 

[Trump.Stamped]

At the end of eight years this is the result, although, to blame Obama solely for this is disingenuous. The Republican Congress also sent him these budgets and they are just as culpable. The person in the Oval Office is not going to matter if this kind of reckless spending continues.

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

Yet, we can still afford an exorbitantly expensive and useless, War on Drugs.

It was a waste because Obama let all the crack and meth dealers out of prison.

 

[Dont Taz Me Bro]

The deficit was a trillion when Obama took office, it's about half that now.

And it's unacceptable.

 

[Cowman]

the Hair Club President has already said he has a cure for our debt, time, and time again. Tomorrow is his first day in office, lets see exactly how long it takes him to solve our debt issues.

He's not going to be solving the debt issue

He actively intends to make it worse... by building an insanely expensive wall that he knows Mexico won't pay for... and then paying upkeep on that wall for dozens and dozens of years.

Trump administration is going to be very costly. Bigly.