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Obama didn't run up $10 trillion of "his own debt", a couple of points that you seem to be missing:
1. It's Congress that appropriates money not the President
2. Every President is saddled with mandatory spending, existing discretionary spending and debt service when he/she comes into office that he/she doesn't have any control over.
IMHO If you want a more accurate measure of the debt "ran up" by a particular President you'd have to discount the mandatory spending, existing discretionary spending and debt service which existed prior to his/her taking office and then add the actual costs (extrapolated out) of any new spending measures that President signed into law and subtract any spending reductions (extrapolated out ) that President signed into law then compare that changes in federal revenues during the course of the Administration. Then take that number and adjust it for inflation to a base year.
Wouldn't be perfectly accurate but it would be far closer to reality than just looking at the cumulative operating deficits over the course of any given Administration because every Administration has a lot of spending it inherits as well as a baseline of revenue.
In a nutshell : look at the spending the President actually adds (or reduces) and then compare that to the increase or decrease in revenues during that Presidents tenure, the difference would be the debt (or surplus), then extrapolate out and add any debt service costs for debt added and that would be closer to what that President is directly responsible for.
The sad thing is that you stupiud hypocritical Moon Bats actually believe that Obama didn't run up the debt. That is the delusion that you dumbshits have. You never take responsibility for the
damage done by failed Left economics.
LOL, why would I take any responsibility for "the damage done by failed Left economics"? and I never said President Douche Bag "didn't run up the debt" I explained how one would go about calculating something more closely resembling the ACTUAL debt figure that he's responsible for running up.
Apparently you're not bright enough to get my point so allow me to
simplify it for you:
The point was how to calculate something approximating REALITY for ANY PRESIDENT instead of just using the figure parroted by the ignorant masses (cumulative operating deficits) because they're too intellectually lazy to actually objectively examine the fiscal and political dynamics.
Alas, I suspect you don't really care about REALITY and instead just enjoy parroting partisan talking points which have no bearing on it.
I don't play partisan politics. I dumped the Republican Party a long ago when I realized they were nothing more than Democrat Light. They are better than Democrats but that is not saying much because the Democrats set such a low bar.
The filthy ass Obama lovers have been blaming his failures on Bush and the Republican for the last eight years and that is despicable. It is really the height of hypocrisy for the Moon Bats to ***** about Republican debt while ignoring massive Democrat debt.
It's a pretty safe bet that when the debt deltas are added up between Bush II and Obama that Bush II is responsible for more debt accumulation than Obama was, after all Bush started with a nominal budget surplus and has the Afghanistan & Iraq wars in his column along with all his idiotic bailouts and entitlement expansion.
Of course that's just a cursory guess since we still don't know all the actual costs of Obama's idiotic policies (Obamacare, Dodd-Frank, et al...).
I am against all debt. The government should never be allowed to spend more money than it takes in unless it is a war that requires a significant increase in defense spending in order to deal with a major threat, like we had in 1942.
You do understand that this is impossible under the current economic conditions, right? Our entire financial system is dependent on debt and that includes government debt, if the federal government attempted anything close to balancing the budget by spending reduction in any reasonable time period the whole house of cards would collapse around our ears and if it didn't do it via spending reduction then it would require MASSIVE tax increases on EVERYBODY which would have the same effect.
Face it the current financial situation in the federal government is a giant Ponzi scheme which is inextricably dependent on ever increasing debt and monetary debasement.
That asshole Slick Willy did a lot of damage to this country. One of them was refusing to support the Republican Contract for America item to have a balanced budget requirement for the Federal government. That was the one chance we had to prevent Federal debt and the Democrats, aided by a few weak minded Republicans, failed to belly up to the bar when they had the opportunity.
Well "Slick Willy" did leave office with a nominal federal surplus on the books, of course he doesn't deserve much credit since it was primarily a product of an enormous asset bubble and a somewhat fiscally conservative Congress but at least he managed not to completely **** it up while it was happening.
