National Debt Explodes $6 Trillion Under Obama

[Stephanie]

Government - Historical Debt Outstanding - Annual 2000 - 2012

Obamalama has exploded the debt, deficit and spending

Not true. Obama has spent less, and expanded the debt less than any other president since Ike.

Unlike the "spend us into oblivion" right wingers like Reagan and W,..

That graph is misleading as it attributes none of FY2009 to Obama other than the stimulus, even though Bush signed a continuing resolution which only covered the first half of FY2012. Obama owns the second half of FY2009, which that graphs omits.

They've been told that over and over yet they still post it

 

[Dot Com]

economic messes cost more and take more time to clean-up than they do to create Steph

 

[Care4all]

I'm amused by the concept that a Democratic President spending the money approved in a Congress controlled by Democrats shouldn't bear any responsibility for said spending. The whole "fiscal year" thing is all well and good if you're trying to slant the numbers Barry's way but when it's a liberal spending money that other liberals approved the budget for it's kind of hard for me to blame the conservative that's sitting back in Texas cutting brush...you know what I mean?

It appears that it is you and Breibart who are changing it for their own political slant and bias not me dear...

Presidents have never in our history been fiscally accountable on day 1 of their presidencies. they have always been graded on their 8 fiscal years of responsibility....

PERIOD.

President bush is credited with his 8 fiscal budget years, Obama will be credited with his 8 fiscal budget years...that's how it is done and that is how it has always been done and nothing you or Breibart can say and do, will change that....

So please rethink your position as it stands, because it is simply wrong.

Care

Then maybe people should stop comparing all 8 of Bush's VS 2 and 3 of Obama's... Maybe people should stop claiming Bush left Obama a recession while claiming Clinton left Bush a surplus when in fact Clinton stole money from places like SS to fudge the numbers as well as leaving Bush a recession.

All progressives do when they attack Bush era spending is prove why Obama era spending won't suddenly save the economy. We all get that Government spending stimulates the economy, but it seems less understand it does so on debt. That debt outpaces the prospects seeing as vast amounts of it are wasted and you are left paying interest.

National Debt and Budget/ Deficits are entirely 2 different things....and have different meanings. President Clinton balanced the Budget. He still had an accumulation of the National Debt....though by smaller numbers.

If you want to say that Clinton had a deficit because SS monies were used to "mask" the deficit, then you would also have to say that President Bush's budget deficits were much higher than what was reported as well....because he too would be accused of using the SS surplus funds in the budget to mask the budget deficits....

this thread is not on budget deficits, but on the increase in the National debt, which takes all of the above in to consideration instead of just the budget itself....which can be "masked" by the SS surplus funds.

 

[Votto]

Here is what then Senator Obama said in critique of the Bush Administration on 3/20/06.

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our governments reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that "the buck stops here". Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. America deserves better."


See, there is something conservatives can agree with Obama.

 

[Faun]

Breitfart? What a joke!

Try an actual legitimate source, until then GTFO.

Government - Historical Debt Outstanding - Annual 2000 - 2012

Obamalama has exploded the debt, deficit and spending

That is misleading since in early January, 2009, before Obama was even president, the CBO, which estimates the results of the federal budget, estimated the current budget at that time would result in a $1.2 trillion deficit for FY2009. The deficit for FY2009 ended up at $1.4 trillion.

 

[Care4all]

Government - Historical Debt Outstanding - Annual 2000 - 2012

Obamalama has exploded the debt, deficit and spending

Not true. Obama has spent less, and expanded the debt less than any other president since Ike.

Unlike the "spend us into oblivion" right wingers like Reagan and W,..

That graph is misleading as it attributes none of FY2009 to Obama other than the stimulus, even though Bush signed a continuing resolution which only covered the first half of FY2012. Obama owns the second half of FY2009, which that graphs omits.

No, it is not deceiving and Obama is not responsible for the 2009 fiscal budget...it is YOU who is mistaken and have not taken the time to research it for yourself and are just mouthing off what you have been told and time and time again you all are corrected on this false assumption or yours yet you neglect to absorb the truth.

Please, for the love of God, read the full link below...it is very informative and enlightening....read it all, it is very thorough.

FactCheck.org : Obama?s Spending: ?Inferno? or Not?

------------------------------------------------

If you want to take the 200 billion at most, that Obama affected bush's budget with, then you would in turn have to count what President Bush did when he first took office and take that spending and tax cuts out of Clinton's last budget for fiscal 2001....since president Bush gave us all a tax break and stimulus before Clinton's last fiscal budget for 2001 was over on September 30th.

 

[rdean]

Under President Barack Obama, the national debt has grown by more than $6 trillion, the largest increase under any president in U.S. history.

According to the Treasury Department, the national public debt now stands at $16,687,289,180,215.37.

On the first day of Obama’s first term, the debt was $10.626 trillion.

Under President George W. Bush, the debt grew $4.9 trillion in eight years.

Presently, the federal government is embroiled in a contentious debate over $85 billion in budget cuts, or 0.005% as a percentage of the national debt.
- See more at: National Debt Explodes $6 Trillion Under Obama

Actually, we don't even know how much it grew under Bush.

Remember, there have been tens of thousands of Americans maimed in Iraq. We will need to care for these people an average of 50 years each. That's from Bush stretching years into the future. Then the Bush tax cuts that were extended. Who knows the total cost? Remember, they weren't offset. We still don't know the final cost of Iraq. The Big Pharma bill has only been calculated. But the early estimates were in the trillions. Then the money lost with the millions of jobs moving to China from 2000 to 2008.

It would be so neat and tidy if it was only where one president ended and the next began. Only it's NOT "neat and tidy".

No matter how much the disaster that was Bush is spelled out in simple English, Republicans don't seem to be able to "get it"? Perhaps it is they who are too "simple"?

 

[Lumpy 1]

It costs a lot for a serving totally inept President and his party members to be re-elected, the union payoffs alone were probably astronomical...

Along with everything else the costs of graft and corruption has gone up, especially with Obama...

 

[Votto]

Wouldn't it be nice if they just passed a budget?

Instead, it is much more interesting to talk about gay sex. Looking at the dysfunction in Washington, I can't say I blame them.

 

[Care4all]

Snip:
National Debt has increased more under Obama than under Bush

CBS
(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.


The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.


The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.


The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.


Mr. Obama has been quick to blame his predecessor for the soaring Debt, saying Mr. Bush paid for two wars and a Medicare prescription drug program with borrowed funds.


The federal budget sent to Congress last month by Mr. Obama, projects the National Debt will continue to rise as far as the eye can see. The budget shows the Debt hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9 trillion in 2022.

all of it here
National Debt has increased more under Obama than under Bush - Political Hotsheet - CBS News

no where does this man who wrote this show the gvt charts supporting his accusations....

just look at the government charts....that show the fiscal years....

I linked it in an above post....

and I have issue on the amount he has attributed to President Bush as being the NATIONAL DEBT, I think he has his terms misused...he should be saying Public Debt, not total National debt.....there is a difference, words have meaning.

 

[Meathead]

Under President Barack Obama, the national debt has grown by more than $6 trillion, the largest increase under any president in U.S. history.

According to the Treasury Department, the national public debt now stands at $16,687,289,180,215.37.

On the first day of Obama’s first term, the debt was $10.626 trillion.

Under President George W. Bush, the debt grew $4.9 trillion in eight years.

Presently, the federal government is embroiled in a contentious debate over $85 billion in budget cuts, or 0.005% as a percentage of the national debt.
- See more at: National Debt Explodes $6 Trillion Under Obama

Actually, we don't even know how much it grew under Bush.

Remember, there have been tens of thousands of Americans maimed in Iraq. We will need to care for these people an average of 50 years each. That's from Bush stretching years into the future. Then the Bush tax cuts that were extended. Who knows the total cost? Remember, they weren't offset. We still don't know the final cost of Iraq. The Big Pharma bill has only been calculated. But the early estimates were in the trillions. Then the money lost with the millions of jobs moving to China from 2000 to 2008.

It would be so neat and tidy if it was only where one president ended and the next began. Only it's NOT "neat and tidy".

No matter how much the disaster that was Bush is spelled out in simple English, Republicans don't seem to be able to "get it"? Perhaps it is they who are too "simple"?

Where does the "disaster that was Bush", which btw took us through seven years of unparalleled prosperity, become an Obama failure to rectify? Literally, where do trillions of dollars spent and five years into the future with essentially socialist anti-business policies does the buck stop?

Is Bush II, like Reagan (laughably), going to be blamed into perpetuity?

 

[Faun]

Not true. Obama has spent less, and expanded the debt less than any other president since Ike.

Unlike the "spend us into oblivion" right wingers like Reagan and W,..

That graph is misleading as it attributes none of FY2009 to Obama other than the stimulus, even though Bush signed a continuing resolution which only covered the first half of FY2012. Obama owns the second half of FY2009, which that graphs omits.

No, it is not deceiving and Obama is not responsible for the 2009 fiscal budget...it is YOU who is mistaken and have not taken the time to research it for yourself and are just mouthing off what you have been told and time and time again you all are corrected on this false assumption or yours yet you neglect to absorb the truth.

Please, for the love of God, read the full link below...it is very informative and enlightening....read it all, it is very thorough.

FactCheck.org : Obama?s Spending: ?Inferno? or Not?

------------------------------------------------

If you want to take the 200 billion at most, that Obama affected bush's budget with, then you would in turn have to count what President Bush did when he first took office and take that spending and tax cuts out of Clinton's last budget for fiscal 2001....since president Bush gave us all a tax break and stimulus before Clinton's last fiscal budget for 2001 was over on September 30th.

You're being ridiculous. You can't just blindly look at FY2009 and attribute it all to Bush.

Under normal circumstances, that would be acceptable. Normal circumstances being that an incoming president inherits the annual budget from their predecessor which would have begun the previous October.

But FY2009 was not a normal circumstance. There was no annual budget signed by Bush for FY2009, therefore, he doesn't own it, as you are trying to claim.

At the end September, 2008, as FY2008 was coming to a close and the federal government still could not get a budget signed, Bush signed a continuing resolution to keep the government functioning for the first half of FY2009.

The following March, Obama then assumed the budget when he signed a continuing resolution, that went into effect on March 12, 2009.

From that date forward, you cannot blindly attribute the budget to Bush simply because FY2009 started under his watch.

 

[Faun]

Where does the "disaster that was Bush", which btw took us through seven years of unparalleled prosperity...

by what metric?

 

[Votto]

Saturday Night Live | NBC

They hit the nail on the head....finally. I guess now that the election is over its OK to tell the truth. Thanks for nothing SNL.

 

[rdean]

Where does the "disaster that was Bush", which btw took us through seven years of unparalleled prosperity...

by what metric?

 

[Meathead]

Where does the "disaster that was Bush", which btw took us through seven years of unparalleled prosperity...

by what metric?

United States - GDP - real growth rate - Historical Data Graphs per Year

 

[rdean]

Saturday Night Live | NBC

They hit the nail on the head....finally. I guess now that the election is over its OK to tell the truth. Thanks for nothing SNL.

You're right. It wasn't very funny.

But end was great. 9 months from now, Republicans will have created a way worse crisis.

 

[RandallFlagg]

Government - Historical Debt Outstanding - Annual 2000 - 2012

Obamalama has exploded the debt, deficit and spending

Not true. Obama has spent less, and expanded the debt less than any other president since Ike.

Unlike the "spend us into oblivion" right wingers like Reagan and W,..

By the true numbers, you are dead wrong

You sir, are an idiot and fall for the typical propaganda... because you want it to be true

I love the way the liberals, when faced with the truth, bring out their little charts and graphs (no doubt from some propaganda site) to bolster the defense of their boy.

This site in particular, is the worst I have seen so far. "But LOOK!!! I have a chart!!! it MUST be true!!"


The next thing we will hear from these Kool aid drinkers is that the United States is in the best shape that it has EVER been in.......

 

[rdean]

Where does the "disaster that was Bush", which btw took us through seven years of unparalleled prosperity...

by what metric?

United States - GDP - real growth rate - Historical Data Graphs per Year

Wow, from 2004 to 2009, it was all downhill. And Republicans have done everything they can to keep it that way. They think it will hurt the president. Who cares what it does to the country?

2004 and beyond is the result of policies from 2000 through 2003.

 

[rdean]

Not true. Obama has spent less, and expanded the debt less than any other president since Ike.

Unlike the "spend us into oblivion" right wingers like Reagan and W,..

By the true numbers, you are dead wrong

You sir, are an idiot and fall for the typical propaganda... because you want it to be true

I love the way the liberals, when faced with the truth, bring out their little charts and graphs (no doubt from some propaganda site) to bolster the defense of their boy.

This site in particular, is the worst I have seen so far. "But LOOK!!! I have a chart!!! it MUST be true!!"


The next thing we will hear from these Kool aid drinkers is that the United States is in the best shape that it has EVER been in.......

Oh please. Give me a break. Republicans think Iraq was a "success" and still insist they had WMD's. Give it up.