How much debt has Obama created?
How much debt did George W. Bush created when he was president?
The commonly accepted figure (though I'll STILL get votes down for quoting them) is that the national debt stood at 10.6 trillion on January 20th, 2009. Through Obama's first term it has grown at roughly 4 billion per day and currently sits at about 15.8 trillion (http://www.usdebtclock.org/) for a total increase of 5.2 trillion dollars under Obama's watch. Figures as of July 1st, 2012. Projections have the national debt pegged at about 16.8 trillion by the official end of Obama's first (or only) term. That means that under his watch, the debt will have grown by 6.2 Trillion dollars. In other words, a number that took America 226 years to reach (which it finally did in 2002 under GWB - no saint himself), will have taken Obama just 4 short years...
I've run the same numbers on an article I wrote and was slammed with negative comments so I removed it but the numbers don't lie, politicians do.
by Flightkeeper 13 years ago
The nation's debt leapt $166 billion in a single day last week, the third-largest increase in U.S. history; the one-day increase for June 30 totaled $165,931,038,264.30 - bigger than the entire annual deficit for fiscal year 2007. This means that nearly $1,500 of debt was added for every U.S....
by Jim Bauer 2 days ago
I am so sick and tired of the push by the Biden administration to force student loan forgiveness on the American taxpayers, many of whom did not go to college and now must pay the debts.I think we're ALL being duped. The kids, the taxpayers, and the ones who are getting off Scott free are the...
by Tim Mitchell 3 weeks ago
From Riches to Rags: Causes of Fiscal Deterioration Since 2001 by Committee for a Responsible Federal Budget (Jan 10, 2024) says;https://www.crfb.org/papers/riches-rags … ation-2001 [Who in the hell are those people. There about page is at the next link.]https://www.crfb.org/staff-members“In...
by Gary Anderson 12 years ago
I have been watching the Yahoo boards and people are furious at the Republicans, especially the Tea Party. They are getting the lion's share of the blame for the debt downgrade. Here's why:1. Obama wanted a grand plan. The Republicans rejected it.2. Obama wanted shared sacrifice including taxes for...
by Sophia Angelique 11 years ago
From Forbes Magazine.http://www.forbes.com/sites/rickungar/2 … ack-obama/Quote: "So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative? It might have something to do with the first year of the Obama presidency where the federal...
by tobey100 12 years ago
Over $14 trillion in deficitApproximately 99% debt to GDP ratioCan you spell depression?Credit rating downgrade9% unemployment20% real unemploymentGas prices skyrocketFood prices skyrocketClothing prices skyrocket1 extra warForeign policy? Really?Lost 600 plus seats in congress to the joy of his...
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