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(2,125 posts)stanleyyelnatsdotCOM
(65 posts)IamK
(956 posts)as anyone can easily confirm by plugging Obamas inauguration date Jan. 20, 2009 in the Treasury Departments handy debt to the penny website. That shows the nations total debt stood at $10.6 trillion on the day Obama took office (not $6.3 trillion), and it had increased to nearly $15.4 trillion by the end of January 2012 a rise of more than $4.7 trillion in just over three years (not $6.5 trillion).
Thats a huge increase to be sure 44.5 percent. And the Congressional Budget Office now projects that it will grow to more than $16 trillion by the end of the current fiscal year on Sept. 30. At that point, the debt will have increased by more dollars in Obamas first four years than it did in George W. Bushs entire eight-year tenure, when it rose by $4.9 trillion. The rise under Obama would then be the biggest dollar increase for any president in U.S. history.
It also appears the poster has Bush is paying for all of the Afghanistan was even though most of the cost was after 2009....
blacksmithhill
(1 post)The fact is we elected him to reduce it not grow it by 45%.
SoutherDem
(2,307 posts)Yeah. Give Bush a free pass to spend us into oblivion then complain that Obama is trying to fix the problem. This was your first post. One could think you are a troll.
rhett o rick
(55,981 posts)and blaming him. Get your facts straight. Or do you even have a concept of facts?
uppityperson
(115,681 posts)need to learn about how the 3 branches of gvt works. Having a congress that automatically blocks everything is a bit of a problem, no?
Jim Lane
(11,175 posts)We have two deficit problems. The long-term deficit is too high, because of structural factors, notably the Bush tax cuts and our bloated military establishment. The short-term deficit is too low, because the economy is in the tank and needs stimulus that only the federal government can provide.
I would be happier if Obama had proposed and gotten enacted a much larger stimulus, in which case the federal debt (expressed in current dollars, as per the OP, which is not the most meaningful measure) would be even higher.
kestrel91316
(51,666 posts)We elected him to carry out the Democratic party's platform.
MADem
(135,425 posts)Plucketeer
(12,882 posts)and they're doing NOTHING but protecting the wealthy. They staunchly protect our newest "people" from paying one red cent towards all the infrastructure WE buy and THEY use. But just let me try to overlook the measly lottery winnings I lucked into this year. Let me try that and let's see which detention facility they let me vacation at for a good chunk of time!
Dokkie
(1,688 posts)in 5, 4, 3, 2,................. and hes gone. Too few post to be making such comments
Spitfire of ATJ
(32,723 posts)Last edited Sat Jun 16, 2012, 03:33 PM - Edit history (1)
When the Stock Market crashed a lot of investors got out of the market and ran to the security of US Treasury Bonds.
The Bond Market has been a RIVAL of the Stock Market all along.
Here's the real kicker: Those bonds are hardly ever cashed in. they are traded back and forth.