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Sat Jun 16, 2012, 03:38 AM

The Truth About Our National Debt - image






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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Arrow 13 replies Author Time Post
Reply The Truth About Our National Debt - image (Original post)
Tx4obama Jun 2012 OP
flor-de-jasmim Jun 2012 #1
stanleyyelnatsdotCOM Jun 2012 #11
IamK Jun 2012 #2
blacksmithhill Jun 2012 #3
SoutherDem Jun 2012 #4
rhett o rick Jun 2012 #5
uppityperson Jun 2012 #6
Jim Lane Jun 2012 #7
kestrel91316 Jun 2012 #8
MADem Jun 2012 #10
Plucketeer Jun 2012 #12
Dokkie Jun 2012 #13
Spitfire of ATJ Jun 2012 #9

Response to Tx4obama (Original post)

Sat Jun 16, 2012, 03:48 AM

1. This should be on billboards across the States.

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Response to Tx4obama (Original post)

Sat Jun 16, 2012, 07:49 AM

2. It leaves out 2012, it is now @ 4.7 trillion for the President (in < 4 years)...

 

http://www.factcheck.org/2012/02/dueling-debt-deceptions/

as anyone can easily confirm by plugging Obama’s inauguration date — Jan. 20, 2009 — in the Treasury Department’s handy “debt to the penny” website. That shows the nation’s 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).

That’s 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 Obama’s first four years than it did in George W. Bush’s 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....

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Response to Tx4obama (Original post)

Sat Jun 16, 2012, 09:05 AM

3. Who cares how much the debt has grown!

The fact is we elected him to reduce it not grow it by 45%.

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Response to blacksmithhill (Reply #3)

Sat Jun 16, 2012, 10:10 AM

4. Who cares?

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.

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Response to blacksmithhill (Reply #3)

Sat Jun 16, 2012, 10:26 AM

5. He has a Repuke Congress that is bent on destroying the country

and blaming him. Get your facts straight. Or do you even have a concept of facts?

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Response to blacksmithhill (Reply #3)

Sat Jun 16, 2012, 11:22 AM

6. If you elected him to rule as a dictator, bypassing congress, you

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?

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Response to blacksmithhill (Reply #3)

Sat Jun 16, 2012, 11:27 AM

7. I didn't elect him to reduce the debt.

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.

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Response to blacksmithhill (Reply #3)

Sat Jun 16, 2012, 11:48 AM

8. Reducing the debt isn't what we Democrats elect our presidents to do.

We elected him to carry out the Democratic party's platform.

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Response to blacksmithhill (Reply #3)

Mon Jun 18, 2012, 06:08 PM

10. "We" did? Really? That's news to me. nt

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Response to blacksmithhill (Reply #3)

Tue Jun 19, 2012, 11:26 AM

12. We elect the congress too

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!

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Response to blacksmithhill (Reply #3)

Tue Jun 19, 2012, 07:57 PM

13. and you will be tombstoned

 

in 5, 4, 3, 2,................. and hes gone. Too few post to be making such comments

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Response to Tx4obama (Original post)

Sat Jun 16, 2012, 01:46 PM

9. A part of the National Debt people NEVER talk about

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.

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