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Old 08-04-2014, 09:32 AM   #1
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Default Debt Up $7 Trillion Under Obama

Federal Debt Up $7 Trillion Under Obama

(CNSNews.com) - The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

http://www.cnsnews.com/news/article/...7t-under-obama


Obama says adding trillions to debt is unpatriotic.


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Old 08-04-2014, 10:59 AM   #2
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Old 08-04-2014, 11:10 AM   #3
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Right-wingers: Debt hawks since 2009.
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Old 08-04-2014, 12:44 PM   #4
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Blaming Obama for this debt is as ridiculous as this dance. It doesn't matter who you elect. All you're doing is strapping him or her to the back of an out of control tiger and saying, "Here! Go for a ride." You think that debt is something? You should read about the "shadow banking system." http://www.orangemane.com/BB/showthr...ghlight=shadow
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Old 08-04-2014, 12:44 PM   #5
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Right-wingers: Debt hawks since 2009.
So I guess by his own definition this would make BO an unpatriotic President?
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Old 08-04-2014, 12:47 PM   #6
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Meanwhile, I'm going to have fun imagining what music they're dancing to. I choose this:

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Old 08-04-2014, 01:07 PM   #7
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Old 08-04-2014, 01:39 PM   #8
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So has that evil Kenyan spent 7 trillion since he was elected or did that debt increase due to unfunded wars and tax cuts?
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Old 08-04-2014, 01:56 PM   #9
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So has that evil Kenyan spent 7 trillion since he was elected or did that debt increase due to unfunded wars and tax cuts?
As Hillary said "What difference does it make".

You got to love this quote from BO in 2006 ..........

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 U.S. 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 Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

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. Americans deserve better.

http://www.slate.com/blogs/moneybox/...ng_speech.html
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Old 08-04-2014, 02:10 PM   #10
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Time for a pie chart!



U.S. military spending in comparison to the rest of the world. Keep in mind, the Cold War ended almost twenty five years ago.
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Old 08-04-2014, 02:41 PM   #11
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Time for a pie chart!



U.S. military spending in comparison to the rest of the world. Keep in mind, the Cold War ended almost twenty five years ago.
But... but... but... if we cut even a dime we'll be completely defenseless!!
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Old 08-04-2014, 02:59 PM   #12
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Time for a pie chart!



U.S. military spending in comparison to the rest of the world. Keep in mind, the Cold War ended almost twenty five years ago.
You anti-Keynesians just hate duh jobs!

And Nothin's more Keynesian than defense spending. Since it's the least possible to outsource. Fall in line.

Anyway, what's the end goal here? Cut the defense budget in half so we might've only racked up $6 trillion in debt instead of $7?
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Old 08-04-2014, 03:37 PM   #13
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I see the 'conservatives' are still quite happy to remain willfully ignorant of the causes of our debt and spending problem.
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Old 08-04-2014, 04:41 PM   #14
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Time for a pie chart!



U.S. military spending in comparison to the rest of the world. Keep in mind, the Cold War ended almost twenty five years ago.
unfortunately, it is our last and only healthy industry. Cut it and the economy continues down....faster.
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Old 08-04-2014, 04:45 PM   #15
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You anti-Keynesians just hate duh jobs!

And Nothin's more Keynesian than defense spending. Since it's the least possible to outsource. Fall in line.

Anyway, what's the end goal here? Cut the defense budget in half so we might've only racked up $6 trillion in debt instead of $7?
Or gasp! Infrastructure jobs. You righties and your unfunded wars and tax cuts.then your crying about the debt. Its comical
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Old 08-04-2014, 05:13 PM   #16
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unfortunately, it is our last and only healthy industry. Cut it and the economy continues down....faster.
More jobs can be created by putting that money almost anywhere else including tax cuts.
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Old 08-04-2014, 05:50 PM   #17
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unfortunately, it is our last and only healthy industry. Cut it and the economy continues down....faster.
There's no reason we can't move soem of those funds to much more needed things. When we build thousands of tanks, aircraft, etc. that the military didn't ask for, doesn't need, and does nothing with but mothball we're just wasting manpower and resources to pad the profits of defense contractors.
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Old 08-04-2014, 05:56 PM   #18
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So has that evil Kenyan spent 7 trillion since he was elected or did that debt increase due to unfunded wars and tax cuts?

These Bushbots will never factor in the cost of Dumbyas war and the snowball effect of the damages and disabling injuries. All of those have to be funded and eventially paid off......then add in the effect of the unregulated banking fiasco......
None of this seems to sink in with any of these clowns........

I didn't cast my vote for BO the last time but to be fair he was given an Edsel and tasked to win a NASCAR race.....
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Old 08-04-2014, 06:42 PM   #19
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We already got a thread for this.
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Old 08-04-2014, 06:46 PM   #20
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Considering that with the exception of a small percentage most of them vote against their own best interests, I would agree with the title of the linked thread....
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Old 08-04-2014, 06:58 PM   #21
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I see the 'conservatives' are still quite happy to remain willfully ignorant of the causes of our debt and spending problem.
You finally learned about entitlement spending? Good on ya' Fed.
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Old 08-04-2014, 07:15 PM   #22
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There's no reason we can't move soem of those funds to much more needed things. When we build thousands of tanks, aircraft, etc. that the military didn't ask for, doesn't need, and does nothing with but mothball we're just wasting manpower and resources to pad the profits of defense contractors.

I spend quite a bit of time with vets. Considering the long term care costs associated with those who are/were diagnosed with PTSD and disabilties due to injuries boggles the mind. We cannot stick our heads in the sand and only look at the costs of IRAQ in terms of money spent during time on the ground but the long term care costs associated with that fiasco. Iraq will coninue to cost the US billions if not Trillions for decades to come......for what? For Bush and Cheney to sport a Woody during their circle jerk in the WH.
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Old 08-04-2014, 07:22 PM   #23
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You finally learned about entitlement spending? Good on ya' Fed.
See, you think this is some great gotcha, but all it does is reenforce the fact that you are ignorant on this topic -- as you are with most.
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Old 08-05-2014, 11:56 AM   #24
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I spend quite a bit of time with vets. Considering the long term care costs associated with those who are/were diagnosed with PTSD and disabilties due to injuries boggles the mind. We cannot stick our heads in the sand and only look at the costs of IRAQ in terms of money spent during time on the ground but the long term care costs associated with that fiasco. Iraq will coninue to cost the US billions if not Trillions for decades to come......for what? For Bush and Cheney to sport a Woody during their circle jerk in the WH.
...and to enrich the usual cast of war profiteers (read: Bush's real base.)

Iraq was a huge bonanza for these parasitic c0******ers.
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Old 08-05-2014, 12:49 PM   #25
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See, you think this is some great gotcha, but all it does is reenforce the fact that you are ignorant on this topic -- as you are with most.
Uh huh.



"Just Cut out that little pink part! Then we're almost solvent! For a few years. Military Schmilitary."
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