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Debt Up $7 Trillion Under Obama

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  • 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.


    <iframe width="420" height="315" src="//www.youtube.com/embed/1kuTG19Cu_Q" frameborder="0" allowfullscreen></iframe>

  • #2

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    • #3
      Right-wingers: Debt hawks since 2009.

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      • #4
        Originally posted by bronco militia View Post



        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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        • #5
          Originally posted by L.A. BRONCOS FAN View Post
          Right-wingers: Debt hawks since 2009.
          So I guess by his own definition this would make BO an unpatriotic President?

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          • #6
            Originally posted by bronco militia View Post
            Meanwhile, I'm going to have fun imagining what music they're dancing to. I choose this:

            <iframe width="640" height="390" src="//www.youtube.com/embed/MLv7viCMGo8" frameborder="0" allowfullscreen></iframe>

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            • #7

              <iframe width="560" height="315" src="//www.youtube.com/embed/EoS52fVtVQM" frameborder="0" allowfullscreen></iframe>

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              • #8
                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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                • #9
                  Originally posted by Rigs11 View Post
                  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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                  • #10
                    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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                    • #11
                      Originally posted by Rohirrim View Post
                      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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                      • #12
                        Originally posted by Rohirrim View Post
                        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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                        • #13
                          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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                          • #14
                            Originally posted by Rohirrim View Post
                            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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                            • #15
                              Originally posted by BroncoBeavis View Post
                              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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