Since Obama has taken office . [through Q2 2012 for comparative purposes] --> For every $1 added to the economy, weve added more than $3 in debt --> added $5.23 trillion in debt vs. $1.68 trillion to the economy --> 50% increase in debt vs. 12% increase in economic output Total Public Debt: $10,626T [Jan 20, 2009] $15,856T [Jun 30, 2012] --> $5.23 trillion increase in debt [source: Treasury Dept] ...... GDP $13,923T [Q1 2009] $15,606T [Q2 2012] Read more: http://nation.foxnews.com/governmen...economy-obama-added-more-3-debt#ixzz26lBRsGTn This cannot be sustained.
I repped you on that but I do not like the post. It just pisses me off and makes me want to do bad things to people. Obama was correct! He has brought change.
That's a nearly useless metric since it includes the balance on the "credit card" left over from Bush's spendthrift administration. What's the breakdown on economy vs deficit spending directly related to President Obama's policies?
Look again, the first number includes Bush's debt. Remember Obama agreed with and administered all of the programs that pumped up the debt. Obama strongly supported Tarp, strongly supported the Auto Bailout and strongly supported his Stimulus spending (without one GOP vote in the House). You cannot run away from Obama's spending.
It isn't being sustained. Since 12/31/10, the debt has increased $1.8 trillion while GDP increased $870 billion. So now it has improved to a about a 2-1 factor. We need to keep on that improvement trend. What we *don't* need is another round of debt exploding tax cuts.
Hoosier8 has it right. obama had total control in the first 2 years. He could have ended wars, stopped programs, done whatever he wanted. He didnt. He kept the wars and the programs, and now they are his programs and wars. He owns teh debt and deficit. Suck it up, obama is a fiscal disaster.
http://www.thenation.com/article/170158/us-special-forces-deployed-iraq-again# We still go in and out. The new Iraq is a puppet state.
