That's cool my comment can just be deleted. That's ok I'll repost it with the corrections I made.
A few other people have mentioned it, but let's look at the hard facts. (I'm using the suggestion on basing debt on the President that approved the budget for the year, not basing it on Elections/when one took office. Hence October 1 of the first year of their budget to September 30 of the last year of their budget).
At the end of Clinton's term we had debt totaling $5.8 trillion dollars.
At the end of the fiscal year for Bush's first term in office (9/30/05) we had $7.93 trillion in debt.
At the end of the fiscal year for Bush's second term in office (9/30/09) we had $11.9 trillion in debt.
As of RIGHT NOW (10/1/09 - 3/20/12) Obama has debt totaling $15.57 trillion dollars.
If the facts and numbers don't speak for themselves I don't know what could. The debt only increased $2.1t during Bush's first term, it has increased $3.67t since Obama's first budget went into effect and we still have another year and a half with his budgeting.
Hey Time, Again. I'm not forgetting any of that thought I wouldn't agree with the way you phrased any of it. But again I'm asking for you to give me facts and not just the liberal speakeasy that people seem to spout off. I'm not debating how great the Bush Administration was or not, I'm debating the fact that in the first 2.5 years of Obama's budget, he has drastically outspent Bush compared to his first term. Extrapolate that (if he were by chance re-elected, yea right) and Obama WILL undoubtedly have racked up more debt than Bush EVER DID.
greg, how about you compare the economy under Bush's first term against the the economy under Obama? Bush had a mild recession (and I'm assuming it qualified as a recession), while Obama had a massive one. So the medicine to deal with the economy under Obama would then need to be stronger than what Bush would need to provide. Talking about the two like they were maybe otherwise equal is hardly a fair comparison.
Today is primary election day here in Illinois...there are people hired by the Republican party or just the Republican party to write stories like this to scare people into voting Republican...well, we aren't impressed with ANY of them...The first way to save money is to bring our troops home, the second is deport all the illegals that are here and get public aide, Medicaid, a free education and all the rest of the freebies that we the normal everyday taxpayers pay for. Some may want to vote out all incumbents but they are part and parcel just more of the same, only the faces will change but not the greedy, corrupt politicans...it will go on and on until our country is taken over by the Chinese or some other foreign countries that our government, Republican, Democrat and Independent have vote YES to borrow, borrow and borrow more money.
A few other people have mentioned it, but let's look at the hard facts. (I'm using the suggestion on basing debt on the President that approved the budget for the year, not basing it on Elections/when one took office. Hence October 1 of the first year of their budget to September 30 of the last year of their budget).
At the end of Clinton's term we had debt totaling $5.8 billion dollars.
At the end of the fiscal year for Bush's first term in office (9/30/05) we had $7.93 billion in debt.
At the end of the fiscal year for Bush's second term in office (9/30/09) we had $11.9 billion in debt.
As of RIGHT NOW (10/1/09 - 3/20/12) Obama has debt totaling $15.57 billion dollars.
If the facts and numbers don't speak for themselves I don't know what could. The debt only increased $2.1b during Bush's first term, it has increased $3.67b since Obama's first budget went into effect and we still have another year and a half with his budgeting.
It's time for change and for a leader who knows how to balance a budget and has saved the Olympics from financial disaster and brought Massachusetts' budget to a surplus as Governor. Romney 2012!
Perhaps the most audacious action in the past 500 years (sorry, Joe, it wasn't the logical call to take out bin Laden) has been Obama's ability to consistently spin (or distort or ignore) the facts to promote his own re-election -- and the media's consistent complicity in the hoodwinking of much of America.
I don't have any problems with facts or events of history, in fact everything I just listed is PURE fact from the Treasury Department itself. Each of those numbers listed are based on what each President has spent in their OWN budgets.
Would you mind enlightening to some facts that stand in the way of what I am saying, that may prove me wrong?
Admitedly, this is a very scary calm before the storm and I'm one who has never really responded or feared the financial doomsday scenario....until now. The worlds banking and commodity systems are, in most countries, predicated on the value of the U.S. Dollar. When, for example, China buys 10yr. T-bills that are paying under 1% (0.8%) after inflation and inflation is hovering at 3%..they're essentiall paying the U.S. Government to 'store' Chinese wealth at a loss of around 2%....so how long can that last? Once a major player begins selling off U.S. paper, this house of cards will begin to crumble and fast. I see no other reasonable path for this situation to follow. (By the way, I'm a Carpet Cleaning Company owner by trade-not a financial expert although I've been managing to maintain a 300k position for about 18 years) Going to war with creditors is not a solution, printing more inflated dollars is a hollow stall. Its like the whole world is playing the 'King has no cloths' game, ignoring the obvious...continuing the game because we don't know what else to do.
Insanely, I'm ' all in '...in the market, how crazy is that? I dont know what else to do really, go to cash? ...And how will that hold its value..again like I said in the previous post, buy things that will hold value in the comming 'mailstorm' I guess. Boy scouts said it right...be prepared!
by Dan1903 March 20, 2012 1:54 PM EDT Yes, Obama was born in Communist USSR and he was groomed to be our President by the KBG. The plan is to take our country down from the inside. No one know his past. He needs to go before it is too late.
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Dan how do you sleep at night after spreading bold faced lies like this????
Presidents take office in the middle of a fiscal year signed into law by their predecessor. To be more precise you should compare the fiscal years signed by each president. In other words, you don't take the level of debt on January 20th. You really should start with the level of debt on October 1 but then extend it all the way to the September 30 after they've left office. You can make some adjustments for when a new president makes additional spending that is above the budget they inherited from their predecessor.
The debt on 10/1/2001, the first day of the first budget approved by Bush was about $5.8 trillion. On 9/30/2009, the last day of Bush's last budget the debt was $11.9 trillion. It went up $6.1 trillion for all of Bush's budgets.
The debt on 10/1/2009, the first day of the first budget of Obama was $11.9 trillion. The debt today is almost $15.6 trillion. It has gone up by $3.65 trillion under Obama budgets.
Of course, to be fair, we should adjust for extra spending that Obama did in his first nine months that was not in the last Bush budget. If we err on the side of overestimating we might assume that as much as $200 billion of the nearly $600 billion in stimulus expenses got spent between February 17, 2009 and September 30, 2009. So, let's increase Obama's spending up to $3.85 trillion.
Still we have Bush at $6.1 trillion and Obama at $3.85 trillion. Source of data: http://www.treasurydirect.gov/NP/NPGateway
Bush's Deficits: $158 billion in 2002, $378 billion in 2003, $413 billion in 2004, $318 billion in 2005, $248 billion in 2006, $162 billion in 2007, and $410 billion in 2008.
Obama's deficits: $1.42 trillion in 2009, $1.56 trillion in 2010 $1.3 trillion 2011
Barack Obama couldn't lead an army of ants to a sugar cube but the Marxist propaganda networks want you to believe he's a runaway favorite to win re-election. ACORN will have to register more dead people than originally projected.
Empire, I truly wished Colin Powell would have followed through with his campaign in 1996. Then we could tell our grandkids the SECOND black president in US history was a miserable failure.
To the Bush haters, seriously, at which point does a Congress or President become responsible for their terms? If you disagree with previous legislation; CHANGE IT! Our interstate system built in the 60's costs hundreds of billions per year today in maintenance but nobody is blaming Eisenhower for the current deficit. Criminy! If my wife bought a car we couldn't afford and it was putting me in debt I'd sell the dang thing and scale down instead of the liberal whine..."my wife put me into this terrible mess and I can't do anything about it because I'm a helpless whimp with no spine"...
Lucky for Obama (if he's re-elected) that Liberals will still be chanting "Bush's fault" for the next 5 years to continue to liberate him from any accountability.
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A few other people have mentioned it, but let's look at the hard facts. (I'm using the suggestion on basing debt on the President that approved the budget for the year, not basing it on Elections/when one took office. Hence October 1 of the first year of their budget to September 30 of the last year of their budget).
At the end of Clinton's term we had debt totaling $5.8 trillion dollars.
At the end of the fiscal year for Bush's first term in office (9/30/05) we had $7.93 trillion in debt.
At the end of the fiscal year for Bush's second term in office (9/30/09) we had $11.9 trillion in debt.
As of RIGHT NOW (10/1/09 - 3/20/12) Obama has debt totaling $15.57 trillion dollars.
If the facts and numbers don't speak for themselves I don't know what could. The debt only increased $2.1t during Bush's first term, it has increased $3.67t since Obama's first budget went into effect and we still have another year and a half with his budgeting.
IT'S TIME FOR CHANGE.
At the end of Clinton's term we had debt totaling $5.8 billion dollars.
At the end of the fiscal year for Bush's first term in office (9/30/05) we had $7.93 billion in debt.
At the end of the fiscal year for Bush's second term in office (9/30/09) we had $11.9 billion in debt.
As of RIGHT NOW (10/1/09 - 3/20/12) Obama has debt totaling $15.57 billion dollars.
If the facts and numbers don't speak for themselves I don't know what could. The debt only increased $2.1b during Bush's first term, it has increased $3.67b since Obama's first budget went into effect and we still have another year and a half with his budgeting.
It's time for change and for a leader who knows how to balance a budget and has saved the Olympics from financial disaster and brought Massachusetts' budget to a surplus as Governor. Romney 2012!
I don't have any problems with facts or events of history, in fact everything I just listed is PURE fact from the Treasury Department itself. Each of those numbers listed are based on what each President has spent in their OWN budgets.
Would you mind enlightening to some facts that stand in the way of what I am saying, that may prove me wrong?
Insanely, I'm ' all in '...in the market, how crazy is that? I dont know what else to do really, go to cash? ...And how will that hold its value..again like I said in the previous post, buy things that will hold value in the comming 'mailstorm' I guess. Boy scouts said it right...be prepared!
http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm
Yes, Obama was born in Communist USSR and he was groomed to be our President by the KBG. The plan is to take our country down from the inside. No one know his past. He needs to go before it is too late.
-----------------
Dan how do you sleep at night after spreading bold faced lies like this????
The debt on 10/1/2001, the first day of the first budget approved by Bush was about $5.8 trillion. On 9/30/2009, the last day of Bush's last budget the debt was $11.9 trillion. It went up $6.1 trillion for all of Bush's budgets.
The debt on 10/1/2009, the first day of the first budget of Obama was $11.9 trillion. The debt today is almost $15.6 trillion. It has gone up by $3.65 trillion under Obama budgets.
Of course, to be fair, we should adjust for extra spending that Obama did in his first nine months that was not in the last Bush budget. If we err on the side of overestimating we might assume that as much as $200 billion of the nearly $600 billion in stimulus expenses got spent between February 17, 2009 and September 30, 2009. So, let's increase Obama's spending up to $3.85 trillion.
Still we have Bush at $6.1 trillion and Obama at $3.85 trillion.
Source of data: http://www.treasurydirect.gov/NP/NPGateway
Bush's Deficits: $158 billion in 2002, $378 billion in 2003, $413
billion in 2004, $318 billion in 2005, $248 billion in 2006, $162
billion in 2007, and $410 billion in 2008.
Obama's deficits: $1.42 trillion in 2009, $1.56 trillion in 2010
$1.3 trillion 2011
bush = idiot
obama = super idiot
LOL!
OBAMA 2012 : )
Lucky for Obama (if he's re-elected) that Liberals will still be chanting "Bush's fault" for the next 5 years to continue to liberate him from any accountability.