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Thread: National Debt Up $3 Trillion on Obama's Watch

  1. #121
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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by Goobieman View Post
    This is supposed to mean...what?
    Where was your outrage when Bush doubled the debt? How about some consistancy?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    Where was your outrage when Bush doubled the debt? How about some consistancy?
    I sure as hell was.

    and with both of them *some of hte increases and debt-climbing* is reasonable and understandable.
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    It has happened before, but there is nothing to compare it to now.
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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by USA-1 View Post
    Where was your outrage when Bush doubled the debt? How about some consistancy?
    What makes you thnk I wasn't critical of GWB's deficits?
    And, even if I was not, how does that invalidate criticism of The Obama?

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    Re: National Debt Up $3 Trillion on Obama's Watch

    In summation: Obama sucks and spends way way too much money AND Bush sucked and spent way way too much money.

    Both morons, both playing politics rather than leader.

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by SingleCellOrganism View Post
    In summation: Obama sucks and spends way way too much money AND Bush sucked and spent way way too much money.

    Both morons, both playing politics rather than leader.
    Exactly.....
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: National Debt Up $3 Trillion on Obama's Watch

    From the article:

    President Obama and Congress await recommendations on ways to reduce federal deficits from the National Commission on Fiscal Responsibility and Reform.

    The 18-member panel will report December 1st - after the midterm election.

    The Commission, chaired by Democrat Erskine Bowles and Republican Alan Simpson, was established by Mr. Obama to provide recommendations on how to "put the budget into primary balance, meaning that the federal government will pay for all of its programmatic obligations."


    Should be interesting. Looks like the first half of Obama's presidency was about enacting progressive policies, the second half will be about making the hard choices and reducing spending. Whether or not he can get Americans to buy into whatever that plan is -- and if the plan works -- will probably determine whether or not he will get a second term.

    The tone of the OP is annoying to me. The national debt is up 3 trillion dollars. Bush's debt was 5 trillion during his time in office. You're not going to win by taking one side or the other, because at the end of the day, you're an American and the massive overspending will eventually cripple your nation. If your house is on fire and you're sitting there saying "told you that old radiator was a hazard" instead of trying to put the fire out, you're not helping things any.
    A working class hero is something to be

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by Mustachio View Post
    From the article:

    President Obama and Congress await recommendations on ways to reduce federal deficits from the National Commission on Fiscal Responsibility and Reform.

    The 18-member panel will report December 1st - after the midterm election.

    The Commission, chaired by Democrat Erskine Bowles and Republican Alan Simpson, was established by Mr. Obama to provide recommendations on how to "put the budget into primary balance, meaning that the federal government will pay for all of its programmatic obligations."


    Should be interesting. Looks like the first half of Obama's presidency was about enacting progressive policies, the second half will be about making the hard choices and reducing spending. Whether or not he can get Americans to buy into whatever that plan is -- and if the plan works -- will probably determine whether or not he will get a second term.

    The tone of the OP is annoying to me. The national debt is up 3 trillion dollars. Bush's debt was 5 trillion during his time in office. You're not going to win by taking one side or the other, because at the end of the day, you're an American and the massive overspending will eventually cripple your nation. If your house is on fire and you're sitting there saying "told you that old radiator was a hazard" instead of trying to put the fire out, you're not helping things any.
    Bush took 8 years Obama has only been there 2 years. At this rate Obama will do more debt in 4 years than Bush did in 8 years fighting 2 wars.

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by ptif219 View Post
    Did you miss this

    The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.

    The Debt increased $4.9 trillion during President Bush's two terms. The Administration has projected the National Debt will soar in Mr. Obama's fourth year in office to nearly $16.5-trillion in 2012. That's more than 100 percent of the value of the nation's economy and $5.9-trillion above what it was his first day on the job.
    Bush's first year in office was Clinton's budget and Obama's first year in office is from Bush. Obama inherited the Bush tax cuts, the wars and Medicare part "D" which were all unfunded.


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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by pbrauer View Post
    Bush's first year in office was Clinton's budget and Obama's first year in office is from Bush. Obama inherited the Bush tax cuts, the wars and Medicare part "D" which were all unfunded.
    Obama did kind of inherit the recession, too.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: National Debt Up $3 Trillion on Obama's Watch

    Quote Originally Posted by pbrauer View Post
    Bush's first year in office was Clinton's budget and Obama's first year in office is from Bush. Obama inherited the Bush tax cuts, the wars and Medicare part "D" which were all unfunded.
    Make excuses all you want but Obama did bailouts and took over companies all by himself. Not to mention healthcare.How does what you say justify Obama increasing the debt twice as fast as Bush if he had Bush's same economy?

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