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I think I want a waiver on this one too.Let him pay off the debt himself.

holly go lightly 2012/03/20 17:27:46
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March 19, 2012 6:55 PM

National Debt has increased more under Obama than under Bush
By
Mark Knoller
Topics
Campaign 2012

Chart - Deficit 2012
(Credit:
CBS)

(CBS News) The National Debt has now increased more during
President Obama's three years and two months in office than it did
during 8 years of the George W. Bush presidency.

The
Debt rose $4.899 trillion during the two terms of the Bush presidency.
It has now gone up $4.939 trillion since President Obama took office.

The
latest posting from the Bureau of Public Debt at the Treasury
Department shows the National Debt now stands at $15.566 trillion. It
was $10.626 trillion on President Bush's last day in office, which
coincided with President Obama's first day.

The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.

Mr.
Obama has been quick to blame his predecessor for the soaring Debt,
saying Mr. Bush paid for two wars and a Medicare prescription drug
program with borrowed funds.

The federal budget sent to
Congress last month by Mr. Obama, projects the National Debt will
continue to rise as far as the eye can see. The budget shows the Debt
hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9
trillion in 2022.

Federal budget records show the
National Debt once topped 121% of GDP at the end of World War II. The
Debt that year, 1946, was, by today's standards, a mere $270 billion
dollars.

Mr. Obama doesn't mention the National Debt
much, though he does want to be seen trying to reduce the annual budget
deficit, though it's topped a trillion dollars for four years now.

As
part of his "Win the Future" program, Mr. Obama called for "taking
responsibility for our deficits, by cutting wasteful, excessive spending
wherever we find it."

His latest budget projects a $1.3
trillion deficit this year declining to $901 billion in 2012, and then
annual deficits in the range of $500 billion to $700 billion in the 10
years to come.

If Mr. Obama wins re-election, and his
budget projections prove accurate, the National Debt will top $20
trillion in 2016, the final year of his second term. That would mean the
Debt increased by 87 percent, or $9.34 trillion, during his two terms.



final year term debt increased 87 percent 9 34 terms
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  • Steve ☮ R ☮ P ☮ 2012 ☮ 2012/03/21 01:04:58 (edited)
    This is what people do when they have no ideas and operate on ideology.
    Steve ☮ R ☮ P ☮ 2012 ☮
    +1
    To be fair, the first willful oversight in this thread is the fact that the national debt DOUBLED under Bush's 2 terms. But bringing that up just distracts from the partisan attack on Obama.

    And Obama certainly has been terrible for America. However, I promise you that if Romney, Santorum, or Gingrich beat him in November (won't happen, but I digress...) that the debt will continue to increase exponentially with them at the helm.

    Democrats will blame them, Republicans will blame Congress. And the game will continue until we're all in financial ruin.

    Stop pointing fingers and wake the hell up! Ron Paul has been warning about this for decades. Let the one guy who is serious about stopping the bleeding do the job you all know needs to be done.
  • holly g... Steve ☮... 2012/03/21 03:39:03
    holly go lightly
    +1
    Thanks Steve.We are just desperate for him.
  • Charles R. Anderson 2012/03/20 20:39:24
    This is what people do when they have no ideas and operate on ideology.
    Charles R. Anderson
    +1
    Yes, an ideology might be right. Unfortunately, Obama's socialist ideology is contrary to the nature of man and reality and has always failed historically as a result. The man is looney with his looney socialism. The USA is now as bad a socialist state as most of Europe is thanks to this very damaging man.

    For all the talk of socialists about sustainability, it is remarkable that they love a system of meddling government that is not ----- sustainable! We are taking on the high unemployment rates and slow growth of the failed socialists states already. This much talked about weak recovery is as false a recovery as was the one in 2010. I suspect it may even be more false. The mild winter here is making things look better than it really is and this is compounded by the overly generous seasonal corrections being made to the economic data.
  • holly g... Charles... 2012/03/20 23:33:18
    holly go lightly
    I think you are seeing it the way it is Charles.
  • Andy 2012/03/20 19:47:40
    This is what people do when they have no ideas and operate on ideology.
    Andy
    +1
    This is true... and Obama lies to the American people about HOW THINGS ARE TURNING AROUND!!!
  • holly g... Andy 2012/03/20 19:52:41
    holly go lightly
    +1
    And they believe him!!!!!!!! even though they have no gas ,job or home.They are willing to sacrifice for his lying ass.
  • belle 2012/03/20 17:53:44
    This is what people do when they have no ideas and operate on ideology.
    belle
    +2
    Gee even Buffet with all his money can't pay enough taxes to pay the debt off, Of course we know Buffet is all talk when it comes to paying taxes. Obama is all about spending money that isn't his. Remember he wants to spread your wealth, In today's high prices only a few people have wealth, mostly libs like Buffet, Gates, gore, Edwards and Kerry.
  • holly g... belle 2012/03/20 18:02:24
    holly go lightly
    +2
    Right. And We are running out of other peoples money pretty quick.
  • Rick4Ron - Paul☮2012 2012/03/20 17:46:13
    This is what people do when they have no ideas and operate on ideology.
    Rick4Ron - Paul☮2012
    +2
    All of you Obama, Romney, Santorum, Gingrich supporters, can count on passing 20 trillion dollars in debt! If your candidate is elected.

    Only one is independent from the establishment statist and will have the balls to take on the malfeasance rampant in federal government... And make the mandatory draconian cuts, to shrink our bloated bankrupting government, while we still can.

    Ron Paul 2012
  • NPC Rick4Ro... 2012/03/20 18:00:22
    NPC
    +1
    Why do you waste your time with this ? Paul has no chance ever.
  • holly g... NPC 2012/03/20 18:05:20
    holly go lightly
    +1
    He is the only one that can pull the rug out from under the little prince.Even if he doesnnot win,Americans will be wide awake and looking at our real problems.
  • Steve ☮... NPC 2012/03/21 01:08:18
    Steve ☮ R ☮ P ☮ 2012 ☮
    +1
    Keep believing that, just like the GOP does. You'll find out real soon how wrong you are.

    Not for nothing, but do you enjoy spreading your defeatist attitude?
  • NPC 2012/03/20 17:30:14
    This is what people do when they have no ideas and operate on ideology.
    NPC
    +1
    The facts are obviouse that Barack and the Liberals are a FAILURE.
  • holly g... NPC 2012/03/20 17:40:59
    holly go lightly
    +1
    Obviouse to some invisible to the rest.
  • NPC holly g... 2012/03/20 17:59:25
    NPC
    +1
    Rules do not apply to Democrats. Many Dims are awakening. The Hope Change and Unity did not work. The DNC campaign funds are not even close to Barry's collections in 2007 and 2008. I think we can see the collapse is coming. The State governemnts are now controlled by fiscal Conservatives in 34 States. Even CA, Illionois and NY are still bankrupt due to this man's insanity. NO balanced budget has passed yet. Can the GOP gather a consensus and bring the Right to vote for their candidate ? Hypnotized and Sheeple will vote for him again. The Independents and TEA party will be a factor not present in 2008. We will see.
  • holly g... NPC 2012/03/20 18:09:02
    holly go lightly
    +1
    Yes NCP,I'm afraid we will
  • NPC holly g... 2012/03/20 18:18:19 (edited)
    NPC
    Generally, all people hate admitting they made ONE BIG ASS MISTAKE. They may stand up to you even if they did. Persuasion is thin since many do not trust any of these candidates. Who can blame them ? OBlamer was not the smartest guy in the room. This guy sounds smart but is not smart. How can they admit the first black POTUS was a Failure ? He talked good but never produced results. He is fake and no unifier. If you lost your house, that is different. I think every person that went belly up in the past 3 years will vote for anybody but OFailure. A lot of Barack's voters have already decided to not vote for him on Economic issues solely.
  • holly g... NPC 2012/03/20 18:25:36
    holly go lightly
    What I don't get is why so many voted for him when he did not even sound half bright.He sounds just as stupid now as he did then.Sad thing is I think he could burn their houses to the ground,and they would still vote for him all over again.
  • holly g... NPC 2012/03/20 18:06:57
    holly go lightly
    Yes they are.But politicians started failing us long before 0 was elected.look at the people that put him in there,including the GOP.

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