Trillion national debt...Obama doubled it in less tha 7 years!! $20 Trillion national debt...Obama doubled it in less tha 7 years!! - Talk of The Villages Florida

$20 Trillion national debt...Obama doubled it in less tha 7 years!!

 
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  #1  
Old 11-02-2015, 10:16 AM
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Default $20 Trillion national debt...Obama doubled it in less tha 7 years!!

Not much of an article but at least a reminder to some keeping track of all the great things Obama has done or my preferred list of more significance....what he has not done.

Obama presidency to end with $20 trillion national debt - Washington Times

Maybe we can find a case study that defines how the additional $10 billion was spent.

Given the reductions and emasculation of the military branches, no space program, USA infrastructure collapsing around us, cyber attacks on the increase, just to name a few.....makes one wonder where the money is being spent.

We know that $35 billion goes to foreign aide and for that we get _ _ ? _ _.
  #2  
Old 11-02-2015, 10:32 AM
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For those who choose to spend the time and understand here is a site that does a decent job of explaining:

https://www.nationalpriorities.org/c...FUqRHwodw74JXw

Check out the other tabs offering information about the financial workings.

Hopefully others will have additional resources to help us become more or better informed.

NB: This information is presented as party neutral. Not looking for the typical blame game or excuses. It just so happens the national debt will more than double under Obama....statement of fact. Let us see if we can understand why and how and what it means.
  #3  
Old 11-02-2015, 10:50 AM
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This Washington Times article is why you can't trust any reporting service, TV or newspaper. Figures lie, and liars figure. When you start counting debt increase from day one on Obama's presidency, you have no interest in reporting the truth. The very real question is what did President Obama do in his first 27 days of presidency that caused as debt increase of 789 billion dollars? Second question, what was the condition of the economy, when he took office?

Unless you take into consideration these two items, you are not being honest tagging all the debt increase on his policies. Has Obama's policies increased national debt? Of course, they have, but not to the extent he is being charged with. The following are dates and amounts of the debt increases
September 29, 2007 9,815 +850 Pub.L. 110–91
June 5, 2008 10,615 +800 Pub.L. 110–289
October 3, 2008 11,315[31] +700 Pub.L. 110–343
February 17, 2009 12,104[32] +789 Pub.L. 111–5
December 24, 2009 12,394 +290 Pub.L. 111–123
February 12, 2010 14,294 +1,900 Pub

It appears that 2,989 trillion (14,294-11,315) was a result of the great recession.
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Old 11-02-2015, 11:37 AM
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Originally Posted by Guest View Post
This Washington Times article is why you can't trust any reporting service, TV or newspaper. Figures lie, and liars figure. When you start counting debt increase from day one on Obama's presidency, you have no interest in reporting the truth. The very real question is what did President Obama do in his first 27 days of presidency that caused as debt increase of 789 billion dollars? Second question, what was the condition of the economy, when he took office?

Unless you take into consideration these two items, you are not being honest tagging all the debt increase on his policies. Has Obama's policies increased national debt? Of course, they have, but not to the extent he is being charged with. The following are dates and amounts of the debt increases
September 29, 2007 9,815 +850 Pub.L. 110–91
June 5, 2008 10,615 +800 Pub.L. 110–289
October 3, 2008 11,315[31] +700 Pub.L. 110–343
February 17, 2009 12,104[32] +789 Pub.L. 111–5
December 24, 2009 12,394 +290 Pub.L. 111–123
February 12, 2010 14,294 +1,900 Pub

It appears that 2,989 trillion (14,294-11,315) was a result of the great recession.
When Obama took office the national debt was $10 trillion, and when he leaves it is expected to be $20 trillion. Spin it any way that you like, that is a $10 trillion increase.
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Old 11-02-2015, 01:13 PM
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When Obama took office the national debt was $10 trillion, and when he leaves it is expected to be $20 trillion. Spin it any way that you like, that is a $10 trillion increase.
Iff'n you don't like it, just don't vote for him again.

You might say you isn't going to vote for Hillary either but that is fine cause she going to win easily without your vote.

You can moan all you want about those who gets the free stuff but add all those people up and they will be voting for Hillary. Your vote has been cancelled out and the state goes to Hillary.
  #6  
Old 11-02-2015, 01:29 PM
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Iff'n you don't like it, just don't vote for him again.

You might say you isn't going to vote for Hillary either but that is fine cause she going to win easily without your vote.

You can moan all you want about those who gets the free stuff but add all those people up and they will be voting for Hillary. Your vote has been cancelled out and the state goes to Hillary.
Well, maybe Hilary will win, but she will be serving from behind bars. Wonder how much the White House will fetch if we rent it out. Gore was renting out the Lincoln room. Maybe we can ask him what the going rate is.
  #7  
Old 11-02-2015, 01:35 PM
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When Obama took office the national debt was $10 trillion, and when he leaves it is expected to be $20 trillion. Spin it any way that you like, that is a $10 trillion increase.
I'm spinning it. Try answering the two questions that I asked. No, the spin is placing responsibility for all the debt increase on him, and you wonder why normal people don't trust the far right Republicans. This is why. The only thing that they can do is play the blame game! The devil is in the details, so they just ignore the details.
  #8  
Old 11-02-2015, 01:44 PM
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I'm spinning it. Try answering the two questions that I asked. No, the spin is placing responsibility for all the debt increase on him, and you wonder why normal people don't trust the far right Republicans. This is why. The only thing that they can do is play the blame game! The devil is in the details, so they just ignore the details.
  #9  
Old 11-02-2015, 01:44 PM
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When Obama took office the national debt was $10 trillion, and when he leaves it is expected to be $20 trillion. Spin it any way that you like, that is a $10 trillion increase.
But he cut/decreased the deficit!!!

Gotta love it when they talk about decreasing the deficit like that is a great thing. Balancing the budget would be better, but that won't ever happen in our lifetime again. Too many folks will panic and riot in the streets if they don't get their Obama phones and two years of unemployment benefits. And how about that health care? Free for everyone. We want everyone to live to be 100 so that they can take advantage of that great Social Security. What? No more Social Security? Raise the age to 80 and maybe we can stretch it out a bit. At least until I croak.

Yep, Obama brags about decreasing the deficit. What a dud! So, he decreased the amount of money that was spent that was more than the money coming in. So, that means we still have to borrow money, but not as much as first imagined. Whoopity - dooo! We're saved. Get back to me when you have more revenues coming in than being spent. Then tell me when you start paying down the national debt. Because you can't pay down on the national debt when you still have a deficit.

Don't get me wrong, I do realize that NO president since Eisenhower has paid down on the national debt. But, Obama felt he had to make history and double down on the national debt, all in his two terms. He has made history. He will go down in the books as the president that spent more than any other president in history. His answer is to blame Bush, like Obama got drafted for the presidency of something. Hey, after all we did have the "great recession" ha, ha. Of course, we have had recessions before, and depressions. Too bad he couldn't learn from them and get us back up and running as fast as the previous presidents that had to deal with recessions and depressions.

Hey, let's elect Hilary. She wants to give everybody a free lunch too. That means the economy will stay stagnant for another term or two. Hopefully, we won't become a third world socialist/communist country in that time.

Some folks have their head so far in the sand that they don't understand what socialism will mean to America. One good thing, if that, is that no one will be sneaking across our borders. Wonder if we will be able to get foreign aid from Russia.
  #10  
Old 11-02-2015, 02:49 PM
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I'm spinning it. Try answering the two questions that I asked. No, the spin is placing responsibility for all the debt increase on him, and you wonder why normal people don't trust the far right Republicans. This is why. The only thing that they can do is play the blame game! The devil is in the details, so they just ignore the details.
Is this statement a joke? All I've ever heard Obama do is blame someone. When has he EVER taken responsibility for ANYTHING? Oh, and I stand by my previous post. The $10 trillion being added to the debt during his "reign" belongs to him -- He owns it. It will be his legacy and only accomplishment.
  #11  
Old 11-02-2015, 03:13 PM
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Iff'n you don't like it, just don't vote for him again.

You might say you isn't going to vote for Hillary either but that is fine cause she going to win easily without your vote.

You can moan all you want about those who gets the free stuff but add all those people up and they will be voting for Hillary. Your vote has been cancelled out and the state goes to Hillary.
Ah yes the complete absence of addressing the subject of the post to only pull the string in the neck to deliver a canned message.....vote democrat no matter what....change the subject no matter what....cannot contribute because they do not know the subject matter and are not allowed to deviate from the agenda.

The subject was not presented as a partisan issue.....more information was provided to help understand how it works. Then understand, then try to get something done to change it.

We acknowledge some here are only equipped/capable of conducting partisan pi$$ing contests! They are the ones with the yellow shoes!
  #12  
Old 11-02-2015, 06:49 PM
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Is this statement a joke? All I've ever heard Obama do is blame someone. When has he EVER taken responsibility for ANYTHING? Oh, and I stand by my previous post. The $10 trillion being added to the debt during his "reign" belongs to him -- He owns it. It will be his legacy and only accomplishment.

Is this statement a joke? No, you are a joke. Answer the two questions that I asked. 27 days into his presidency the national debt went up. 769 billion dollars,. What did Obama do during those 27 days that increase the debt that much?
  #13  
Old 11-02-2015, 07:12 PM
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But he cut/decreased the deficit!!!

Gotta love it when they talk about decreasing the deficit like that is a great thing. Balancing the budget would be better, but that won't ever happen in our lifetime again. Too many folks will panic and riot in the streets if they don't get their Obama phones and two years of unemployment benefits. And how about that health care? Free for everyone. We want everyone to live to be 100 so that they can take advantage of that great Social Security. What? No more Social Security? Raise the age to 80 and maybe we can stretch it out a bit. At least until I croak.

Yep, Obama brags about decreasing the deficit. What a dud! So, he decreased the amount of money that was spent that was more than the money coming in. So, that means we still have to borrow money, but not as much as first imagined. Whoopity - dooo! We're saved. Get back to me when you have more revenues coming in than being spent. Then tell me when you start paying down the national debt. Because you can't pay down on the national debt when you still have a deficit.

Don't get me wrong, I do realize that NO president since Eisenhower has paid down on the national debt. But, Obama felt he had to make history and double down on the national debt, all in his two terms. He has made history. He will go down in the books as the president that spent more than any other president in history. His answer is to blame Bush, like Obama got drafted for the presidency of something. Hey, after all we did have the "great recession" ha, ha. Of course, we have had recessions before, and depressions. Too bad he couldn't learn from them and get us back up and running as fast as the previous presidents that had to deal with recessions and depressions.

Hey, let's elect Hilary. She wants to give everybody a free lunch too. That means the economy will stay stagnant for another term or two. Hopefully, we won't become a third world socialist/communist country in that time.

Some folks have their head so far in the sand that they don't understand what socialism will mean to America. One good thing, if that, is that no one will be sneaking across our borders. Wonder if we will be able to get foreign aid from Russia.
The assumption that you are making is that all recession are the same. The makeup of the economy now isn't the same as it was in the 70's and 80's. Production jobs have left the US in great numbers. Automation has taken away jobs also. Demand for products is different. The depth of the recession wasn't the same as it was in the past. You are not comparing apples and apples. what worked before doesn't work now.

Reagan walked into the presidency during a recession, and didn't do a damn thing in his first two years to correct it. The recession corrected itself. Any company that was flirting with bankruptcy went out of business during these two years.

World War II got us out of the Great Depression. You have full employment in times of war.

This talk about the US becoming a socialist country is total nonsense. We have social programs now, that doesn't mean we a socialist country. With all the lobbyists representing big business in Washington, how in the name of God's creation will the US become a socialist country? Socialism sounds like a swear word so the Republican politicians will keep throwing it out there to scare the uninformed public.

If you can't dazzle with brilliance, baffle them with bull$hit.
  #14  
Old 11-03-2015, 05:06 AM
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The assumption that you are making is that all recession are the same. The makeup of the economy now isn't the same as it was in the 70's and 80's. Production jobs have left the US in great numbers. Automation has taken away jobs also. Demand for products is different. The depth of the recession wasn't the same as it was in the past. You are not comparing apples and apples. what worked before doesn't work now.

Reagan walked into the presidency during a recession, and didn't do a damn thing in his first two years to correct it. The recession corrected itself. Any company that was flirting with bankruptcy went out of business during these two years.

World War II got us out of the Great Depression. You have full employment in times of war.

This talk about the US becoming a socialist country is total nonsense. We have social programs now, that doesn't mean we a socialist country. With all the lobbyists representing big business in Washington, how in the name of God's creation will the US become a socialist country? Socialism sounds like a swear word so the Republican politicians will keep throwing it out there to scare the uninformed public.

If you can't dazzle with brilliance, baffle them with bull$hit.
Nice try at "baffling" them.

"Socialism" IS a swear word. Maybe you don't remember that America has fought wars against socialism/communism. It is a REAL threat to America, only now the war is on the inside. The word Socialism in America is synonymous with the word "lazy." Where else would you have stupid, ignorant people protesting the rich for being rich? You may not be "uninformed" or ignorant, but you sure are naive if you don't realize the socialist threat in America. While the Democrats embrace socialism, I will continue to support those that fight it, and still embrace capitalism. You see, I have no problem with the rich getting richer. Because that is why our supposed poverty level families live like middle class in other countries, socialist countries. The rich get richer and the lower level classes live better. The gov doesn't improve one's lifestyle. It only makes slaves of the lower class.
  #15  
Old 11-03-2015, 09:30 AM
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Nice try at "baffling" them.

"Socialism" IS a swear word. Maybe you don't remember that America has fought wars against socialism/communism. It is a REAL threat to America, only now the war is on the inside. The word Socialism in America is synonymous with the word "lazy." Where else would you have stupid, ignorant people protesting the rich for being rich? You may not be "uninformed" or ignorant, but you sure are naive if you don't realize the socialist threat in America. While the Democrats embrace socialism, I will continue to support those that fight it, and still embrace capitalism. You see, I have no problem with the rich getting richer. Because that is why our supposed poverty level families live like middle class in other countries, socialist countries. The rich get richer and the lower level classes live better. The gov doesn't improve one's lifestyle. It only makes slaves of the lower class.
One thing for sure, you can't baffle close minded individuals. There was nothing in my post that you referred to that should be considered baffling.

Social security is a socialist program. Under your definition of socialism, we are lazy. I don't think that I am lazy. How about you, are you lazy? Tagging all people with the lazy tag, because of a few to justify a warped view is something that you have to expect from the lazy politicians, who only want to criticize, condemn, and complain, and never offer an alternative to anything. If they do offer an alternative, it is one they know their opponent will never accept. You can add mean to the lazy in describing these politicians.

The USA will never become a socialist country. What ever happened to the socialist/communist countries that we fought wars against? Germany, and Japan seem to be doing just fine now. We fought the Korean War against China. Now, what is our capitalist country doing, sending millions of jobs there. Sounds like big business isn't worried about socialism/communism. We have socialist programs, but we aren't anywhere close to a socialist country, given the truth definition of "socialism".

The economy is the major item people want to address in the next presidential election. It is the middle class that is yelling the loudest. We do have a better life style than countries in Europe with more socialist programs than ours. However, our lifestyle has been slipping, since the 70's. Trickle down nonsense doesn't work. Tax cuts that favor the upper class makes the national debt worse for no good reason. Flat tax is a simple fix for simple minded people.

You throw the word "slaves" out there to demean people. Why don't you use something more acceptable like "welfare moms"?
 

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