[RealJustme]

George Washington must of been thinking of our current Administration when he wrote that. Obama has maxed out the Government's credit cards so now he's writing bad checks only concerned for the moment. Young Americans will spend their lives working to pay back the debts while having to accept less than their parents and suffer more hardships.

Obama has insured the standard of living for working Americans has been lowered for several generation to come. Many are already saying enough already, to hell with working, just give me the welfare, section eight housing, food stamps and Obama phone.

[BilboBagend]

I thought we weren't blaming GWB any more. You know the guy who started with a huge surplus. The largest in all of history. Then created the largest debt in all of history.

I am surprised at you, justupid.

[RealJustme]

You know the guy who started with a huge surplus. The largest in all of history. Then created the largest debt in all of history.

Surplus when Bush took over? How can that be when Clinton left office with a 5.7 trillion debt? According to U.S. Treasury figures at Debt to the Penny, on January 20, 1993, as Bill Clinton took office, the total outstanding public debt was $4.1 trillion. Debt increased under Clinton. On January 19, 2001, that same figure had increased to $5.7 trillion. Clinton's last budget proposal for FY2001, which ended in September 2001, generated a $133.29 billion deficit. The growing deficits started in the year of the last Clinton budget, not in the first year of the Bush administration.

Keep in mind that President Bush took office in January 2001 and his first budget took effect October 1, 2001 for the year ending September 30, 2002 (FY2002). So the $133.29 billion deficit in the year ending September 2001 was Clinton's.

Fact is Obama has created more debt than all other President combined. We would be so lucky to go back to debt levels when Bush left office.

[BilboBagend]

As you already know justupid, surplus in the spending vs deficit in the budget. Yes, we were paring down the debt at the greatest rate ever rather than GWB's increasing the debt at the greatest rate ever.

[RealJustme]

Yes, we were paring down the debt at the greatest rate ever rather than GWB's increasing the debt at the greatest rate ever.

Until Obama came along and showed how increasing debt is really done.

Numbers show the national debt increased by more than $7 trillion since Obama took office.


It's the largest increase to date under any U.S. president. During the eight-year presidency of George W. Bush, the debt increased only $4.9 trillion.


Without fanfare, the Bureau of Public Debt at the Treasury Department quietly posted its daily debt report showing the total public debt of the U.S. government topped $16.687 trillion. (To be exact: $16,687,289,180,215.37)


On January 20, 2009, the day Mr. Obama took office, the debt stood at $10.626 trillion. The latest posting reflects an increase of over $6 trillion.

A Senate Budget Committee analysis of President Barack Obama’s newly released budget says the plan would generate $8.2 trillion in new debt, increasing total U.S. debt to $25.4 trillion.

[elklindo69]

Lassez Faire conservative unregulated market economic policies tanked the economy. Now republicans want to deregulate and go back to the shit hole, again...