Obama is going to rock Bush's world when his four years are up. 3.4 trillion and counting compared to Bush's 2.9.
US Conservatism=3 Fundamentalisms
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Obama is going to rock Bush's world when his four years are up. 3.4 trillion and counting compared to Bush's 2.9.
Almost half of our total debt racked up in 12 years, boy I hope they are proud of themselves.
Bush added 5 trillion, Obama has added 3.5 trillion so far.
Bush=5 trillion in 8 years= .625 trillion added per year........disgusting
Obama=3.5 trillion in 3 years= 1.17 trillion per year........totally irresponsible and revolting.
I think BOTH are bad, was just correcting the numbers to show how bad it is - they were low by 2.2 TRILLION!
You will get no argument from me. I think both of them are horrible. And most of congress, both D and R are just as bad.
A trillion here and a trillion there and pretty soon you're talking real money. Everett Dirksen (updated)
A free market has never existed in the history of our country - even in Colonial times taxes and politics manipulated it.
Bush added 2.9 trillion in public debt. Public debt is the only number that matters, the rest is "internal book keeping". Debt held by the public when Bush took office was around 3.4t, Bush raised that to 6.3t.
Obama took over at 6.3t and has since added 3.4t in two and a half years, blowing Bush's eight year monetary increase of 2.9t out of the water. The current amount is now 9.7t. If Obama wants to break George Bush's record of doubling the public debt (Bush didn't really double it, but he came close) he'll have to push it past 12.6 trillion. He's about 3 trillion away.
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Internal book keeping?
Each President is accountable for the entire amount increased during their presidency. It does not matter if it is interest, if they are inheriting expensive programs or wars, if it is Congress's fault, or any other excuse.
The buck stops there!
Each President is accountable for the entire amount increased during their presidency. It does not matter if it is interest, if they are inheriting expensive programs or wars, if it is Congress's fault, or any other excuse.
The buck stops there!