Obama On National Debt
- Thread starter pspr
- Start date
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Quote from Ricter:
Most of the $6 trillion was added by non-discretionary, counter-cyclical expenditures on the debits side, and a "non-discretionary" fall in revenue on the credits side.
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Ricter, then the progams the Democrats are refusing to touch are doubling the debt every 8 years!!!! You do understand this will bankrupt the U.S. in just a decade or so? Unless you are lying to us and Obama spent all this money.
Quote from Ricter:
Most of the $6 trillion was added by non-discretionary, counter-cyclical expenditures on the debits side, and a "non-discretionary" fall in revenue on the credits side.
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Ricter, then the progams the Democrats are refusing to touch are doubling the debt every 8 years!!!! You do understand this will bankrupt the U.S. in just a decade or so? Unless you are lying to us and Obama spent all this money.
You folks always forget to mention that Obama came into office with a trillion dollar + deficit, 2 wars,worst economy since the great depression ,Bushes expanded gov, expanded medicare etc
Most of Obamas addition to the national debt is from paying the bills Bush left
Its not like Obama came into office with a balanced budget and turned it into a trillion dollar deficit and 5 trillion in debt,but another President did that
Read Tsing,I said most
Obama didn't start the wars,tax cuts,medicare expansion,all the new government agencies that needs funding (homeland security,TSA etc ).Those are Bushs bills that Obama is paying for