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It’s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama’s 1st Term

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posted on Aug, 24 2013 @ 02:02 PM
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The old saying remains true, "You can't make a silk purse out of a pig's ear.

Obama inherited from GW a completely wrecked economy, and massive government deficit spending.

There is only so much that Obama could be expected to do.

The level of denial on the part of the people conned by the scam of the free market is hard to believe.




posted on Aug, 24 2013 @ 02:09 PM
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reply to post by poet1b
 



Obama inherited from GW a completely wrecked economy, and massive government deficit spending.

There is only so much that Obama could be expected to do.


Some of us understand that there is only so much that Obama can do, but does he have to lie and mislead people into thinking he's made more progress than he really has? No!

Once again, you set yourself up for failure when you mentioned "massive government spending" as being only "inherited". You might want to ask yourself, since Obama claims to have wound down two wars, why are spending levels not going down faster too? Those two expensive wars didn't keep Bush from bringing down his annual deficits between 2004 - 2007 by 62%.







edit on 24-8-2013 by Deetermined because: (no reason given)



posted on Aug, 24 2013 @ 02:40 PM
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reply to post by poet1b
 


Again, that chart is a meaningless comparison.

We are talking about the total of all the apples that have fallen from the tree.

********************
Total Dollars Added to the National Debt


Bush 1st 4 years = $819,834,000,000 [ $0.820 Trillion ]

Bush 2nd 4 years = $1,185,781,000,000 [ $1.86 Trillion ]

Bush Total 8 years = $2,005,615,000,000 [ $2.006 Trillion ]


Obama 4 years = $5,092,755,000,000 [ $5.093 Trillion ]
******************

Real Numbers don't lie.





 
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