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

reply to post by poet1b

As usual, you don't let the facts get in the way of your opinions. See my post above.

Facts like 100 million Americans on food aid with 47% of Americans working part time, where 4 out of 5 Americans are near poverty with no prospects for work ?

Those facts ?

That all can't pay for those government programs which extends the national deficit.

reply to post by neo96

Well, then I guess you should thank Obama for shrinking the deficit, lowering unemployment, increasing the number of people pushed away from government insurance programs and into the private sector

Here is another fact when GWB took power the national deficit was $5.7 trillion that ended at $9.7 AFTER 2 terms EIGHT YEARS.

Obama took power in 2008 $9.7 trillion and is $16.9 trillion after 1 term after 4 years.


www.usdebtclock.org...

Debt clock time machine at the upper right pick your year in history.

Obama makes GWB look like a fiscal conservative.

And for the record this website is what people hit Bush over the head with for years suddenly it's not 'good' enough.

Originally posted by aoxomoxoa
reply to post by neo96

 

Well, then I guess you should thank Obama for shrinking the deficit, lowering unemployment, increasing the number of people pushed away from government insurance programs and into the private sector

Obama did all that, true. Too bad it was in Yemen.

Originally posted by aoxomoxoa
reply to post by neo96

 

Well, then I guess you should thank Obama for shrinking the deficit, lowering unemployment, increasing the number of people pushed away from government insurance programs and into the private sector

Really he lowered the deficit ?

If that was true WHICH IT IS NOT then why has the debt ceiling been raised numerous times.

See because if the deficit had been cut there is no reason to raise the debt ceiling.

There is also no reason to raise taxes on people either.

Taxes being raised, and debt ceiling increases tell everyone what they need to know Obama has not cut anything of course that doesn't stop some people from spinning he has.

Reality tells everyone the real picture.

And then there is the credit downgrades.

reply to post by neo96


good grief

debt and deficit are two different things. Yes, the deficit is decreasing under Obama

Treasury Direct - Difference between Debt and Deficit

One way to think about the debt is as accumulated deficits.

AARP What's the Difference Between Debt and Deficit

You can think of the total debt as accumulated deficits plus accumulated off-budget surpluses

I can't believe that there are some still looking at the world through the hope-ium haze. Fact is ... Obama is spending recklessly. Fact is ... most Americans are worse off now than before Obama.

Originally posted by neo96
Really he lowered the deficit ?
If that was true WHICH IT IS NOT then why has the debt ceiling been raised numerous times.

Exactly.

In 2006 Obama voted against raising the debt ceiling. Then when he wanted it raised as POTUS and people said 'no', he claimed it was partisan politics. To quote Bugs Bunny - What a maroon!

Obama Quote from 2006 on Raising the Debt Ceiling

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a Sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. ...Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here'. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and Grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Let his own words judge him. By his own words .. he has failed.

Originally posted by aoxomoxoa
reply to post by neo96

 

good grief

debt and deficit are two different things. Yes, the deficit is decreasing under Obama

Tell me about it someone willfully ignoring what I said in

This post

Specifically :

Just like all those people who are on government programs ALL of them are getting more out in benefits, that are paid in because the people who pay for those are working part time or have no bloody job to pay for those benefits that ALL CREATES DEFICITS.

Government spending that exceeds tax revenue collected creates BOTH debt and deficit Neither one has shrank but EXPANDED.

reply to post by FlyersFan


So you will ignore the fact that the deficit and unemployment are decreasing under Obama? That federal spending growth under Obama is the lowest in decades?

reply to post by neo96


That's a nice theory, but not true. The deficit is shrinking. Look it up

Gotta' respond once more to this ...

Originally posted by neo96
Really he lowered the deficit ?
If that was true WHICH IT IS NOT then why has the debt ceiling been raised numerous times.

USA Today

Just 17 months ago, Washington raised the nation's debt limit to $16.39 trillion, the largest debt ceiling level in our nation's history. But because this increase didn't include serious spending reductions, it didn't take long to reach this borrowing limit.

In the coming weeks, we will again reach the debt limit, and President Obama is once more asking Congress to raise it, no questions asked.

reply to post by aoxomoxoa


The Obama administration spent 1 trillion MORE than they took in.

Unemployment (adjusted) is 7.4%.

In actuality, it's more like 15%.

Keep spouting the lies!

Here's the real numbers that can't lie.

The GDP comparisons are window dressing.

L K

reply to post by FlyersFan


Flyers fan- you really need to understand that there is a difference vetween debt and deficit.

Beezzer- I'm certainly not saying that thr economy is in good shape. Just pointing out the FACT that unemployment and deficits are decreasing under Obama

Originally posted by aoxomoxoa
reply to post by neo96

 

That's a nice theory, but not true. The deficit is shrinking. Look it up

That ain't theory that is FACT.

Already been proven numerous times in this thread.

Originally posted by aoxomoxoa
reply to post by FlyersFan

 

Flyers fan- you really need to understand that there is a difference vetween debt and deficit.

Beezzer- I'm certainky not saying that thr economy is in good shape. Just pointing out the FACT that unemployment and deficits are decreasibg under Obama

How is spending 1 trillion MORE than what was budgeted, decreasing???

Originally posted by aoxomoxoa
reply to post by FlyersFan

 

So you will ignore the fact that the deficit and unemployment are decreasing under Obama? That federal spending growth under Obama is the lowest in decades?

Because people either stopped looking for work, were added to welfare programs,.or disability programs.( That all create debt and deficits) because there is not enough money to pay for things.

Yeah someone is IGNORING quite a bit of things in this thread.

reply to post by beezzer


Are you guys blind? Look at that chart- the deficit is decreasing! It's not even debatable

Originally posted by aoxomoxoa
reply to post by neo96

 

That's a nice theory, but not true. The deficit is shrinking. Look it up

Well OF COURSE it appears to be shrinking !!

How the hell much can they keep spending !!

They have over-spent like L Ns.

Eventually it has to stop somewhere (Laws of Physics DO apply)

Thank God that enough Republicans in Congress have at least attempted to get this under control