Government

Obama ‘Beats’ Bush’s U.S. Debt Accumulation…in Less Than Half the Time

Obama U.S. Debt Outpaces Bush Debt in Less Than Half the TimeThe nation’s fiscal house is in utter shambles. For decades, the U.S. has accumulated deficits which have collectively added trillions to the total debt. Currently, the nation is $14.4 trillion in the hole — and the figure is growing.

With both sides of the political aisle debating ways to pare down the country’s mounting debt, it’s likely that the monumental $4 trillion that has already been incurred under President Barack Obama will raise some eyebrows. HotAir.com’s Ed Morrissey has more:

In 31 months of Barack Obama’s presidency, according to the Treasury and CBS News, the US has added $4 trillion to its national debt.  That approaches the presidential record set by George W. Bush of $4.9 trillion, but there’s a catch to that.  Bush set that record in two terms — in 96 months.

So, with only one-third of the time Bush spent running the nation, Obama has presided over nearly the same sum in debt acquisition. Considering the nation’s fiscal trajectory, this revelation will likely be a factor in both the 2012 campaign and the bi-partisan debt negotiations that precede it.

Morrissey points out that Bush added a monumental $51 billion per month to the nation’s debt during his presidency. But, Obama, with only 31 months in the White House, has presided over an average monthly rate of $129 billion (or 152 percent more than Bush’s debt acquisition).

Obama and the Democrats have blamed much of the debt on the wars in Afghanistan and Iraq, the Bush tax cuts, a prescription program for Senior Citizens and a variety of other issues (mostly associated with the president’s predecessor). CBS News has more:

[Obama blames] the recession, and its resulting decrease in tax revenue on businesses, for making fewer sales, and more employees being laid off. He says the recession also resulted in more government spending due to increased unemployment insurance payments, subsidies to farms and funding of infrastructure programs that were part of his stimulus program.

But, as Morrissey points out, the wars started early in Bush’s presidency as did the tax cuts that Democrats typically lament. If these were the root cause of the nation’s debt problems, conservatives then wonder: Why is debt expanding much more rapidly under Obama’s watch (i.e. wouldn’t Bush have had a high rate of debt expansion as well)?

Watch Obama discuss these issues during his bus tour earlier this month:

Some, though, believe that the CBS News piece (referenced above) that spawned this negative coverage of Obama’s associated debt is inaccurate, incomplete and unfair. TPM’s Brian Buetler writes:

It ignores key facts about the nature of government debt. For instance the nominal size of the debt isn’t important except as compared to the concurrent size of the economy — the debt-to-GDP ratio. Additionally, if growth of debt over time is what you’re interested in, then the key question is percent-growth, not nominal growth.

Buetler also mentions the fact that Bush inherited budget surpluses, while Obama did not. Still, he admits that the situation is grim.

Regardless of how one views the partisan handling of the nation’s fiscal drama, the need for reform and balanced books is inherent. It’s also important to remember that presidents make budget proposals, but that Congress does the real spending.

Presidents oversee the process, broker deals and attempt to guide the nation and her leaders along a path toward fiscal sustainability (that’s the intention, at least).

(h/t HotAir.com)

Comments (155)

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  • rfycom
    Posted on August 24, 2011 at 10:26am

    PEOPLE, join my crusade. Sign the contract with America to refuse any entitlements. This will solidify your/our commitment to create a smaller government. If you are constantly bad mouthing people who get entitlements. If you believe in your heart you will never be needy and have your hand out for medicare, medicaid, food stamps, and social security, than sign the damn contract. If you have one once of fortitude sign that damn paper. Otherwise shut the hell up.

    Report Post »  
    • HKS
      Posted on August 24, 2011 at 10:37am

      Strange how liberals just don’t get it, it’s not about the wrongness of the programs, it’s about creating the need for them in the first place. That part is self inflicted by politicians to create the needy constituency to prey upon and use for personal advancement and power. I think politicians call them useful idiots.

      Report Post » HKS  
    • rfycom
      Posted on August 24, 2011 at 10:50am

      All right HKS is going to sign up!!!!!!!!!!! We are on our way people. BTW, HKS I am not a liberal or a conservative. I am man. Actually I am a very good looking man. I provide happiness to all the woman who can’t get what they need from the liberals and the conservative. I am stud man. It‘s ok to laugh baby doll ain’t no body serious here

      Report Post »  
    • JRook
      Posted on August 24, 2011 at 10:52am

      This report is blatantly false. The 2009 deficit which is associated with Bush‘s final budget and his bank bailout is all Bush’s. So the $1.7 trillion deficit between Oct 1, 2008 and Sept 30, 2009 should be shifted from Obama to Bush. Paints a very different picture. Not to mention the go forward mess that Bush left Obama.

      Report Post »  
    • Grace1798
      Posted on August 24, 2011 at 11:02am

      If the Corrupt on both sides had not carelessly overspent taxpayer dollars, there would be no need to cut the SS programs for the elderly who paid into it all their working lives. This is totally unfair to those who paid into it for years and those who are NOW paying into it. SS is out of money because the CORRUPT leaders of this country dipped their filthy fingers into it and bankrupted it. THEY ROBBED THE TAXPAYER.
      I also believe that too much is given to welfare…..you’ve got kids who come from wealthy families getting food stamps while in college! When I was young if you were on welfare and could work, the unemployment agency and welfare agencies were knocking on your door after you to get a job, they hounded you which was smart. Not so today, but in defense of those out of work, Obama has made it easy for all who wish to be on welfare and also has extended the unemployment benefits which is robbing them from obtaining future employment because their skills have diminished from not working. Corporations have left USA and even now are leaving USA. Obama has given millions to this Company who makes Solar Panels and now they are taking their business to CHINA along with our taxpayer dollars. So IF our leaders were smart, they would encourage Corporations to thrive here in USA thus providing jobs and there would be no need for SS cuts to the elderly. But Obama wants the opposite just like his pastor and Socialist professors taught him to do.

      Report Post » Grace1798  
    • JDlny
      Posted on August 24, 2011 at 11:05am

      RFYCOM, I WILL sign your your contract, ONCE I GET ALL OF MY MONEY BACK. Once the government gives me EVERY PENNY I PAID into MY OWN Medicare & social security accounts (hell, I’ll even let them keep the interest), I WILL SIGN IT.
      RFYCOM, Can you get ALL OF MY MONEY back?! If you can’t, just eat your stupid contract and go away & stop being so defensive about being on entitlement programs!!

      Report Post »  
    • Jesus.H.Christ
      Posted on August 24, 2011 at 11:33am

      The wars were only put on the books when Obama got there, weren’t they?

      Report Post » Jesus.H.Christ  
    • abbygirl1994
      Posted on August 24, 2011 at 12:28pm

      HKS I can understand where you are coming from.. but tell us.. if you cut off all entitlements what will happen to the poor, the ones who cannot find jobs.. until this country is up and running again and jobs are out there, there are people who need help. Do we leave American citizens to starve, to live on the streets.. you want to see anarchy?? That is what will happen! Years ago, the Welfare System.. told white American’s that they had to look for work and you had to prove they were looking for work, to continue to get any welfare or food stamps etc..yet the same people saw the illegal and the generational welfare recipients never having to do that! You had to be disabled to recieve all the entitlements. Welfare can be a good thing to give people a hand up, it should be temporary and people should be required to look for work and prove that they are looking for work. Illegals should not recieve anything only the elderly or the disabled should recieve full entitlements. Would you deny the old the extra food stamps they need to eat, the mentally disabled, the physically disabled?? The Welfare system can work.. but requirements are needed. For those who are capable to work.. why not find jobs they can perform, like helping with the upkeep of our city streets, our parks etc etc.. they can recieve their food stamps or welfare check but still are required to work to recieve these benefits. We can take care of our own. But illegals should recieve nothing!

      Report Post » abbygirl1994  
    • jkendal
      Posted on August 24, 2011 at 12:45pm

      “If you believe in your heart you will never be needy and have your hand out for medicare, medicaid, food stamps, and social security, than sign the damn contract. If you have one once of fortitude sign that damn paper. Otherwise shut the hell up.”

      Your presupposition is severely flawed. Of course people are going to need help from time to time. However, every single program you list is run by the government – why does government always have to be the one to provide help to those who need it? The private sector has proven millions of times that it can do a MUCH better job of doing everything better whereas the government wastes up to 75% of what it takes from taxpayers. What is SO wrong with letting the private sector help people when they need it INSTEAD OF THE GOVERNMENT??? We’re sick and tired of the government taking (and wasting) our money for things it doesn’t even have the CONSTITUTIONAL AUTHORITY to do!!!

      Report Post »  
    • Stuck_in_CA
      Posted on August 24, 2011 at 12:47pm

      Hamas-linked group eats up your taxes
      The line between mosque and state continues to blur under the Obama administration.

      What happened to the foundational principle of separation of religion and state? Do we not even so much as pretend anymore? The White House’s official website Aug. 10 posted a story entitled “Islamic Relief USA Starts Its First Summer Food Service Program,” boasting that the U.S. Department of Agriculture is now helping this Islamic group get its program started. What kind of help is the USDA giving to Jewish and Christian charitable groups? Islamic Relief USA has ties to Hamas. How many other groups with ties to terror organizations are working with the USDA? And why is the United States government subjugating itself in this way? ….

      http://www.wnd.com/index.php?fa=PAGE.view&pageId=337001

      Report Post » Stuck_in_CA  
    • HKS
      Posted on August 24, 2011 at 12:50pm

      Abby, As long as government is using people as pawns on their plantation there will be no jobs to look for. It was planned that way twenty years ago when the ball really started rolling and everything done since has been to accelerate it. Regulations, laws, red-tape, taxes, anti-business environment to drive the jobs offshore and it has worked as planed. This is not an accident, it’ s by design. A plan is being followed and the people are falling for it keeping that snowball rolling. At some point it will stop, that ‘s not an option, the real question will be “what now” . That is what has people fighting this have and have not battle. Programs and more programs without taking the jobs back is only hastening that end. The strong will survive and the rest will not, “which are we”.

      Report Post » HKS  
    • HKS
      Posted on August 24, 2011 at 1:00pm

      Stuck in ca, I might add that Obama is also rebuilding mosques all over the world, especially in Egypt and I would again ask, “what happened to church and state” the cry’s that the left like to use. Or, maybe it could be that Muslim is not a religion but a government? I guess that could make more sense on a state level. How do you feel about supporting that state?

      Report Post » HKS  
    • darkrage000
      Posted on August 24, 2011 at 2:05pm

      JRook
      Posted on August 24, 2011 at 10:52am

      This report is blatantly false. The 2009 deficit which is associated with Bush‘s final budget and his bank bailout is all Bush’s. So the $1.7 trillion deficit between Oct 1, 2008 and Sept 30, 2009 should be shifted from Obama to Bush. Paints a very different picture. Not to mention the go forward mess that Bush left Obama.

      ~~~~~~~~~~~~~~~~~~~~
      Bush may have set up the bailout, but it was OBAMA that signed it, against all advice from anyone who knows anything.
      Every president is left with a mess in many forms; it is how they DEAL with the mess that defines what their presidency is about.

      In Obama’s case, it was giving money to his friends ad spending our economy into oblivion
      In Obama’s case, it was giving total disrespect to our allies and bowing before dictators and our enemies
      In Obama’s case, it was ‘revenue increase’ (known to the rest of the world and taxes)
      In Obama’s case, it was talking about cutting back and tightening our belts while he spends and spends and…
      In Obama’s case, it was going on vacation and golfing every other day
      In Obama’s case, it was buying 4 million in busses from Canada for a three day trip to nowhere
      In Obama’s case, it was spending 250,000 gallons of jet fuel to fly across the country to plant a tree on Earth Day
      In Obama’s case, it was creating total Chaos in the middle east where we once had stability
      In Obama’s case, it was deciding that ‘I Say, You Do’ was the

      Report Post »  
    • INOGAWD
      Posted on August 24, 2011 at 2:11pm

      @ JRook
      Posted on August 24, 2011 at 10:52am
      This report is blatantly false. The 2009 deficit which is associated with Bush‘s final budget and his bank bailout is all Bush’s.

      And YOU, SIR !! like everyone else, never mention Speaker Pelosi and Harry Reid
      were in CHARGE of Congress and the Purse Strings from 2007 to 2011 with NO
      Budget for the last 2 years..You people are soooo full of BULLSHI** makes me sick..
      NO ONE ever mentiones THE BITC** of the 110th and 111th CONGRESS….

      http://www.cnsnews.com/news/article/111th-congress-added-more-debt-first-100

      Report Post » INOGAWD  
    • Ed Savage
      Posted on August 24, 2011 at 2:50pm

      What I resent is everyone calling something I was forced to take part in (Social Security and Medicare) an entitlement. It is my money they took to put into a ponzi scheme.

      I recently started getting Social Security, but I would have been happy to just get my money back. Not even interest – just the money I and my employers put in.

      Not against people in real need getting aid from these programs – as long as they are legal citizens of this country.

      Report Post »  
    • Ryan Beaulieu
      Posted on August 24, 2011 at 4:30pm

      Glad I voted for that whole “Hope and Change” thing..

      Won’t be getting my vote in 2012.

      Report Post »  
    • RabidPatriot
      Posted on August 24, 2011 at 6:23pm

      Follow the link on the bottom. It is a short campaign speech by Senator Obama calling Bush unpatriotic for raising the debt to 4 trillion dollars.

      http://www.youtube.com/watch?v=zUPZJDBJI84

      Report Post » RabidPatriot  
    • tifosa
      Posted on August 24, 2011 at 6:48pm

      President Barack Obama created more jobs in 2010 than Bush did in his entire presidency http://www.politifact.com/truth-o-meter/statements/2010/oct/25/nancy-pelosi/nancy-pelosi-says-more-private-sector-jobs-created/

      Report Post » tifosa  
    • Spock
      Posted on August 24, 2011 at 6:54pm

      RFYCOM, that hopey-changy thing turned out to be like a heavy turd, sunk to the bottom of the commode ready to be flushed.

      Report Post »  
    • FIREDUDE
      Posted on August 24, 2011 at 8:23pm

      JESUS h Christ???

      YOU R A COMPLETE DUMBA$$!!!!!

      Your ***** (half that is) was going to stop all the wars and BRING THEM BOYS HOME???? REMEMBER???

      I WILL CLOSE GITMO I WILL BRING THE BOYS HOME??????

      STILL HAVE GITMO STILL HAVE IRAQ, STILL HAVE AFGHANISTAN, STILL HAVE LIBIYA,,,, OH WAIT LIBIYA??????????????

      THAT DAMN BUSH IT IS ALL HIS FAULT!!!!!

      UUUUUU RRRRRR AAAAAAAA DDDDDDDUUUUUUUMMMMMMBBBBBBBAAAAAAAAA$$$$$$$$$$$$$$, I WANTED TO SAY IT SLOW SO YOU WOULD BE ABLE TO READ IT!!!!!!!

      Report Post »  
    • Flash287
      Posted on August 24, 2011 at 8:39pm

      How did poor people mange before the gov social programs? Answer: Private Charity. Oh how humliating! Peopal would know I am on charity. Good! Ben Franklin said in his wisdom “The best way to end poverty is to make it unconformable.”.

      Now you shut up. The runaway entitlements has destroyed this once great country.

      Report Post » Flash287  
    • Charlesjr
      Posted on August 25, 2011 at 1:54am

      “Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.”Winston Churchill

      Report Post » Charlesjr  
    • weeblewacker1
      Posted on August 25, 2011 at 11:26am

      what a bunch of b.s. ya,of course it looks like obama numbers are higher,he did what bush would not do,he added in the cost of 2 wars that bush started,and the unfunded prescription drug bill,once more,just half-truths and b.s.

      Report Post »  
    • johnannegalt
      Posted on August 26, 2011 at 11:17am

      Obama is hopefully going to be ousted by the wise Tea Party that has noticed his damage waaaay ahead of time, and even warned him.. — http://markamerica.com/2011/08/06/downgraded-america-we-warned-them/

      “The real problem, at present, is that the general economy is now fully in free-fall, pushed over the edge by Obama’s endless “spreading around” of wealth just as he told Joe the Plumber he would. The meme of the day has been that much of the slide was due to outlooks in Europe, but the truth is that we’re the biggest player, and as we go, so the Europeans will go, and our slide will merely serve to accelerate theirs. Whatever they may claim, all you need know is that the Budget Control Act signed by Obama is the catalyst to this slide, and the broader slide we’re witnessing globally.” — http://markamerica.com/2011/08/05/blow-back-how-obamanomics-is-wrecking-the-country/

      Report Post » johnannegalt  
    • Bluebonnet
      Posted on August 26, 2011 at 7:27pm

      Hey, Obama! If you have a problem with Bush overspending, why don’t you cut the prescription program? You have spent as much as Bush spent in 8 years on your stupid little programs and to your friends. How about that?
      You can’t buy your way to prosperity, so why not cut out the give-away-programs and lets cut useless Bills and move on to bring this government to a balanced budget?
      Then, tell your little wifie to stop spending $10million on vacations. Yeah, it really doesn’t seem like much to you, but to most of us it’s a lifetime of income. Get with it man, stop the spending.
      A writer of the French Renaissance said it best about smart or dumb people:

      “I prefer the company of peasants because they have not been educated sufficiently to reason incorrectly.” (Montaigne) You and your Harvard gang are kinda stupid is what I heard.

      Report Post »  
  • santramir
    Posted on August 24, 2011 at 10:26am

    it is because the division between protestant christians and catholic christians that americans lifes are being drowned in debt and coroporate slavery. the only christian cathoclic president ever was assasinated because of his christian catholic perspective of money ruling was intended to eliminate the jewish manipulation of the americans lifes throughout the jewish talmudic and sionist federal reserve bank that is neither federal nor reserve but a exclusive elite owned priviledge of indebting every single soul on the surface of planet earth. don’t trust the messenger trust the message see it yoursel ….. http://www.silverbearcafe.com/private/JFK.html …… and …. http://www.realzionistnews.com/?p=15

    Report Post » santramir  
    • WeDontNeedNoStinkingBadges
      Posted on August 24, 2011 at 4:36pm

      See that picture of Bush and Obama … together? REMEMBER THAT. They are the same and have the same plans for the new world order overthrow of America. To quote Glenn Beck:

      “Now, look, it started with Bush, and Obama. Obama’s putting his foot on the pedal and doing it even more. At least 4.4 trillion dollars was added to the 10 year spending baseline in the last 31 months. 4.4 trillion! When Bush left office in January 2009, the national debt was 10.6 trillion. Under Obama in the first 20 months, the debt is currently 13.4 trillion dollars. And they keep turning a blind eye to all of our problems.”

      So, next time you think you feel an earthquake, better hope Ripley just nuked DC from orbit. ;)

      Report Post » WeDontNeedNoStinkingBadges  
  • Gonzo
    Posted on August 24, 2011 at 10:17am

    Hey! He’s finally succeeded at something. Congratulations Barry.

    Report Post » Gonzo  
    • rfycom
      Posted on August 24, 2011 at 10:52am

      God you sound sexy Gonzo

      Report Post »  
    • INOGAWD
      Posted on August 24, 2011 at 2:28pm

      @ rfycom
      Posted on August 24, 2011 at 10:52am
      God you sound sexy Gonzo
      Hey, ******** !! sounds like YOU belong on the Huff-Po site..
      They will slurp up your CRAP….

      Report Post » INOGAWD  
  • santramir
    Posted on August 24, 2011 at 10:17am

    the Federal Reserve is neither federal nor reserve. instead of federal is private and instead of reserve is a hole of perpetual debt. a wolf in sheep skin. oh america’s ignorance how deep and wide it is rooted . . . http://www.realzionistnews.com/?p=15

    Report Post » santramir  
  • santramir
    Posted on August 24, 2011 at 10:14am

    oh america’s ignorance, how deep and wide it is rooted !! …. http://www.realzionistnews.com/?p=15

    Report Post » santramir  
    • cessna152
      Posted on August 24, 2011 at 10:18am

      These dopes will lie and slander until the country is in piles of rubble….there are dopes that will believe these lies even as their communities burn to the ground. We are at a crossroads people and freedom is almost lost forever. Are we going to give up freedom this easily?

      Report Post » cessna152  
  • Airgun
    Posted on August 24, 2011 at 10:12am

    The economy showed consistent strong growth until the dem takeover of Congress in ‘07.
    With the ascension of Nancy Pelosi and Harry Reid to the top of the govt.food chain came an absolute explosion of spending and unrealistic social engineering legislation which brought the economy to it’s knees.
    The raising of the minimum wage started unemployment growth from day one, leading to the tidal wave of illegal migration from the south and snatching entry level jobs from high school students and unskilled workers alike.
    Coupled with former President GWB’s progressive domestic programs and the hijacking of the war effort by the opportunistic progressive leftists in Congress it should be no surprise to any thinking adult that we are heading towards the destruction of our republic at a staggering pace.
    The idea that the Tea party‘s ideological stance is what’s driving the country down is ludicrous at best, yet it seems the powers that be in academia, media and govt. (who are victims of the “Do Something” disease) are determined to keep piling on more and more of the same irresponsible and feel good policy making that punctuated the second half of the Bush presidency.
    (And some of the first half as well.)
    The disease is progressivism; the cure is tough love.
    You can’t run a country using the smallest common denominator as your yardstick, and Americans- no matter their political/religious/social persuasion, had better start taking care of themselves without govt.in

    Report Post » Airgun  
    • JRook
      Posted on August 24, 2011 at 11:52am

      @Airgun Like our national disgrace Rush, you do a fairly good job at laying out the problem, but a very weak one in terms of the cause. The minimum wage does not cause US employers to hire illegal aliens, their greed does. They have a choice and they prefer to exploit cheap illegal aliens, pay them off the books and provide no benefits. They pay no payroll taxes and provide no benefits. The result is a drag on the rest of us. Your reference to the state of the economy does not correlate with timing or facts. Bush did an adequate job through war spending and tax reductions to put the federal budget on a failure course. Wall St. did the rest beginning in 2007 to torpedo the economy with their mortgage scam. The result was a dramatic decrease in economic activity and thus tax revenues. Bush left a $1.7 trillion debt for fiscal year ending 09/30/2008, by way of his bank bailout and of course he was running almost a $ 1 trillion debt before that. Obama’s first budget would begin 10/1/2008. Let’s talk about embedded spending on wars and real increases in discretionary spending compared to the unnecessary wars.

      Report Post »  
    • Blackhawk1
      Posted on August 24, 2011 at 4:30pm

      JRook

      Where do you liberals come up with these lies? “Bush left a $1.7 trillion debt for fiscal year ending 09/30/2008,” I believe that was the last budget that the Democrat controlled congress passed. So why hasn’t the Democrat controlled Senate passed a budget in over 800 days? Better face the facts that Obama will outspend Bush in under half the time and that will seal the Democrats fate in 2012. Let’s see Bush spent about 1.6 Billion a week compared to Obama’s 4.5 Billion a week. The people are tired of it. Say goodbye to all the freebies because when Obama gets the boot in 2012 so will all his liberal policies, starting with Obamacare. You liberals will be sitting there with your hand out and all you’ll get is a sunburned palm.

      Report Post » Blackhawk1  
  • tifosa
    Posted on August 24, 2011 at 10:10am

    Gotta LOVE that Morrissey takes info from the misleading CBS (“Lamestream media”) report :^)

    Report Post » tifosa  
  • adastra2005
    Posted on August 24, 2011 at 10:07am

    Bush DID NOT inherit a surplus. First, the “surplus” he supposedly inherited were projections. The projections didn’t take into account the fact that a recession had already begun. Second, Clinton’s “surpluses” were accounting gimmicks. He accomplished this by borrowing money from benefit trust accounts. If he would have sold Treasury bonds to get his “surpluses”, it would have been considered deficit. But, by borrowing from benefit trust accounts it is considered income and not counted as “deficit”. An accounting trick. Either way one does it, the nation’s debt went up . . . which it did in all the years Clinton ran a “surplus”.

    Report Post »  
    • Grace1798
      Posted on August 24, 2011 at 10:28am

      I voted for Bush twice, but he took after his father in the second term. He overspent and never vetoed a thing from the dems…….so you can figure he gave in to the dems pretty often and they ran the show.
      I don’t think those who were given everything from birth know anything about money or economy or even foreign affairs. They do not have a clue….we need someone who has really lived like the rest of us. Bush’s mistake was giving in to the dems and the rino republicans.

      Report Post » Grace1798  
  • Lotus503
    Posted on August 24, 2011 at 10:04am

    Here’s a great article today on WorldNetDaily…

    Obama a ‘living and breathing nightmare’
    ‘Leading the American empire – and rest of the world with it – into a dark abyss’

    http://www.wnd.com/?pageId=337173

    Report Post »  
  • Hula Calhoun
    Posted on August 24, 2011 at 10:00am

    Let’s be fair, folks. We know all of Obama’s problems are the result of back luck! [sarc off}

    Report Post » Hula Calhoun  
  • hifi74
    Posted on August 24, 2011 at 9:59am

    Revelation? We’ve been saying it was going to happen since he took office. We’ve been calling it for 3 years now. He’s an irresponsible petulant child, nothing more.

    Report Post » hifi74  
  • scoter
    Posted on August 24, 2011 at 9:58am

    Obama is a nightmare from Hell

    Report Post » scoter  
  • meritocracy
    Posted on August 24, 2011 at 9:57am

    $4 Trillion over 10 years is a Pathetic Number.

    Report Post » meritocracy  
    • RA0725
      Posted on August 24, 2011 at 10:39am

      $2 Trillion of that is from 2007 through 2009, care of Pelosi and Reid. That’s a fact.

      Report Post »  
    • True_American_2008
      Posted on August 24, 2011 at 10:53am

      RAO725,

      And, most of that was to bail Goldman-Sachs out. Fun how all those G-S folks who went into the federal government would not bail out Lehman Brothers, letting it go belly up. Once G-S was threatened, it was the economy would collapse if the feds did not step in.

      Now, look where we are at?

      Report Post » True_American_2008  
  • ginger100
    Posted on August 24, 2011 at 9:57am

    OK, so what is the President going to do about it?

    Report Post » ginger100  
    • Roberto G. Vasquez
      Posted on August 24, 2011 at 10:01am

      The age-old Demo solution = TAX & SPEND, TAX & SPEND. TAX & SPEND!!!!

      Report Post »  
    • buckster6.0
      Posted on August 24, 2011 at 10:20am

      I think they know he’s only got one term and thats why the mad dash to get all there plan that they can get done in the short time they have.The stunt with illegal immiration?I really hope people get out and change somones mind before 2012.even if it’s just one vote it helps.

      Report Post »  
    • cessna152
      Posted on August 24, 2011 at 10:21am

      What is he going to do about it? Do you rehire the plumber that screwed up your plumbing? Do you continue to go back to the Doctor that prescribes you poison? No… government is not the answer. We need government to get out of the way…to shrink and regulate MUCH, MUCH less. That will resolve the problem.

      Report Post » cessna152  
    • JLGunner
      Posted on August 24, 2011 at 10:40am

      @ roberto the new term is “raising Revenue” and “reinvest” I cant wait to hear the idiot’s job plan“outline” when he gets back from vacation. By the way, I havn’t had a vacation in years and work three jobs.

      Report Post » JLGunner  
  • scoter
    Posted on August 24, 2011 at 9:57am

    Obama is a nightmare from hell.

    Report Post » scoter  
  • Grace1798
    Posted on August 24, 2011 at 9:49am

    3 million spent every MINUTE FOLKS! DO THE MATH!

    Report Post » Grace1798  
  • Grace1798
    Posted on August 24, 2011 at 9:48am

    That was and IS the Plan folks! This is why Obama and his followers are so happy.

    Report Post » Grace1798  
    • Snowleopard {gallery of cat folks}
      Posted on August 24, 2011 at 9:57am

      Indeed, nudge and shove; pressure from bottom up, top down, inside out until the whole thing up and collapses into the new society of a nightmare utopia they want…with them as the rulers for the rest of the night we will never awaken from.

      Report Post » Snowleopard {gallery of cat folks}  
    • buckster6.0
      Posted on August 24, 2011 at 9:58am

      I cant stand to look at this fool.talk about a black mark on the history of the U.S.He make’s Carter look like Albert Einstien.Him and Joe Biteme could not be a better mach.

      Report Post »  
    • jhaydeng
      Posted on August 24, 2011 at 10:01am

      Another Nobel Peace Prize! Yippy!

      Report Post »  
    • qpwillie
      Posted on August 24, 2011 at 10:17am

      Grace1798,
      And the economy, as bad as it is, is only a symptom of the real disease.

      Report Post » qpwillie  
    • Anonymous T. Irrelevant
      Posted on August 24, 2011 at 11:01am

      @buckster6.0
      Oh no, you said Obama was a black mark on history. You are racist!! ThomasDaddy will be on you, calling you ignorant and that you don’t understand. /sarc off

      Report Post » Anonymous T. Irrelevant  
  • cntrlfrk
    Posted on August 24, 2011 at 9:48am

    ‘

    Obama and the rest of the cast of idiots are doing everything within their power to drag us back to the Great Depression, with exorbitant interest rates and horrendous progressive tax rates and massive inflation.

    Gird ‘em if you got ’em.

    .

    Report Post » cntrlfrk  
  • Want our country back
    Posted on August 24, 2011 at 9:47am

    NOT MY FAULT – IT‘S BUSHIT’S FAULT:

    New national debt data: It’s growing about $3 million a minute, even during his vacation
    Updated numbers for the national debt are just out: It’s now $14,639,000,000,000.
    When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000.
    That means the debt that our federal government owes a whole lot of somebodies including China has increased $4,247,000,000,000 in just 945 days. That’s the fastest increase under any president ever.
    Or last week’s three-day Midwestern tour in the president’s new $1.1 million Death Star bus? National debt went up $16,988,000,000 while he rode around speaking and buying ice cream cones.
    ABC News’ Luis Martinez (@LMartinezABC) reports: The cost of U.S. military intervention in Libya has cost American taxpayers an estimated $896 million through July 31, the Pentagon said today.
    The U.S. has also promised $25 million in non-lethal aid to the Libyan Transitional National Council, half of which the Defense Department has already on MRE’s (military lingo for Meals, Ready to Eat).

    Report Post » Want our country back  
    • mikem1969
      Posted on August 24, 2011 at 9:50am

      They will blame it on Bush, because as liberals and progressives go, none of them can take responsibility for anything they do.

      Report Post »  
    • riverdog1
      Posted on August 24, 2011 at 10:46am

      its bush’s budget until sept 09. he ran up the debt with a rep house and senate (majority) he started TARP and handed obama two wars that he ran like retarded pony. all the banks were about to fail when obama took the reins. bush and the republicans ran this country almost to total failure. obama saved it and it took a lot of money just like reagan did. facts people,

      Report Post »  
    • liberal_equals_liar
      Posted on August 24, 2011 at 4:24pm

      Bush and the Republicans did run up debt, and I am no fan of their action on the ecomony, but the country did not start to fail until the Democrats took over Congress in 2007. That is when the deficits started to get really big – under Pelosi. The Republicans actually tried to prevent the mortgage failure with Freddie and Fannie, but the Democrats blocked it. RIVERDOG1, the real facts are opposite of how you tried to present them.

      Nice try, liar.

      Report Post »  
  • biohazard23
    Posted on August 24, 2011 at 9:45am

    Spend it like you stole it!! Oh, wait…….

    Report Post » biohazard23  
  • cntrlfrk
    Posted on August 24, 2011 at 9:44am

    ‘

    This is what Change looks like.

    .

    Report Post » cntrlfrk  
  • Longpond
    Posted on August 24, 2011 at 9:44am

    And for 4.9 trillion, Bush gave us a neutralized Iraq and Afganistan, 6%ish unemployment. 4 trillion of Obama debt has given us record joblessness, terrorist resurgence (anyone notice the IRA is back in buseness), and the Taliban is setting up to take back Afganistan. I like the Bush spending better, although i favor the “stop spending more than you have” plan the best.

    Report Post »  
  • Ironmaan
    Posted on August 24, 2011 at 9:42am

    This is a travesty! He is stealing our savings by devaluing any dollars we have saved and he is going to create a generation of wage slaves as retirement will be impossible and everyone will work till they drop.
    http://guerillatics.com

    Report Post »  
  • Obama Snake Oil Co
    Posted on August 24, 2011 at 9:36am

    Spend it like its your last and final term in office….it really shows…

    Report Post » Obama Snake Oil Co  
  • Cobra Blue
    Posted on August 24, 2011 at 9:34am

    This is not news. What is really news is just how BIG the debt is going to be when he is finished. These guys are just getting started…Or haven’t you noticed. DEBT MAN WALKING.

    Report Post »  
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