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<blockquote data-quote="moreluck" data-source="post: 902043" data-attributes="member: 1246"><p><strong>Re: Obamanomics</strong></p><p></p><p>I understand the blame, but what has O done to reverse it, curtail it, stall it, etc??</p><p></p><p>He only spends, and spends unwisely. He promised to look at waste....and he has looked at it and watches it as it continues. Gee, I wonder if that little shrimp is off the treadmill yet?</p><p></p><p>You can go back 10 presidents on the deficit crap, but where does it get us?</p><p></p><p>We have Dems saying there is nothing to the 15 T. deficit....it doesn't matter.......quote from Bob Beckel.</p><p></p><p>To put that into perspective, when President George W. Bush took office, our national debt was <a href="http://www.cbsnews.com/stories/2007/06/16/politics/main2939036.shtml" target="_blank"><span style="color: #3366cc">$5.768 trillion</span></a>. By the time Bush left office, it had nearly doubled, to $10.626 trillion. So Bush's record on deficit spending was not good at all: During his presidency, the national debt rose by an average of $607 billion a year. How does that compare to Obama? During Obama's presidency to date, the national debt has risen by an average of $1.723 trillion a year — or by a jaw-dropping $1.116 trillion more, per year, than it rose even under Bush.</p></blockquote><p></p>
[QUOTE="moreluck, post: 902043, member: 1246"] [b]Re: Obamanomics[/b] I understand the blame, but what has O done to reverse it, curtail it, stall it, etc?? He only spends, and spends unwisely. He promised to look at waste....and he has looked at it and watches it as it continues. Gee, I wonder if that little shrimp is off the treadmill yet? You can go back 10 presidents on the deficit crap, but where does it get us? We have Dems saying there is nothing to the 15 T. deficit....it doesn't matter.......quote from Bob Beckel. To put that into perspective, when President George W. Bush took office, our national debt was [URL="http://www.cbsnews.com/stories/2007/06/16/politics/main2939036.shtml"][COLOR=#3366cc]$5.768 trillion[/COLOR][/URL]. By the time Bush left office, it had nearly doubled, to $10.626 trillion. So Bush's record on deficit spending was not good at all: During his presidency, the national debt rose by an average of $607 billion a year. How does that compare to Obama? During Obama's presidency to date, the national debt has risen by an average of $1.723 trillion a year — or by a jaw-dropping $1.116 trillion more, per year, than it rose even under Bush. [/QUOTE]
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