Obama set to increase the debt by as much as Clinton in just over ONE MONTH!
By Taskr36
@Taskr36 (13963)
United States
February 25, 2009 10:35pm CST
This is NOT an exaggeration. After exactly 8 years with Bill Clinton as president the national debt increased from $4.2 trillion to 5.7 trillion. That's pretty impressive since he did finish his term with a balanced budget in the final year.
Now we have Barrack Obama, who cost us $1 trillion in within weeks of his inauguration, and now is letting congress push another $410 billion dollars. This is scary as hell and those who brag about how Clinton managed the economy should take a good hard look at how Obama is doing exactly the opposite.
This should be an eye opener for all the democrats who thought we would go back to the Clinton days by electing Obama. Does it concern any of you to see him spending this way? He's more than tripled the highest budget deficit EVER which was set by Bush in 2008 at $455 billion, and as I said, he's just getting started.
It's not even March yet. How many more spending bills do you think he and the democrats in congress will push now that the second one has been passed by the house and republicans have been deemed irrelevant by the democrats in congress? Bush has a well earned record of fiscal irresponsibility and Obama is putting that record to shame right now.
1 person likes this
4 responses
@gewcew23 (8007)
• United States
26 Feb 09
But Obama said he was going to be fiscally responsible. Obama said that we could not just spend and pass the consequences onto the future generations. Are you telling me that Obama lied to America, how dare you.
What I am trying to understand is if government spending is a stimulus the economy under Bush should have been great and the economy under Clinton should have been horrible. The last Clinton budget was 1.9 trillion dollars yet the last Bush budget was 3.1 trillion an increase of 1.2 trillion dollars. The federal government is about to spend 3 trillion total to "fix" the economy. Obama has only been President for 38 days yet he has, like your wrote, added to the national debt over a trillion dollars, Bush never did that.
@Taskr36 (13963)
• United States
26 Feb 09
"Obama has only been President for 38 days yet he has, like your wrote, added to the national debt over a trillion dollars, Bush never did that."
That must be it! It's not that Bush spent too much, Obama must think he didn't spend ENOUGH! They better get the mint going so they can print more money. That's all we need to do. Print lots of worthless paper money and flood the market with it and everything will get better. It doesn't matter what he does. The democrats in congress are acting like children in a toy store and buying everything in sight. It's just a free for all of spending now which may not end until late 2010 early 2011 when Republicans have the majority in congress again.
@redyellowblackdog (10629)
• United States
26 Feb 09
Yes, and 0bama has the nerve to say the Republicans were irresponsible spenders so they have no right to be critical.
Yes, it was stupid when Republicans over spent. So, does that mean 0bama should do so, too?
As my parents use to say, "If everyone else went and jumped off a cliff, would you?".
Let's turn my parents question around. "Hey, 0bama, if the Republicans stupiditly ran huge deficits, would you?".
Oh, that 0bama. What a guy!
@Taskr36 (13963)
• United States
26 Feb 09
Well many seem to want Obama to be more like Bush. Every time I criticize him I hear "Well Bush did it too!" I mean, that's a pretty low standard to hold yourself to after saying how much they hated Bush.
FYI, It's official now, it's 1.75 trillion so he has officially exceeded 8 years of Clinton and more than quadrupled the record highest deficit set by Bush in 2008.
http://news.yahoo.com/s/ap/obama_budget
@Aingealicia (1905)
• United States
1 Mar 09
Taskr,
On this one I do have to agree with you. I also know that money he needed to get through was to help the bank with their TARP funding.
I am a bit nervous as to the damage not only the American people but the world.
Ainge
@tonniek02 (457)
• United States
27 Feb 09
What do you expect!! he spent more money in history to get there. He spent more money in history for his acceptance party. So I didn't expect he would cut back now. He's now has the power to spend as if he is printing 24/7.( OH WAIT...HE IS!! L.O.L) I just can't beleive how no one could read between the lines...before he got to where he is..
After all look at some of his nominees for his cabnets. Do you think if you didn't pay your taxes, you would get a free pass or even a government job? Well, you might if you did favor or you golfing bud has the power...
What happened to pride and self respect. And how can anyone possible trust whats going on...
The bank bail out...Let me ask you something? And really think about it...
The banks are going broke...Why?? they say riskie investments, right....Well, what has happened to all that FREE money they collect from there depositer on a daily bases (OVERDRAFT FEE for one) Banks charge anywhere from 25 on up for overdraft fees, right!!! Now if you have 5000 depositers and lets say half of them get an overdraft a month. Thats 2500 people getting hit with a overdraft monthly right. Well at $25.00 a overdraft that equils $62,500. A MONTH !!!. FREE money takin from trustworthy depositers. Now who is getting sc#@3d Were is that money going to. I bet no one has ever thought about that. And that would be figuring one bank. Now figure it for thousands.. So when does out government say enough is enough.
