Posted on 11/01/2015 7:10:12 PM PST by amorphous
When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesnât like to talk about: He is the $20 trillion man.
Mr. Obamaâs spending agreement with Congress will suspend the nationâs debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.
(Excerpt) Read more at washingtontimes.com ...
It must be nice to run up America’s credit cards and then move before the bills start rolling in. What a scumbag.
On my wife’s Facebook, just the other day I saw some post about how the debt always increases with a Republican president, and decreases with a Democrat. Even something about how the Obama recovery is the best in xx years!?
Idiots
Lazy, ignorant, mouthy little man child who has never done a lick of work in his life spending other people's money like the Welfare recipient that he is?
Yeah, who would have thought that would turn out badly when the stupid half of the nation handed him the keys to the public treasury?
Before he won that Senate seat he couldn't even manage his own finances. He was deep in debt in his personal life back then.
If the Republican party was worth a D@mn it would have turned that into a nation wide campaign spot and run it on all networks for several weeks. The media can't spin it because it's the stupid, ignorant, lazy, man-child himself saying it.
But we don't have a party that's worth a d@mn. They don't want to offend when that is precisely what they should have been doing from the start.
They should have gotten up in his face and called him a pathetic little lying con-man who is lazy and stupid to boot. I think the little big mouth would have had a little child tantrum meltdown had he been treated in the manner he should have been.
Not nearly, he has doubled the debt. More so.
Between this and the climate treaty he is signing to give countries abilities to sue us in court is going to destroy our country. I always in jest said we were dying as a country, but I jest no more......we are cooked. One idiot President destroyed this incredible country.
It is both, but mainly him. Executive power is way out of whack.
Economic problems and tangled treaty alliances so far.
But every world war so far has been contrived for one reason or another. It is all about ushering in global government and control over the people of the world.
Here’s a graphic description of what $1 trillion looks like:
http://www.pagetutor.com/trillion/index.html
He has had plenty of help.
Exactly how is “your party” different from the “Rats”? I seem many more similarities than differences.
great graphic
great graphic
great graphic
When President Bush took office five years ago, the national debt was at $5.6 trillion; since then, big budget surpluses have collapsed into huge deficits, and the debt has shot up nearly 50 percent.
Few lawmakers, though, wish to be on record as authorizing more debt, the House goes so far as to hike the limit automatically. And Senate Democrats are telling their Republican counterparts not to expect any help from them, particularly in an election year.
https://research.stlouisfed.org/fred2/series/GFDEGDQ188S
http://www.statista.com/statistics/188105/annual-gdp-of-the-united-states-since-1990/
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