National Debt Up $3 Trillion on Obama's Watch - Political Hotsheet - CBS NewsNational Debt Up $3 Trillion on Obama's Watch
New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office.
The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.
The Debt increased $4.9 trillion during President Bush's two terms. The Administration has projected the National Debt will soar in Mr. Obama's fourth year in office to nearly $16.5-trillion in 2012. That's more than 100 percent of the value of the nation's economy and $5.9-trillion above what it was his first day on the job.
National Debt Up $3 Trillion on Obama's Watch - Political Hotsheet - CBS News
Let the excuses begin!
Really - at what point will liberals hold The Obama responsible for this?
Let the excuses begin!Much of debt is Bush's fault. Huge tax breaks, two wars, Medicare Part "D" to name a few.
So, we need to raise taxes significantly because cutting spending would be too hard?Ya spending has gone out of control, all thanks to Obama, Bush, and Congress in all those years. Now if we could swallow that fact we'd realize that some kind of taxation is going to have be added or created to eventually solve this problem unless we want to rapidly and radically redesign the gov't which I believe would have huge social ratifications and would be more damaging in the long run and not to mention much harder to pull off. And its a "solution" that no one has really explored.
So, we need to raise taxes significantly because cutting spending would be too hard?
The spending is why we are here. Cutting it is the only way to chnage things.
Much of debt is Bush's fault. Huge tax breaks, two wars, Medicare Part "D" to name a few.
Let the excuses begin!
Much of debt is Bush's fault. Huge tax breaks, two wars, Medicare Part "D" to name a few.
When are you going to admit that those thing I mentioned are part of Obama's debt?
When does Obama start taking responsibility and stop blaming Bush
When are you going to admit that those thing I mentioned are part of Obama's debt?
When Bush defenders admit that Bush was to blame for the economic mess you are in and that he doubled the US debt.
Also if we follow the down the road set down by conservatives in other threads on this subject but regarding Bush and Clinton, then Obama can only be blamed for any debt since October 2009, not since he took office. He took over a Bush budget.
A very small part now. Obama keeps growing the government and adding to the deficit and blaming Bush. After 2 years it is on Obama. He has failed to fix it and he can no longer blame Bush for the incompetence of the Obama administration
When are you going to admit that those thing I mentioned are part of Obama's debt?
What has President Obama added that matches what I listed for Bush?
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