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Reagan tripled the debt, GWB doubled it.
U.S. national debt now stands over $16.9T. That means $17T is easily in sight. President Obama already is responsible for more debt than any preceding POTUS. At this rate he'll be responsible, on 20 January 2017, for more debt than all previous Presidents combined. How long can this go on? Do you think he'll break $20T before he's done?
Not according to the latest CBO projection's. Quite a bit of debt under Obama? Yes. But not more than the rest combined.U.S. national debt now stands over $16.9T. That means $17T is easily in sight. President Obama already is responsible for more debt than any preceding POTUS. At this rate he'll be responsible, on 20 January 2017, for more debt than all previous Presidents combined.
This again? It's everyone's fault, Jack. Now will we ever get out of it or will we just keep on blaming each other?
Not according to the latest CBO projection's. Quite a bit of debt under Obama? Yes. But not more than the rest combined.
CBO | Budget Projections
Are you saying '80s dollars are the same as today's dollars?He's already the all time leader. If he hits $20T then he'll surpass the combined total of all the others.:mrgreen:
Are you saying '80s dollars are the same as today's dollars?
First of all, that's false as well. When Obama came into office, our debt was roughly $10.6 trillion, so the debt would have to hit roughly $21.2 trillion to surpass the combined total of others.He's already the all time leader. If he hits $20T then he'll surpass the combined total of all the others.:mrgreen:
It's not everyone's fault.
If only this $17 trillion was the extent of the US debt - the hidden debt, those obligations the US government has that are not included, make getting your house in order seem virtually impossible.
Six of Obama's last eight years will have a budget started by a House that increased Defense with back-home and unnecessary priorities that undermine those of the Joint Chiefs.
Good evening, CJ. :2wave:
I checked the US debt clock just now, and our unfunded debt currently stands at $124 plus trillion! and ticking merrily away! Yes, it is virtually impossible to imagine such an amount, let alone pay same.
Just to keep things in perspective, what is an unfunded debt? Is a future mortgage payment unfunded because you might have no ability to pay the balance immediately?
Only a question to think about...
In your example, $17 trillion seems like such a small amount to owe, doesn't it? It's fortunate that math is not my strong suit, or I'd probably be stressed over those numbers. :lamo:
I know. It's not a valid comparison.
First of all, that's false as well. When Obama came into office, our debt was roughly $10.6 trillion, so the debt would have to hit roughly $21.2 trillion to surpass the combined total of others.
Second of all, we're currently not projected to hit that mark until 2019, which would be long after Obama left office.
Again...a lot of debt occurring while Obama is President? Yes. But don't get too excited just yet, because the way things stand now, you're likely to be disappointed.
And you know this thread is about blame not solve. Your response says that. So did your House's response to a responsible plan from Sen. Coburn in July of 2011, just before the Republican TEAparty House downgrade.
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