Reality check! lol
When Bush the big spender left, the tab was 10.7 TRILLION
In under 4 years later the tab for the children and grandkids is NOW 16 TRILLION, that's 5.3 TRILLION increase in under 4 years. That's over a trillion plus fn dollars per year increase in the debt.
Spend and spend then inflate and inflate.
College kids are graduating! WTG!! Oh but no jobs....sigh
Those graduating kid's parents are deeply in debt and may also lose their jobs, but the grand parents are doing ok..... they were the first to the trough.
It's a sad day for America when the president distorts the truth (lies) and tries to con the citizens of this onetime great nation with some Harvard BS math. Bottom line 16 TRILLION DOLLARS and climbing that the future generations will have to pay.
What i just recently been enlightened to is in stark contrast to what we have been hearing. The message of obama spending has been pounded to death and its completely 100% false. You may be confused as the truth is something we havent been hearing much of.
Harvard math??? The 16 trillion debt as your bottom line......well it has nothing to do with spending sprees. I wondered where the mix up came from and found that the manipulation has nothing to do with bad math. The debt isnt from added spending at all as we have been told. Thats not even close to the truth. The real issue was the cut in revenue. The recession had a huge effect on the cash flowing into the government. Then matters were made worse by tax cuts which amounted to another huge loss of income. Its obvious who fought for these tax cuts.....
Its kinda like this. Say your income was 6000 a month and your living expenses were 4000. Then you lost most of your income it went to 1000 a month but your expenses were still 4000. You had plenty of credit and tried to hold off loosing everything as long as you could hoping one day you would get your old salary back. This is sort of what happened in the US. The money flow was critically cut from the recession and on top of that huge tax cuts also doubled the pain. Obama did not spend us into this debt, what he did do was try to keep the US afloat with hopes we could get past the recession and get back off life support. But even before then when most working class people were struggling, the rich were given lavish tax cuts unlike ever before. They are still in place today.
If the bush Tax cuts hadnt ever been put in place our debt would only be a fraction of what it is now. the recession has taken income from the government causing debt, but the tax cuts only multiplied the debt. But instead of telling the truth they are saying obama was spending a web to debt. This couldn't be further from truth. We couldve been on our way out of this mess yrs ago. But the same ppl who point the finger at obama fight, as if it was for their life, to keep these tax cuts in place. How can this be????
up until today i was under the impression obama spending was at least very high, i assumed even record high. It appears i was snowballed and a fool to have ever listened to any such propaganda. The evidence is pretty clear and substantial, obama has not increased spending much at all. His so called spending increase was many times less than most every single modern day president. and a lot lower than both the bushes.