'Let's focus on the state of our debt’ - Title
Ok. Regan tripled the debt. W. Bush, doubled the
debt. Obama? Has done neither. Regan, raised the debt
ceiling x18 times. W. Bush, x7 times. Obama? x4
times. The constant attack against Obama is that the national debt
is the highest it's ever been. To be fair, if Obama added ONE dollar to the
debt it would still be the 'highest' national debt. By a dollar. Keep in mind, George W. Bush did not end his wars in Iraq or
Afghanistan. They were not even budgeted. So, that means the next President had
to add the wars to the budget. Which President was that? I think we are doing a lot better. **Budget Deficit To Drop Below
$1 Trillion in 2013: CBO - By ANDREW TAYLOR - AP - 02/05/13
'Obama wants to ease the cuts by replacing them with new tax revenue and
alternative cuts, but a clash is looming with Republicans who insist that last
month's tax increase on wealthier earners will be the last tax hike they
permit.' If my main motivation was to lower the debt.... why would I vote Republican?
Obama inherited a $1.4 TRILLION deficit and each year has slowly brought it it
down, some projections estimate that the 2013 deficit will be a little over
$800 BILLION. He has accomplished this despite every effort possible by the GOP
to make him a "one term president".If the Republican party
would quit pursuing their ideological attempts to dismantle the federal
government, and show some maturity, we could use their insight to make more
responsible budget cuts and work our way out of this mess!
The writer correctly said one thing.."eventually" the debt will... The
debt is not the most pressing issue now..Of course a long term deficit control
program is necessary..it always is, but the drastic cuts of a sequestration are
exactly the wrong thing to have happen. Thoughtful (meaning paid for) investment
in America is what is still needed now, not a manic fear of the debt. Yesterday a good friend of mine had the opportunity to hear the head
economists from one of the leading fortune 500 financial institutions talk about
the economy and there was not one word of debt and uncertainty. In fact it was
just the opposite. This person felt that the economy was in position to start a
major growth cycle.
The debt if the money supply, shrink it and go Japanese economy for ten years?
Barack has increased the debtmore thanall otherUS presidentscombined.Yes, that's a fact.Barack increased the debt himselfmore than the previous
presidents have done thepast several hundred years....combined.
The only thing more coddled, babied and favored by our government than small
business is big business. It is to the shame of America that we
allow select groups of our citizens to so aggrandize themselves that they can
claim the right to tell us all how we should live our lives. Small
business is just like big business, they have the exact same goals, methods,
morality, honesty and attitudes as big business. In truth these qualities are
also about the same in all people and all governments. The real
problem is that the special groups set themselves above the welfare of the
general population and with their vast resources they can control our government
to their advantage. Business is supposed to be a servant to the people,
existing to fill the needs and wants of society. Businessmen seem to feel that
business is a right granted them to make them rich, and serving the public is
merely a byproduct. Perhaps we should all be considered
businessmen, each having something to sell and exchange for the other things we
want. And each with all the rights, freedoms and privileges that goes along
ChrisB..Barack increased the debt more than any other President..so what? It
was done at 0% interest, saved the economy from a european debt fiasco, and has
us in rcovery mode.
Barack increased the debt himselfmore than the previous presidents
have done thepast several hundred years.... - Chris B
The United states of America.... is only 237 years old.
George Bush accumulated 4 trillion in debt over 8 years which included 9/11 and
the Iraq war. Barack Obama has accumulated 6 trillion in 4 years. Obama will hit
the 20 trillion mark after his second term is over according to budget
projections which would mean Obama would have accumulated 10 trillion of new
debt in 8 years compared to 4 trillion by Bush. That is 10 Trillion with a
capital T. (Our current debt sets at 16 trillion). so why worry
about debt? Obviously all the low information Obama voters could care less about
debt. What did debt do to Greece? What will 20 trillion of debt do to America?
To you as an individual? Is it worth worrying about? What will our massive debt
do to interest rates...yes the interest rates we all buy our homes and cars with
as well as run our small business's? These questions are NOT even being
mentioned by MSNBC, NBC, CBS, ABC, CNN let alone the White House. I will just
say each individual will have their life changed DRASTICALLY by 20 trillion in
debt ...for the worse!! So - is it worth worrying about??
Allowing the sequester to occur will significantly cut the deficit. Yet even
this letter writer concedes that doing so could cost 16,000 Utah jobs. So do you
want to cut the deficit or do you want to save jobs? Cutting the deficit right
now will kill job growth. Better a plan to bring it down gradually. In 2009 the deficit was over 10% of GDP. Last year it was 7%. This year is
projected at 5.5%, even without the sequester. Next year is projected to be
lower. We are moving in the right direction.
If the letter writer is so overly concerned with our national debt, I hope
he isn't a Republic and voted for Bush or Romney.Remember, Bush started 2 un-funded wars to the tune of over $2 Trillion, and
Romney wanted to give everyone a 20% tax reduction, and increase Military
spending.All while not closing a single tax-loop hole.Relax -
America chose the right guy (again), and America is finally on the road to
A contracting economy is not the same a as a recovery. Real recovery
includes job growth that outpaces those young adults entering the workplace. We
haven't had that for 5 years. There are more unemployed now than at any
time in our country's history.The recovery is all a fake, based
on borrowed money, which gets handed out without any productivity being required
in return. It is just like the housing bubble, only this time it is a government
bubble. This is why the president and his disciples are afraid to cut anything,
because they don't want it to burst on their watch. They want to stick it
to the next guy.
Here's an exercise for you patriot..Bush's last budget, the budget for
2009 was 1.4 trillion dollars. This included the wars and the economic
collapse. Now if Bush had had both of those circumstances for his whole 8 years
like Obama has had for his first 4 years what would have Bushs deficit been?
11.2 trillion..context matters.
@Chris B"Barack has increased the debtmore thanall
otherUS presidentscombined.Yes, that's a fact."No, that's false, he's only added about 5 trillion (1.4 1.2
1.2 1.1 trillion the four years) to a 16 trillion national debt. That's
closer to 1/3 and I had to round up. @VSTThe fiscal year
starts in October the previous year (i.e. 2009 is really Oct. 2008-Nov. 2009).
Bush left a structural deficit of about 1.1 trillion that fiscal year.
Obama's stimulus added another 300 billion (yes the stimulus was 700
billion but not all of it was that one year). So I'd say that year is not
entirely due to either Bush or Obama.