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Title: Obama Budget Doubles National Debt to $26.3 Trillion in 10 Years
Source:
CNS News
URL Source: http://cnsnews.com/news/article/oba ... et-nearly-double-national-debt
Published: Feb 15, 2011
Author: Matt Cover
Post Date: 2011-02-15 16:40:25 by Happy Quanzaa
Keywords: None
Views: 12073
Comments: 19
(CNSNews.com) – If the federal budget released by President Barack Obama today is implemented, it will double the national debt over the next 10 years. The current national debt is $13.56 trillion (end of FY 2010). By the end of 2021, that debt would rise to $26.3 trillion under the White House budget. The figures reflect the effects of Obama’s fiscal year 2012 budget priorities, particularly a federal deficit that never falls below $500 billion in any year between 2010 and 2021. The national debt – both debt held by the public and debt held by “government accounts” (the Social Security trust fund chief among them) – was $13.56 trillion on Sept. 30. 2010, the end of fiscal year 2010. (The national debt today, Deb. 14, 2011, is $14.08 trillion.) In 2021, the national debt will have risen to $26.3 trillion, increasing by $1 trillion every year until 2021. Obama’s budget does not contain any plans for balancing the federal budget or reducing the national debt. (The national debt figures used by the Obama administration are on p. 203 of the budget, Table S-14, released today. )
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#1. To: Happy Quanzaa (#0)
So it won't be as bad as Reagan who tripled it in 8 years.
Since January 3, 2011, Republicans have controlled the power of the purse.
Debt as a percentage of GDP was never more than about 60% under Reagan. It's already 100% under the Kenyan and rising.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Since January 3, 2011, Republicans have controlled the power of the purse.
Nice graph. Now come up with one from a LEGIT source.
Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" Is there a reason you posted a graph proving what I posted? Admitting you are wrong?
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
How much did the debt rise as a percentage of GDP under Reagan?
Since January 3, 2011, Republicans have controlled the power of the purse.
Now come up with one from a LEGIT source. g065's attempt to change the subject to Reagan is an admission that he's lost the debate. It's a standard response for him.
How much did the debt rise as a percentage of GDP under Reagan? Is there some reason you aren't talking real numbers and changing the subject? Perhaps because Obama's debt increase is colossal compared to Reagans? Spinning and changing the subject to Ronald Reagain loses the argument for you.
Welcome to the site. I will check and make sure you have full posting privileges.
What I said was that it was never above about 60% which is correct, and is about what it was when Clinton left Office (with a GOP Congress). Your graph only proved that right. In fact it decreased under Bush until the Democrats took over Congress.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Since January 3, 2011, Republicans have controlled the power of the purse.
You might want to take another look at that chart.
Since January 3, 2011, Republicans have controlled the power of the purse.
From the peak in 2003, before the Bush tax cuts were fully implemented.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Yep. He bozoed me because I intentionally forced to him stay on subject. But occasionally, he still gets my messages. If nothing else, while HE avoids facts which contradict his preconceived opinions (on Socialist ass-hats think "There will be no more money when the U.S. dollar has no value, until that time we can keep printing more." And yes, that IS from LF's answer to Ben Bernanke, go65, leading disfunctional and delusional socialist of the forum. "You want me to kill THE ENEMIES of Jappos, I'll kill THE ENEMIES of Jappos, Rebs, or Sioux, or Cheyenne... For 500 bucks a month I'll kill whoever you want. But keep one thing in mind: I'd happily kill you for free." Algren, "The Last Samurai" Bush took office in 2001, not 2003. And he left office in 2009. Yes, I'm sure there was a thursday in January of 2004 when the debt stayed flat, but it is a consistent trait with you that you have to cherry pick data to try and make a point that falls apart when one looks at the entire data set. The Bush record is that Debt-to-GDP had fallen the year before he took office, rose steadily until 2007 and sky-rocketed after that. Now you can blame it all you want on the Democrats, but before you do that, go and look back at not only the start date for Medicare Part D, but how many spending bills Bush vetoed in his two terms.
Since January 3, 2011, Republicans have controlled the power of the purse.
To be greeted with a recession and 911. His economy took off in 2003.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
NBER dates the recession as going from March 2001 to November 2001. Quit making stuff up.
Since January 3, 2011, Republicans have controlled the power of the purse.
And you don't consider a full blown recession 90 days after he takes Office to be "greeted by one." November 2001 2 months after 911? Anybody can claim anything they want, but the economy was hardly in recovery at that point.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
How much did the debt rise as a percentage of GDP under Reagan? Is there some reason you aren't talking real numbers and changing the subject? Perhaps because Obama's debt increase is colossal compared to Reagans? Spinning and changing the subject to Ronald Reagain loses the argument for you. BO69 posted on 2011-02-16 7:37:42 ET Reply Trace Private Reply BBWWWAAAHHHAAA!!! Grasshopper say "You will find yourself immensely liked here".. you might be a retread and if so. you play a very good one at that...so welcome:) Grasshopper also say "did the insipid obamunist floorlicking shill actually respond to your post with this GO65 bitchslap of a name?"
Death to everybody who does not get outta my way. (decided to retire the beatdowns on old worthless retread posters that are bozoed)
If the federal budget released by President Barack Obama today is implemented, it will double the national debt over the next 10 years.
#2. To: go65 (#1)
#3. To: no gnu taxes (#2)
#4. To: go65 (#3)
#5. To: go65 (#3)
#6. To: no gnu taxes (#5)
Is there a reason you posted a graph proving what I posted?
#7. To: Capitalist Eric (#4)
Nice graph.
#8. To: go65 (#6)
(Edited)
#9. To: BO69 (#8)
#10. To: go65 (#6)
How much did the debt rise as a percentage of GDP under Reagan?
#11. To: no gnu taxes (#10)
How much did the debt rise as a percentage of GDP under Reagan?
#12. To: All (#11)
In fact it decreased under Bush until the Democrats took over Congress.
#13. To: go65 (#12)
In fact it decreased under Bush until the Democrats took over Congress.
#14. To: BO69 (#7)
(Edited)
g065's attempt to change the subject to Reagan is an admission that he's lost the debate. It's a standard response for him.
global warming "climate change", for example), I enjoy posting the facts which demonstrate he's a lying POS.
#15. To: no gnu taxes (#13)
From the peak in 2003, before the Bush tax cuts were fully implemented.
#16. To: go65 (#15)
Bush took office in 2001
#17. To: no gnu taxes (#16)
To be greeted with a recession and 911. His economy took off in 2003.
#18. To: go65 (#17)
(Edited)
March 2001
#19. To: BO69 (#8)
#8. To: go65 (#6) (Edited)
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