Obama not responsible for national debt

Ellen you need to be intellectually honest, let us examine more closely the huge debt mess that Bush left for Obama to clean up.
1960-2007 average (pre-Obama): 36.2%.
1960-2000 average (pre-Bush): 36.2%
2001-2007 average (Bush, pre-recession): 36.0%
Well what do you know? Bush's average level of debt was a hair below average, at least up until the beginning of this recent recession. At the end of 2007 it stood at 36.8% of GDP, pretty much where it had been for the previous several decades. If you want to get really picky, Bush inherited a debt of 35.1% of GDP from Bill Clinton in 2000, and left Obama a debt of 40.8% of GDP in 2008 (per the CBO). There you have it -- the smoking gun! An extra 5.7% of GDP in federal debt held by the public. But most of that came in 2008, a full year of recession. Now here is where it gets fun: Obama steps in. The very first year under Obama, 2009, the deficit is expected to be about $1.84 trillion. Here are some fun facts regarding Obama's budgets from 2009 through 2019.
Obama's first-year deficit, the largest in history, is over four times bigger than George Bush's last deficit, which had been the largest in history up to then.
Obama's first-year deficit is more than Bush's first seven deficits combined. The smallest deficit predicted under Obama's budget from 2009 through 2019 is $658 B, or 43% bigger than Bush's largest deficit, the largest in history up to then. Under Obama's budget, deficits exceeding one trillion dollars will occur in four years: 2009, 2010, 2018 and 2019. The 10-year cumulative deficit (2010-2019) under Obama's budget will be $9.3 trillion, or an average of almost one trillion per year, more than doubling what it would have been under the laws left by Bush. The debt held by the public in 2008, or that left by Bush for Obama, was 40.8% of GDP. In just one year under Obama, after 2009, it will be 56.8%, or the largest since 1955. By 2019 it will be 82.5%, the largest in our history except for the three years of 1945-47, the end of World War II. From 2000 to 2008, or the Bush years, the debt held by the public went from 35.1% of GDP to 40.8%-- a 5.7% of GDP increase. By 2016, or a similar period under Obama's budgets, it is expected to reach 77.5%-- a 36.7% of GDP increase. Under Obama's budget, the debt held by the public will reach 82.4% of GDP in 2019. That is more than double the average level since 1960 and more than double what Bush left in 2008.
http://www.americanthinker.com/2009/08/cognit...

Beam her up Scotty!
Her lack of intellect, honesty, and REALITY is part of the huge problem. She can spin just about anything. She's one of the reasons we're no longer members of the Democrat party in OC..

She's been hitting that kool-aid again. burp!

Ayreshire wrote:

Ellen you need to be intellectually honest, let us examine more closely the huge debt mess that Bush left for Obama to clean up.
1960-2007 average (pre-Obama): 36.2%.
1960-2000 average (pre-Bush): 36.2%
2001-2007 average (Bush, pre-recession): 36.0%
Well what do you know? Bush's average level of debt was a hair below average, at least up until the beginning of this recent recession. At the end of 2007 it stood at 36.8% of GDP, pretty much where it had been for the previous several decades. If you want to get really picky, Bush inherited a debt of 35.1% of GDP from Bill Clinton in 2000, and left Obama a debt of 40.8% of GDP in 2008 (per the CBO). There you have it -- the smoking gun! An extra 5.7% of GDP in federal debt held by the public. But most of that came in 2008, a full year of recession. Now here is where it gets fun: Obama steps in. The very first year under Obama, 2009, the deficit is expected to be about $1.84 trillion. Here are some fun facts regarding Obama's budgets from 2009 through 2019.
Obama's first-year deficit, the largest in history, is over four times bigger than George Bush's last deficit, which had been the largest in history up to then.
Obama's first-year deficit is more than Bush's first seven deficits combined. The smallest deficit predicted under Obama's budget from 2009 through 2019 is $658 B, or 43% bigger than Bush's largest deficit, the largest in history up to then. Under Obama's budget, deficits exceeding one trillion dollars will occur in four years: 2009, 2010, 2018 and 2019. The 10-year cumulative deficit (2010-2019) under Obama's budget will be $9.3 trillion, or an average of almost one trillion per year, more than doubling what it would have been under the laws left by Bush. The debt held by the public in 2008, or that left by Bush for Obama, was 40.8% of GDP. In just one year under Obama, after 2009, it will be 56.8%, or the largest since 1955. By 2019 it will be 82.5%, the largest in our history except for the three years of 1945-47, the end of World War II. From 2000 to 2008, or the Bush years, the debt held by the public went from 35.1% of GDP to 40.8%-- a 5.7% of GDP increase. By 2016, or a similar period under Obama's budgets, it is expected to reach 77.5%-- a 36.7% of GDP increase. Under Obama's budget, the debt held by the public will reach 82.4% of GDP in 2019. That is more than double the average level since 1960 and more than double what Bush left in 2008.
http://www.americanthinker.com/2009/08/cognit...

You can quote numbers all day, and in the end, it won't mean a thing. In eight years of the Bush Regime, his budgets never included his credit card war that was done with supplementals on a quarterly basis. Obama has put those wars into the budget. As for the national debt, it was nearly unheard of before Reagan, but has been the center of what we feel today. What Obama is spending this year is the only way out of the mess left him by Bush. Don't even try to predict the future based on today. Your glass jar is not that accurate and what may come our way in the next decade is more than we can imagine.

Ron Jeske wrote:

<quoted text>
You can quote numbers all day, and in the end, it won't mean a thing. In eight years of the Bush Regime, his budgets never included his credit card war that was done with supplementals on a quarterly basis. Obama has put those wars into the budget. As for the national debt, it was nearly unheard of before Reagan, but has been the center of what we feel today. What Obama is spending this year is the only way out of the mess left him by Bush. Don't even try to predict the future based on today. Your glass jar is not that accurate and what may come our way in the next decade is more than we can imagine.

Bush spent 8 billion. That 100 billion a year far less than the trillion dollar deficits Obama has rolled up in one year. Get your act together Ron and stop trying to look intelligent. Because you are not.

Before you try to correct me. That should have been 800 billion with 100 billion a year. Bush spent 800 billion. That's 100 billion a year far less than the trillion dollar deficits Obama has rolled up in one year. Get your act together Ron and stop trying to look intelligent. Because you are not.

Ron Jeske wrote:

<quoted text>
You can quote numbers all day, and in the end, it won't mean a thing. In eight years of the Bush Regime, his budgets never included his credit card war that was done with supplementals on a quarterly basis. Obama has put those wars into the budget. As for the national debt, it was nearly unheard of before Reagan, but has been the center of what we feel today. What Obama is spending this year is the only way out of the mess left him by Bush. Don't even try to predict the future based on today. Your glass jar is not that accurate and what may come our way in the next decade is more than we can imagine.

By the way Ron, I'm not doing all the quoting. The Wall Street Journal, The Washington Post, Heritage and others are. Why don't you find out the truth instead of trying to make your savior’s rampant spending look good.

Ron Jeske wrote:

<quoted text>
You can quote numbers all day, and in the end, it won't mean a thing. In eight years of the Bush Regime, his budgets never included his credit card war that was done with supplementals on a quarterly basis. Obama has put those wars into the budget. As for the national debt, it was nearly unheard of before Reagan, but has been the center of what we feel today. What Obama is spending this year is the only way out of the mess left him by Bush. Don't even try to predict the future based on today. Your glass jar is not that accurate and what may come our way in the next decade is more than we can imagine.

It really amazes me how these die hard left-wing radical's can not and will not see the truth even when it's right at their fingertips. Talk about having a slobbering love affair with this administration. They will stop at nothing to try to convince everyone that they are right and everyone else has it wrong.

http://www.gallup.com/poll/123854/Conservativ...

Amazing how the smallest party still gets the majority of news coverage, very similiar to criminals seems to have all the rights and the victims are the one's suffering, gee just like politicians.

Nice, the tinfoil hat crowd are out in force here.

Dragon82a wrote:

Nice, the tinfoil hat crowd are out in force here.

Wow, brilliant. When you have nothing cogent to add, make a stupid joke.

Dragon82a wrote:

Nice, the tinfoil hat crowd are out in force here.

At least they don't don leather jedi costumes, and slay make believe ghosts with their light sabers.

"Obama not responsible for national debt"

No, but he is responsible for making it worse.

Dragon82a wrote:

Nice, the tinfoil hat crowd are out in force here.

That's because people are getting an understanding of what's really going on and are able to see past Obama's big CHANGE and HOPE. The "CHANGE" is big Government takeover and "HOPE" is what the radical left-wing is hoping for.

Why are you RW Nuts so SCARED of the Government? Why aren't you scared of the big multi-national corporations that own the government?

Those guys are accountable to nobody. At least you can vote out a bad government.

Post #1: What are these percentages? They make no sense. Good for you for doing some research, but you need to learn to communicate effectively as well. BTW, I was simply correcting Mr. Teeter's mixup. The ADN decided on the title "Obama not responsible for national debt." Nothing that I wrote related to that title. My title was simple "Reality Check."

Post #2. I don't recall ever seeing a "yikes its ellen" in our VoteBuilder lists. Come out from under your rock and identify yourself. BTW, correct grammar is "it's ellen." The possessive form of it does not use the apostrophe, the contraction of"it is" does.

yikes its ellen wrote:

Beam her up Scotty!
Her lack of intellect, honesty, and REALITY is part of the huge problem. She can spin just about anything. She's one of the reasons we're no longer members of the Democrat party in OC..

Good on you. The Kool aid barrel seems to be bottomless.

The reality level here is set on "thin".

http://www.youtube.com/watch...

Bewildered wrote:

Why are you RW Nuts so SCARED of the Government? Why aren't you scared of the big multi-national corporations that own the government?

When we give the government more power over our lives we are also giving more power to the corporations that are pulling their strings. I do not trust either but at least a corporation cannot take my money unless the government takes it from me first. I trust individuals to make the best choice for themselves and will work hard to ensure everyone is allowed the freedom to make choices.