Incredible statistic

[Guest Patriot]

zerO has reached an amazing milestone. He has now spent more money in less than 3 years than every previous president in history. The 3 terms of FDR during WW2, 8 years of the Clinton administration and 12 mostly war years of the two Bush administrations don't match zerO's spending. We have gone from 14 trillion in debt to 15 trillion in just a matter of months. Yet the dems in this special committee is still refusing to make any meaningful cuts without huge tax increases. Every economist is warning zerO against raising taxes in this economy but zerO is not listening. I guess community organizers know more about it than professional economists. Hello Greece!

[Guest Guest]

zerO has reached an amazing milestone. He has now spent more money in less than 3 years than every previous president in history. The 3 terms of FDR during WW2, 8 years of the Clinton administration and 12 mostly war years of the two Bush administrations don't match zerO's spending. We have gone from 14 trillion in debt to 15 trillion in just a matter of months. Yet the dems in this special committee is still refusing to make any meaningful cuts without huge tax increases. Every economist is warning zerO against raising taxes in this economy but zerO is not listening. I guess community organizers know more about it than professional economists. Hello Greece!

As usual, you’re lying. We’ve spent approximately $18 trillion under President Obama. Of course, you want to ignore the fact that he came into office under the worst circumstances since the Great Depression – after all, you can’t admit that Bush’s policies nearly wrecked the economy, since you want us to go back to Bush’s policies, which caused the problem in the first place.

In Bush’s final four years, we spent approximately $19 trillion. It would have been less if we weren’t fighting an unnecessary war and if he hadn’t undone all the work Clinton did to balance the budget.

The supposedly massive tax increases that you’re lying about would return the top 1% to the tax rates they were paying under Clinton. They made a killing under Bush: not because they added value to the economy but because Bush rigged the system so they could make huge fortunes. You're also lying when you say that economists do not support President Obama's proposed tax increase on the wealthy. It seems like all you do is lie.

That doesn’t even account for the facts of an aging population, which is consuming more health care resources, a mounting debt payment because Bush exploded the deficit and all the money we’re sending overseas to pay for foreign oil because the oil companies blocked all efforts to transition to other sources. The reason Fox and the Republicans are complaining about the solar energy companies is that they are a threat to big oil. You can buy their propaganda if you want to but you’re hurting yourself and the rest of us too.

[Guest Patriot]

As usual, you’re lying. We’ve spent approximately $18 trillion under President Obama. Of course, you want to ignore the fact that he came into office under the worst circumstances since the Great Depression – after all, you can’t admit that Bush’s policies nearly wrecked the economy, since you want us to go back to Bush’s policies, which caused the problem in the first place.

In Bush’s final four years, we spent approximately $19 trillion. It would have been less if we weren’t fighting an unnecessary war and if he hadn’t undone all the work Clinton did to balance the budget.

The supposedly massive tax increases that you’re lying about would return the top 1% to the tax rates they were paying under Clinton. They made a killing under Bush: not because they added value to the economy but because Bush rigged the system so they could make huge fortunes. You're also lying when you say that economists do not support President Obama's proposed tax increase on the wealthy. It seems like all you do is lie.

That doesn’t even account for the facts of an aging population, which is consuming more health care resources, a mounting debt payment because Bush exploded the deficit and all the money we’re sending overseas to pay for foreign oil because the oil companies blocked all efforts to transition to other sources. The reason Fox and the Republicans are complaining about the solar energy companies is that they are a threat to big oil. You can buy their propaganda if you want to but you’re hurting yourself and the rest of us too.

Kool-Aid alert!! Our national debt now stands at just under 15 trillion. Yet this genius is claiming zerO has spent 18 trillion and Bush spent 19 trillion in his second term. This is the kind of guy that supports zerO, not a lot of brain power.

[Guest Gadfly]

Kool-Aid alert!! Our national debt now stands at just under 15 trillion. Yet this genius is claiming zerO has spent 18 trillion and Bush spent 19 trillion in his second term. This is the kind of guy that supports zerO, not a lot of brain power.

You do realize that not all spending adds to the debt, right? Just deficit spending-in other words, spending over and above what the government takes in. The point is that spending hasn't increased that dramatically but the governments income is way down. This is caused by two factors. First, and largest, is the fact that we are in a recession and so tax revenues are obviously down. Not insignificant, however, is the fact that after the 2001 and 2008 tax cuts, the stimulus tax breaks, and various tax breaks Bush pushed through the governments tax income is at the lowest level since the 50s.