Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Every Congress inherits the cumulative debt and adds to it.
Obama inherited $10 Trillion cumulative debt from Bush and Congress added to it.
Congress controls the purse strings.
Almost..
The spending proposals originate in the White House, which the Congress passes, and then the President then approves of.. Without the Presidents signature, there is no purse without an overriding majority.
The deficit is not the DEBT which will be approaching 20 TRILLION by the time President Obama hits the exit door. You apparently do not understand the difference. Go back and take Econ. 101.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-Henry Ford
It never fails to amaze me that perfectly rational people can understand the ruinous effect that running a constant deficit does to their own budget, but will insist to their last breath that the Government can run a deficit ad infinitum without consequences.
Spin master Republicans. Always making the president look bad. Look how they are still making excuses for the village idiot. We didn't have a 9/11 under Obama......
Take your meds and ask your mother before you use her computer again. He's collected record taxes and doubled debt. He's a complete cluster..
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-Henry Ford
Amen! Ask one of these folks why the Feds can't raise rates, the impact on developed and non-developed countries if they do and all you'll get is a Bush bla bla bla and where's my welfare check. It's completely ludicrous the complete lack of simple financial comprehension.
Amen! Ask one of these folks why the Feds can't raise rates, the impact on developed and non-developed countries if they do and all you'll get is a Bush bla bla bla and where's my welfare check. It's completely ludicrous the complete lack of simple financial comprehension.
It's completely ludicrous to think the actions of Bush Jr wouldn't impact the next president....
Two major wars, Medicare Part D, Dept of Homeland Security, etc. on top of tax cuts followed by the worst global financial crisis...
When Bush Jr took office in 2000, China's GDP ~1 trillion USD and now it's over 6 trillion USD in 2015. The world has changed son.
Spending in 2009 alone, increased 17.9%, under a budget approved by Pelosi, Obama, and the Democratic Majority, with Democrats holding off on 9 of the 12 appropriation bills, passing only the Defense, Military Construction and Veterans Affairs, and Homeland Security bill, which were signed by Bush.. The other 9, signed by Obama..
There is no spin, the deficit is reaching the same levels it was under Bush. The sleight of hand in the MSNBC article is using 2009 as a baseline.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
