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A Record to Run ON

Discussion in 'Political Debate & Discussion' started by OldRegular, Aug 14, 2012.

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  1. OldRegular

    OldRegular Well-Known Member

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    1. National debt increased from $10.63 trillion the last day President Bush was in office to $15.93 trillion today. That is an increase of $5.3 trillion under Barak Hussein Obama!

    2. People on food stamps increased from 30.8 million in October 2008 to 46.4 in September 2011, an increase of about 16 million under Barak Hussein Obama!

    3. Obamacare cuts funds available for Medicare by $716 billion dollars over 10 years!

    Now there is a record to run on! All are invited to add on as they see fit!
     
    #1 OldRegular, Aug 14, 2012
  2. Revmitchell

    Revmitchell Well-Known Member
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    I want Obama out of office. But we need to be fair here. How much of that debt increase under the Obama admin is left over from Bush policies put into place before he get there? Bush was a big spender as well.
     
    #2 Revmitchell, Aug 14, 2012
  3. InTheLight

    InTheLight Well-Known Member
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    One thing for sure, the Stimulus Bill, with its price tag of $830 Billion is totally Obama's work.

    Ditto for fresh spending and borrowing for the new health care laws.
     
    #3 InTheLight, Aug 14, 2012
  4. Revmitchell

    Revmitchell Well-Known Member
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    No doubt, didn't Bush push for a stimulus and bailouts?
     
    #4 Revmitchell, Aug 14, 2012
  5. OldRegular

    OldRegular Well-Known Member

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    Obama famously said: "Elections have consequences"! If he did not like the Bush policies he had a filibuster proof majority in the Senate and he could have changed any such Bush policies if they existed.
     
    #5 OldRegular, Aug 14, 2012
  6. OldRegular

    OldRegular Well-Known Member

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    Bush pushed TARP! I don't recall any stimulus!
     
    #6 OldRegular, Aug 14, 2012
  7. Revmitchell

    Revmitchell Well-Known Member
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    You are without doubt correct on this. But we need to admit and recognize the spending issue on both sides so it will stop. Period.
     
    #7 Revmitchell, Aug 14, 2012
  8. Revmitchell

    Revmitchell Well-Known Member
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    Ok well TARP, stimulus, tomato tomaaaaato. Same difference.
     
    #8 Revmitchell, Aug 14, 2012
  9. InTheLight

    InTheLight Well-Known Member
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    Bush had a stimulus bill in 2007(?) that was direct checks to taxpayers. I believe it was in the neighborhood of $150 billion. It had bipartisan support.

    Bush was President when TARP (bank bailout) was passed. That had bipartisan support and the price tag was $475 Billion. All but about $30 Billion has been repaid.

    You're right in that Bush passed a lot of spending bills but you really can't compare his running up of the debt to Obama's incredible amount of debt increase.
     
    #9 InTheLight, Aug 14, 2012
  10. Revmitchell

    Revmitchell Well-Known Member
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    I understand the comparison thing. But there is an equal comparison to be made here with regards to spending regardless of the amounts. We need both sides to stop the spending. However much it is.
     
    #10 Revmitchell, Aug 14, 2012
  11. InTheLight

    InTheLight Well-Known Member
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    Not the same. About 95% of the TARP money has been repaid. Obama's Stimulus money, $830 Billion, has been mostly spent and there will be no repayment.
     
    #11 InTheLight, Aug 14, 2012
  12. InTheLight

    InTheLight Well-Known Member
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    Stop spending? No, but need to cut the budget, eliminate deficits, start running surpluses, and start repaying the debt. It could be done in about 30 years if we stuck to a sensible plan.
     
    #12 InTheLight, Aug 14, 2012
  13. OldRegular

    OldRegular Well-Known Member

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    You are right but I believe it was 2008. I remember getting a check! As I recall the effort was useless!
     
    #13 OldRegular, Aug 14, 2012
  14. Revmitchell

    Revmitchell Well-Known Member
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    I should have been more clear. We need to stop all new spending. And I do not care what it is for. When you do not have it, you just do not have it. But of course Mr. "Bush is unpatriotic for spending and borrowing from China" himself doesn't get it either.
     
    #14 Revmitchell, Aug 14, 2012
  15. OldRegular

    OldRegular Well-Known Member

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    Where did the $830 billion go? We know some went to Obama bundlers! Obama joked some months back that there were no shovel ready job, a justification for the stimulus!
     
    #15 OldRegular, Aug 15, 2012
  16. carpro

    carpro Well-Known Member
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    He was.

    But the only part of the 5.3 trillion that could be allocated to him would be the unspent portion of TARP on the date Obama took the throne. And I don't know how much that is. But as has been pointed out, almost all that has been repaid, which Obama then spent.

    He can't run from his record.

    Another way to look at it is that the 2009 budget deficit was 1.4 trillion. Only 8 months of that was under Obama. Without going into detail, we know that at least 830 billion was his.

    He still can't run from his record.
     
    #16 carpro, Aug 15, 2012
    Last edited by a moderator: Aug 15, 2012
  17. OldRegular

    OldRegular Well-Known Member

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    Four more years of Obama means the economy will limp along indefinitely. Sounds like the 1930's all over again! I believe the one thing that has caused business to delay hiring is Obamacare. Throw that out, extend the current tax rates, drastically reform the tax code, use our own carbon based energy and I believe the economy will soar!

    Four more years of the big O likely means at least $4 trillion more in debt and borrowed. So what happens if no one will loan the money. Chaos in the streets. The populace of this country is not like the pre war populace. They are used to their leisure, their toys!

    I suppose the Fed could print more but eventually inflation is going to catch up with the country.
     
    #17 OldRegular, Aug 15, 2012
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