Quote:
Originally Posted by thommy
you always seem to forget that obama came in when the whole world was in a one of the biggest financial crisis we have ever faced.
every country´s debt went up in that time and some still suffer from it.
but when a country is on a level of 120% debt or more it will not be able to finance such a crisis anymore.
so the direction USA is going at this moment is directly against the wall.
a country can not loan and loan and loan and loan because that means spending the money of their grand-grandchildren because the people alive (who received the benefit) will not live so long to pay it back.
maybe the republicans are also so much against abortion because then the slaves are missing who then have to work their ass off for the crap of the past.
you must hate your children a lot !
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Obama's Real Debt And Deficit Legacy
https://www.investors.com/politics/c...eficit-legacy/
Obama's budget deficits more than doubled the inherited projections (point: conservatives). Thirteen days before Obama took the oath of office, the CBO forecast a total 2009-19 budget deficit of $4.32 trillion. Instead, Washington is set to complete that decade with cumulative deficits of $8.93 trillion – $4.6 trillion higher than projected.
Yes, budget deficits gradually dipped below $1 trillion by 2013, and then averaged $550 billion thereafter. Yet without expensive new legislation, they would have naturally fallen to $531 billion by 2011, and below $200 billion by 2013.
https://www.usnews.com/opinion/econo...rd-isnt-pretty
Obama was a pissed off soon to be ex-wife with a pocket full of credit cards.