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re: Seriously how is it going to play out with the US national debt?
Posted on 2/9/18 at 12:10 pm to jdeval1
Posted on 2/9/18 at 12:10 pm to jdeval1
quote:
Obama ran up more debt than all other presidents that proceeded him combined. The debt grew 86% in 8 years
Dumbest talking point ever and insanely ignorant.
Do some research on discretionary spending under Obama. Lowest of any administration in about 50 years outside of the stimulus package which was written during Bush's administration right before he left to try and prevent an outright depression.
Mandatory spending gonna mandatory spend.
Here is what will happen...
Since Trump and the republicans decided to add 2 more trillion on top of what was ALREADY going to be added with their idiotic tax cut, then both parties decided to talk on another 600 billion today, people better start to accept the fact a massive tax increase is coming in a couple of years just as the U.S. economy starts to slow down again.
Book it.
This post was edited on 2/9/18 at 12:11 pm
Posted on 2/9/18 at 12:14 pm to Tiger n Miami AU83
quote:
Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000. As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.
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