How big will americas debt reach at the end of 0bamas one term presidency?
Im back again asked:
The Debt increased $4.9 trillion during President Bush’s two terms. The Administration has projected the National Debt will soar in Mr. Obama’s fourth year in office to nearly $16.5-trillion in 2012. That’s more than 100 percent of the value of the nation’s economy and $5.9-trillion above what it was his first day on the job.
The Debt increased $4.9 trillion during President Bush’s two terms. The Administration has projected the National Debt will soar in Mr. Obama’s fourth year in office to nearly $16.5-trillion in 2012. That’s more than 100 percent of the value of the nation’s economy and $5.9-trillion above what it was his first day on the job.
Mr. Obama frequently lays blame for soaring federal deficits on his predecessor.
Tags: Fourth Year, Job, Obama
June 18th, 2011 at 7:13 pm
ALL POLITICIANS lay blame, and he has BASIS for it. You have NO idea if he will have one term or not. Nothing you said is CONCRETE, it’s all speculation.
June 21st, 2011 at 1:34 pm
The debt belongs to the repubes now.
June 24th, 2011 at 6:15 am
At the current rate that Obama is squanderiing our money the deficit will be over 20 Trillion dollars by 2012.
June 26th, 2011 at 9:26 pm
The United States is aleady bankrupt. And the liberals want everyone else to pay their bills. We have one choice, free market capitalism, or we collapse.
For me, its a fun one. Life, liberty, and the pursuit of happiness is worth the risk.
But we’re on the verge of collapse. Tick tock.
June 28th, 2011 at 10:47 pm
Don’t worry, the Repubs don’t have anyone who can beat him in 2012.
June 30th, 2011 at 8:25 pm
Liberal Socialist Marxist BIG.
July 3rd, 2011 at 10:32 am
It will set records and cause a lot of problems. People need to understand that obama and his wife hate America and it is his agenda to destroy the USA in any way he can.
July 5th, 2011 at 7:52 pm
You Lie. He has only completed one budget year since taking office and that year had a 1.4 trillion dollar deficit which is 200 billion less than Bush’s last budget which ended in October 2009, and it only had a 1.6 trillion dollar deficit.
Projections have Obama’s next year down to 1.2 trillion. The deficits have gone down ever since we got rid George I’ll pay you later Bush.
July 7th, 2011 at 12:46 am
REPUBLICANS
REAGAN
GW BUSH
DICK CHENEY
ALL SAY DEFICITS DON’T MATTER SO WHY ARE YOU SUPPORTING THEM???????????????
July 7th, 2011 at 5:23 pm
his predecessor presided over the largest loss the economy of the usa ever suffered; the stimulus needed to at least twice as large; anyone who thinks boehner and lindsay graham are going to save them, consider this: those are only two of the mob of republicans who wanted to invest entitlements in the go-go stock market a few years back…all that money would be gone-gone and millions would need an airlift from china to survive
July 8th, 2011 at 10:18 am
Who knows-epseically if he keeps taking trips like the one to India that average $200 million a day????? Who knows what under the table deals are being made over there-
July 9th, 2011 at 8:15 am
which is why we need to go back to the pre reagan era tax rates on corporations and the rich . over two trillion a year in breaks on their taxes is why the deficit is going up . two trillion a year in breaks to the rich equals the equivalent of $64,000 dollars a year to every working person ( at 100% employment ) in america . where is all the money going ? somebody is making large money , yet not sharing it with the workers in the form of a raise , or creating new jobs . could it be the GOP enablers of the zionist agenda of greed of wall street , corporations , and the bankers ?
July 10th, 2011 at 12:25 pm
Quit blaming all of the debt on Obama. The last (x) amount of presidents have continued to add debt. Obama is simply following that trend. The bad thing is that nobody foresaw we’d have to make up that debt somehow. Tax cuts + war, both of which I’m pretty sure you agree with, cost us almost half of our total budget. So why don’t you put in some specifics on how you would cut that deficit. Feel free to email me if you have any ideas on where to make significant cuts.
July 12th, 2011 at 9:18 pm
It really depends on whether or not the Republicans decide to help in the second half of his 1st term. Or are they just going to continue sitting on their thumbs?
July 15th, 2011 at 6:15 am
to a record setting 18 trillion is the projection and if left unchecked I agree with that figure