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.

Mr. Obama frequently lays blame for soaring federal deficits on his predecessor.

DL It’s Me! asked:


Some economists say we’d be in debt of TRILLIONS of dollars.
Lol, sorry, I didn’t know we were in debt of trillions of dollars already. My teacher said it like Obama and McCain would kill our country if they came into office. I’m guessing I heard it wrong and he meant to say trillions more?
Wait, yes I’m correct, judging from Michael’s answer, it would be somewhat correct to say we’d be TRILLIONS of dollars in debt.

My teacher said 30 trillion dollars for Obama and 50 trillion dollars for McCain. 7 trillion is way less than 30 trillion isn’t it?

wormwar1 asked:


Obama has promised to do NOTHING about reducing the debt or budget deficit. In fact, he said it will increase under his administration.
Thoughts?