You mean back when we were running about a 2 trillion dollar debt with almost full employment.Now it’s 17 trillion in debt and the smallest % of worker participation in almost 40 years.
Yes, we have to raise taxes on the rich and the corporations, they get the benefits of society but don’t pay for it, pushing the debt to future generations.
What do you expect when you wage continuous trillion dollar wars and maintain 800 military bases world wide for the purpose of extending the empire and pay for it on the credit card. You can defer for awhile but eventually the chickens come home to roost.
Michael: my daughter (RN) and husband (mechanical engineer) moved to New Zealand going on three years ago . they love it there, and gee, that health care down there is a large part of the positive, as well as son-in-law’s growing industrial company. Notable in the run-down was how agriculture IMPROVED when all farm subsidies were REMOVED, meaning real competition, not corporate government funded agriculture, determined markets. INteresting that here, neither party will cut the subsidies to those “mom and pop” operations like Cargill, ConAgra, and Monsanto.
debt when bho became potus 10.626 t now 17.332 t only a 63.1 % increase [ note at that rate by the time he leaves office 1/2 of the debt will becreated during his reign]
9 Trillion when Obama came to office. 17 Trillion and counting and it is only his 5th year in office. Reagan was hamstrung by a Democrat-controlled Congress – he wanted to eliminate the DOE and Department of Mis-education.
I really wonder how stupid someone has to be to keep posting the lie that Obama increased the debt more than all his predecessors combined. It’s been thoroughly, repeatedly debunked. Somehow, it’s not good enough to say we’ve run up a lot up debt since 2008? I guess, that might lead to an actual discussion of why we ran up that debt and whether balancing the budget in 2009 would have brought prosperity or a repeat of the Hoover administration.
There was a time, long long ago, when we actually paid for our wars.Last time I checked, we’ve never actually run a budget surplus except maybe in 1998. So, we never really paid for any of our wars, certainly not in the last 100 years. But the debt incurred by WWII is about as burdensome as a 1940’s mortgage in today’s dollars. The deficit was 23% of GDP in 1944. In 2013, the deficit was a whopping 4.1% of GDP. No, I did not misplace any decimals.I guess the lesson we should learn is that government jobs programs only work when lots of guns are involved.
Oh, and one of the reasons for the decrease in the deficit last year was The SequesterLast year, the Sequester savings were lessened, because they were only in effect for part of the year. For 2014, the first full year of Sequester level spending, the savings are around $42 billion. That leaves a lot of deficit reduction unaccounted for.Can you identify other government actions that may be reducing the deficit, besides the sequester?The truth is out there!
ConserveGov over 10 years ago
You mean back when we were running about a 2 trillion dollar debt with almost full employment.Now it’s 17 trillion in debt and the smallest % of worker participation in almost 40 years.
ianrey over 10 years ago
Yes, we have to raise taxes on the rich and the corporations, they get the benefits of society but don’t pay for it, pushing the debt to future generations.
Gypsy8 over 10 years ago
What do you expect when you wage continuous trillion dollar wars and maintain 800 military bases world wide for the purpose of extending the empire and pay for it on the credit card. You can defer for awhile but eventually the chickens come home to roost.
Dtroutma over 10 years ago
Michael: my daughter (RN) and husband (mechanical engineer) moved to New Zealand going on three years ago . they love it there, and gee, that health care down there is a large part of the positive, as well as son-in-law’s growing industrial company. Notable in the run-down was how agriculture IMPROVED when all farm subsidies were REMOVED, meaning real competition, not corporate government funded agriculture, determined markets. INteresting that here, neither party will cut the subsidies to those “mom and pop” operations like Cargill, ConAgra, and Monsanto.
eugene57 over 10 years ago
“Funny how facts and reality burst your bubble of partisan bloviated propaganda, huh?”It never seems to get into their bubble, just bounces off.
Tue Elung-Jensen over 10 years ago
OMG a comic that doesn´t involve Obama … thats new.
oneoldhat over 10 years ago
debt when bho became potus 10.626 t now 17.332 t only a 63.1 % increase [ note at that rate by the time he leaves office 1/2 of the debt will becreated during his reign]
Hawthorne over 10 years ago
" Oh, the Wall Street Journal did……"
Well, don’t kill the messenger. Not til you’ve read the whole report, at least.
Got a link ..?
phdtogo over 10 years ago
9 Trillion when Obama came to office. 17 Trillion and counting and it is only his 5th year in office. Reagan was hamstrung by a Democrat-controlled Congress – he wanted to eliminate the DOE and Department of Mis-education.
Uncle Joe Premium Member over 10 years ago
I really wonder how stupid someone has to be to keep posting the lie that Obama increased the debt more than all his predecessors combined. It’s been thoroughly, repeatedly debunked. Somehow, it’s not good enough to say we’ve run up a lot up debt since 2008? I guess, that might lead to an actual discussion of why we ran up that debt and whether balancing the budget in 2009 would have brought prosperity or a repeat of the Hoover administration.
Uncle Joe Premium Member over 10 years ago
There was a time, long long ago, when we actually paid for our wars.Last time I checked, we’ve never actually run a budget surplus except maybe in 1998. So, we never really paid for any of our wars, certainly not in the last 100 years. But the debt incurred by WWII is about as burdensome as a 1940’s mortgage in today’s dollars. The deficit was 23% of GDP in 1944. In 2013, the deficit was a whopping 4.1% of GDP. No, I did not misplace any decimals.I guess the lesson we should learn is that government jobs programs only work when lots of guns are involved.
ConserveGov over 10 years ago
“LIAR!”
Do you uneducated ghetto Dems always have to be obnoxiously loud to make a false argument?
Uncle Joe Premium Member over 10 years ago
Yes I finally wrote it, I am smarter than someone else here.If you were going to make that claim, you could’ve set your sights a little higher… ;^)
Uncle Joe Premium Member over 10 years ago
Oh, and one of the reasons for the decrease in the deficit last year was The SequesterLast year, the Sequester savings were lessened, because they were only in effect for part of the year. For 2014, the first full year of Sequester level spending, the savings are around $42 billion. That leaves a lot of deficit reduction unaccounted for.Can you identify other government actions that may be reducing the deficit, besides the sequester?The truth is out there!