By the end of this year, the federal debt is expected to be $16.2 trillion, which is $6.2 trillion more than when President Obama first came into office four years ago. Moreover, new analysis by the Republican side of the Senate Budget Committee finds that, over the next 4 years, if Barack Obama remains president and his budget is enacted, $4.4 trillion will be added to the federal debt.
As the chart notes, staying on the same path will mean that debt is expected to hit $17.5 trillion in 2013, $18.5 trillion in 2014, $19.4 trillion in 2015, and $20.3 trillion in 2016.
The last full year of Obama's presidency, if he is reelected, will be 2016.
"Federal debt will increase to $25.4 trillion by the end of 2022, an increase of $10.6 trillion (72 percent) under the president’s budget policies," the Senate Budget Committee notes.
http://www.weeklystandard.com/blogs/obamas-budget-add-44-trillion-debt-next-four-years_650614.html
Eight years of Obama doubles the national debt
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Eight years of Obama doubles the national debt
....assuming he doesn't do anything else which by the way, he's slated to add much much more based on his unfulfilled proposals:
Machina Sublime
Satan's Plan Deconstructed.
Your Best Resource On Joseph Smith's Polygamy.
Conservatism is the Gospel of Christ and the Plan of Salvation in Action.
The Degeneracy Of Progressivism.
Satan's Plan Deconstructed.
Your Best Resource On Joseph Smith's Polygamy.
Conservatism is the Gospel of Christ and the Plan of Salvation in Action.
The Degeneracy Of Progressivism.
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Re: Eight years of Obama doubles the national debt
Republicans control the House where spending bills begin. Why don't they cut anything? Oh that's right because Social Security, Medicare, and Defense are all Golden Gooses that can't be plucked at all and account for ~65-70% of the budget.
Perhaps you'd like to go through the budget line by line with me and tell me what we should cut?
Perhaps you'd like to go through the budget line by line with me and tell me what we should cut?
Whatever appears to be against the Book of Mormon is going to be overturned at some time in the future. So we can be pretty open minded.-charity 3/7/07
MASH quotes
I peeked in the back [of the Bible] Frank, the Devil did it.
I avoid church religiously.
This isn't one of my sermons, I expect you to listen.
MASH quotes
I peeked in the back [of the Bible] Frank, the Devil did it.
I avoid church religiously.
This isn't one of my sermons, I expect you to listen.
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- Joined: Tue Dec 04, 2007 1:18 pm
Re: Eight years of Obama doubles the national debt
...new analysis by the Republican side of the Senate Budget Committee...
That's all we really needed to know here.
"The DNA of fictional populations appears to be the most susceptible to extinction." - Simon Southerton