If Bush already drove national debt to all time high, what is another 787 billion?

2Pacalypse asked:

Bush drove national debt from 5.7 trillion to 10 trillion.. What is another 787 billion on top of the 10 trillion in debt? If hyperinflation was to take place, wouldn’t it have already occurred from the 4.3 trillion? 787 billion seems so insignificant compared to that.
$13 per week, are you actually denying facts that Bush jacked up national debt?

Comments (12) Posted in Politics

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12 Responses to 'If Bush already drove national debt to all time high, what is another 787 billion?'

LoveYa! - March 14th, 2009 at 10:03 pm
It’s a lot, but at least it will go to voters and not global corporate execs
Packin my Stimulus - March 16th, 2009 at 6:10 pm
simple math dummy

2 wrongs= 1 right
The_Insane_Liberal - March 19th, 2009 at 1:04 am
My Republican friends tell me that Congress controls the Nation’s purse strings and that Democrats voted for the Iraq War and to continue spending…and they’ve controlled Congress since 2006.

But my Republican friends are just morons!
Son of Liberty - March 20th, 2009 at 9:15 pm
It took Bush 8 years to do that. It’s take 0bama all of 3 weeks to exceed it!

Federal obligations exceed world GDP

As the 0bama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
TLB - March 22nd, 2009 at 10:28 pm
Presidents can only ask for money. Only congress can approve or deny spending.

Bush was an idiot, Obama is a tard, and our congress (past and present) are going to ruin this country with debt.
rudens - March 23rd, 2009 at 12:42 am
it won’t trickle down either!
monster - March 23rd, 2009 at 1:07 pm
Did you know Bush is not in office any more.
Obama is the president now
rthimble - March 23rd, 2009 at 6:53 pm
We have had huge debt in the past like when Reagan took office and we worked through it ! We could have worked through this too. Bush didn’t do it alone you know he didn’t spend anything that congress didn’t approve. We have increased that debt so much in the first three week of Obama administration, I just can’t imagine what is next they said they are working on another. 7787 billion isn’t the total amount there are several little items they have slipped through in the last three weeks that will be added to that number. At this rate Obama will have the hole dug to China and we will never get out. You can’t spend your way out of debt the way he is trying !
brown9500v2 - March 26th, 2009 at 10:41 pm
787 billion is never an insignificant amount, but it does point out the Republicans “selective outrage”.

They say : “800 billion… in a financial crisis”?!?!

But then THEY created the financial crisis with the Commodity Futures Modernization Act of 2000.

Allowed it to happen: “the economy is fundamentally sound”.

And…now are trying to legislate denial with freakin tax cuts so they can recoup some of the money they, and their rich buddies, lost in their hedge fund investments.

Their middle class toadies think that since their leaders have the right connections to make an illegal buck in the derivatives market (at the expense of the stock market) that they have some sort of superior financial minds.

“McCain said … “The issue of economics is something that I’ve really never understood as well as I should. I understand the basics, the fundamentals, the vision, all that kind of stuff,” he said. “But I would like to have someone I’m close to that really is a good strong economist. As long as Alan Greenspan is around I would certainly use him for advice and counsel.”
karl k - March 29th, 2009 at 2:06 am
bush spent like a drunken democrat, its true, but by cutting taxes for every american and especially for the biggest employers he generated the greatest revenues we ever had, years and years of steady job growth, our lowest unemployment rates since the fifties, routine record setting sock market reports, and very little inflation (at least until the dems took congress).
if obama adopts bushs good ideas along with his bad ones we should be fine, but there are really no signs of that.
bravofan71 - March 30th, 2009 at 11:32 am
Obama administration= Scandals & Lies
smsmith500 - March 30th, 2009 at 2:55 pm
Difference is that Bush did that in 8 years. Obama only took a month. Both did it with congressional approval, which according to the Constitution is the legal means.

Time High

If Bush already drove national debt to all time high, what is another 787 billion?

12 Responses to 'If Bush already drove national debt to all time high, what is another 787 billion?'

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