...almost funny Wild. Funny is the graph of US foreign held debt that W racked up in just 8 short years. Not bad considering ALL the presidents since 1776 added up to 1 trillion.
Nah, President Obama came up with all these economics on his own.
Tell me when you get to the funny part.
Man....I need to check this board more often....
The US Government has run a deficit budget almost every year since 1969 and these annual deficits contribute to the US Total Debt. There is an increasing growth of Foreign Debt Holders (and that is troublesome); however, the US Treasury security is still considered the safest investment in the world and foreign investors have to invest somewhere...they just prefer US Treasuries vs. another foreign security. The way things are going, even the foreign investors may start questioning the solvency of the USA.
The REAL problem is that the US Gov't. is INCREASING it's deficit spending and growing our national debt at an alarming rate. Much of the credit, rightly goes to President Obama and the Democratically-controlled congress.*
During the 8 years George W. was in office, US public debt rose some 4.3 Trillion. Although Obama's 2009 budget was co-drafted by him & Bush it is OBAMA's yet he continues the blame game.....over a year after he took office. HIS proposed budget will add another 5 Trillion to the debt by 2016 (God forbid he is around after 2012). He is taking credit for "Having steered the economy back from the brink of depression" (
The President's Budget), yet he keeps saying he inherited a $1.3 Trillion deficit that he had nothing to do with. HELLO....the Democrats controlled both the House & Senate since 2006 and it was them "that helped shape the massave deficit budgets not to mention the $700Billion Stimulus Spending". See
Obama's "inherited" deficit, AP fact checks his fiction for the full (and factual) story.
OBAMA is no doubt a puppet of Harry Reid & Nancy Pelosi who for the past 3 years crammed liberal policies & budgets down American's throat. Well....that my friend...is about to change. Both conservatives & liberals are figuring out that "CHANGE" is not necessarily a good thing. Boston (one of the most liberal states in the country) woke up and broke the majority in the Senate with the election of Scott Brown.* I hope this trend will continue in the future starting with Harry Reid race in Nevada.
Obama & his supporters have been playing on the ignorant and making promises that hard working Americans will have to pay for years (and possibly generations) to come. I don't blame folks that have nothing and/or are suffering for voting in someone promising all sorts of help; however, the government cannot be all things to all people.
When Bush left office the Total National Debt was $10.6 Trillion. It is now $12.4 Trillion Dollars and growing....FAST. Obama's 2010 Budget Deficit is over $1.4 Trillion dollars.
Check out the National Debt Clock at:
http://www.usdebtclock.org/[/URL
It is time for Obama and his liberal friends to start taking RESPONSIBILITY for their actions ! Did Bush lie? Probably so. Do all politians? IMHO....I don't think so. Did/Does Obama? Get your head out of the sand and decide for yourself. [URL="http://www.audacityofhypocrisy.com/fashion-shows/"]http://www.audacityofhypocrisy.com/fashion-shows/
How about Pelosi? (My gosh, she is only 2 away from the President's Seat).
YouTube - Nancy Pelosi's Full Schizophrenic Press Conference - May 14th/2009
America better wake up and replace the inexperienced congress men & women with honest, talented, and experienced men & women if we have fighting chance to get out of the mess we are in and to change the direction our country is heading. I realize there are people on this board that have differing views and that is ok...that is The American Way....it's called Freedom of Speech. I just prefer to have as many facts as possible before slinging mud.
VOTE & let your beliefs be known !

God Bless America !!!