Why are Americans worried about future generations and repaying debt now....?

T

TuckingFypos

New member
...like it wasn't over 10 trillion dollars when Obama got into office?

I here so many people saying how they have to explain to their children that Obama is ruining their future, like somehow there was a small, manageable federal debt, and now with Obama's spend-o-rama they are hopeless. Turns out $10,000,000,000,000 is a big debt.
"Yes, however the problem comes with the rate at which they are spending money.

Since the inauguration, Obama has spent $1.26 trillion dollars in two months. There was $747 billion for the stimulus, $410 bill for the budget and $65 for the mortgage industry.

Comparing that to Bush, Obama has spent almost 30% of what Bush spent in his entire eight years in 2% of the time. Problem? I think so."

See: http://answers.yahoo.com/question/index;_ylt=AnAKc4HeiAwPn.dHdomyPxHsy6IX;_ylv=3?qid=20090319173535AAi1yQ5

Bush total spending =
 
Z

ZachV

New member
Yes, however the problem comes with the rate at which they are spending money.

Since the inauguration, Obama has spent $1.26 trillion dollars in two months. There was $747 billion for the stimulus, $410 bill for the budget and $65 for the mortgage industry.

Comparing that to Bush, Obama has spent almost 30% of what Bush spent in his entire eight years in 2% of the time. Problem? I think so.
 
C

caldude1010101

New member
Funny how Republicans conveniently overlook the fact that Reagan, Bush 41, and Bush 43 are responsible for about 85% of that $10 trillion dollars.

It would take all 8 years of Obama running a $1 trillion dollar/yr deficit to catch up.

Not that I agree with all this spending by Obama or the last 3 Republicans, but only ignorant people are blind to the obvious.
 
C

caldude1010101

New member
Funny how Republicans conveniently overlook the fact that Reagan, Bush 41, and Bush 43 are responsible for about 85% of that $10 trillion dollars.

It would take all 8 years of Obama running a $1 trillion dollar/yr deficit to catch up.

Not that I agree with all this spending by Obama or the last 3 Republicans, but only ignorant people are blind to the obvious.
 
Top