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"...reduced each succeeding year under Obama ..." Reduced after he ran up the deceit (deficit) ...

Author: fredyo (12582 Posts - Joined: Sep 7, 2009)
Posted at 5:23 pm on Jan 11, 2017
View All

You really suck at reading bar charts.

Obama-deficits-575x338.png

...and are apparently oblivious to fiscal facts, as I already posted...

Which part of this do you fail to understand?

For you, since you are so narrow-minded, I will post it again...

In his first 6 years in office, Obama broke the world record for largest annual deficits accumulated under a President of any country ever. He went from $1.4 trillion in 2009, to $1.3 trillion in 2010, to $1.3 trillion in 2011 to $1.1 trillion in 2012, to $0.7 trillion in 2013 to $0.5 trillion in 2014. No other president has surpassed $0.5 trillion in a single year. George W Bush incurred $5 trillion in national debt over 8 years (which included 911, wars in Iraq and Afghanistan and the 2008 recession) but Obama matched Bush’s debt in his first 4 years in office alone.

After such horrible numbers, Obama then brags about cutting the deficit by a third. This is true in that Obama cut the deficit from $1.4 trillion record amount set in 2009 to $0.5 trillion in 2015, but what Obama doesn’t share is that no other president came close to the more than $1 trillion deficits Obama incurred in his first 4 years in office. GW had a $0.5 trillion deficit but that was in 2008.

What’s really sad about Obama’s spending is that there isn’t much to show for it. No major infrastructure improvements have taken place. The military is in shambles and it appears NASA spends more time on global warming than on space exploration. The majority of the costs that led to Obama’s debts were in social programs.

In 2015 25% of the federal budget went to health programs including Medicaid, Medicare and Obamacare; 24% of the 2015 budget went towards Social Security; another 13% went towards more subsidies like benefits for federal retirees and veterans, education, science and medical research; and another 10% went to the Earned Income Tax Credit and Child Tax Credit, which assist low- and moderate-income working families and programs that provide cash payments to eligible individuals or households (referred to as safety net programs).

In total 72% of the US federal budget goes towards social programs. Only 16% goes towards goes towards defense and international security assistance (whatever that is), 6% goes towards interest on the debt and the remaining 6% goes towards infrastructure and other.

As the US continues to increase its debt and with rising interest rates, the portion of the federal budget spent on interest will drastically increase. Rates are very low now but even slight increases will increase the US debt interest payments significantly.

The $20 trillion in debt also does not include the more than $100 trillion in estimated unfunded liabilities related to these social programs and government employee pensions.

Obama’s spending is immoral and has left the country with a tremendous burden especially when rates go up. What a mess Obama has left the US from his Presidency in debt alone!


This message has been edited 1 time(s).

Keep on rockin' in the free world

Replies to: ""...reduced each succeeding year under Obama ..." Reduced after he ran up the deceit (deficit) ..."

  • The silence coming from McConnell and Ryan is deafening re: Trump and the Russkis. - bbkingfish - 1:25pm 1/11/17 (44) [View All]
    • wrong--they are both against DT. Paying lip service because he won and in control. [NT] - Hank the Tank - 4:17pm 1/11/17
    • Not that much fun to have to admit that a foreign power illegally hacked a prez election to help you [NT] - Frank L - 2:22pm 1/11/17
    • Ryan, McConnell, Graham and McCain are RINO rats. [NT] - fredyo - 1:30pm 1/11/17
      • Trump is definitely the epitome of conservative values - ND_in_DRO - 2:43pm 1/11/17
        • Take a look at his team and tell me that is not a Conservative administration that he is - LTNDFAN - 5:23pm 1/11/17
        • It is his devout, humble, Christianity that they find irresistable. - bbkingfish - 2:47pm 1/11/17
          • Ha! [NT] - NedoftheHill - 3:30pm 1/11/17
        • That trillion dollar stimulus on top of the tax cut is very Republican and fiscally responsible. [NT] - Frank L - 2:46pm 1/11/17
          • Kinda' like Ohomo managing to run up our debt to $20 Trillion.... - fredyo - 2:54pm 1/11/17
            • And what makes you think Trump will be different? Ultimate RINO on spending. [NT] - Frank L - 3:14pm 1/11/17
              • Thx for answering my question. [NT] - fredyo - 3:18pm 1/11/17
                • I knew you could figure out that the answer is never when he will be adding trillions to it. - Frank L - 3:20pm 1/11/17
                  • Concern about the national debt is only a conservative value when a Dem is in the WH. [NT] - ND_in_DRO - 3:23pm 1/11/17
                  • There is so much fat to be trimmed that he doesn't need to raise the debt. [NT] - fredyo - 3:22pm 1/11/17
                    • and how many times has that been said? He won't save trillions that way. [NT] - Frank L - 3:25pm 1/11/17
                      • So how did we get to the $20 Trillion mark? - fredyo - 3:29pm 1/11/17
                        • Big unfunded ground wars by Bush in Iraq and Afghanistan, plus re-building of roads,schools, - bbkingfish - 4:59pm 1/11/17
                          • "...reduced each succeeding year under Obama ..." Reduced after he ran up the deceit (deficit) ... - fredyo - 5:23pm 1/11/17
                            • Tax revenues plummetted after the Bush 2008 recession. Big deficits followed in 2009. - bbkingfish - 6:00pm 1/11/17
                              • Once again you missed the mark. Clinton basked in the Bush policies that created a surplus... - fredyo - 6:33pm 1/11/17
                        • You are arguing with the wrong person if you want a defense of Obama spending. - Frank L - 3:45pm 1/11/17
                          • How do you figure? 72% of Ohomos deficit is from social programs. Expect a MAJOR cut in those.... - fredyo - 3:50pm 1/11/17
                            • No way. He is not going to cut entitlements or social spending. [NT] - Frank L - 3:58pm 1/11/17
                              • And just how are you privy to this? [NT] - fredyo - 4:00pm 1/11/17
                                • He has said he won't touch entitlements which is where most of those trillions go, and - Frank L - 4:48pm 1/11/17
                                  • OIC...so suddenly you believe in what he says? Man, you are too much. (;=D) [NT] - fredyo - 4:54pm 1/11/17
                        • Billionaires not paying their taxes? [NT] - Rooney - 3:33pm 1/11/17
                          • WOW! You are some math wiz. Please allow me to help... - fredyo - 3:37pm 1/11/17
                            • Quick question. - Rooney - 3:56pm 1/11/17
                              • Ohomo Has Collected $18,764,164,000,000 in Taxes--$124,003 Per U.S. Job... - fredyo - 4:08pm 1/11/17
                                • $9 trillion here...$9 trillion there...pretty soon you're talking about serious money... [NT] - TakethetrainKnute - 4:27pm 1/11/17
                                  • Thank you, Mr. Dirksen... - fredyo - 4:41pm 1/11/17
                            • Admittedly I'm not good with numbers. - Rooney - 3:52pm 1/11/17
                              • I know that and I was being sarcastic. Still friends? [NT] - fredyo - 3:53pm 1/11/17
                                • 9. [NT] - Rooney - 3:57pm 1/11/17
                                  • How cheeky of you. [NT] - fredyo - 3:59pm 1/11/17
      • Trump has been a republican for all of 10 minutes and you bow to your king. RINO indeed. [NT] - Rocket91 - 1:55pm 1/11/17
        • I've been a registered Republican since 1972, Bozo. Always vote straight tix.... - fredyo - 2:19pm 1/11/17
      • What Trump is experiencing is called "just deserts." - bbkingfish - 1:42pm 1/11/17
        • WRONG! They are traitors to the party. Just wait until Lindsey Graham is exposed for... - fredyo - 2:22pm 1/11/17
          • No real Republican can be gay? [NT] - ND_in_DRO - 2:44pm 1/11/17
            • Nonsense. Caitlyn Jenner is a Republican...and she's a lesbian now...I think... [NT] - TakethetrainKnute - 2:50pm 1/11/17
            • Only with you, apparently. [NT] - fredyo - 2:45pm 1/11/17
        • "Just deserts"...probably another consequence of Global Warming... [NT] - TakethetrainKnute - 1:54pm 1/11/17
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