boards of FL wrote:KarlRove wrote:boards of FL wrote:PkrBum wrote:And obama has doubled the debt... what's your point?
Obama inherited a government with a budget deficit of over $1 trillion. We have seen the deficit improve significantly from that point. Not since WWII have we seen more rapid deficit reduction. You understand this, right?
Seeing someone throw out a comment like "Obama doubled the debt!" is like seeing someone say "The fire department covered my house in water!"
Yes. Yes they did.
No, he DOUBLED the national debt and only started reducing the yearly deficit with his TAX TAX TAX agenda.
Do you actually understand the relationship between annual deficits and running total debt? Your response suggests that you do not.
The BUDGET deficit is an estimate on paper. NO real dollars.
The DEBT are real dollars we owe.
During his term, the debt rose from $5.6 TRILLION (an obscene amount) to $10 TRILLION when President Obama took office. Now we are nearly $18 TRILLION in debt with TWO MORE YEARS TO GO.