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Message Subject President Obama: The Biggest Government Spender In World History
Poster Handle Anonymous Coward
Post Content
The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today.

[link to www.forbes.com]

1dunno1
 Quoting: Anonymous Coward 2257547


I wish you read the first comment on the forbes website that explains it all to you OP. But im guessing you didn't. Oh well here it is read it slowly you will understand...

daviddelosangeles 2 days ago

Hello djvanderhoeven,

The problem Mr. Obama faces is that all of that debt was created by Republicans. When Mr. Bush came into office in January 2001, there was no deficit at all, there was a 100 BUSD surplus, and the debt was a fraction of what it is today. Within in just a year or two the surplus vanished and the debt and deficit were skyrocketing. Mr. Bush and the Republican controlled congress had launched two wars but did not want to raise taxes to pay for them so they borrowed all of the money. Mr. Bush of course believed that the oil revenues from Iraq would pay for the cost of the war, which of course did no happen.

On top of all of this, Mr. Bush introduced the Medicare Part D prescription drug plan which cost billions of dollars (with an eye to buying some votes) but again refused to raise taxes to pay for this bill. Let us go a step further, on December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, (H.R. 4853) a bill passed by the Republican controlled house that extended tax cuts to the wealthiest Americans while extending unemployment benefits to millions of Americans. It does not take a mathematical genius to realize that if benefits are extended and taxes cut, the deficit will be increased.

Conservatives and Republicans like to talk about “cutting government” but they do the exact opposite. In 1978 the US government budget was set at 478 BUSD while in 1988, after two terms of Ronald Reagen it was 1,118.5 BUSD. In 2008, after two terms of George W. Bush, it had increased to 2,537.9 BUSD.

The vast majority of the debt and deficit that can be seen today are Republican creations.
 Quoting: Anonymous Coward 1507079



No need to blame me for the state of the country - I don't believe Bush was any better…
 Quoting: Anonymous Coward 2257547


really OP you seem pretty sure that Obama is the worst. "The U.S. has never before had a President who thinks so little of the American people"

Just be careful whe you pass judgement sometimes you miss some facts...
pigchef I was the best President.
 Quoting: Anonymous Coward 1507079



really idiot…


That was a quote from the story, not from me. Has reading comprehension always been a challenge for you?
 
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