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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (622112)7/29/2011 9:40:45 PM
From: Sdgla3 Recommendations  Read Replies (1) of 1574784
 

How much did Bush II add to the national debt.....how many trillions? 5-6-7?
but now that it's increased to 14 trillion under Obama, the GOP is screaming for a constitutional amendment........never noticed it before...










In his first three budgets, Obama borrowed nearly $5 trillion. Currently, the government is borrowing about 45 percent of everything that it spends. Obama's projected 10-year plan would add nearly $10 trillion to existing U.S. debt. This spring he proposed the largest annual deficit in U.S. peacetime history, which is why his $3.7 trillion budget for 2012 was rejected in the Senate by a 97-0 vote.

In other words, under Obama, the government during the last three years has borrowed on average about $4 billion each day. That staggering sum is far in excess of the $1.6 billion per day during the eight-year tenure of George W. Bush, who until Obama's presidency had borrowed more than any peacetime president.


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