Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (114691)	6/4/2012 9:17:47 AM
From: tonto	Read Replies (1) \| Respond to of 149317

March 19, 2012 6:55 PM Print Text National Debt has increased more under Obama than under Bush By Mark Knoller Topics Campaign 2012 (Credit: CBS) (CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency. The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office. The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day. The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.

To: ChinuSFO who wrote (114691)	6/4/2012 11:32:26 AM
From: RetiredNow	Respond to of 149317

Bush increased the debt much more than Obama. Why was there no hue and cry then? On the contrary folks cheered Bush along and even re elected him. It is war and the arms race that we are engaged in that causes money to evaporate. It is when people do not want to pay taxes and instead have their taxes lowered when we are fighting a war on a credit card. Actually, the debt has increased more in absolute terms under Obama, than under Bush. However, technically, it was Bush tax policies and unnecessary wars that have gotten things to spiral out of control. Then add to that, the financial crisis of criminality and fraud going on within our largest banks, and we have the perfect storm. Agree with most of your post. Stop the wars, pay more tax, then we can start to see a return to fiscal stability.