The Mudcat Café TM
Thread #118031   Message #2559095
Posted By: pdq
06-Feb-09 - 11:36 AM
Thread Name: BS: Obama Honeymoon lasts 3 days
Subject: RE: BS: Obama Honeymoon lasts 3 days
It took President Reagan 8 years (1982-90) to raise the US National Debt by 1.6 trillion dollars.

Bill Clinton increased the same debt by similar 1.4 trillion during the 8 years for which he was responsible (1994-2002).

Obama was the driving force behaind the $700 billion "bailout package" and has more proposed. The new "stimulius package" is getting close to 900 billion and growing daily. He says that those who do not want his legislation passed are irresponsible.

Both parts of the "bailout/stimulus package" will totat 1.6 trillion dollars. Since we have "deficit spending" at the Federal level anyway, that 1.6 trillion dollars go directly on to our National Debt.

Great, Obama. You seem to want to top Ronald Reagan's 8 years of deficit spending and do it in a matter of months.