quote:

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

(CNSNews.com) - President Barack Obama will leave the federal government approximately $9,335,000,000,000 deeper in debt than it was when he took office eight years ago, according to data released today by the U.S. Treasury.

The increased debt incurred under Obama equals approximately $75,129 for every person in the United States who had a full-time job in December.

The $9,334,590,089,060.56 that the debt had increased under Obama as of the close of business on Wednesday is far more debt than was accumulated by any previous president. It equals nearly twice as much as the $4,889,100,310,609.44 in additional debt that piled up during the eight years George W. Bush served as president.

http://www.cnsnews.com/news/article/terence-p-jeffrey/obama-leaves-usa-9335000000000-deeper-debt

quote:

ORIGINAL: Lucylastic

Donald Trump says he wants to cut taxes for every income level, but that plan could cost the federal government $9.5 trillion over 10 years and send the national debt through the roof.

A new analysis by the Tax Policy Center found that Trump’s plan to cut tax rates for all individuals could create big incentives to save and invest, but it also would add lots of red ink to the government’s books by 2026, violating Trump’s pledge to cut rates without adding to the debt or deficit.

“If you wanted to cut spending to offset these tax cuts you’d have to eliminate all of national defense and still a bunch of discretionary spending or spending on Medicare and Social Security to do it.” said Tax Policy Center Director Leonard Burman on a Tuesday call with reporters.
https://www.washingtonpost.com/news/powerpost/wp/2015/12/22/a-9-5-trillion-price-tag-for-trumps-tax-plan/?utm_term=.30d32c8703e8

We all know that it wont "just be " 9.5 trillion
There might be a few more billionaires than 8 richer than 3.5 billion people

hurry guys youve only got ten years to make it....
for the 150 million in the US earning under 30 thousand a year??? tough shit

quote:

ORIGINAL: vincentML

~FR~

The first fiscal year of Obama's presidency ended on September 30th, 2009. That budget was created by GW Bush. Subtracting that out, we find that Obama increased the Debt by $7.917 Trillion. This was a 68% increase. Part of that was due to mandatory social safety net increases, an increase of the DOD budget, reduced tax revenues from the Great Recession, and a stimulus package aimed at successfully slowing the GR.

OTOH, GW Bush increased the Debt by 101%

LINK

quote:

ORIGINAL: MasterBrentC

President Trump also said he's gonna cut federal employees by 20%. The savings alone by not having to pay their salaries will be substantial. Personally I'd cut at least 60 or 70 % but that's just me.

quote:

ORIGINAL: BoscoX

quote:

ORIGINAL: Lucylastic

Donald Trump says he wants to cut taxes for every income level, but that plan could cost the federal government $9.5 trillion over 10 years and send the national debt through the roof.

A new analysis by the Tax Policy Center found that Trump’s plan to cut tax rates for all individuals could create big incentives to save and invest, but it also would add lots of red ink to the government’s books by 2026, violating Trump’s pledge to cut rates without adding to the debt or deficit.

“If you wanted to cut spending to offset these tax cuts you’d have to eliminate all of national defense and still a bunch of discretionary spending or spending on Medicare and Social Security to do it.” said Tax Policy Center Director Leonard Burman on a Tuesday call with reporters.
https://www.washingtonpost.com/news/powerpost/wp/2015/12/22/a-9-5-trillion-price-tag-for-trumps-tax-plan/?utm_term=.30d32c8703e8

We all know that it wont "just be " 9.5 trillion
There might be a few more billionaires than 8 richer than 3.5 billion people

hurry guys youve only got ten years to make it....
for the 150 million in the US earning under 30 thousand a year??? tough shit

Fake news. Ccongressional Republicans have vowed that any tax cuts have to be offset with spending cuts. There are probably going to be massive red ink cuts, we shall see

quote:

ORIGINAL: captive4ever

So that's the Trump job creation plan.....

quote:

ORIGINAL: MasterBrentC

President Trump also said he's gonna cut federal employees by 20%. The savings alone by not having to pay their salaries will be substantial. Personally I'd cut at least 60 or 70 % but that's just me.

quote:

If spending taxpayer money or trillions and trillions of new debt to "create jobs" really worked, imagine the endless possibilities for growth and prosperity

Unfortunately though, writing bad checks never ends well

quote:

ORIGINAL: BoscoX

quote:

ORIGINAL: vincentML

~FR~

The first fiscal year of Obama's presidency ended on September 30th, 2009. That budget was created by GW Bush. Subtracting that out, we find that Obama increased the Debt by $7.917 Trillion. This was a 68% increase. Part of that was due to mandatory social safety net increases, an increase of the DOD budget, reduced tax revenues from the Great Recession, and a stimulus package aimed at successfully slowing the GR.

OTOH, GW Bush increased the Debt by 101%

LINK

More fake news. For example, Obama collected record tax revenues [/link]

quote:

ORIGINAL: WickedsDesire

thanks for those earlier figures vincentML saved me having to work it out.

Anyhoos the genius utter nutter is going to save trillions and trillions of dollars, or was he going to spend trillions and trillions of dollars - his speech confused my logic circuits

quote:

ORIGINAL: BoscoX

Did you expect patriotism from the "liberal" who called George W. Bush's debt "unpatriotic"

quote:

Obama Leaves U.S.A $9,335,000,000,000 Deeper in Debt

(CNSNews.com) - President Barack Obama will leave the federal government approximately $9,335,000,000,000 deeper in debt than it was when he took office eight years ago, according to data released today by the U.S. Treasury.

The increased debt incurred under Obama equals approximately $75,129 for every person in the United States who had a full-time job in December.

The $9,334,590,089,060.56 that the debt had increased under Obama as of the close of business on Wednesday is far more debt than was accumulated by any previous president. It equals nearly twice as much as the $4,889,100,310,609.44 in additional debt that piled up during the eight years George W. Bush served as president.

http://www.cnsnews.com/news/article/terence-p-jeffrey/obama-leaves-usa-9335000000000-deeper-debt

quote:

ORIGINAL: vincentML

quote:

ORIGINAL: WickedsDesire

thanks for those earlier figures vincentML saved me having to work it out.

Anyhoos the genius utter nutter is going to save trillions and trillions of dollars, or was he going to spend trillions and trillions of dollars - his speech confused my logic circuits

You be welcome, Wicked. The last business man we had for president was a fellow named Herbert Hoover. Like the current dude Herbert established protectionist policies, signing the Smoot-Hawley Tariff Act in 1930. The stock markets fell even further in 1931 and the Recession became the Great Depression. Truth be told, our farmers had been in recession hroughout most of the 1920s, losing their lands to the banks. Oh, fuck!!! Sounds familiar, don't it?