IT'S OFFICIAL: The Government Has Shut Down, And Here's The GOP's Next Move

[The Nature Boy 4,224]

Reagan tripled the national debt during his two terms in office. Bush Jr. managed to doubled it during his two terms. Obama will neither double, let alone triple the national debt.

Quick I am falling chute won't open. Throw out a Reagan bush blame. Really ? So predictable if I was not at the Asian hair salon I would give you a letter

[The Nature Boy 4,224]

If you're gonna make that argument, then you should say that the federal debt stood at 289 billion when obama was born and will likely be somewhere in the $50 trillion range by the time he kicks the bucket. Then you can hold Obama accountable for that $49.7 trillion dollars in debt accumulated over his life time.

Just blame it on Reagan. People still roll their eyes and think your deranged but the won't be talking intervention

[Penny Lane 8,159]

A) It's pretty hard to talk about national debt and not talk about the Presidents that came before the current one.

B) I'm pretty sure someone ASKED about Reagan's numbers...

[RGinWA 816]

A) It's pretty hard to talk about national debt and not talk about the Presidents that came before the current one.

B) I'm pretty sure someone ASKED about Reagan's numbers...

But this is Senator Obama's fault.

Yet don't count previous presidents.

[Penny Lane 8,159]

Quick I am falling chute won't open. Throw out a Reagan bush blame. Really ? So predictable if I was not at the Asian hair salon I would give you a letter

Karee asked about Reagan in response to Harpa. Maybe you should read the thread before making silly statements like this?

[The Nature Boy 4,224]

Karee asked about Reagan in response to Harpa. Maybe you should read the thread before making silly statements like this?

You know..wait never mind

your right

[Karee 4,191]

Starting national debt for Obama was roughly $12 trillion, not $10 trillion. Added debt over the first term was somewhat over $4 trillion not $6 trillion. The national debt is on track to add a total of $6 trillion over the two Obama terms. That is the same amount added by his predecessor. Only $6 trillion dollars was a lot more relative to the size of our economy in the 2000's then it is and will be in the 2010's. Same goes for the $2 trillion added by the Gipper in the 1980's against a $4 trillion economy (at mid-point) vs. $6 trillion added by Obama against a $15 trillion economy (at midpoint).

Here's some numbers for you:

Here are the ratios of deficit to GDP for the past five presidents:

Ronald Reagan

1981-88 4.2 %

1982-89 4.2

Average 4.2

George H. W. Bush

1989-92 4.0

1990-93 4.3

Average 4.2

Bill Clinton

1993-2000 0.8

1994-2001 0.1

Average 0.5

George W. Bush

2001-08 2.0

2002-09 3.4

Average 2.7

Barack Obama

2009-12* 9.1

2010-12 8.7

Average 8.9

*fiscal 2012 ends Sept. 30, 2012, so this figure is estimated

Source: Economic Report of the President, February 2012

Since you want to compare different times, I'd say a defecit to GDP ratio is a pretty fair way to do it. Doesn't look good for the Kenyan. He's worse than my ex at using the national credit card. I bet he doesn't even have a closet full of never worn clothes to show for it.

Source:

http://www.forbes.com/sites/jamesglassman/2012/07/11/the-facts-about-budget-deficits-how-the-presidents-truly-rank/

[The Nature Boy 4,224]

Here's some numbers for you:

Since you want to compare different times, I'd say a defecit to GDP ratio is a pretty fair way to do it. Doesn't look good for the Kenyan. He's worse than my ex at using the national credit card. I bet he doesn't even have a closet full of never worn clothes to show for it.

Source:

http://www.forbes.com/sites/jamesglassman/2012/07/11/the-facts-about-budget-deficits-how-the-presidents-truly-rank/

Never thought I would miss Bill C

[Mr. Big Dog 10,747]

Was the 4 year old Obama on the Grassy Knoll as well?

Do you have to ask? Of course. He flew in from Kenya and plotted the whole thing to set up his eventual ascention to the highest office in the land.

[Mr. Big Dog 10,747]

Here's some numbers for you:

Since you want to compare different times, I'd say a defecit to GDP ratio is a pretty fair way to do it. Doesn't look good for the Kenyan. He's worse than my ex at using the national credit card. I bet he doesn't even have a closet full of never worn clothes to show for it.

Source:

http://www.forbes.com/sites/jamesglassman/2012/07/11/the-facts-about-budget-deficits-how-the-presidents-truly-rank/

None of that invalidates any of the numbers I have posted.

09/30/1981 997,855,000,000.00 09/29/1989 2,857,430,960,187.32

The delta here is 1.86 trillion or 186% of the starting debt. That's the Gipper.

09/30/2001 5,807,463,412,200.06 09/30/2009 11,909,829,003,511.75

The delta here is 6.1 trillion or 105% of the starting debt. That's Bush Jr.

09/30/2009 11,909,829,003,511.75 09/30/2012 16,066,241,407,385.89 09/30/2017 19,000,000,000,000.00*

est.

The delta here is 7.1 trillion or 60% of the starting debt. That's Obama assuming that the CBO projections turn out about right.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm

[Karee 4,191]

None of that invalidates any of the numbers I have posted.

09/30/1981 997,855,000,000.0009/29/1989 2,857,430,960,187.32

The delta here is 1.86 trillion or 186% of the starting debt. That's the Gipper.

09/30/2001 5,807,463,412,200.0609/30/2009 11,909,829,003,511.75

The delta here is 6.1 trillion or 105% of the starting debt. That's Bush Jr.

09/30/2009 11,909,829,003,511.7509/30/2012 16,066,241,407,385.8909/30/2017 19,000,000,000,000.00*

est.

The delta here is 7.1 trillion or 60% of the starting debt. That's Obama assuming that the CBO projections turn out about right.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm

OK so then you agree that as a percentage of GDP, no one in the last 50 years has added more to the debt than Obama? Ohh and sorry, I don't buy 5 year predictions. I don't care who is doing the forecasting. I'd love to see the 2005 5 year budget forecasts.

[Mr. Big Dog 10,747]

OK so then you agree that as a percentage of GDP, no one in the last 50 years has added more to the debt than Obama?

Where do you see that in the numbers?

[Karee 4,191]

Where do you see that in the numbers?

http://www.visajourney.com/forums/topic/457592-its-official-the-government-has-shut-down-and-heres-the-gops-next-move/?p=6552606

[Janelle2002 3,865]

Here's some numbers for you:

Since you want to compare different times, I'd say a defecit to GDP ratio is a pretty fair way to do it. Doesn't look good for the Kenyan. He's worse than my ex at using the national credit card. I bet he doesn't even have a closet full of never worn clothes to show for it.

Source:

http://www.forbes.com/sites/jamesglassman/2012/07/11/the-facts-about-budget-deficits-how-the-presidents-truly-rank/

Not good for the Kenyan or not good for the Hawaiian?

[RGinWA 816]

Do you have to ask? Of course. He flew in from Kenya and plotted the whole thing to set up his eventual ascention to the highest office in the land.

And the reason there is no record of the flight is because in 1963 lap children were not logged on the planes manifest.

That Obama is one slick mother.