Comments on: Obama’s Doubling of National Debt in Pictures http://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/ The Foundry promotes conservative policies and principles by offering the best in public policy research with the day’s current events. The Foundry is published by The Heritage Foundation. Sat, 20 Mar 2010 12:54:14 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: paulhttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-86828 paul Thu, 04 Feb 2010 03:27:55 +0000 http://blog.heritage.org/?p=4547#comment-86828 I believe it is misleading to say "obama's spending plans" will double the debt. The spending that will double the debt is primarily due to the "spending plans" of past administrations. The primary drivers of the national debt are (i) interest on the existing debt, (ii) medicare, (iii) social security, (iv) national security, along with plunging tax revenues due to the economic crisis. They are most certainly not Obama's spending plans.This is not to say that Obama's spending plans won't add to the national debt over the next ten years. They will. But honest debate requires a discussion of what Obama is proposing in light of the dire economic and fiscal situation that we face, rather than trying to fully blame the situation on him. I believe it is misleading to say “obama’s spending plans” will double the debt. The spending that will double the debt is primarily due to the “spending plans” of past administrations. The primary drivers of the national debt are (i) interest on the existing debt, (ii) medicare, (iii) social security, (iv) national security, along with plunging tax revenues due to the economic crisis. They are most certainly not Obama’s spending plans.

This is not to say that Obama’s spending plans won’t add to the national debt over the next ten years. They will. But honest debate requires a discussion of what Obama is proposing in light of the dire economic and fiscal situation that we face, rather than trying to fully blame the situation on him.

]]> By: soule, idahohttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-57073 soule, idaho Wed, 23 Sep 2009 15:17:13 +0000 http://blog.heritage.org/?p=4547#comment-57073 How to lie with numbers 2: Somehow president Obama is given 10 years to create his debt. If Obama gets credit for 2018 then Bush should get credit for 2010. Oh wait the 2010 budget has Bush's signature on it (literally). Presidents are limited to 8 years by the Constitution. Think people think. How to lie with numbers 2: Somehow president Obama is given 10 years to create his debt. If Obama gets credit for 2018 then Bush should get credit for 2010. Oh wait the 2010 budget has Bush’s signature on it (literally). Presidents are limited to 8 years by the Constitution. Think people think.

]]> By: soule, idahohttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-57066 soule, idaho Wed, 23 Sep 2009 15:10:18 +0000 http://blog.heritage.org/?p=4547#comment-57066 How to lie with numbers:public rather than total debt -- since the social security trust fund is gone all deficit funding is now public debt making the graph jump up. How to lie with numbers:public rather than total debt — since the social security trust fund is gone all deficit funding is now public debt making the graph jump up.

]]> By: Cam, Gahttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-42157 Cam, Ga Tue, 14 Jul 2009 21:13:59 +0000 http://blog.heritage.org/?p=4547#comment-42157 Aaron,You make me wonder what (had they not been thinking something along the lines of what you said, in response to Phil) the redcoats must have had running through their heads when we fought for our independence. It couldn't possibly be anything like what you just said, of course... Aaron,

You make me wonder what (had they not been thinking something along the lines of what you said, in response to Phil) the redcoats must have had running through their heads when we fought for our independence. It couldn’t possibly be anything like what you just said, of course…

]]> By: Sean, NJhttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-31288 Sean, NJ Thu, 07 May 2009 12:09:06 +0000 http://blog.heritage.org/?p=4547#comment-31288 Aaron, i agree with Phil, and im what those who believe in putting all political/economic philosphy onto an imaginary 1-dimensional line would call "far left."have a nice day Aaron, i agree with Phil, and im what those who believe in putting all political/economic philosphy onto an imaginary 1-dimensional line would call “far left.”

have a nice day

]]> By: Aaron, Tomball, TXhttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-29723 Aaron, Tomball, TX Tue, 28 Apr 2009 15:58:14 +0000 http://blog.heritage.org/?p=4547#comment-29723 Phil from S.C."Thomas Jefferson said…” The tree of Liberty, from time to time, must be refreshed with the blood of Patriots and Tyrants.” It is now that “time”. The only way to regain control of our nation is to put fear of the citizenry back into the hearts of our elected Masters."This is the kind of frightening rhetoric coming from the right that will leave impressionable minds with the idea of doing something downright extreme as their "patriotic duty." Phil from S.C.

“Thomas Jefferson said…” The tree of Liberty, from time to time, must be refreshed with the blood of Patriots and Tyrants.” It is now that “time”. The only way to regain control of our nation is to put fear of the citizenry back into the hearts of our elected Masters.”

This is the kind of frightening rhetoric coming from the right that will leave impressionable minds with the idea of doing something downright extreme as their “patriotic duty.”

]]> By: Aaron, Tomball, TXhttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-29703 Aaron, Tomball, TX Tue, 28 Apr 2009 14:35:23 +0000 http://blog.heritage.org/?p=4547#comment-29703 I am laughing at the right wing paranoia as I read these comments. Should the blue collar worker who works 2 jobs to feed his family or the school teacher who educates our children, be taxed proportionally more than the unscrupulous businessman or heiress? Yeah, they don't work, lol.Should Health Care be restricted to only those who can afford it? Oh, Oh, but the its the market forces at work when an insurance company charges outrageous prices for questionable coverage. Gotta love a greedy profit-driven health care system.While I'm no fan of Obama, some of these blanket statements of panic coming from the right are down right scary (worse than those coming from the liberal left during the years of Bush's corrupt administration).Simply put, a percentage of tax on the working classes is much greater proportionally than that percentage is on the wealthy. I have no sympathy for them. I am laughing at the right wing paranoia as I read these comments. Should the blue collar worker who works 2 jobs to feed his family or the school teacher who educates our children, be taxed proportionally more than the unscrupulous businessman or heiress? Yeah, they don’t work, lol.

Should Health Care be restricted to only those who can afford it? Oh, Oh, but the its the market forces at work when an insurance company charges outrageous prices for questionable coverage. Gotta love a greedy profit-driven health care system.

While I’m no fan of Obama, some of these blanket statements of panic coming from the right are down right scary (worse than those coming from the liberal left during the years of Bush’s corrupt administration).

Simply put, a percentage of tax on the working classes is much greater proportionally than that percentage is on the wealthy. I have no sympathy for them.

]]> By: Ann, Mohttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-25287 Ann, Mo Thu, 02 Apr 2009 22:11:15 +0000 http://blog.heritage.org/?p=4547#comment-25287 Obama cares nothing for those he says he is trying to help, while he takes our money. He is in it purely for the power. He wants us all to fall in line and make us all indentured servants. But I don't think he understands the American spirit. Do not be discouraged and trust in the Lord. Obama cares nothing for those he says he is trying to help, while he takes our money. He is in it purely for the power.
He wants us all to fall in line and make us all indentured servants. But I don’t think he understands the American spirit. Do not be discouraged and trust in the Lord.

]]> By: Phil Lucas Greenwood, S.C.http://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-24444 Phil Lucas Greenwood, S.C. Tue, 31 Mar 2009 13:20:35 +0000 http://blog.heritage.org/?p=4547#comment-24444 Thomas Jefferson said..." The tree of Liberty, from time to time, must be refreshed with the blood of Patriots and Tyrants." It is now that "time". The only way to regain control of our nation is to put fear of the citizenry back into the hearts of our elected Masters. Thomas Jefferson said…” The tree of Liberty, from time to time, must be refreshed with the blood of Patriots and Tyrants.” It is now that “time”. The only way to regain control of our nation is to put fear of the citizenry back into the hearts of our elected Masters.

]]> By: Loretta in Coloradohttp://blog.heritage.org/2009/03/27/obamas-doubling-of-national-debt-in-pictures/#comment-24349 Loretta in Colorado Mon, 30 Mar 2009 21:03:32 +0000 http://blog.heritage.org/?p=4547#comment-24349 President Obama is obviously too bright to be bankrupting America out of ineptness so the only conclusion left is by intention! The motivation behind intentionally bankrupting this country is abominable! President Obama is obviously too bright to be bankrupting America out of ineptness so the only conclusion left is by intention! The motivation behind intentionally bankrupting this country is abominable!

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