Comments on: President Obama’s Unprecedented Debt

By: Grey's Matter

Grey's Matter — Tue, 27 Jul 2010 12:27:48 +0000

Unprecedented Debt…

The current lack of energetic leadership in directing tax policy may help to explain why Obama has failed to recommend ideas for tax reforms since his days in the Senate…….

By: Barry, Louisville

Barry, Louisville — Tue, 22 Dec 2009 16:00:51 +0000

GW inherited a budget surplus, ran up the deficit to record amounts to a record amout of over $400 billion in 2004. He took our debt as a percent of GDP from about 55% to almost 75%…and as his last act sent almost a trillion dollars up to the guys that assisted in almost wrecking our financial industry…

You can hate all you want, but to lay this at the doorstep of the new President show a lack of intelligence.

By: Daryl Oregon

Daryl Oregon — Sun, 30 Aug 2009 21:02:13 +0000

OBAMA-Nation is here. With a full house and senate of democRATS he won't be stopped,,,,,,without impeachment!

By: Glen, FL

Glen, FL — Mon, 06 Jul 2009 14:49:31 +0000

Michael, your parents should be arrested for child abuse. Seriously.

By: Glen, FL

Glen, FL — Mon, 06 Jul 2009 14:48:00 +0000

You folks want to repeat the mistakes of the depression now don't you? Education is not as dangerous as it sounds.

By: The Hill’s Blog Briefing Room » MORNING READ

The Hill’s Blog Briefing Room » MORNING READ — Fri, 26 Jun 2009 18:45:39 +0000

[...] Queen Noor, HuffPo Hillary’s New Crusade – M. Goldberg, Daily Beast Get ReWrite – J. Marshall, TPM Obama’s Unprecedented Debt – S. Keen, The Foundry Obama’s Efforts to Ratchet-Down Partisanship – Matthew Yglesias The [...]

By: Michael Bunsick, MA

Michael Bunsick, MA — Thu, 18 Jun 2009 19:47:45 +0000

Mr.Obama is ruining my future for success in many ways. I am only 12 years old and I have enough to worry about I do not want to be worrying about my taxes I will be paying in 8 years. I will all ready have to pay for the baby boomers social security (because the government used it all on their stupid "pograms"). Then after paying their social security I will have to pay for Obama's 787billion porkulus bill. and all the other stupid taxes. one day when I menchened that obama is stealing our future I got suspended for lieing.

By: Ryan, PA

Ryan, PA — Wed, 17 Jun 2009 20:37:49 +0000

For the first time in my life, I am sincerely doubting what the future holds for me, my wife, future children, and the generations after me.

The power grab that is taking place in Washington at an unprecedented speed is shocking at best. I can only conclude it is a power grab and nothing else. I believe many people who were fooled by the President's charisma and intellectual appeal must at some point ask themselves 'What have we done?'. The irony of it all is they will feel the same burdens as the rest of us in the long run.

Rush Limbaugh, I believe, is correct regarding the President's psyche in that he is 'an angry man and inherently believes America is a bad place and he is here to 'right' all the wrongs' (Not verbatim but sums it up)

He has completely disregarded the Constitution, along with Congress, on everything he has done. Congress is equally, if not more, complicit in this as well.

I cannot believe either political party could not muster up better political candidates who can provide this country the leadership it so desperately needs today.

By: bess,TN

bess,TN — Sat, 13 Jun 2009 03:01:14 +0000

Now, Now, Archie1954. Join the real world.

I would have liked to see Bush use the veto on more than one occasion, but this whole financial meltdown started on Clinton's watch with the doubling down on Carter's disastrous CRA and Frank $90M Raines along for the ride. Under Rubin we witnessed the rise in credit default swaps that would go from $0 to $60T over the next 10 years (hello AIG).

In dealing with the economic problems resulting from 9/11 and with the collapse of Enron, Bush did not try to step in and take over the airlines or to interfere with the necessary market adjustments. He instead tried to create an atmosphere of recovery.

I never once heard Bush place the appropriate blame on his predecessor, which contrasts sharply with the current administration's playing the blame game of "pass the buck". Now BO has spent our grandchildren into debt and each day takes new steps that will insure a sharp rise in both unemployment and interest rates. You think the last 8 years were bad, in the president's own words "you ain't seen nothing yet".

By: DNWord

DNWord — Fri, 12 Jun 2009 16:55:07 +0000

Archie 1954 has got it right. It would be nice if the new president could just push a button and restart the counter at zero, but this is real life, not a video game. Bush and cronies created the biggest national debt in history and left the U.S. economy in a shambles.

Only a simple mind would think Obama would not have to take extreme measures to deal with the mess they left for him. Only a twisted mind would try to blame him for it.