National Debt by President (Reagan through Obama)

[djvodkatwist]

Clinton was able to create his budget with a Democratic Congress. Republicans take credit after the fact. Bush had a Republican Congress to pass his budget- if Republicans are responsible in the least for the surplus Bush was handed- where did it go and why couldn't they do the same thing on their own?

Their policies were not meant to balance but to bankrupt the budget to force cuts to pension programs like Social Security and medicare.

[scepticsteve]

I agree with most of what you show. Clinton NEVER had a single year of surplusses if you look at national debt and not accounting tricks (robbing trust funds and replace them with IOUs). And it's a mystery why the fans of big spending suddenly like that Clinton lie about surplusses.

The fact is that presidents don't make budget laws. Congress does. For example Reagan didn't get a single budget through a hostile congress. Still, at the end of his term percentage of fed gov was slightly smaller.

[OversightOfGovt]

@scepticsteve I need to update the video.

OBAMA's debt is up to 3.3T as of 9/30/11

Thanks to BIPARTISAN COOPERATION however, Obama, if reelected is projected to add 7.4 TRILLION to our debt, which is DOWN SIGNIFICANTLY by 2 TRILLION just from JANUARY 2011 CBO projections of 9.4 TRILLION.

While you're DEFINITELY CORRECT that TRUST FUND surpluses (mainly SS) get SPENT, the "total deficit" is made to look smaller, and what's owed to the TRUST FUND is simply put on our NATIONAL CREDIT CARD,...

[OversightOfGovt]

@scepticsteve

...of the 4 SURPLUSES that CLINTON had, 3 of them were REAL.

Here are the numbers:

FY 98 --TOTAL surplus: 70B, before Trust Fund Surplus is added: -29B DEFICIT

FY 99 --TOTAL surplus: 124B, before Trust Fund Surplus is added: 1B SURPLUS

FY 00 --TOTAL surplus: 236B, before Trust Fund Surplus is added: 86B SURPLUS

FY 01 --TOTAL surplus projected (Jan. '01): 281B, before Trust Fund Surplus is added (projected): 125B SURPLUS

I used GROSS FEDERAL DEBT numbers in the video...

[OversightOfGovt]

@scepticsteve

....because you can't play tricks with that number EXCEPT the way REPUBLICANS attribute ALL of FY 09 debt to OBAMA,

when in reality, according to the CBO (JAN. 09), our GROSS FEDERAL DEBT was projected to be at 11.529T at the END of the Fiscal Year on 9/30/09; OBAMA turned in an 11.874T DEBT on that date.

The prior year on 9/30/08 our GROSS FEDERAL DEBT was at 9.986T. So BUSH was responsible for 1.543T of the 1.888T added to our DEBT in FY 2009; OBAMA: the remaining 345B

[scepticsteve]

@OversightOfGovt As I said, congress is mainly responsible for budgets and spending. But I agree that Bush was a big spender. But we can hardly say "Republicans" are the ones to blame. Some are, but Democrats always have a supermajority of monster spenders. so Republicans are guilty, but Democrats are guilty as hell.

[YIRMASTER]

@OversightOfGovt Once again trickery, Obama is playing games by accounting for most of his debt to be payable several years down the road after elections so that it APPEARS that he didn't add too too much debt but in reality you have to account for it originating from Obama's administration and the democrat congress who supported him to do more spending on credit where the bill doesn't come for a few years. Obama has added more debt to our nation than all previous presidents COMBINED!!!

[scepticsteve]

@OversightOfGovt I think that's wrong. Source is Treasury: Date   National Debt 09/30/2001 5,807,463,412,200.06 09/30/2000 5,674,178,209,886.86 09/30/1999 5,656,270,901,615.43 09/30/1998 5,526,193,008,897.62 09/30/1997 5,413,146,011,397.34 09/30/1996 5,224,810,939,135.73 09/29/1995 4,973,982,900,709.39 09/30/1994 4,692,749,910,013.32 09/30/1993 4,411,488,883,139.38 09/30/1992 4,064,620,655,521.66 As you can see, every single year the debt grew. Not a single real surplus

[scepticsteve]

@OversightOfGovt Sorry for bad format, I tried, but failed to accomplish a better view. But according to treasury

treasurydirect (dot) gov/govt/reports/pd/histdebt/h­istdebt_histo4.htm

not a single year the national debt didn't grow. just adding and subtracting positions leads you into the next accounting trick. Aggregated numbers show reality, imho.

[mountain19]

start investing in this country which at one time was the bread basket of the world until corporations paid our farmers not to grown telling congress they were not making much profits due to the wealth of food we once produced along w/bring manufactoring back to cloth our own! what u think? this vid. is propaganda!

[vechorik]

The Debt Ceiling under President Reagan was raised eighteen times to a total of $1.85 trillion (See Table 7.3). This is less than the $3 trillion-plus already raised under President Obama! Raising the Ceiling 18 times during the eight Reagan years meant a Ceiling battle every 5.3 months (on average), with an average rise of only $102 billion per increase. So… does Obama really want to get the Reagan Treatment?

[nomicons]

Comic Sans doesn't help your credibility. Now I can't share this with anyone and expect them to take it seriously! This is the federal budget, not a lemonade stand!

[OversightOfGovt]

@nomicons Actually, the FONT used is "CHALKBOARD" not "Comic Sans"

So share away

The goal was to use EASY to READ font, since there's a bit of reading & comprehension necessary

[Maxxtor7]

It's very obvious that when ever we have a republican president in office he takes money from the poor and gives it to the rich in tax cuts. Then the rich create jobs via NAFTA and other treaties in China, India, the Philippines and so on and so on. While increasing the unemployed here in the U.S. When they create new jobs over in East Asia you have 3.5 billion new customers.....who care about 310 million Americans when you have that many possible new customers!

[Balian49]

This is why I am insulted when Republicans claim the Democrats are to blame for the debt

[Fashionificationful]

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627. The debt/GDP increased by 27.1% in eight years of office (It was 83.4% when he left office).

.

Obama claims that his spending is reasonable better than Reagan. He proposed 3.7 Trillion with a deficit of 1.4 Trillion for 2011. Currently based on usdebtclock org, the debt/GDP is 97.2%. Obama in two years of office increased the debt/GDP by 13.8%.

.

Allen West 2012