The Truth Behind The U.S. National Debt And Recent Presidents!!!

I have seen this U.S. National debt chart posted on facebook three times and I knew there was something wrong with what it was making people believe. Look at what I found with a little research.

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[raincityusa2010]

Cont. So the liabilities under established programs have increased, but the income has severly decreased, tax revenues for consumerism have fallin significantly... Obama should have been focusing on restructering, job creation, government cuts...etc. but he, like all other politicians, is sold out tot he powers that be, he's not a stong enough leader to do what needs to be done, not our congree/senate...

[MoneyBags73]

@raincityusa2010 You have some valid points but I still stand behind this country having a spending problem as opposed to an income problem.

[grraadd]

Just put there a chart with dollar (adjusted) values - for comparison

And maybe one with (adjusted) dollar/year spending

[MoneyBags73]

@grraadd Yeah might be interesting to do this chart with the purchasing power of the dollar at the beginning of the presidency and the end.

[danielvincentkelley]

You're smarter than this, no? This definitely reflects reality. Bush dropped a huge debt load on Obama and Obama barely built on it. I recognize Obama as a mass murderer and tyrant. I definitely am not trying to defend him. But what you're saying in this video is bullocks. Reagan was the first Prez to spend more than every Prezi-dent before him combined. Bush 9/11 2 front war. Obama didn't start anew any massive war campaign, thus his PERCENTAGE difference compared to what Bush put on him is low

[MoneyBags73]

@danielvincentkelley I love how people that blame Bush never seem to mention that he had a Democratic congress for his entire second term. I understand the percentages and what they represent quite clearly. You sound like someone who thinks you can save a drowning man by throwing more water on him. Maybe you need to research Austrian economics.

[lextalionis2001]

numbers can be interpreted. As a percent of the total for example. The numbers can also be manipulated on how you calculate the debt.

All of them are crooks

[jimbobubbadj]

Of course the democrat presidents have better numbers. How typical of the 2 party monster.

[zmc33]

@raincityusa2010

shitty thing is that a lot of that bailout money was spent shipping work and business out of the country! poor trade policies and ignorant and/or evil policy makers!

[zmc33]

'it's not a crisis, it's a plan'

[raincityusa2010]

, @MoneyBags73 , agreed, 100%

[raincityusa2010]

Ok, thats a simple explanation, but government spending has not increased under Obama, the problem is the economey is not producing enough income to maintain the current programs, so to continue the current spending levels, the debt ends up being larger...in other words, the stores income has decreased, but the liabilities remain the same,or have increased.. so those who are eligible for unemployment, due to the current situation have grown, have grown in numbers... Cont.

[grraadd]

@MoneyBags73 oh - that sounds even better :-)

Pelosi had to change the chart 2 times already - that shows how literate she is in economy or just math :-D

[smasila]

They are lying out right in every aspect now. People are waking up everywhere and they cannot stop it. 

[highandwired]

Great video. Keep bringing us the real news.