The National Debt Road Trip
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Uploaded by 10000Pennies on May 15, 2009
How do the Obama deficits compare with past presidents? And how did the national debt get so big anyway. This video tries to answer those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling.
Historical debt data: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
Inflation data: http://www.westegg.com/inflation/
Future debt data (2010 - 2016): http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf
For more, follow my Twitter account at PoliticalMath or visit my blog at politicalmath.wordpress.com
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@Cfaves from Jan 2007-Jan 2011 (after the 2010 elections, ended a majority in both houses). That means from 2007-2011 4 years the dems had total control! and did pass a budget for 2 years and spent like mad!
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With my income last year @ $240k, I paid in some $60k into federal tax. No refund!! Dont tell me I didnt pay my fair share. Citizens on the very high end and those in the lower end get away with paying nothing. A flat tax on EVERYONE would be fairest of all. Biggest fear of ALL, with the Federal Government printing so much money lately, when will the devaluation of the US Dollar happen?? When it does, watch out. Hyperinflation.
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You lost me when you started comparing "driving speeds" to actual driving speeds. Yes, 174mph is a crazy speed to drive. The reality is that the "driving speed" under Bush (64mph) was ALSO a crazy driving speed. Yes, the current spending has to stop. Was our debt at zero 3 years ago? Of course not... and there is a lot of blame to throw around for that.
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@divinenuker I've seen a chart of public debt compared to GDP and several periods in time rank above 2009-2011 in terms of the change, and Bush's second term actually had a larger increase in the debt than Obama. The period of 1941-1945 also showed a huge debt increase (for good reason).
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@cfaves, this video is over two years old, I was using it to illustrate things to people in mid 2009.When it was made, The Dragon Lady was still running roughshod as Speaker.
@Ameriproud67, please note that Clinton had a Republican Congress to work against, W had a Republican Congress to work with at the beginning, but he had a nation to keep safe from further terrorist attacks. Plus a Democrat Congress for most of the last term in office. Checks and balances, youngster, checks and balances.
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Notice that Bill Clinton by far is most responsible driver and GW Bush is the second worst driver.
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Serious question: where do you get your numbers?
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@transcendtient Excuse me did you just call your own penis cool and to let you know when you grow pubes?......Sad indeed.
P.S. I don't remember why your so angry 'cause I cant find my comment anywhere so w/e
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@divinenuker Well, the guy also says the numbers are adjusted for inflation. Wouldn't that mean that at World War 2 and now, the debt would be roughly the same? In the video he says WW2 =New Jersey, and by the end of it all its like way out west somewhere. Also 2009 was Bush's budget, not Obama's. And the Fed printed a shit load of money lent it to banks at 0 interest, who then bought bonds. Obama sucks. So do Republicans. Yea, the stimulus was not a good idea either.
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@13lackLight Actually this video is pretty accurate. GDP only increased by about 2 Trillion $ since 2001. Even if you showed % to GDP, Obama would top the charts. OF course not ALL National Debt "Obama" accumulated was a direct result of his failures. The issue is the magnitude of spending this guy has enforced and his absolute lack of understanding of Free prosperous markets. I'm not a fan of Bush but a "lot of debt in his terms is not his" either to use your logic.Obama is simply a catastrophe
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This man needs a podcast. Immediately.
chimmichanga21 1 month ago 6
When did we get a democratic congress....
Cfaves 1 month ago 4