Didn't he promise no tax increases? Curious...

http://www.brillig.com/debt_clock/

$12.2 T Total
$40 K my part (more than my student loans... )

2/2/2010 10:53:56 AM

I imagine more Americans have more debt than $40k of their own and probably not including mortgages.

Also, how do I owe obama $40k? Your title is misleading.

[Edited on February 2, 2010 at 10:57 AM. Reason : .]

2/2/2010 10:56:26 AM

^^LOL

you clearly have a clue about what you're talking about ITT.

[Edited on February 2, 2010 at 10:56 AM. Reason : ^]

2/2/2010 10:56:39 AM

The debt when Obama took office was $10.626 trillion

So I fail to see why it is Obama we owe all that to.

2/2/2010 11:01:23 AM

Keep it in the Soap Box please.

2/2/2010 11:01:42 AM

Using your logic that we "owe Obama" for the debt, then I will break it down for you.

When Obama took office the national debt was $10.6 T. It is now 12.2 T, or an increase of 13%.

So technically, you only owe Obama 13% of the grand total, or $5,200.

You owe Bush the remaining $34,800.

[Edited on February 2, 2010 at 11:07 AM. Reason : a]

2/2/2010 11:06:06 AM

if you cut out the iraq war that bush paid for and subtract what obama has spent so far, technically Obama would owe you.

2/2/2010 11:07:34 AM

And actually, the debt nearly doubled under Bush. So for all intents and purposes you owe Bush and Clinton about $17k each.

2/2/2010 11:13:29 AM

better get to fuckin/baby making, that'd be less than $10k/person if we had china's population

2/2/2010 11:20:33 AM

just what we need on this planet of ours: MORE PEOPLE!

2/2/2010 11:21:57 AM

Quote :

"The estimated population of the United States is 307,766,547 so each citizen's share of this debt is $39,942.81."

Bullshit. I am not going to be held responsible for that. Oh hell no. When I start having to collect on government "aids" (and I'm not referring to the disease), then you can start my debt tab. But you will never find me on welfare. No sir. Not I. SO FUCK YOU OBAMA. FUCK YOU AND YOUR DEBT CALCULATOR.

2/2/2010 11:25:43 AM

or you know

all those other things the government does for you

2/2/2010 11:27:14 AM

fuck that. i'm not responsible for their overspending. i'll pay my taxes, but gov't spending is all kinds of fucked up.

2/2/2010 11:28:48 AM

Quote :

"Bullshit. I am not going to be held responsible for that."

Tell it to the IRS and let me know how it turns out.

2/2/2010 11:30:58 AM

Quote :

"fuck that. i'm not responsible for their overspending. i'll pay my taxes, but gov't spending is all kinds of fucked up"

+1

2/2/2010 11:32:46 AM

Hey Obama youre so fine, youre so fine you blow my mind! Hey Obama!

2/2/2010 11:35:57 AM

Bang bang choo choo train... Prez. Obama is the one to blame.

2/2/2010 11:38:22 AM

People not understanding the basic principles of government and taxation in this thread.

2/2/2010 12:01:16 PM

This month is "Obama is History" Month

THE WHITE MAN GON RIIIIIIIIIISE UP

2/2/2010 12:08:38 PM

President Obama, when addressing the House GOP recently, pointed out that he gets saddled with the Bush debt pretty often, but if you take that out, combined with Jan & Feb (b/c none of his policies were in place yet obviously)... well yeah, you owe a lot more of that $ to the past 8 bush years than you do to Obama's policies:

http://www.thewolfweb.com/message_topic.aspx?topic=587248

2/2/2010 12:18:10 PM

WAIT WAIT WAIT

YOU SHOULDA SAID


OWEBAMA


HAR HAR GET IT?

2/2/2010 12:21:00 PM

I "owebama" one of these...

2/2/2010 12:27:28 PM

djeternal, you were doing pretty good on your logic until you failed at the end.

If you want real numbers, and are pissed bc W doubled the debt, then you have to be upset when O does it quicker.

Increase in the National Debt, by presidential term (or year):

Reagan's two terms: $1.692 trillion
Bush 41's one term: $1.587 trillion
Clinton's two terms: $1.54 trillion
Bush 43's two terms: $4.899 trillion
Obama's one year: $1.583 trillion

2/2/2010 5:21:38 PM

I didn't sign a promissory note and I haven't seen any change. I don't owe these presidents a damn thing.

2/2/2010 5:38:10 PM

Quote :

"Reagan's two terms: $1.692 trillion Bush 41's one term: $1.587 trillion Clinton's two terms: $1.54 trillion Bush 43's two terms: $4.899 trillion Obama's one year: $1.583 trillion"

Inflation adjusted?

2/2/2010 6:09:18 PM

^good question. I am not sure.

2/2/2010 8:29:34 PM

W @ 4.899T over 8 years ~ .612T/year
O @ 1.583T over 1 year

so... if inflation = nearly triple in the last nine years, then Obama is just keeping up with W. i'm not saying Obama's gonna continue the same hemorrhage of tax dollars over the next 4 (help us all if 8) years, but i'm also not saying it'd be fair to say W did so much worse. i find both deficit increase numbers atrocious, fwiw.

[Edited on February 2, 2010 at 8:44 PM. Reason : and thank you BHS for yet again bringin the lulz]

2/2/2010 8:43:36 PM

I paid $40k in taxes last year, so why didn't my portion reset?

2/2/2010 9:00:45 PM

I WANT TO GO BACK TO THE MOON - FUCk YOU, OBAMA>

2/2/2010 9:11:15 PM

may want to take a look at how the deficit actually breaks down and see how much of it this year has come directly from Obama's actions, and how much of it was in the works before he took office or was even elected (data from last July)



and not that this excuses reckless spending on anybody's part, but the massive drop in tax receipts, from the recession and Bush's tax cuts, just might have something to do with the deficit.

2/2/2010 9:12:52 PM

I hate to break it to you but the financial bailouts were enacted before Obama took office. Lets not forget the cost of two nearly decade long wars.

[Edited on February 2, 2010 at 9:27 PM. Reason : .]

2/2/2010 9:25:38 PM

good call NOOOOOOOOOOOOOOOOOOB

2/2/2010 9:38:00 PM

^^ umm, yes. who are you taking to exactly?
That was kind of hte point of those graphs

2/2/2010 9:39:51 PM

HOLY FUCKING SHIT SOAP BOX GODDAMMIT!!!!

2/2/2010 9:41:03 PM

Quote :

"I hate to break it to you but the financial bailouts were enacted before Obama took office. Lets not forget the cost of two nearly decade long wars."

I blame Nancy Pelosi.

2/2/2010 10:32:02 PM

Thanks Obama, I owe you for doing something that economists agree kept the shit from hitting the fan.

2/3/2010 12:21:50 AM

bttt for the uptick.

Quote :

""

Quote :

"AND, the BIG CULPRIT (rising red line) is rapidly rising Social spending, growing 14 times faster than the economy, more than eating up the decline in defense ratios (and has now reached a historic new high). (If it had been growing in dollar terms only at the rate of growth of the total economy, then that red line would have been flat on the chart. The fact the red line rises means said spending was growing much, much faster than the economy.) "

2/3/2010 1:30:15 PM

man its like runnin Sim City

checkbox all them damn social programs!

2/3/2010 1:32:04 PM