Published: Thursday, Feb. 14 2013 12:05 a.m. MST
Irony: the only President who has actually shrunk the deficit each year since he
took office? Obama. Too bad the Dallas papers are so factually challenged.
Judging from the articles I see here, If Texas wants to secede from America
it’s OK with me.It is good news to many of us that President
Obama has not changed from the promises made to the American people. We can
only hope now that he will have learned to get past the party of no and his
other detractors. And their phony boogieman of debt.
To "Irony Guy" does it really matter if he shurnk deficits that he
created and are the largest in history? Even compared to Bush, Obama has larger
deficits than any other president.You missed the 2011 spending ($1.3
Trillion) that actually had a bigger deficit than the 2010 spending ($1.293
Trillion) levels. So, Obama has NOT reduced the deficit each year in office.Also, you are wrong about Obama being the only President to shrink the
deficit. Harry Truman not only did not have a deficit, but he shrunk the
national debt (ran a surplus) between 1946 and 1952.Bush, in 2006
and 2007 reduced the deficit. So did Clinton, Reagan, Carter, Ford, and may
other presidents. They all reduced the deficit at least one year while in
office. Too bad you missed on on those facts.
Here are the REAL numbers (in dollars) on the history of added yearly national
deficit under Obama:- The total added to the National Debt for
CY2009 – $1.61 trillion.- The total added to the National Debt
for CY2010 – $1.71 trillion.- The total added to the National
Debt for CY2011 – $1.20 trillion.- The total added to the
National Debt for CY2012 – $1.21 trillion.[Source: Bureau of
the Public Debt, Department of Treasury]Side Note: Expenditures
that add to the national deficit are authorized by the Congress – NOT the
President. I would further argue the only reason it significantly decreased in
2011 and 2012 was because the Republicans took control of the House of
Representatives from the Democrats.
"We don't have a spending problem, we have a deficit problem" Next
time you overdraw your bank account tell that to your banker!
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