Hey Sup Forums, just here to drop some useful redpills on the topic of the national deficit.
I notice a lot of Obama shills still try to claim he has reduced the deficit when obviously thats not true numerically with it reach 20 trillion this year.
However libtards are special kind of dense, so they will say the number doesn't matter and he has somehow slowed the debt accumulation rate or such things, but thats not true either.
Anyway, enjoy, save, and spread as needed.
Robert Ortiz
...
Connor Gonzalez
...
Jose Fisher
...
Cameron Sanders
I just want to comment that under Obama we now gain debt FASTER than we generate wealth.
Debt accumulates at 102% of GDP. This is an irreversible trend at this point. A massive global financial crisis is incoming, and it won't be because of Bush or Trump. Even though it is likely to happen under the Trump presidency.
Hudson Smith
you motherfuckers are actually gonna let this slide in favor of some weak ass baiting?
Holy shit, the shills truly are winning.
Nicholas Young
Debt =! Deficit.
Obama did reduce the deficit, the rate at which the U.S. Goes into debt. History will judge how much or if this is consequential.
Not suggesting that it isn't a huge problem, but conflating the two terms dilutes the original point.
Dominic Brown
post moar
Cooper Baker
bump
Ian Ward
Don't forget, Obama's the only president in history to not reach a GDP increase of 3%.
Xavier Flores
>more than 100% of GDP >reduced no, it steeply increased under Obama
The highest it ever accumulated under bush was somewhere between 50-60%
Also under Obama the part of the debt growing the fastest is the debt the public carries. Meaning every citizen is going into steeply increasing debt under Obama whether they realize it or not.
Carson Sanders
He increased our debt from 9 trillion in 2008 to 19 trillion by 2016...
Aaron Anderson
Bump
Brandon Sullivan
Debt is the total amount of money owed to other parties by the U.S. government.
Deficit is the yearly shortfall between revenues and spending that the government has to borrow.
The debt went up under Obama, but the yearly deficit decreased.
This is in large part because Obama took office during a deep recession, which meant a lot of stimulus measures coupled with low tax revenues.
Parker Thomas
but there is still a deficit right
Jacob Baker
Obama had to put the Iraq war and medicare D on budget.
Bush didn't even own huge swaths of his spending, he kicked the can down the road, and the GOP gets away with it because of low-information tribalists such as yourself who don't care one bit about the truth.
Jonathan Howard
you're missing his point. The deficit doesn't more than double if its moving at a slower rate.
That clearly suggests an accelerated rate, and is even depicted in the graphs.
Nobody is asking for you to break out your dictionary, the point is unless you are straight from CNN reports (falsified) there is no way the deficit or the debt has decreased in any way under Obama.
The only factual claim he can make now is that in the last year of his Presidency the spending is less. However thats not because of anything Bush left, thats because he's not spending trillions on implementing Obamacare anymore, its already implemented.
Ian Reyes
Obama's drone program, endless bombing missions, arming of rebel groups or governments in multiple countries (including Ukraine) and geopolitical blunders where he gave millions to countries such as Iran are actually more expensive than the yearly cost of occupation in Iraq.
This doesn't even count Obama's aggressive spending in immigration and healthcare.
Grayson Brooks
Deficit and debt are not the same.
Luke Thomas
I never said debt was deficit. I just said he increased the debt a substantial amount.
Isaiah King
>triggered shills in this thread will try to defend king nigger top cuck