Need some help re. Obama and the debt clock...

[Mc Mike]

9. In addition to this post by Thor,

here's a couple of facts, fiscal year end dates, and dollar amount of debt:

https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm

09/30/1999 5,656,270,901,615.43
09/30/1998 5,526,193,008,897.62
09/30/1997 5,413,146,011,397.34
09/30/1996 5,224,810,939,135.73
09/29/1995 4,973,982,900,709.39
09/30/1994 4,692,749,910,013.32
09/30/1993 4,411,488,883,139.38
09/30/1992 4,064,620,655,521.66
09/30/1991 3,665,303,351,697.03
09/28/1990 3,233,313,451,777.25
09/29/1989 2,857,430,960,187.32
09/30/1988 2,602,337,712,041.16
09/30/1987 2,350,276,890,953.00
09/30/1986 2,125,302,616,658.42
09/30/1985 * 1,823,103,000,000.00
09/30/1984 * 1,572,266,000,000.00
09/30/1983 * 1,377,210,000,000.00
09/30/1982 * 1,142,034,000,000.00
09/30/1981 * 997,855,000,000.00
09/30/1980 * 907,701,000,000.00
09/30/1979 * 826,519,000,000.00
09/30/1978 * 771,544,000,000.00
09/30/1977 * 698,840,000,000.00
06/30/1976 * 620,433,000,000.00

https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

09/30/2015 18,150,617,666,484.33
09/30/2014 17,824,071,380,733.82
09/30/2013 16,738,183,526,697.32
09/30/2012 16,066,241,407,385.89
09/30/2011 14,790,340,328,557.15
09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86


Now look at the numbers, Raygun single handedly tripled the national debt, combined with his one term successor, they quadrupled the debt. Every other president in history spent under 1 trillion, all combined, Raygun took 900 billion and made it 2.7 trillion, and if you want to call every other president in history's combined debt 1 trillion, after Raygun and Poppy were done, it was 4 trillion.

You can make the argument that Clinton, in 8 years, added 1.7 trillion, by the end of his last fiscal year budget. Of course, he had a 5 trillion dollar projected 10 year SURPLUS, and that projection was taken as gospel truth by republicans to get little bush's tax cuts pushed through. Still, the score is 'every president in history up through Carter-1 trillion, Clinton-1.7 trillion, and 2 republicans-3 trillion added to the debt.

Then that clown little bush came in, and turned the entire 5.7 trillion from everyone into 11.9 trillion by the end of his last fiscal year budget. Ignoring the unpaid for liabilities, he single handedly outspent every president in history. Total score, last 3 republican presidents-9 trillion, every other president-2.7 trillion added to the debt.

Now talk about the cost drivers for Obama's 'reckless spending binge' on little bush's unpaid for liabilities: the cost of the Iraq war, budgeted at zero dollars by the bush admin, the cost of winding down 2 disastrous wars prosecuted by bush, the cost of a massive influx of injured war vets who need care now, the cost of dealing with massive destabilization in the mid east caused by bush's foreign policy fiascos, the cost of the unfunded disastrous massive non-competitive priced give away to bush's friends in big Pharma through the Medicare Part D drug expansion, the cost of foregone tax revenue caused by bush's supremely-tilted-toward-the-rich tax cuts, enacted while a war was going on, the cost of half of the 1.5 trillion dollar bailout to wall street caused by bush's massive deregulation driven financial collapse, and trillions more needed afterward to fix that collapse.

The argument could be made that Obama spent 8 trillion dollars. It isn't an honest argument. Another argument could be made that the last 3 republican fiscal hero presidents spent 10 trillion, every other president spent 2.7 trillion combined, and Obama spent 7 trillion, or he spent a bit more than a third of the total existing debt. And this occurred after their last 3 presidents tripled / quadrupled, then doubled the entire debt of all other administrations, combined. If he had made the national debt 25 trillion, he would have performed as badly as little bush did, if he made it 37.5 trillion he'd be like saint raygun, but of course little bush was dealing with a 5 trillion dollar surplus, and Prez O was dealing with a little bush sponsored economic collapse. And you should understand that we have actually spent more than 2 trillion dollars on interest payments --for debt service caused by the republicans' national debt -- we've spent more than 2 trillion dollars in the last 8 years on that ALONE.

If you look at the debt numbers as of the end of each prez admin's last budgets, fiscal year end standings, and look at all the unfunded mandates little bush forced on Obama, you can easily destroy any republican attempt at appearing to be upset by out of control spending and debt. They try to spend the US into bankruptcy, and try to leave the bill for their Dem successors, try to make sure the cupboards are bare when a Dem is coming into office, then their partisans try to cry crocodile tears about how much the debt upsets them. Prez O's performance on the budget and economy has been heroic, and he was hamstrung by the constant debt default brinksmanship and fillibustering by the 'loyal' opposition. He should have been able to spend more to help the economy recover from the republican crash, more jobs money would have helped American citizens instead of Wall St enjoying and hogging the huge benefits from the recovery.