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quinnox

(20,600 posts)

11. Well, we are approaching 17 trillion in debt now, so the overall debt has gone up at a rapid pace

Reply to Triana (Original post)

Wed Aug 14, 2013, 12:45 PM

Aug 2013

ever since Obama took office. When Bush left office the National debt was at 10.5 trillion. And we are now getting close to 17 trillion. So Obama has added almost 7 trillion to our overall debt. That is somewhat breath-taking.

It is good the yearly deficit is getting lower, but that still means we are spending more than we take in every year. This graph shows the alarming trends of this.

http://www.usdebtclock.org/

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Highlight:

The Budget Deficit Is Shrinking Rapidly And Most Americans Don�t Know It [View all] Triana Aug 2013 OP

Most Americans can't differentiate deficit from debt. House of Roberts Aug 2013 #1

Treasury Monthly Statement Shows the U.S. Deficit Is Melting Away Triana Aug 2013 #2

What I don't understand is why don't the Democrats talk about this? Frustratedlady Aug 2013 #3

Good question. I understand the corprat-pwned media's reluctance Triana Aug 2013 #4

We really shouldn't be out touting it. Deficit spending during a recession is a good thing. NuclearDem Aug 2013 #5

Agreed. But the fact that it's going down means two things: Triana Aug 2013 #7

Oh boy MFrohike Aug 2013 #6

Personally, I'm not celebrating ... Triana Aug 2013 #8

It's not much different MFrohike Aug 2013 #10

how much of this is due to bigapple123 Aug 2013 #9

Does it matter? Bandit Aug 2013 #14

Well, we are approaching 17 trillion in debt now, so the overall debt has gone up at a rapid pace quinnox Aug 2013 #11

Bush put his wars on credit, but Obama has put their cost back onto the tblue37 Aug 2013 #13

See Response #1 n/t Triana Aug 2013 #15

yes, I understand what the difference is, but what I'm saying is because the overall debt quinnox Aug 2013 #17

Dems don't do a good job of informing the public. tblue37 Aug 2013 #12

Very true. Unfortunately, GOOP is winning the propaganda war. Triana Aug 2013 #16