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Look at the debt that has been accumulated over the past two years. It is more debt under this president than all those other presidents combined.”
Rep. Michele Bachmann (R-Minn.) is sometimes described as a possible Sarah Palin rival in the presidential sweepstakes. In this case, Palin is virtually repeating a claim for which Bachmann had previously earned Pinocchios
Originally posted by nixie_nox
reply to post by The Sword
*laughs* maybe a little.
I have always liked Rice. She may come from the Bush Administration, but I would prefer her over an idiot like Palin. Like picking a bank, its the lesser of two evils.
Originally posted by nixie_nox
reply to post by The Sword
*laughs* maybe a little.
I have always liked Rice. She may come from the Bush Administration, but I would prefer her over an idiot like Palin. Like picking a bank, its the lesser of two evils.
Originally posted by fooks
hey, good luck with the bash!
where is your precious condi now?
eh? my pretty!
The full interview is posted on Palin’s Web site, but we watched all of it so you don’t have to.
Palin appears to assume that the United States simply hands out dollars with little idea about what happens to the money.
But she overstates the case by calling (Social Security) a “Ponzi scheme
According to the latest Congressional Budget Office forecast, about 40 percent of the federal budget is financed through new debt — and that percentage is projected to drop significantly as the economy improves.
It is more debt under this president than all those other presidents combined.
Originally posted by Alxandro
It is more debt under this president than all those other presidents combined.
BINGO!
That is 100% true, yet the Op feels collecting Pinnochio's is a much serious matter.
In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.
When President Barack Obama took the oath of office on Jan. 20, 2009, the total federal debt held by the public stood at 6.3073 trillion, according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. As of Aug. 20, 2010, after the first nineteen months of President Obama’s 48-month term, the total federal debt held by the public had grown to a total of $8.8333 trillion, an increase of $2.5260 trillion.
In just the last four months (May through August), according to the CBO, the Obama administration has run cumulative deficits of $464 billion, more than the $458 billion deficit the Bush administration ran through the entirety of fiscal 2008.
Source: CNSNews
Originally posted by Alxandro
It is more debt under this president than all those other presidents combined.
If a so called intelligent man has made things worse, a so called idiot can't do much worse.
Tea Party Myth #2: President Obama is to Blame for our National Debt
The Truth: The vast majority of the debt came from Reagan and the Bushes. By the time he left office in 1989, Ronald Reagan more than equaled the entire debt burden produced by the previous 200 years of American history. George W. Bush a $4 trillion increase in the national debt, a staggering 71% jump. And that didn’t include the wars in Iraq and Afghanistan, which he kept “off-budget” And the Tea Partiers want to go back to his policies!
Read more: newsflavor.com...