How come we are 2.5 TRILLION in debt under Obama, yet the liberals whine that it took...

T

Tarball Obama

New member
...Bush 4yrs to equal that? President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days

In the 2011 federal budget released last month, the administration projects the National Debt will soar ever upward to over $25 trillion in the year 2020. The total debt will amount to more than 100 percent of the national economy as early as 2012.

http://www.cbsnews.com/8301-503544_162-20000576-503544.html
 
@ Anna: I'm guessing you took that from Keynesian economics. GDP, when it comes to Keynes, means nothing as it causes inflation and of course, the exchange in dollars would naturally increase as a result.

At the same time, from what I can gather up about Keynesian Economics, it causes fake boom which would result in a factor that causes economics downturns, that being overstocking. As soon as the money runs outs, businesses are at a loss.
 
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