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Obama has run up more debt in the last 5 years than all other presidents combined.
And in spite of all this spending, our national unemployment and under-employment rates are still extremely high!
Posted by AmericanIdle
WRONG! Most of the debt under President Obama was inherited from his predecessor. It seems that conservatives have selective memories or collective amnesia regarding the deficit and debt. When George W Bush took office in January 2001, the federal budget was showing a healthy surplus and there was even some talk about the entire national debt being paid off by 2010. Then two foreign wars, two massive tax cuts and a massive expansion of the federal government that included the largest expansion since the great depression with the establishment of the Department of Homeland Security in his first term turned that surplus to record deficits that even made the deficits of the 1980s pale in comparison.
Then in 2008, just as GWB was leaving office the bottom dropped out of the economy. IIn 2009 when President Obama took office the nation was on the brink of another great depression. It was only through quick and massive government action and spending that a repeat of the 1930s was avoided. The stimulus in 2009 effectively put the brakes on the downward slide and the TARP bail out prevented the complete melt down of the financial markets.
But now the debt is declining at the fastest rate in more than 60 years. Check this out:
As far as the slowdown in job creation, blame that on the sequester which is a creation of the obstructionist congressional Republicans. The sequester has been responsible for the prevention of the creation of more than 1.6 million new jobs in the United States this year. For this we can lay the blame directly on those radical Republicans in the house who refused to bargain in good faith with the president or make a reasonable compromise.
From that last piece:
As many as 1.6 million new jobs could be added to the U.S. economy if Congress simply canceled the budget cuts implemented due to sequestration from Aug. 1, 2013, to the end of September 2014, a new non-partisan study has concluded.