Trump to halt 'massive' ObamaCare subsidies

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

SlugSlinger

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Apr 14, 2009
Messages
7,878
Reaction score
7,708
Location
Owasso
Actually it's mostly attributable to Reagan and George W.

I guess cutting taxes and raising spending is not a great way to cut the deficit.
Lol. Reagan lowered the tax rate that increased the amount of taxes collected due to creating 20 million new jobs. And obama created more debt than every president before him combined.
 

Frederick

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Feb 27, 2011
Messages
2,744
Reaction score
2,323
Location
Oklahoma City
Lol. Reagan lowered the tax rate that increased the amount of taxes collected due to creating 20 million new jobs. And obama created more debt than every president before him combined.

staging.snopes.com_app_uploads_2012_01_debtchart.jpg
 

SlugSlinger

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Apr 14, 2009
Messages
7,878
Reaction score
7,708
Location
Owasso
Oh, and thanks to obama, healthcare premiums have gone up 100% in some cases, year over year. I remember when a 7% increase in premiums were bad under the free market model. Now 40% is the norm. Of course if you are subsidized by Obamacare, you would care less about how much it cost.
 

Frederick

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Feb 27, 2011
Messages
2,744
Reaction score
2,323
Location
Oklahoma City
Did you look at the dates. That indicates only 2 years of obama. See if you can find one with his entire 8 years.

I admit it's an outdated graph, but let's not also forget that the recession of 2008-2009 and the bailouts also screwed our budget

Reagan cut taxes massively while ballooning military spending.
 

SlugSlinger

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Apr 14, 2009
Messages
7,878
Reaction score
7,708
Location
Owasso
$20 trillion man: National debt nearly doubles during Obama presidency
By Dave Boyer
When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man.

Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.

When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011.
 

Frederick

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Feb 27, 2011
Messages
2,744
Reaction score
2,323
Location
Oklahoma City
$20 trillion man: National debt nearly doubles during Obama presidency
By Dave Boyer
When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man.

Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to borrow another $1.5 trillion or so by the end of his presidency in 2017. Added to the current total national debt of more than $18.15 trillion, the red ink will likely be crowding the $20 trillion mark right around the time Mr. Obama leaves the White House.

When Mr. Obama took over in January 2009, the total national debt stood at $10.6 trillion. That means the debt will have very nearly doubled during his eight years in office, and there is much more debt ahead with the abandonment of “sequestration” spending caps enacted in 2011.

You can't really blame that on Obama because after 2010 the house was in Republican control.

So Obama couldn't exactly spend us into Oblivion until the Republicans gave him a sign off.

Anyway, under Bush the deficit ballooned. Obama had a similar spending level but the stimulus he passed was a big ticket item.
 

Latest posts

Top Bottom