Do you know we need a national debt? Do you know that we have more jobs then the recession with Bush? Do you know that ObamaCare is already being cited as a successful initiative? Did you know that he got Osama? Did you know that he pulled the troops from Iraq? Did you know the deficit was lowed 7 points?
Have you seen how low GDP growth has fallen in Canada, the US, and Britain, who were all under conservative leadership? We had a GDP less than 2% per year. Under Obama, were growing at 3%, 1% above the international developed standard.
@Csareo did you know that many more troops have died in Afghanistan under Obama than Bush? Did you know that Osama's capture made no difference to the fact that Al Qaeda's operation has risen a lot under Obama's watch? As for the rest of your claims, I disagree. Do you have any sources to back them up?
Are you denying the deficit decreased at fastest rate in history? Are you denying that we have more jobs then we had before the recession? Are you denying the billions of projected revenue in obamacare? Are you denying that Al-Qaeda has feel in membership near 4000?
Anyway a lot of healthy economic decisions result in some extreme short term pain. Over the long haul some of these decisions are a net gain. Just like some economic decisions result in short term gain but long term pain. Increasing the national debt is one of those things with long term negatives and short term gains.
A lot of Democrats only look at the short term. Welfare was implemented to help the black community and it did in the short term. Throwing money at any problem helps in the short term, but studies have shown it has a negative consequences. Check out this article.
The bailouts propped up the failing Keynesian model. Without the bailouts, a lot of these super large businesses would have been hurt and it would have made room for more small businesses to enter the market. Instead the bailouts actually helped the major banks increase their market share and actually hurt competition.
Obama’s policies have added only $1.44 Trillion to the debt, whereas, “W” added $5 Trillion. - See more at: http://www.reasontopia.com/obama-has-not-added-6-trillion-to-the-national-debt-try-1-44-trillion/#sthash.WCwhHKTb.dpu
The additional costs of the Iraq and Afghanistan Wars (seven and five years in, respectively, when Obama took office) is clocked at nearly $1.5 trillion. According to third-party analysis, the true cost of these wars is projected at upwards of $4 trillion. None of this spending can be attributed to Obama policy. - See more at: http://www.reasontopia.com/obama-has-not-added-6-trillion-to-the-national-debt-try-1-44-trillion/#sthash.WCwhHKTb.dpuf
Big part of the Republican platform is that we spend too much. Absolutely, we have an unsustainable budget. At the same time, it is a lot like blaming the electric company when you don’t pay the bill. We spend too much because the Bush Tax Cuts, cuts for the top earners in the country, have robbed the average tax payer of more than $1.8 trillion in money to pay for the oversized budget. It is officially the biggest contributor to the size of the public debt, even more than the wars have cost so far. - See more at: http://www.reasontopia.com/obama-has-not-added-6-trillion-to-the-national-debt-try-1-44-trillion/#sthash.WCwhHKTb.dpuf
The economic crisis that happened on Bush’s watch was greeted with true corporate-welfare policies the likes of which we have never seen. The TARP Bailouts and the Housing and Economic Recovery Act have cost the United States tax payer an addition $224 billion. Interest On Bush Debt Aside from those three, Bush added another $608 billion in discretionary spending on programs like No Child Left Behind and countless others, $180 billion for the Medicare drug benefit, and had his own 2008 stimulus which outspent the Obama stimulus at $773 billion. On top of all that, as anyone with massive credit card debt knows, it carries a lot of interest. In fact, we pay more than $220 billion a year in taxes just to cover the interest on the debt we have accrued. None of that is Obama’s fault and much of it isn’t Bush’s fault either as presidents before him contributed to the debt greatly. Heck, Reagan even tripled it while he was president. - See more at: http://www.reasontopia.com/obama-has-not-added-6-trillion-to-the-national-debt-try-1-44-trillion/#sthash.WCwhHKTb.dpuf