Sunday, August 28, 2011

Politics Affects Homelessness

US Federal debt increases by U.S Presidents:
Reagan 186%
Bush I 54%
Clinton 41%
Bush II 72%
Obama 23%
Source: Congressional Budget Office

Republican debt increases ARE unsustainable. Better get about cutting the entitlements for which they are responsible -- e.g. phony credits for oil drilling, phony credits for corn ethanol, phony price increases for medicare prescriptions (i.e. requiring medicare to pay "market" prices for prescription drugs), reduced holding times for capital gains treatment on stocks & bonds, ad nauseum ~ Roy Conant

2 comments:

  1. Since you didn't supply an actual link to the site to determine when this study was done, I went and looked myself. Here is what I found...

    ‘Most Rapid Increase in Debt Under Any U.S. President’
    August 23, 2011 10:43 A.M.
    By Andrew Stiles

    Mark Knoller reports:

    The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.

    The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.

    It’s the most rapid increase in the debt under any U.S. president.

    The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.

    http://www.nationalreview.com/corner/275327/most-rapid-increase-debt-under-any-us-president-andrew-stiles

    Also, the whole Solyndra thing is not looking good for Obama. They are calling it his "Greengate" and comparing it to Watergate. Honestly, I don't think any President has been 100% honorable with tax payers money, which is why I believe in smaller government. Right now Obama is trying to make it so charitable organizations and churches which have previously been exempt from taxes, be taxed. The end result of this will be less help for the needy, more money in the gov's pocket for expensive vacations. Honestly, if all these politicians received a smaller salary and had to actually work alongside their constituents and the people they represent and had to actually live the working man's life instead of getting paid a cushy salary to make all the decisions and spend all the tax payers dollars, they might be singing a different tune on what their priorities are.

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  2. yes, the whole debt thing is pretty sad. but we know that much of the debt accumulating under Obama is due to things set into place by Bush. the things Bush did still has the country careening out of control. Obama has also cut more taxes than Bush did. Go figure.

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