Did you know that CBS can do a great impression of the way Fox News does its reporting. The thinking seems to be, let’s put up these numbers without any historical background on thew hows and whys – National debt has increased $4 trillion under Obama
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.
Mr. Obama blames policies inherited from his predecessor’s administration for the soaring debt. He singles out:
“two wars we didn’t pay for”
“a prescription drug program for seniors…we didn’t pay for.”
“tax cuts in 2001 and 2003 that were not paid for.”
Mark Knoller does the president says this, but is not courageous enough to state or explain that the road to the national debt was paved by conservative policies and a financial elite that thought they could not fail. When Bush 43 left office the debt was 82.2% of GDP. President Obama inherited that and an economy that was sinking faster than the Titanic. Since the economy is struggling GDP is down and revenues are down because there are fewer people on payrolls. Now is not the time to worry about deficits. Now is the time to create jobs with spending.A chart from the NYT I’ve posted before,
Knoll leaves it looking as though the Fox-Bachmann-Perry urban myth about Obama and some wild spending spree is true. The fact remains America is now paying for the new car Republicans bought on credit than drove into a tree.
What digby said about job creation and taxes – Jobs schmobs. Republican have discovered a great new meme, taxes are not high enough. Americans making minimum wage to around $40k a year are not paying their fair share of taxes. Gosh aren’t we all just red-faced embarrassed that people making the lowest incomes in America are only paying payroll taxes, sales taxes, possibly property taxes, possibly state income taxes and all the incidental fees like license renewals and permit fees. Its like this, those raking in the cash should pay in proportion to the tremendous wealth they have. As of 2007 the upper 10% of the wealthy owned 71.5% of the nation’s wealth. The bottom 50% owned 2.5% of the nation’s wealth. In order for that to make sense in terms of merit for work or intangible contributions like patentable ideas etc. we have to believe that 10% of America is doing all the work and half the country are lazy bums.
To add my two cents to what digby said about Obama and a push to create a jobs program ( series of incentives for business really). Republicans have two itched in stone policies about job creation. 1) President Obama does not have a jobs program, shame on him. 2) We oppose any jobs program that President Obama proposes. We know the Konservative Kool-aid Klub is going to hate on Obama no matter what he does. I just wonder if the general public is paying attention to how conservatives have tried to sabotage the recovery and the nihilistic messages they’re sending.
Being a little simple-minded conservatives have taken to jumping on any “incivility” by any Democrat anywhere since Obama mentioned the general lack of civil discourse a few months ago. The commentary usually begins with some variation of – how’s that civility going. Why has the issue of civility become a sore spot. Because Obama hurt their feelings. Right-wing pundits ranging from Limbaugh to Coulter to Pat Robertson to Glenn beck actually make a living off ad hominem attacks on anyone who is to the left of Eva Braun. The conservative brain is still capable of compartmentalizing that reality and thinking of themselves as The Civil voices in discourse. With those psychological proclivities in mind, conservatives are very upset that Rep. Maxine Waters (D-CA) said – “As far as I’m concerned — the Tea Party can go straight to Hell.” Considering the general tone and tactics of the tea smokers that seems rather tame to me. And leave it to the teahadists to make Waters look like a Sunday school teacher on her best behavior – South Carolina Tea Party Chair Posts Joke About Killing The Obamas On Facebook
Shery Lanford Smith, the chairwoman of Sumter Tea Party in South Carolina is under fire after posting a joke about killing President and First Lady Obama on her Facebook profile last Thursday. In the joke, the Obamas’ helicopter pilot says to his co-pilot, “I could throw both of them out of the window and make 256 million people very happy!” Smith continued, “If you’re one of [the] 256 million, pass it on,” which implies “she herself would be happy to see the Obamas killed.” The joke has been circulating for years in various forms and “have included the names of multiple political figures.” Smith defended the post, “It’s just a joke…I had no idea it would be an issue.”
Than Shery Lanford Smith realizes that if someone should say that if some day she should start to feel violently ill stock up on ice, she’s going to need it, that is just a joke.