national debt has grown by more than $4 trillion during George W. Bush?s presidency.

[ch33kym0use]

Setting a good example I see. When my country is reducing the debt. Yours is struggling with it and the debt is increasing. It wont be long now, with more of McSame, they will spend more, take your social security, education and public funding away from you, because they gave it all away to the wall street criminals. See the Wall Street bailout for evidence of this.

 

[Engineer]

Originally posted by: ch33kym0use
Setting a good example I see. When my country is reducing the debt. Yours is struggling with it and the debt is increasing. It wont be long now, with more of McSame, they will spend more, take your social security, education and public funding away from you, because they gave it all away to the wall street criminals. See the Wall Street bailout for evidence of this.

Wall Street bailout (or whatever it was called) was more Bush/Democrats than Republicans, but you're right, both sides are going to kick us in the nuts as far as spending/deficits go.

 

[heyheybooboo]

Originally posted by: Engineer

Originally posted by: Deeko
As much as I do hate GWB, it's always going to be "the biggest ever" due to inflation. You have to look at percentages.

Compare Clinton's to previous (in terms of real or percentage or dollars or in terms of GDP) and see who comes out on top in this.

% Increase in Nominal GDP - Presidential Term
GDP (in billions of dollars)

1993 - - - $6,657.4
1994 - - - $7,072.2
1995 - - - $7,397.7
1996 - - - $7,816.9
1997 - - - $8,304.3
1998 - - - $8,747.0
1999 - - - $9,268.4
2000 - - - $9,817.0

2001 - - - $10,128.0
2002 - - - $10,469.6
2003 - - - $10,960.8
2004 - - - $11,685.9
2005 - - - $12,433.9
2006 - - - $13,194.7
2007 - - - $13,807.6
2008 - - - $14,400 (est) <---- Good luck with that!

47.46% Increase in GDP - Bill Clinton
42.18% Increase in GDP - George Bush


Federal Debt by Fiscal Year

2008 - - - $10,124,225,067,127.69
2007 - - - $9,007,653,372,262.48
2006 - - - $8,506,973,899,215.23
2005 - - - $7,932,709,661,723.50
2004 - - - $7,379,052,696,330.32
2003 - - - $6,783,231,062,743.62
2002 - - - $6,228,235,965,597.16
2001 - - - $5,807,463,412,200.06

2000 - - - $5,674,178,209,886.86
1999 - - - $5,656,270,901,633.43
1998 - - - $5,526,193,008,897.62
1997 - - - $5,413,146,011,397.34
1996 - - - $5,224,810,939,135.73
1995 - - - $4,973,982,900,709.39
1994 - - - $4,692,749,910,013.32
1993 - - - $4,411,488,883,139.38

74.33% increase during the Bush Administration
28.62% increase during the Clinton Administration


As noted previously, the operating surplus in FY2000 was an estimated $230 billion.

 

[ProfJohn]

Fiscally speaking Bush sucks, no one is questioning that.

But is Obama going to be any better? The guy has a $800 billion spending plan and when asked at the debate which parts he would cut due to the economic slow down and the cost of the bail out he basically passed at answering the question.

 

[Rainsford]

Originally posted by: ProfJohn
Fiscally speaking Bush sucks, no one is questioning that.

But is Obama going to be any better? The guy has a $800 billion spending plan and when asked at the debate which parts he would cut due to the economic slow down and the cost of the bail out he basically passed at answering the question.

It's not just spending that matters, it's spending balanced with income...that's economics 101. You can't just throw out a big number like it's an argument all by itself, you have to look at the bigger picture.

Obama is actually going to raise taxes somewhat on the very wealthy to try to balance the budget, McCain isn't going to cut spending AND he's promising tax cuts for everyone. Tell me again why McCain position is better...