2011-03-09, 05:05 AM
Corn Wrote:Just have to say that the highest debt is caused because of past presidents and interest rates. Looking at here (yeah I know it's Wikipedia, just look at the sources they cited), Obama only created a 3.53 * 10^12 debt. Reagan created a 2.23*10^12 debt (albeit in 8 years). Now, you're probably like "wtp Reagan pulled a lower debt you idiot" but keep in mind the huge interest rates that is higher when the debt is higher.
Also, Bush created a 4.35 * 10^12 interest rate, although I do have to admit it was in 8 years, but the only reason Obama created the highest debt because he is the most newest President. Besides, Reagan and Bush were both Republicans-they dislike deficit spending. It's surprising that they like laissez fair yet have such huge debts.
And while you probably are exaggerating, there's a helluva lot more Presidents who broke the Constitution (or at least more laws) more than Obama did. Nixon, Johnson, Clinton...and even this one article here says Bush broke the Constitution, ha ha).
And about his reckless spending...laissez-faire economics, from time and time again, didn't really work. Didn't work in the 1920s, and while it could've helped the economy in the 1980s, Reagan kinda screwed that up. Deficit spending (arguably) worked after the Great Depression, so that's probably why Obama is trying it out. He probably won't change methods as he is a Democrat.
Ok, let look at the numbers here. I looked at your link and as expected, the wiki is not accurate. No offense intended, but wikipedia is not really all that reputable. Anyone can put info on there regardless to its accuracy. So after that I decided to go to the treasury department web site and look up the actual figures. For the sake of saving space I rounded the numbers.
Current president Obama: Started term with a $10.6 trillion debt and in just 2 long years we sit at $14.2 trillion in debt. Thats a $3.6 trillion increase in only 2 years so if the trend continues we can be looking at a $17.8 trillion debt by 2012. That figure can potentially be higher if obama care is not stopped by the way.
Former president Bush Jr.: Started term with a $5.8 trillion debt and in just 8 years ended his run with $10.6 trillion debt. That a gain of only $4.8 trillion over the course of 8 years. So for argument sake in only 2 years time Obama has almost done what Bush took 8 years to do.
I wont even bother to bring it back as far as Reagan since the Bush comparison is good enough.
On to the constitution. As I stated, yes there have been several presidents who broke the constitution to propagate their agendas. That said, Obama was the only one of them who publicly stated to do certain things in order to fix this country and then as soon as he had the chance did a 180 degree flip. Sure all polaticians lie to some degree but most of them at least try to make it look good by doing some of what they said they would do. Obama had his way during the first 2 years he was in office and could have made good on something, but instead he gave everyone the middle finger. Now he no longer has the ability to force feed us because he no longer controls 1 of the 2 houses of congress. Bottom line is that he is great at one thing besides reading from the telepromter, lying.