Mainecoons
09-18-2012, 07:53 AM
Here's some facts for ya:
Since Obama has taken office …. [through Q2 2012 for comparative purposes]
--> For every $1 added to the economy, we’ve added more than $3 in debt
--> added $5.23 trillion in debt vs. $1.68 trillion to the economy
--> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
--> $5.23 trillion increase in debt [source: Treasury Dept]
.......
GDP
$13,923T [Q1 2009]
$15,606T [Q2 2012]
--> $1.68 trillion increase in GDP
[source: BEA]
Read more: http://nation.foxnews.com/government-spending/2012/09/17/every-1-added-economy-obama-added-more-3-debt#ixzz26pE7NXbL This seems about par for the usual efficiency of government programs. Spend three dollars, piss away two of them. Two thirds of Democrats think government should do more???? They must all be Math experts. :rofl:
Since Obama has taken office …. [through Q2 2012 for comparative purposes]
--> For every $1 added to the economy, we’ve added more than $3 in debt
--> added $5.23 trillion in debt vs. $1.68 trillion to the economy
--> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
--> $5.23 trillion increase in debt [source: Treasury Dept]
.......
GDP
$13,923T [Q1 2009]
$15,606T [Q2 2012]
--> $1.68 trillion increase in GDP
[source: BEA]
Read more: http://nation.foxnews.com/government-spending/2012/09/17/every-1-added-economy-obama-added-more-3-debt#ixzz26pE7NXbL This seems about par for the usual efficiency of government programs. Spend three dollars, piss away two of them. Two thirds of Democrats think government should do more???? They must all be Math experts. :rofl: