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Barack Obama touched on the issue of the federal deficit last night, telling late night talk show host David Letterman that the U.S. doesn’t have to worry about the debt “in the short term.”
Responding to Letterman’s concern about the growing deficit, Obama first deflected blame on to his predecessor, George W. Bush.
“We had a surplus when Bill Clinton was president,” Obama said. “When I walked into office, we had a trillion dollar deficit, debt had mounted, and then we had to take a bunch of emergency measures: Saving the auto industry, making sure that the financial system got back on track.”
“So now what we’ve got to do is pare down that deficit, get that debt under control,” he went on. “The only way we’ve ever been able to do that effectively is in a balanced way.”
Letterman then followed up by asking how much the national debt was when Obama took office.
“I don’t remember what the number was precisely,” Obama said, adding later, “We don’t have to worry about it short term. But it is a problem long-term and even medium-term.”
According to the Treasury Department website, the national debt was $10.6 trillion on the day Barack Obama took office. Today, the national debt is $16 trillion.
Who’s the “we” You live in France.
Speaking of clowns….
/2012/2012/09/is-this-the-messiah-2437398.html
Clinton never had a surplus and Bush did not leave a trillion dollar deficiet.
Fiscal Year Year
Ending Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion
It’s a casual chat show, he probably didn’t want to get into the boring details of it. Slightly bad wording, but christ, look at Romney.
You people have to stop defending hopeless Obama.
The secret you’ve got to know is “Don’t do politics.”
You people are so bad at politics: I don’t touch politics even with a ten-foot pole – I’m reliigious; just into the Apocalypse that’s all.
So, um, if you “don’t do politics” even with your ten-foot pole, why are have you published an article attacking Obama over his grasp of fiscal policy?
You finally said something truthful, “I’m religious.”
Buddhism isn’t a religion, its a philosophy or a way of life. Christianity is, however, a religion. You have all the markings of a true Christian. Deny it all you like, Geir…you reek of the blood of Christ.