He left a Debt at around $5.7 Trillion, Then Bush who was also paying for a WAR ( which wa signed off by BOTH PARTIES) Infact, Hillary tried to persuade Bill to go to war. Anyways, when Bush left accumulated DEBT for OBAMA around $11 Trillion. That means, as of right NOW since OBAMA has reached over $19 Trillion and counting. ON WHAT???? How can he spend close to DOUBLE than Both of them Combined? ?
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Well there is the interest payable on that debt for starters. Then there are still bills to pay, such as military spending, infrastructure upkeep and investing in the future. Don't forget that a large amount of the debt was due to bailing out the failing banks during the crisis of 2008. Then there was the housing market collapse and the worldwide recession, as well as two wars started by Dubbya. None of those come cheap. All expenditure by government can be scrutinised under the freedom of information act.
Since the end of WW II the ratio of debt to GDP for the nation has gone down in 9 administrations (3 Republican and 6 Democratic) and up in 7 administrations (6 Republican and 1 Democratic). The largest increases by this measure were GW Bush's 2nd term; GHW Bush, and Reagan's first term. The largest decreases were the three terms right after the end of WWII (Truman and Eisenhower). The last decrease under a Republican was in Eisenhower's 2nd term
https://en.wikipedia.org/wiki/History_of_the_Unite...
https://www.dailykos.com/story/2011/09/25/1020037/...
And what did all the economist say with all that irresponsible policy and spending:
You will prolong the recession
You will create long term monetary policy problems
You will hurt unemployment
You will create burdens servicing the debt that bankrupts the future
and all of that has come true, and the one thing we were supposed to get that would soften all of the above
3-5% growth in GDP due to all the stimulus.
WE GOT NOTHING BUT FLAT TO NEAR FLAT GROWTH FOR BOTH OF OBAMA'S TERMS
Total Failure.
Barack Obama has funneled Billions to his Islamic Terrorists, Barack Obama created a National Disaster called the ACA and Obama has signed into law legislation that cripples Growth.
None of that information is anywhere near correct, sorry
You're proof why women are useless