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Re: How Ford did it without Bushtard's TARP [Bribe] money

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>>>>> >>>> >>>>> On Fri, 14 Jan 2011 21:38:47 +0000 (UTC), "Leroy N. Soetoro" >>>>> tried to revise history by writing: >>>>> >>>>>> Subject: How Ford did it without Obama's TARP [Bribe] money >>>>> >>>>> You mean the program created by the law that George W. Bush signed on >>>>> October 3, 2008, a full month before Obama's election? >>>> >>>> TARP was set up under Bush, not Obama. >>> Obama took it and ran for the touch down , on the wrong end of the >>> field . Scoring trillions in points for the other side . >> >>What exactly did Obama do that was wrong? Why was it wrong? And when did >>he do it? >let me just say 14.3 trillion dollars .

Of which, $10.41 trillion existed by the end of Bushtard's term. In fact, from Carter to Bushtard, the national debt *decreased* under every Democratic administration, and *increased* (dramatically) under every Republican administration. But don't let a silly little thing like facts stand in the way of a good rant.

Reply to
Evangelical Eddie
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The national debt, on a fiscal year basis, has not decreased since

1957.
Reply to
r_c_brown

Just like one can predict the sun rising in the east and setting in the west on can be assured facts will be ignored and his predudices become reality.

Reply to
Salad

Wrong answer. It's declined a few times since then. See the real figures at:

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Notice the Reagan-era acceleration of the debt by Cold War spending combined with tax cuts.

D
Reply to
Derek Gee

Actually, right answer. Please note that I am using fiscal year end balances (as mentioned above). Using those figures, the last decrease was in 1957.

From your source:

Year Debt

1940 50696 1941 57531 1942 79200 1943 142648 1944 204079 1945 260123 1946 270991 1947 257149 1948 252031 1949 252610 1950 256853 1951 255288 1952 259097 1953 265963 1954 270812 1955 274366 1956 272693 1957 272252 1958 279666 1959 287465 1960 290525 1961 292648 1962 302928 1963 310324 1964 316059 1965 322318 1966 328498 1967 340445 1968 368685 1969 365769 1970 380921 1971 408176 1972 435936 1973 466291 1974 483893 1975 541925 1976 628970 1977 706398 1978 776602 1979 829467 1980 909041 1981 994828 1982 1137315 1983 1371660 1984 1564586 1985 1817423 1986 2120501 1987 2345956 1988 2601104 1989 2867800 1990 3206290 1991 3598178 1992 4001787 1993 4351044 1994 4643307 1995 4920586 1996 5181465 1997 5369206 1998 5478189 1999 5605523 2000 5628700 2001 5769881 2002 6198401 2003 6760014 2004 7354673 2005 7905316 2006 8451350 2007 8950744 2008 9986082 2009 11875851

According to these figures, the national debt decreased one more time since 1957, in 1969.

Reply to
r_c_brown

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