So last I checked, the United States economy was at an all time high of about $14.8 Trillion Dollars, which is still on the constant rise because of the economic ignorance of our current president. Obama has lied straight to the faces of the Americans in which he claims he is trying to help in this current Jobs Act. Obama said that the American Jobs Act "wouldn't add a dime to the deficit" and yet it is a common known fact that the Bill would cost $447 Billion dollars. That's a little more than a dime in my opinion, and that would throw the Economy into a debt over $15 Trillion dollars while only helping about 7% of 14 million unemployed Americans to find work. Obama has raised the national debt more in his 3 years of being president than the first 41 presidents combined.
National Debt Over the Years
- 1982 - $1 trillion. ($1,142,034,000,000.00) Ronald Reagan
- 1986 - $2 Trillion ($2,125,302,616,658.42) Ronald Reagan
- 1990 - $3 Trillion ($3,233,313,451,777.25) George H.W. Bush
- 1992 - $4 Trillion ($4,064,620,655,521.66) George H.W. Bush
- 1996 - $5 Trillion ($5,224,810,939,135.73) Bill Clinton
- 2002 - $6 Trillion ($6,228,235,965,597.16) George W. Bush
- 2004 - $7 Trillion ($7,379,052,696,330.32) George W. Bush
- 2006 - $8 Trillion ($8,506,973,899,215.23) George W. Bush
- 2007 - $9 Trillion ($9,007,653,372,262.48) George W. Bush
- 2008 - $10 Trillion ($10,024,724,896,912.49) George W. Bush
- 2009 - $11 Trillion ($11,909,829,003,511.75) Barack Obama
- 2010 - $13 Trillion ($13,561,623,030,891.79) Barack Obama
- 2011 - $14 and possibly $15 Trillion Dollars (Current Deficit = $14,879,402,728,519.51) Barack Obama
The Number one thing i don't understand about the Obama administration is how they complain about the National Debt, promise that they will decrease it, and yet they still want to waste our federal tax dollars on Ideas like the American Jobs Act. Obama is like and irresponsible teenager with a credit card. He spends someone else's money on whatever he wants, without realizing how far into debt he is. If you have bills to pay, you pay them. If you don't have enough money to pay your bills AND buy that new car, you don't buy the new car. its common budget sense, when your in debt, you cut spending. The only way this Nation is going to get out of debt, is to cut its spending.
Here's some websites about The American Jobs Act if you want more information.
- The Bill itself, outlined: http://www.whitehouse.gov/the-press-office/2011/09/08/fact-sheet-american-jobs-act
- Sen. Murkowski and why she voted against: http://alaska-native-news.com/article/Breaking_News/Breaking_News/Murkowski_Votes_Against_American_Jobs_Act_Issues_Statement/23423
Written by: David England
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