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How could he alone have built it when it took generations of Presidents to do so?
How could he alone have built it when it took generations of Presidents to do so?
Exactly what it describes in the article.
When you can pay back your debts (you have assets that you can back payments with) it is one thing (i.e. sell a home when it's in a positive equity territory to pay off the mortgage). However, when there's nothing on the horizon that can be used to pay back that $16 tril, it's definitely a concern. From what I remember, we still had a surplus under Clinton, so it appears that this whole amount was accumulated over the last 12 years. The double whammy of tax cuts followed by going to 2 wars are the main culrpit of starting us on this road. At this point, I think that even if tax rates were reisntated to Clinton's brackets that it wouldn't make that much difference.
God, at the risk of being labelled a troll, on this point I just have to ask - why does anyone listen or respond to any republican anymore when they present "facts"?
Really, there's just no credibility left at all.
President Obama 'built' nation's $16 trillion debt, GOP Rep. Reid Ribble says
http://www.politifact.com/wisconsin/statements/2012/sep/12/reid-ribble/president-obama-built-nations-16-trillion-debt-gop/
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