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Yes. The Government pays off the debt to keep it under, thats why its not shooting up trillions in each year. The reality is, in order to make our economy become even better than what Obama improved it into now, you have to spend money.
Obama is taking the logical route: Improve economy by pitching up debt, returns money, pay off the debt.
Due to the value of the American economy, the debt is nowhere as substantial as Europe's or Asia's. Despite its fast numbers, it means not that much. After WW2 we were 125% in debt. Now, we're only 100%. Its not good, but thats what happens when you have Bush mess everything up and people have to pay for it. Money comes from somewhere, and Obama doesnt raise taxes that high so borrowing is it.
What else can I help you with?
Is Obama determined to surpass the national debt line?
While President Obama would like to be supported on raising the national debt line, there are many people who don't. He has stated that either way, he will raise it.
What was the national debt when Obama took office and what is it now?
When Barack Obama took office as President of the United States in 2009, the national debt stood at approximately $10.6 trillion. As of January 2021, at the end of his presidency, the national debt increased to about $23.5 trillion. It is important to note that the national debt is subject to various factors and can fluctuate over time.
What is Obama doing for economy and jobs?
obama aint doing nothing because we are more into debt than we have ever been. And ion like this bull crap.
What was Obama debate on national debt?
he is a good president so vote for hin
Who is to blame for us national debt?
Everyone essentially. Especially from Reagan-Obama.
Can you give me a sentence using the word PUNT?
Obama will punt the national debt.
What caused national debt to increase under Barack Obama?
Yo face!
How many times has Obama raised the national debt ceiling?
The President cannot raise the debt ceiling. Only Congress can do that.
What does Barack Obama plan to do about national dept?
Obama plans on making the wealthy people start paying taxes so that America will have more money to pay off the national debt.
Did President Obama budget more money than any other President?
The budget that President Obama submitted will add more to the national debt than the debt created by all previous presidents.
Is Barack Obama doing anythign about the economy or is he being a lazy bum?
Define "doing anything." If you mean talking about it, and claiming that the recession has ended, then yes, he is doing plenty. If you mean actually doing something to help this Nation get back on its feet, then no. He has more than tripled the debt that the Bush admin. helped create.
Does President Obama have a plan to lower US's national debt?
YES, he is going to raise taxes on the higher class.
