http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
A peep at what the national debt looked like with each Presidency : Nixon, Ford and Clinton Reduced- less spending
National Debt each Presidency : Nixon, Ford and Clinton Reduced- less spending
I'm proud to see that we have a African American President however past Presidents through "experience" were able to lower the debt. Obama's biggest thorn during his election was that people said he was inexperienced which would mean he'd have to rely heavily on other people to lead him and think for him and as we can see the national debt is getting worse. The great Depression in the 1920's trickled into the 40's they got it down then the Persian Gulf war with GWBush Sr. increased the National Debt.
I don't care what has to be done our credit rating is like you going to get a credit card and get denied cause you have bad credit. On a national scale USA has bad credit and we can't pay our bills, no more lending and borrowing and the Global Collection Companies will come to collect- FIRST by doing away with the American Dollar cause it isn't worth the paper it's printed on and like any one in debt your a slave to the people you owe money to. We don't pay our bills, the people we borrowed from which is everyone globally can't pay their bills.
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