On January 13, 2012 Burst Updates posted OBAMA ECONOMIC EXPANSION: TRUTH OR DARE. Outlining the previous three years we concluded as follows: “Let’s look at the deficit records starting in 2009;
$10.6 T — Jan 20 2009
$12.3 T — Jan 20 2010
$14.1 T — Jan 20 2011
$15.2 T — Jan 20 2012
-Total added since taking office is $4.6 Trillion
-Interest on debt in 2011 was $454 Billion
-Weekly interest on that debt was $9 Billion
-Weekly interest by election day will be $10 Billion.”
In summary we said: “Debt will soon occupy frontpages away from the GOP campaign. Obama’s opportunity to address entitlements goes down the drain, what is there to fund Social Security or Medicare? He is shutting down the private economy and no more borrowing will be available until 2017. The deficits require infusions from the private economy, how can that create growth?”
Obamanomics prevents America from repaying that debt.
The choice of Romney/Ryan, with smaller government, tax policies which encourage investment, creates jobs, increases revenues, stimulates consumer spending, revives Medicare and Social Security…, reduces debt.
Obama preserves, increases entitlements, and in turn, debt.
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Posted on August 15, 2012
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