Kristen, National debt when Obama was sworn in, $10.6 Trillion, National debt as of 10/20/16 $19.8 trillion. Increase from Obama's inauguration, 87% with three months to go, he has doubled the national debt unless you want to quibble over a few hundred billion.
You need to go to the source, not democracy now or occupy democrat or what ever site you use, they lead you astray.
http://treasurydirect.gov/NP/debt/search?startMonth=01&startDay=20&startYear=2009&endMonth=10&endDay=23&endYear=2016
Your numbers and Kristen's aren't that far apart and are reasonably accurate. Why the dig at her source?
Tax revenues increased after the Bush tax cuts and they have increased after just about every tax cut in recent history.
Although that is fun to say, historic data doesn't bear that out. Tax cuts MAY have a stimulus effect, particularly in a booming economy, but it is nowhere near a hard and fast rule. Tax cuts cause an immediate loss in revenue. Beneficial effects (if any) take years to show up. While President Reagan did indeed cut income tax rates (justifiably IMHO) he also increased taxes and eliminated a number of deductions that resulted in increases in revenue. Of course, President Bush #1 had to go back on the "Read my lips" promise to deal with budget deficits.
http://money.cnn.com/2010/09/08/news/economy/reagan_years_taxes/As far as the Bush 2 tax cuts, they had the effect of adding to the reduction in revenue during 2001, 2002 and 2003. Revenue did not reach 2000 levels until 2005. The state of the economy has FAR more impact on revenue than changing tax rates. The economy was coming off the tech crash of 1999/2000. The Bush tax cuts did nothing to increase revenue during that time period. I believe you are confusing correlation and causation.
SPENDING INCREASED TOO, THAT IS WHY WE HAVE A DEBT PROBLEM. Tax increases will further slow the economy and lower revenues in the long term. You can't tax a country into prosperity.
Can't disagree with the first part and last part. The middle part is certainly speculation.
Obama owns the national debt and people are sick of his whining that it is Bush's fault, he had 8 years to fix it, in his first 2 years he owned congress too. No excuses, Obama is a failure.
Lots of people "own" the debt, I don't lay blame on one particular person, it has been a group effort. The 2008/2009 crash was certainly a major contributor, probably to the tune of increasing the total debt by +/- $5 trillion. So was the Afghanistan war, Iraq war, entitlements, increased unemployment benefits, increased SNAP costs and Medicare Part B expansion. As far as spending, the President/Congress has only ever reduced spending (over the last 50 years) in 2010, 2012 & 2013, when compared to the year before. Damn that Obama!
Your and my grand children are the ones that will have to deal with this mess Obama caused by many administrations and probably the resultant revolution when it hits the fan and the millions getting free shit now get the gravy train shut down because the US is forced to default.
With a minor (and accurate) change, this is true.