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John W
Lv 7
John W asked in Politics & GovernmentPolitics · 9 years ago

Why is Obama asking for Another 1 Trillion Debt increase when he promised his Stimulus would reduce deficits?

Update:

His first Stimulus that is

Update 2:

Why is Obama borrowing money cant he reduce spending

11 Answers

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  • 9 years ago
    Favorite Answer

    Because he is addicted to spending and kick backs, he spends like a future ex wife in the mall with your credit card.

    Source(s): Paul Grass, PhD Level 7 YA user/if in doubt check the level out May God bless you ,the USA and may God keep us safe from the progressive axis of evil;0bama,Pelosi & Reid
  • ?
    Lv 4
    4 years ago

    because of the fact he's a LIAR. look,...we could get this on the instant adult males. There are people who're working for workplace and people who're in workplace who's sole objective it is is to do in spite of the Bankers and their fellow enemies of the US will tell them to do. Their objective is the full destruction of the US shape and the yankee financial equipment. people truly do would desire to start waking as much as this reality. The enemy of the US is sitting in Congress and the White homestead, they do no longer seem to be excess of there someplace in a foreign places land. they are right here at homestead! in basic terms one candidate can keep the US this time, in spite of in case you're able to in comparison to a number of what he has to declare, a minimum of we can all be specific he's the genuine deal, he has no longer (in assessment to a minimum of one another candidate, which includes Obama) been bribed by ability of our enemies and isn't any longer beholden to them the two. RON PAUL!!

  • ?
    Lv 4
    9 years ago

    Why did he promise to reduce spending during last summer's debt negotiation?

    Answer: he is a liar

  • Anonymous
    9 years ago

    Because he is incompetent. he has no idea how things work or what he is doing.

  • 9 years ago

    The increased limit was negotiated when the other limit was approved. You should really follow the news more.

  • 9 years ago

    Liars lie.

  • Chelfi
    Lv 7
    9 years ago

    There's a difference between deficit and debt.

  • ?
    Lv 6
    9 years ago

    Too easy. Ask something else.

  • 9 years ago

    Because the debt is not the deficit.

    The deficit has actually gone down, from $1.4 trillion when he took office to $1.1 trillion now.

  • WACO
    Lv 7
    9 years ago

    Will Mitt Romney survive the revelation that he will pay no taxes and even get an IRS rebate for 2011?

    It has now turned out that the reason Willard Mitt Romney will not show his tax returns for 2011 is because he will pay no taxes, and even get an IRS rebate, on his twenty-two million dollar income in 2011, is because churches, including the Mormon church, are not subject to taxes. Accountants found ways to tie Romney's income to the Mormon Church.

    True, even though his rebate will be less than $278,000.00, it is still reason enough to affect the numbers of his supporters.

    No inference should be taken that anything about this is illegal. It is all legal according to today's laws, but the fact that such laws are on the books should concern voters.

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