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Does Anybody Really Believe Obama Will Cut the Federal Debt?

The Federal Debt just passed 16 trillion. That's up 6+ trillion since he took office. And now he says he wants to cut it. Does anybody think he really changed his mind about spending and now wants to cut it?

10 Answers

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  • Anonymous
    9 years ago
    Favorite Answer

    He was going to cut it in half last time. Sounds like no really this time I mean it. Enough BS.

  • ?
    Lv 7
    9 years ago

    Not really. Even the independent Congressional Budget Office recognizes that Obamacare will suck more resources off the federal budget than was close to the original prediction. (For example, the plan spouted to the public neglected to figure in the costs of the thousands of federal bureaucrats required to approve all health care).

    The political left believes that the unsustainable federal government debt can be passed on to the next generation. Hence, it's not their problem.

  • staves
    Lv 4
    5 years ago

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  • Stymie
    Lv 5
    9 years ago

    Yes as soon as he is completely out of both Bush wars. Also President Obama no longer has to spend billions of dollars bailing out the banking system, insurance companies, and the the auto industry which were a huge mess he INHERITED from Bush. The President also inherited the housing collapse, high unemployment, and a whole lot of other expensive problems. I could go on but you should turn off Fox News, put the talk radio down and educate yourself.

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  • Anonymous
    9 years ago

    He's done such an amazing job of cutting the deficits, why wouldn't anybody believe he won't cut the debt just as much?

    /sarc

  • 9 years ago

    He will not. It's not in his game plan. He wants the USA to become the USSR (United States Socialist Republic).

  • Obama's "big" spending, with pretty charts and numbers:

    http://www.forbes.com/sites/rickungar/2012/05/24/w...

  • ?
    Lv 7
    9 years ago

    I doubt it, Though Romney is much worse.

    Romney is Cancer Without treatment,

    Obama is Cancer with treatment, but the cancer will eventually prevail.

  • 9 years ago

    Yeah - it is the law.

    Source(s): Budget Control Act of 2011
  • Anonymous
    9 years ago

    Sadly, many do

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