What A Difference Four Years Makes

FLASHBACK: When Obama Last Visited Kent State University As A Candidate, He Lamented The Fact That Incomes Had Declined By $2,000 And The National Debt Had Increased By $4 Trillion. OBAMA: “When Bill Clinton was president, the average family income went up $7,500; $7,500. Since George Bush has been president, you know what it’s done? It’s gone down $2,000. Think about that. That’s a $9,500 swing; $9,500. That’s money out of your pocket. That’s money going out of this country because we’re borrowing it from China to send to Saudi Arabia to buy oil. That’s what’s added $4 trillion to our deficit. I mean, think about that. You know, so we’ve created a mountain of debt for the next generation that they’re going to have to pay off. This little guy, he’s not too worried about it right now, but, you know, we’ve created $30,000 worth of debt for every man, woman and child in America. That’s going to have to be paid back.” (President Barack Obama, Remarks At Kent State University, New Philadelphia, OH, 9/3/08)

UNDER OBAMA, MEDIAN INCOMES IN OHIO HAVE DECLINED BY OVER TWICE THE AMOUNT HE DECRIED WHILE CAMPAIGNING THERE FOUR YEARS AGO

Under Obama, Median Household Income In Ohio Has Declined By $4,387, From $50,136 To $45,749. (U.S. Census Bureau, Accessed 9/26/12)

In 2010, Ohio Households Were “Poorer” Than They Had Been In More Than 25 Years. “Ohio households were poorer last year than they’ve been in more than 25 years, and the number of people living in poverty is higher than it’s been in more than 30 years, according to a census report released yesterday.” (Bill Bush, “Median Income In Ohio Hits 27-Year Low,” Columbus Dispatch, 9/14/12)

“The Inflation-Adjusted Figure Hasn’t Been Lower For Ohio Since Officials Began Keeping That Record In 1984, Census Officials Said.” (Bill Bush, “Median Income In Ohio Hits 27-Year Low,” Columbus Dispatch, 9/14/12)

UNDER OBAMA, THE DEFICIT HAS INCREASED BY MORE THAN THE AMOUNT HE ASSAILED IN OHIO FOUR YEARS AGO

“This Is The Fourth Straight Year That The Deficit Will Exceed One Trillion Dollars, All Under President Obama.” (Erik Wasson, “CBO Says 2012 Deficit Has Reached $1.17T,” The Hill, 9/10/12)

  • FY2009: The Federal Budget Deficit Was $1.413 Trillion, The Highest In U.S. History. (“Monthly Budget Review: November 2011,” Congressional Budget Office, 11/7/11)
  • FY2010: The Federal Budget Deficit Was $1.294 Trillion, The Third Highest In U.S. History. (“Monthly Budget Review: November 2011,” Congressional Budget Office, 11/7/11)
  • FY2011: The Federal Budget Deficit Was $1.299 Trillion, The Second Highest In U.S. History. (“Monthly Budget Review: November 2011,” Congressional Budget Office, 11/7/11)
  • FY2012: The OMB Predicts The Deficit For FY2012 Will Be $1.211 Trillion, The Fourth Highest In U.S. History.(Office Of Management & Budget, “Mid-Session Review: FY2013,” The White House, 7/27/12)

UNDER OBAMA, “THE MOUNTAIN OF DEBT FOR THE NEXT GENERATION” HAS SKYROCKETED

Since Obama Took Office, The National Debt Has Increased By Nearly $5.4 Trillion, An Increase Of Over 50 Percent.(U.S. Treasury Department, Accessed 9/26/12)

  • “The U.S. National Debt Has Topped $16 Trillion As Chronic Government Deficits Have Piled More Than $50,000 Worth Of Debt Onto Federal Ledgers For Every Man, Woman And Child In The United States.” (Andrew Taylor, “U.S. National Debt Hits $16 Trillion,” The Associated Press, 9/4/12)

 

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