Quote:
Originally Posted by crazy_eoj
Once again, the left leaning posters on this board move the goalposts, throw in a couple personal insults, and then puff out their chest in victory. Bravo!
For the rest of us, the facts: - 1 Under Obama US debt has hit more than 16 trillion dollars
- 2 Debt has increased more in Obama's first term than in Bush's 8 year term
- 3 US debt has increased at a much faster rate under Obama than Bush
- 4 Obama largely ignored his own deficit cutting committee, extending Bush tax cuts among other items, leading to debt levels not seen since WWII
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1) That is a fact
2) When Bush came in and at the start of his first full fiscal year (September 2001) the Debt was at 5.8 trillion. When he left, at the end of his last fiscal year (September 2009) the Debt was at 11.9 trillion dollars. This represents about a 107% increase. The debt has increased by about 37% in Obama's four years. Nobody who knows anything about US government financing would say that the October 2008 through September 2009 was Obama debt, the budget was already in place and most funding decisions were made long before he took office. Most people credit or blame the outgoing President for the budgetary decisions that appear to be on the incoming President's watch, this is because that reflects the reality of budgetary practice in Washington.
3) Just false, see above.
4) Not sure what you are talking about here, overall debt? debt to GDP? seems confusing.