Musicmystery
Posts: 30259
Joined: 3/14/2005 Status: offline
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quote:
Obama has TRIPLED the deficits run up by Bush Bush's last pre-election year budget (10/07 - 9/08): $2.9 trillion a net deficit of approximately 240 billion dollars, adding to a United States governmental debt of about $10.8 trillion. Bush's last budget (10/08-9/09): $3.1 trillion a net deficit of approximately $1.42 trillion dollars, adding to a United States governmental debt of about $11.4 trillion. Obama's budget (10/09-9/2011): $3.55 trillion The deficit is forecast to decline to $1.17 trillion in 2010 and $533 billion by 2013. So truth is, Obama's budget increase is 14.5%, with a deficit decrease of 17.6%. Now, in Sept. 2000, just before Bush took office, the budget ran a surplus of $230 billion; the national debt was $5.6 trillion. In 8 years, then, Bush more than doubled the national debt, an increase of 103.6%, and brought us from budget surpluses to record deficits. So in other words, you are absolutely full of shit.
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