|
tazzygirl -> RE: What is the Republican plan? (10/25/2010 9:01:09 PM)
|
Obama has not tripled the debt.
Learn to read.
It’s true that deficits have grown under Obama, but not even close to as much as Hensarling claimed. The simple fact is that Obama inherited a federal deficit of $1.2 trillion on the day he was sworn in last year. Barely two weeks earlier, the nonpartisan Congressional Budget Office issued its regular "Budget and Economic Outlook" document, stating:
CBO, Jan. 2009: The federal fiscal situation in 2009 will be dramatically worse than it was in 2008. Under the assumption that current laws and policies remain in place (that is, not accounting for any new legislation), CBO estimates that the deficit this year will total $1.2 trillion, more than two and a half times the size of last year’s.
That $1.2 trillion projected deficit — the result of bills signed by Republican President George W. Bush — grew substantially after Obama signed his stimulus bill and submitted his own budget. But even so, by the time the fiscal year ended Sept. 30, the actual deficit was $1.4 trillion, CBO said.
http://factcheck.org/2010/02/a-texas-size-whopper/
|
|
|
|
