The Obama budget deficits originated during the Bush presidency.....Much of that was expenditures that the Bush Administration failed to put on the books.Cost of 6 years of Obama = 17 trillion (give or take).
6 years later and you're still blaming Bush. The fact of the matter is that Obama spent more money during his first year in office than all the previous Presidents did -- combined!!
1. Tax cuts 2001-2002 (4 trillion over 10 years)
2. Prescription drug benefits (1 trillion over 10 years)
3. Economic meltdown of 2008 ( 3 trillion and rising)
4. Wars in Iraq and Afghanistan (2 trillion and winding down)
"Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined"
"(CNSNews.com) - The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30."
Obama Has Now Increased Debt More than All Presidents from George Washington Through George H.W. Bush Combined CNS News