Campbell
Gold Member
- Aug 20, 2015
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The dirty little secret is that Obama's increased spending to "fix the Bush mess" immediately became the new normal baseline. Thus, every year after the massive stimulus (that didn't stimulate) assumed the previous baseline PLUS the stimulus as the new baseline. It was a masterful subterfuge and way to drastically increase the budget while keeping the sycophant dupes completely in the dark.Apparently you can't do math.LIAR!The deficit was over an average of $1 trillion for each year of the Obama administration.
- FY 2010 - Obama's first budget created a $1.294 trillion deficit.
- FY 2011 - This budget contributed $1.3 trillion to the debt.
- FY 2012 - The deficit was $1.087 trillion.
- FY 2013 - This was the first Obama budget where the deficit, $679 billion, was less than $1 trillion. Thank sequestration, which forced a 10 percent cut in spending.
- FY 2014 - The deficit was $485 billion.
- FY 2015 - The deficit fell further, to $438 billion.
- FY 2016 - The deficit rose to $587 billion
- FY 2017 (Current Budget) - The deficit is projected to be $441 billion.
The debt increased by $10 trillion during Obama's 8 years.
Do the math: $10 trillion/8
It's like having a household budget in which you spend $75,000/year. Then you send a child to college, and need to spend an additional $25,000/year for 4 years, Most people would breath a sigh of relief after the 4 years are over and return to their normal spending patterns. Not government. Government simply assumes the additional spending is permanent. It may get spent elsewhere, but it will NOT go back down to the previous level.
That's why Trump has to deal with Obama's big early deficits.
LMAO! Now the interest on the debt is as much as the defense budget. You can bet your ass we will keep paying that whether we ever start working on the debt itself or not! When old Bill Clinton handed George W. Bush a surplus the stupid son-of-a-bitch immediately started cutting tax rates for the rich. Two big tax cuts, 2001 and 2003. All he had to do was leave things alone and the debt would have been completely paid off in 2012.