How much debt did GWB add? the truth

Discussion in 'Politics' started by JRK, Jul 24, 2011.

  1. JRK
    Offline

    JRK Senior Member

    Joined:
    Feb 27, 2011
    Messages:
    7,488
    Likes Received:
    312
    Trophy Points:
    48
    Ratings:
    +312 / 0 / -0
    The Bush Deficit, the Clinton Surplus and TARP by Gregory Hilton | The DC World Affairs Blog

    Auditor 00007 just called me a liar on another thread when I stated how much debt GWB added without intrest from the total
    09 is open for debate and to be honest the last GOP budget was 07
    But thru 08 it was well below 2.5 trillion
    thats the number I used
    If we are to give 1/2 of 09 (he did not sign the 09 budget) to GWB then it would be close to 2.5 trillion

    any-one want to contest the link I have?
    Being called a liar is something I do not take lightly
  2. kyzr
    Offline

    kyzr Senior Member

    Joined:
    Oct 14, 2009
    Messages:
    3,203
    Likes Received:
    388
    Trophy Points:
    48
    Ratings:
    +388 / 0 / -0
  3. The Rabbi
    Offline

    The Rabbi Gold Member

    Joined:
    Sep 16, 2009
    Messages:
    44,139
    Likes Received:
    3,834
    Trophy Points:
    140
    Location:
    Nashville
    Ratings:
    +4,052 / 47 / -0
    And we know Wiki is infallible.

    In any case, I do not recall any ratings agency threatening to downgrade US debt while Bush was president. Not even in the last months in office did they put the US on watch with negative implications. No, all of that came after 3 years of Barack Obama and solid Dem majorities in Congress.
    • Like Like x 2
  4. Trajan
    Offline

    Trajan conscientia mille testes Staff Member

    Joined:
    Jun 17, 2010
    Messages:
    29,050
    Likes Received:
    4,749
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,749 / 1 / -0
    no I think thats right, even with iraq afghan counted...
  5. Trajan
    Offline

    Trajan conscientia mille testes Staff Member

    Joined:
    Jun 17, 2010
    Messages:
    29,050
    Likes Received:
    4,749
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,749 / 1 / -0
    then again heres CBS


    September 29, 2008 12:20 PM

    Bush Administration Adds $4 Trillion To National Debt

    By
    Mark Knoller

    It's the biggest increase under any president in U.S history.

    On the day President Bush took office, the national debt stood at $5.727 trillion. The latest number from the Treasury Department shows the national debt now stands at more than $9.849 trillion. That's a 71.9 percent increase on Mr. Bush's watch.


    more at-

    Bush Administration Adds $4 Trillion To National Debt - Couric & Co. - CBS News

    Now, even f they did not add iraq or afghan. which they do not say or not,

    they came to; approx. 850 Billion.

    http://www.fas.org/sgp/crs/natsec/RL33110.pdf


    so lets call it 5.5 and not quibble.
  6. edthecynic
    Offline

    edthecynic Censored for Cynicism

    Joined:
    Oct 20, 2008
    Messages:
    18,743
    Likes Received:
    1,649
    Trophy Points:
    73
    Ratings:
    +1,656 / 3 / -0
    BULLSHIT!!!!!! You LIAR!!!!!

    Government - Historical Debt Outstanding - Annual 2000 - 2010

    Total National Debt
    09/30/2008 - $10,024,724,896,912.49
    09/30/2001 - $5,807,463,412,200.06
    Last edited: Jul 24, 2011
  7. NYcarbineer
    Offline

    NYcarbineer Gold Member

    Joined:
    Mar 10, 2009
    Messages:
    45,703
    Likes Received:
    3,935
    Trophy Points:
    140
    Ratings:
    +4,034 / 24 / -0
    Calculate it here:

    Debt to the Penny (Daily History Search Application)

    I'm getting about 5 trillion.
  8. JRK
    Offline

    JRK Senior Member

    Joined:
    Feb 27, 2011
    Messages:
    7,488
    Likes Received:
    312
    Trophy Points:
    48
    Ratings:
    +312 / 0 / -0
  9. del
    Offline

    del BANNED

    Joined:
    Sep 3, 2008
    Messages:
    45,052
    Likes Received:
    9,817
    Trophy Points:
    0
    Ratings:
    +9,817 / 0 / -0
  10. bucs90
    Offline

    bucs90 Silver Member

    Joined:
    Feb 25, 2010
    Messages:
    9,696
    Likes Received:
    1,537
    Trophy Points:
    90
    Ratings:
    +1,624 / 23 / -0
    Hey guys, you do know Barack Obama is in charge now. He's in charge. He's in charge. You must one day FINALLY accept the fact that Barack Obama is in charge. It's HIS watch now. Not Bush's.
  11. JRK
    Offline

    JRK Senior Member

    Joined:
    Feb 27, 2011
    Messages:
    7,488
    Likes Received:
    312
    Trophy Points:
    48
    Ratings:
    +312 / 0 / -0
    I knew when I asked this question not one Liberal could do the right thing
    i even provided a link to
    How can we ever fix whats wrong with this great nation when people are so blind to the truth

    Bush Deficit vs. Obama Deficit in PicturesThe Foundry: Conservative Policy News Blog from The Heritage Foundation

    UPDATE: This graph is now over one year old. For up to date information see this post: Budget 2011: Past Deficits vs. Obama’s Deficits in Pictures

    President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s.
    What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details:

    President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
    President Bush began a string of expensive finan*cial bailouts. President Obama is accelerating that course.
    President Bush created a Medicare drug entitle*ment that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new govern*ment health care fund.
    President Bush increased federal education spending 58 percent faster than inflation. Presi*dent Obama would double it.
    President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already in*creased this spending by 20 percent.
    President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.
    President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
    UPDATE: Many Obama defenders in the comments are claiming that the numbers above do not include spending on Iraq and Afghanistan during the Bush years. They most certainly do. While Bush did fund the wars through emergency supplementals (not the regular budget process), that spending did not simply vanish. It is included in the numbers above. Also, some Obama defenders are claiming the graphic above represents biased Heritage Foundation numbers. While we stand behind the numbers we put out 100%, the numbers, and the graphic itself, above are from the Washington Post. We originally left out the link to WaPo. It has now been added.
    CLARIFICATION: Of course, this Washington Post graphic does not perfectly delineate budget surpluses and deficits by administration. President Bush took office in January 2001, and therefore played a lead role in crafting the FY 2002-2008 budgets. Presidents Bush and Obama share responsibility for the FY 2009 budget deficit that overlaps their administrations, before President Obama assumes full budgetary responsibility beginning in FY 2010. Overall, President Obama’s budget would add twice as much debt as President Bush over the same number of years.
  12. JRK
    Offline

    JRK Senior Member

    Joined:
    Feb 27, 2011
    Messages:
    7,488
    Likes Received:
    312
    Trophy Points:
    48
    Ratings:
    +312 / 0 / -0
    Ok, So a portion of GWB debt was Clinton,s fault
    then Clinton never had a surplus
    The Myth of the Clinton Surplus
    Fiscal
    Year Year
    Ending National Debt Deficit
    FY1993 09/30/1993 $4.411488 trillion
    FY1994 09/30/1994 $4.692749 trillion $281.26 billion
    FY1995 09/29/1995 $4.973982 trillion $281.23 billion
    FY1996 09/30/1996 $5.224810 trillion $250.83 billion
    FY1997 09/30/1997 $5.413146 trillion $188.34 billion
    FY1998 09/30/1998 $5.526193 trillion $113.05 billion
    FY1999 09/30/1999 $5.656270 trillion $130.08 billion
    FY2000 09/29/2000 $5.674178 trillion $17.91 billion
    FY2001 09/28/2001 $5.807463 trillion $133.29 billion


    Obama's debt is about the same in 2 that GWB was in 8
    Policy means nothing
    and we grade each president on the policies of the president prior to his taking office

    You cannot have it both ways
    • Like Like x 1
  13. del
    Offline

    del BANNED

    Joined:
    Sep 3, 2008
    Messages:
    45,052
    Likes Received:
    9,817
    Trophy Points:
    0
    Ratings:
    +9,817 / 0 / -0
    whatever, dude. this blame game is beyond stupid.

    you seem to enjoy it, though.

    go figure
  14. JRK
    Offline

    JRK Senior Member

    Joined:
    Feb 27, 2011
    Messages:
    7,488
    Likes Received:
    312
    Trophy Points:
    48
    Ratings:
    +312 / 0 / -0
    i was called a liar in another post
    this has nothing to do with blame and every thing to do with facts
  15. NYcarbineer
    Offline

    NYcarbineer Gold Member

    Joined:
    Mar 10, 2009
    Messages:
    45,703
    Likes Received:
    3,935
    Trophy Points:
    140
    Ratings:
    +4,034 / 24 / -0
    How can a portion of the debt be Clinton's fault, exactly?
  16. bucs90
    Offline

    bucs90 Silver Member

    Joined:
    Feb 25, 2010
    Messages:
    9,696
    Likes Received:
    1,537
    Trophy Points:
    90
    Ratings:
    +1,624 / 23 / -0
    OBAMA is in charge. We're under HIS watch.

    What is HE gonna do NOW and in the FUTURE to help this nation.

    HE is in charge. Period. No rear view mirror.
  17. NYcarbineer
    Offline

    NYcarbineer Gold Member

    Joined:
    Mar 10, 2009
    Messages:
    45,703
    Likes Received:
    3,935
    Trophy Points:
    140
    Ratings:
    +4,034 / 24 / -0
  18. NYcarbineer
    Offline

    NYcarbineer Gold Member

    Joined:
    Mar 10, 2009
    Messages:
    45,703
    Likes Received:
    3,935
    Trophy Points:
    140
    Ratings:
    +4,034 / 24 / -0
    If Obama were 'in charge' the debt ceiling would have been raised by now and we would not be facing a crisis in a week.
  19. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Likes Received:
    816
    Trophy Points:
    48
    Ratings:
    +816 / 0 / -0
    Yeah.....let's (instead) reference that "Master O' Integrity" (and, all-around FAUX Noise good-guy)....

    BUSH'S BRAIN!!!!

    $ $ $

    [​IMG]
  20. NYcarbineer
    Offline

    NYcarbineer Gold Member

    Joined:
    Mar 10, 2009
    Messages:
    45,703
    Likes Received:
    3,935
    Trophy Points:
    140
    Ratings:
    +4,034 / 24 / -0
    Bush left Obama with a 458 billion dollar deficit. Are you subtracting that from what you're trying to blame Obama for?

    If Obama had kept spending AT 2008 levels, i.e., Bush levels, his 2009 deficit would still have been 880 billion.

Share This Page