Discussion in 'Economy' started by Toro, May 14, 2010.
National Debt by President | The Big Picture
As this graph ends only one month into Obama's term (through February 27, 2009) - most of his damage is not included. To call this The Big Picture is nonsense.
They had to stop there, they'd run out of paper if they put Obama's numbers on the graph........
Bush's third term.
That graph makes it clear how bad Dubya actually was as a president. Reagan doesn't look much better...if any.
More like the bastard spawn of Bush and Carter's first term.
And just for the record, all Reagan and BushI did was trade the deficits for 12+% inflation and 20+% interest rates, while Bubba only shrank spending and the overall deficit by emasculating the military.
All of which merely put Band-Aids on the impending demographic bomb about to explode, viz. entitlement spending.
The article is basically justifying Obama's FDR-level Deficite spending as a % of GDP because the current economy is so bad.
"You know, Paul, Reagan proved deficits don't matter." - VP Dick Cheney
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