deanrd
Gold Member
- May 8, 2017
- 29,411
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- #41
Hmmm, yea, let's see.Tonight rump blamed Obama for the debt under his administration.
1) Most of that debt was due to the Bush Administration's worst recession in 80 years as the deficit in 2009 was estimated to be over a trillion even before Obama took office.
2) Trump had made no improvements in the deficit since taking office despite taking over in a the midst of the longest streak (broken by Trump) of job gains & low unemployment
3) If you want to see huge deficits again, let Trump pass his tax plan. The Bush tax cut was a major part of that Great Recession
Iraq war and Afghanistan war BEFORE "Mission Accomplished" - 1 trillion
Iraq rebuilding and Afghanistan AFTER "Mission Accomplished" - 3 trillion
Deficit creating Bush tax cuts - revenue lost - three trillion
Unpaid for Medicaid drugs to buy seniors vote - 1.5 trillion
It's estimated the Bush/GOP recession cost the economy - 22 trillion
When you start adding up all the mess and disaster the GOP and Bush put this country through and the fact they took away methods to raise revenue, the deficit is way, way less than it could have been.