Yes, and the American healthcare system was suppose to collapse and the country would be in bankruptcy. Today unemployment is 5% versus 7% when Obama entered office. The deficit today is no higher than when he became president and is down a trillion dollars from it's peak in 2009.
Well...the American healthcare system doesn't look too good. And the deficit in 2015 looks to be about 800 billion or so. A bit under Bush's last budget, but when you're going to add 9 trillion to the debt during your watch, is this all that good? Oh and the peak in 2009? Who signed that budget?
You need to do some research because the deficit has been slashed by Obama from what the bush boy left us to deal with.
The bush boy left us with 1.4 trillion in deficit.
As of the end of 2015 the deficit stands at 468 billion.
The bush boy took us to an historic high in deficit that I hope we will never see again.
Unfortunately the debt keeps rising but it can't be cut until the deficit is eliminated.
We are on track to have that deficit eliminated but only if don't get another republican president.
2015 Will Continue Streak Of Shrinking U.S. Budget Deficit : The Two-Way : NPR
Your mistake is you're chasing the wrong rabbit. Like most of the idiots who don't know the difference between deficit...and debt. Oh and the highest addition to the debt, 2009, signatory of that year's budget....Barrack Hussein Obama. Point of fact, his first 4 fiscal years all dwarfed anything Dubya did. That's how you get 9 trillion or so added to the debt during one presidency, and 4.9 in the prior one.
Hint: Debt's how much you actually spent more than you took in.
Oct 1, 2015 debt. 18,150,616,066,342.53
Jan 1, 2016 debt 18,825,061,664,535.94
Can you do that math, or do I need to do that for you too?
You have made a huge mistake.
I know the difference between deficit and debt. My education is in accounting.
Your post was about the DEFICIT You said it was around 800 billion or so.
I posted the truth that you're wrong so you change the subject.
If you want to talk about apples and oranges fine, I won't debate you.
You also ignored my post that said the debt keeps increasing but it can't be decreased until the deficit is eliminated.
You see I actually know about economics and finance. Which is why I put in the part about the debt and it can't be eliminated until the deficit is eliminated.
Deficit is the difference between expenses and revenue when the expenses exceed the revenues.
You picked the wrong person to lie to.
Oh and the debt was nearly 13 trillion when Obama took office but you don't have any problem with the bush boy more than doubling the debt and creating a deficit when we didn't have one and had a surplus.
And don't give me that lie that the deficit wasn't eliminated and there was no surplus. It was the republican's excuse for their first round of tax cuts. Not pay off the debt but create more debt and a new deficit by giving a huge tax cut to people who didn't need it.
Ah yes, you are correct. 800 billion in debt. My mistake, is currently about 675 billion or so for the current fiscal year though (I did the math for you since it seemed to be a problem)
You can have a "surplus" in deficit spending (see Clinton) and do nothing at all to reduce the debt. Hence the fact the US government has added debt every year since 1957. That's not a lie, that's called a fact. See US Treasury for the numbers.
Since you're talking about surplus you have to be talking about Eisenhower...since the last one was in 1957.
BTW, debt as of 1/21/2009, day one of Barrack Hussein Obama's presidency.....10,625,053,544,309.79. Way off 13 trillion isn't it?
debt as of 1/21/2001, day one of Dubya's presidency....5,727,776,738,304.64
Now if my math is right, and it usually is 5.7 x 2 is 11.4, so more than doubling would require the debt to be a lot higher than.....10.6? Just a guess.......
Hint: If you spent the money....you spent it. If your education is in Accounting...you might want to get a refund.