- Thread starter
- #141
Fine then all of Obama's deficit spending came from debt and commitments compiled prior to 2009!You're the one who said 2007 added only 163 billion to the DEBT, when it added 500 billion to the DEBT.
And Bush alone owns the deficits and debt through fiscal year 2009.
But at least you abandoned your "accumulation of previous debt" rationalization once it was shown how it hurts your precious GOP the most!!!![]()
and that statement is true
The deficit for the year 2007 added 163 billion dollars
the rest came from debt compiled prior to 2007
2009 has part of the failed stimulus as well as 50% of tarp added to it that Obama used
GWB had nothing to do with the failed stimulus and his 1/2 of tarp we got back except AIG
Job loss also cost us 600 billion dollars in revenue
That mostly occurred after Obama took office
Look at the links dude
to be honest without the job loss and the failed stimulus we were not that bad of shape. The job loss hurt us the most that year with adding 400 billion to the budget GWB signed off on
Submitted to 110th Congress
Total revenue $2.7 trillion (requested)
$2.105 trillion (enacted)[1]
Total expenditures $3.107 trillion (requested)
$3.518 trillion (enacted)[1]
Deficit $407 billion (requested)
$1.413 trillion (enacted)[1]
All we heard from CON$ was that almost none of the stimulus was spent in 2009, and we got nothing back from the TARP money Bush spent because he put no restrictions on the money he literally gave to his bankster friends. It was Obama who put the restrictions that led to any of the TARP money being paid back.
STOP THE STIMULUS! - NYPOST.com
STOP THE STIMULUS!
90% HASN'T BEEN SPENT. LET'S KEEP IT THAT WAY.
By CASEY B. MULLIGAN
Last Updated: 6:23 PM, August 12, 2009
You might want to look at this link, funny you said this
Bailout List: Banks, Auto Companies, and More | Eye on the Bailout | ProPublica
that takes care of who did what and still owes tarp comment
Now exactly when did the failed stimulus kick in?
http://www.google.com/url?sa=t&rct=...0rCSBQ&usg=AFQjCNFB1QMunlJI43pI-18qTvT9X1I5rg
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 Obamas 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.
We know now that his budget added 5 trillion in before 2012 (Obama)