Wow, with such a rosy view the Republicans give us, then how did Bush go from a surplus to trillions in debt even before Obama became president?
WANT ME TO REPEAT the litany of events that no other presidency have ever had to deal with in their 8 years?
Are you that f...king dumb and blind???
Is it so hard to admit that the dot.com bust, the recession, that 9/11, that the worst hurricanes occurred? Are you that idiotic to dispute these events never happened?
Once again RDEAN seems to get confused easily!!!
"Surplus to trillions in debt"!
A) YOU are confusing DEBT with DEFICIT! Do you understand the difference?
The national debt under CLINTON was $5.629 trillion.
Eight years later, the federal debt stood at
$9.986 trillion.
Under President Obama: The debt started at
$9.986 trillion and At the end of FY 2016 the gross US federal government debt is estimated to be
$19.3 trillion,
www.usgovernmentdebt.us/
B) Clinton's last budget spent less then revenue coming in... SURPLUS!!! NOT DEBIT..
C) Bush's spending versus revenue coming in:
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later due to dot.com/9-11 losses against revenue.
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit..
Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5%
deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7%
deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7%
deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly... AND TARP was paid back with a $60 billion profit to the USA
AGAIN that payback was added to Obama's revenues in 2009,2010,etc... so he still blew more money!
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=20
So what excuse does Obama have for increasing the national debt by over 94% ? Was there an attack equal to 9/11? How about NO hurricanes in 10 years?