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2006 Democrats win both houses of Congress...lets start there...
They didn't take office till 2007.
Did you actually read that blog before you posted it?
What a ridiculous pile of B.S.
These guys will say anything to deflect from the truth.
And here it is...the truth...Debt to GDP Ratio...Obama vs. Bush:
File:Federal debt to GDP - 2000 to 2010.png - Wikipedia, the free encyclopedia
Heh ... I agree. The truth is that what are experiencing today is thanks to the Bush administration.
The truth is that what are experiencing today is thanks to the Bush administration.
Bush had a Democratic controlled Congress from 2007 to 2008. He had no input on the budget.
Brian Beutler | August 24, 2011
Only a small part of Obama's inherited shortfall came from the 2008 bank bailouts, which though large, were quickly recouped and at this point, taken in isolation, have cost the country very little. Obama more directly owns other chunks of the debt -- attributable largely to the stimulus, the tax deal and arguably his continuation of the wars. But the figures are fairly small compared to the overall debt, the vast bulk of which was baked into the cake when he took office.
Much More: Economists: GOP Cites Deeply Flawed CBS Report To Blame Debt On Obama | TPMDC
Cute.... but reality bites - you have to go back further than Bush on this clusterfuck Art. You know that - you just need to be honest enough to say it.
The stupid will 'blame' Obama.
Other stupid will 'blame' Bush.
I can come home when I feel like it.
I just love how the left spin things. Questin. When is it Obama fault?? He has been in office almost 3 years and added to our debt by 4 trillion. Just asked for another 2 million in a blank check when the debt ceiling got raised
I just love how the left spin things. Questin. When is it Obama fault?? He has been in office almost 3 years and added to our debt by 4 trillion. Just asked for another 2 million in a blank check when the debt ceiling got raised
So tell us EXACTLY what he did to add 4 trillion to the deficit.
Brian Beutler | August 24, 2011
Only a small part of Obama's inherited shortfall came from the 2008 bank bailouts, which though large, were quickly recouped and at this point, taken in isolation, have cost the country very little. Obama more directly owns other chunks of the debt -- attributable largely to the stimulus, the tax deal and arguably his continuation of the wars. But the figures are fairly small compared to the overall debt, the vast bulk of which was baked into the cake when he took office.
Much More: Economists: GOP Cites Deeply Flawed CBS Report To Blame Debt On Obama | TPMDC
The Democrat controlled Senate has not passed a budget in almost two years. Talk about not having any numbers. When are they going to do the job that they are being paid for very well?Righties hate numbers. THey prefer feelings. Change the thread to "I'm an awesome-o patriot!"
Oh shit, you're right. I remember they even presented a budget with no numbers...
Brian Beutler | August 24, 2011
Only a small part of Obama's inherited shortfall came from the 2008 bank bailouts, which though large, were quickly recouped and at this point, taken in isolation, have cost the country very little. Obama more directly owns other chunks of the debt -- attributable largely to the stimulus, the tax deal and arguably his continuation of the wars. But the figures are fairly small compared to the overall debt, the vast bulk of which was baked into the cake when he took office.
Much More: Economists: GOP Cites Deeply Flawed CBS Report To Blame Debt On Obama | TPMDC
It ignores key facts about the nature of government debt. For instance the nominal size of the debt isn't important except as compared to the concurrent size of the economy -- the debt-to-GDP ratio. Additionally, if growth of debt over time is what you're interested in, then the key question is percent-growth, not nominal growth.
"Since the President was inaugurated, debt held by the public has increased just under $3.7 trillion (note, that in this case, using debt held by the public does not dramatically change the story - but it is the right number to use)," Horney notes.