Ray From Cleveland
Diamond Member
- Aug 16, 2015
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You right wingers keep clinging to that bullshit line and someday....perhaps when the other half of your brain kicks in.......you too would realize that GWB's UNPAID for war that was never in the books, finally showed up as the bill after a night of drunken stupors......then add that UNPAID for Medicare Dis=Advantage, and you have your screwed up debt under Obama figured out.
Perhaps some other right winger who is a bit brighter can figure out the difference AND the correlation between deficit and debt,,,,,,and perhaps you could see that Obama actually reduced the deficit that contributes to the debt.I'm not expecting you right wingers to EVER like Obama....you're too busy licking your wounds......but facts are facts whether they fit your ideology or not. ..
I think they don't fit yours.
Look at the deficit chart sometime. When did that deficit start to go down? If you guessed after the Republicans took over Congress, then you get a gold star. And that wasn't easy since DumBama wanted to spend more and more while the Republican Congress wanted to spend less and less.
In fact, this spending battle between DumBama and the Republicans led us to the US losing our three star credit rating for the first time in US history. It led to the sequester. It led to the government shutdown.
First you hypocrites complain how the economy is the Republicans fault for all their obstruction, and then start bragging how our deficit was reduced. Well what in hell do you think the Republicans were obstructing anyway?
Our ruling
A Facebook posts says, "Bush ‘borrowed’ $1.37 trillion of Social Security surplus revenue to pay for his tax cuts for the rich and his war in Iraq and never paid it back."
By law, the Social Security surplus is converted into bonds, and the cash is used by the Treasury to pay for government expenses. If we agree that this is "borrowing," every president since 1935 has done it, to fund all sorts of things. Even if Bush "borrowed" from the surplus, the amount is more like $708 billion, and the borrowing wasn’t earmarked for a special purposes.
As for not "paying back," the bonds won’t need to be repaid until 2020.
Overall, the claim is misleading and confuses many points. So we rate it Mostly False.
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