more details on the repubs running up the debt
Here are the only OFFICAL budget numbers from the CBO - (United States Congressional Budget Office):
2000 - 236 Billion SURPLUS under Clinton
2001 - 128 Billion SURPLUS under Clinton
2002 - 158 Billion deficit under Bush with republican congress
2003 - 378 Billion deficit under Bush with republican congress
2004 - 413 Billion deficit under Bush with republican congress
2005 - 318 Billion deficit under Bush with republican congress
2006 - 248 Billion deficit under Bush with republican congress
2007 - 161 Billion deficit under Bush with republican congress
2008 - 459 Billion deficit under Bush with Dem congress
2009 - 1.4 Trillion deficit under Obama/Bush - (Bush was pres the first 4 months of this budget which includes his 700 billion in bailouts and the expected 600 billion deficit which was most of the 1.4 trillion)
Source : CBO Historical Budget Data
http://cbo.gov/ftpdocs/108xx/doc10871/historicaltables.pdf
Reagan increased our debt an average of 24% yearly...he tripled it from 934B to 2.6T (189%)
Bush increased our debt an average of 11% yearly...he doubled it from 5.7 to 10.6 trillion (91%)
Obama increased our debt 16% in his first year from 10.6 to 12.3 trillion (to stop a great depression)
(Data from the US Treasury Bureau of Public Debt -
Government - Debt to the Penny (Daily History Search Application))
FACTS SHOW THAT REPUBLICANS DO THE OPPOSITE OF WHAT THEY CLAIM...THEY CREATE RECORD DEFICITS AND RECORD DEBTS AND BLAME IT ON DEMOCRATS
1 month ago Report Abuse
Bush left a 1.2 trillion deficit for Obama.
(Source 2: Congressional Budget Office - Annual Budget and Economic Report and testimony before Congress on Jan 8, 2009) (Declares a 1.2 trillion deficit for fiscal year 2009 ---2 weeks before obama takes office)
http://cbo.gov/ftpdocs/99xx/doc9958/01-08-Outlook_Testimony.pdf
blaming Obama doesnt change the facts.