Bush assumed a balanced budget with surpluses projected all the way to a paid off debt. Guess what the cowboy wannabe did? That's right sport's fans, cut tax rates for rich folks twice, started two wars, one totally unnecessary, never cut spending a dime and doubled the national debt from $5.7 to $11.9 trillion. What a leader!
Idiot.
Bush assumed an economy falling into recession as a result of CLinton's raising taxes and the bust of the dot com boom. Also he inherited Clinton's failed terrorism policy that caused 9/11.
Quit blaming Bush, dumbshit. Obama and the Dems own this economy and this foreign policy and everyone knows they have failed.
And let's not forget that Clinton signed the deregulation that caused the too big to fail fiasco and he signed it in December of his last year in office
George W. Bush screwed things up. Bill Clinton left an unemployment rate of 4.3%, a balanced budget with surpluses projected all the way to a paid up debt. The first thing Bush did was to cut taxes twice, 2001 and 2003. It's what Republicans do.....they've done it ever since Reagan screwed everything up:
The Republicans never have seen a tax cut for corporations and the rich they didn't like but never have quit spending for their pet projects and war machine:
These figures came from the bureau of the debt....they're easily verified:
......................................................Total U S Debt......................................................
09/30/2009 $11,909,829,003,511.75
(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49
(Times Square Debt Clock Modified To Accommodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86
(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43
(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38
( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00
(Total Debt Passes $1 Trillion)((Reagan Slashed Tax Rates To Pre Depression Levels)
09/30/1981 $997,855,000,000.00