You can't blame the interest on the GOP national debt on Obama. And if deficits don't matter for Republicans, as Reagan "proved," then they don't matter now. Once the economy is stronger we can address the debt.
Gotta love it how the demodumdums blame republicans for a democrat congress' budget during a democrat presidency. Lib logic is flawless.
No, actually he didn't.
Notice how the debt accelerated during Bush's last two budget years. Obama's debt is a continuation of that trend and neither Bush nor Obama are directly responsible for that acceleration. It happened because of the recession. Bush set the all-time record by increasing the debt by $1.1 trillion in 100 days between July 30 and Nov 9, 2008—but that had little to do with his choices.
Recessions cut tax revenues—in this case, dramatically. That accounts for nearly half of the deficit. So blaming Obama for the full deficit is like blaming him for not raising the tax rate to keep tax revenues up. Most of the increased spending is automatic increases in unemployment benefits, food stamps, and social security payments for early retirement. Very little of it is from stimulus spending, and that's over.
The green line shows what would have happened to the national debt if Reagan and the Bushes had balanced their budgets as Reagan claimed he would. G.W. Bush, in all modesty, claimed he would "retire nearly $1 trillion in debt over the next four years. This will be the largest debt reduction ever achieved by any nation at any time."
Republicans are quite embarrassed by this performance, so they have invented a cover story: The Democratic Congress did it. Nice try. But for 12 of the 20 years the Congress was not Democratic. Also, presidents can veto, and when it was Democratic, Congress passed smaller budgets on average than the Republican Presidents asked for. Presidents propose the budget, and they have the most influence.
National Debt by President
You got your answer, you may not like it, but you got it. NOW is not the time for worrying about the debt. Now is the time for stimulating the economy even if it increases the debt. Once the economy recovers the debt can be addressed.
Yes, and Yes.
What happened to Bush's check to the banks for the bank bailout? Where did that money go?
30% increase across the board in his first year times 5years.
AARA of 2009.
2t and counting.
Need me to buy you a calculator?
Obamacare added nothing to the debt, in fact it has been taking in money.
One of the things the Right has been bitching about is that the ACA takes in money for 3 years before it starts to pay anything out.
Just pointing out that you were misinformed when you posted: "The left spends the last 4 years adding to the debt with Obamacare"
