This is a huge mistake folks. I don't give a damn what conservatives think. The fact is that everything conservatives have ever said or proposed has been wrong.
That's enough from you asshole! Permanent Ignore!
Well lets see. Reagan set records fro deficits. The deficits were so bad that Bush had to raise taxes when he said read my lips. But he didn't raise them enough to stop the bleeding so Cintron had to raise them because of the damage Reagan caused and so here comes Newt with all this liberals this and liberals that mess. So then you got in 2000 absolute republican control of DC and in 7 years we faced a depression with new record deficits set because of conservative policies.
Everything conservatives have said has been wrong.
Which President put America further in debt, IM2...Ronald Reagan or Barack Obama?
Bush's policies might have added significantly to the debt
while Obama was in office.
While Bush's rate of rise was slower,
he nearly doubled the US debt ( 86% ) compared to Obama ( 49% ).
In fact, the upward trend began with Ronald Reagan’s fiscal 1982 budget, declined somewhat from fiscal 1997 through 2001, and resumed the upward climb with George W. Bush’s first budget in fiscal 2002 (which started Oct. 1, 2001).
And the rise accelerated as the economy slid into the worst recession since the Great Depression, starting in December 2007. As the economy shrank, the debt-to-GDP ratio jumped 5 percentage points in the fiscal year that started Oct. 1, 2007, and another 14.8 percentage points during the following year. Obama took office nearly one-third of the way into that 12-month period. At the time, the nonpartisan Congressional Budget Office was projecting the deficit for that fiscal year would be $1.2 trillion. It later rose to $1.4 trillion after enactment of Obama’s economic stimulus package, to be followed by back-to-back deficits of nearly $1.3 trillion in fiscal 2010 and $1.3 trillion again in fiscal 2011.
If we break this down, we can see that the
cost of Bush's policies amount to more than five times the cost of Obama's policies. The Bush tax cuts plus the costly Iraq and Afghanistan wars cost about 2.5 trillion dollars in debt. Also, the Bush administration overspending on defense cost another 1.2 trillion, which spiraled the debt out control. Let's now take a look at Obama's policies. Much of his spending has focused on the
American Reinvestment and Recovery Act, but even more has come from a combination of a two-year extension of the Bush tax cuts and other mandatory spending. However, Obama's increased focus on deficit reduction has paid off significantly in the long run. Automatic spending cuts have reduced the deficit by $503 billion, and cuts to defense and Health Care have amounted to a total of about $400 bilion.
Assuming the accuracy of this chart, we can conclude that:
The cost of Bush's policies was $5.1 trillion, and the cost of Obama's policies was a mere $983 billion.
You also have to take into account that the year of 2009, in which the debt escalated rapidly, was not the blame of Obama. A new president is forced to adopt the old president's fiscal policies for one year, before they can implement their own more successfully. Therefore, excluding the stimulus package, one added year of debt can be mostly attributed to Bush and his policies.
Bottom Line: It's not fair to blame the debt situation on Obama, singularly because the debt numerically went up more than it did under Bush. Bush inherited a booming economy at the time of his inauguration, but his handling of many events left the country absolutely devastated; Hurricane Katrina, 9/11 (two unnecessary wars), and the looming recession. Obama inherited a country that couldn't go further down, in one of the worst recessions since the Great Depression. He had to live with the Bush tax cuts for 2 years, and two long, brutal wars for 2 after that.
https://www.quora.com/Who-created-more-debt-–-Bush-or-Obama
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