Obama has piled up more debt in 7 years than Bush did in 8 years
that's because the debt Bush left is added into the national debt and passed on to the next POTUS .. some guy named Obama.
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Enough of 'amateur hour'...
With a divided Congress controlling Congress, the US Congress actually passed a budget, which is required by law annually.
in Bush's 1st 6 years a total of $1.5 Trillion in new debt was added, and that is 6 years during 9/11/01, the economic aftermath, and 2 wars.
In Bush's last 2 years the democrats took over Congress with a near Super Majority - 3 votes shy. It was THEIR Congress, and they controlled spending, the purse strings. In the last 2 years of the Bush administration $2.5 of the $4 trillion added over 8 years was added. Yes, Democrats controlling federal spending added $2.5 trillion in those last 2 years, $1 trillion more than Bush had in 6 years with a divided Congress. As an additional 'bonus' Democrats STOPPED passing anymore Budgets (again which were / are required by law annually) and another Budget would not be passed for 5 (FIVE) years.
It is argued that the economy started to go down in Bush's last 2 years...coincidently which is when Democrats took over and controlled federal spending. They controlled Congress with that near super majority for 4 years, until the end of Obama's 2nd year in office. SO THE FALLING ECONOMY OBAMA WHINED ABOUT INHERITIING WAS HIS OWN PARTY'S ECONOMY, NOT THAT OF BUSH! (Last 2 years of Bush + 1st 2 years of Obama!)
Obama went on to add $7.1 TRILLION in new debt in his 1st 4 years, setting US Records for 'monthly', 'annual', and 'total' deficit-spending. Though Liberals whine that it isn't true, Obama also secured the 1st US Credit Rating Downgrade. Despite being warned that if he did not accept the call for more / increased budget cute to show he was serious about reducing the deficit the credit rating would be cut. Obama ignored the warning, and the credit rating was down-graded. Obama responded by sending multiple agencies to audit and harass the bank.
Liberals now claim that Obama has not only balanced the deficit but has also CUT the deficit. Yeah, this is deceitful as hell because as shown the deficit has EXPANDED - it has not been cut. What he and Congress has done is to balance / cut the ANNUAL spending budget. We are still barely paying off what we owe and the interest on what we owe.
And in a move that does not look promising, the politicians in Washington just eliminated the debt ceiling and is granting Obama what amounts to be a blank check to add as much as he wants to it until the end of his term in office (through 2017, the budget for which is passed by the 2016 Congress).