IcebergSlim
Diamond Member
- Oct 11, 2013
- 10,886
- 9,142
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- Banned
- #141
The first graph shows the difference between budget projections and budget reality. In 2001, President George W. Bush inherited a surplus, with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. But every year starting in 2002, the budget fell into deficit. In January 2009, just before President Obama took office, the budget office projected a $1.2 trillion deficit for 2009 and deficits in subsequent years, based on continuing Mr. Bush’s policies and the effects of recession.Bush's debt, unpatriotic
Obama's debt, patriotic.
Any question
http://www.nytimes.com/2011/07/24/opinion/sunday/24sun4.html?_r=0
“President Bush said today that there was a benefit to the government’s fast-dwindling surplus, declaring that it will create ”a fiscal straitjacket for Congress.” He said that was ”incredibly positive news” because it would halt the growth of the federal government.
In a 45-minute news conference in a community hall next to an RV park here, Mr. Bush avoided specific answers to several questions about how he would find the money for his next big initiatives, from missile defense, to overhauling the military, to reforming Medicaid, without dipping into Social Security surpluses that both parties have declared off limits.
PRESIDENT ASSERTS SHRUNKEN SURPLUS MAY CURB CONGRESS