- Feb 22, 2017
- 109,423
- 38,087
Yes, he did... and that is because he inherited a huge huge huge huge running Budget Deficit, from the previous president....!
He only inherited the deficit from the last budget of the previous president as all presidents do because they take office in the middle of the fiscal year
It is a little deeper than that. If a CEO takes over a company that lost 100 billion dollars the previous year, that is what they are inheriting, these things do not disappear over night
Sent from my iPhone using USMessageBoard.com
The country is not run like a business.
The deficit is a one year stat the debt is a running total
An incoming president only inherits the deficit of the fiscal year in which he takes office. All the other deficits the previous president ran are what the previous president added to the national debt during his term
But the fact the country spent a trillion more dollars than it took in is the previous still something the new president has to address and deal with.
Sent from my iPhone using USMessageBoard.com
did you demand that of Obama? if not, why? in 8 years he doubled the national debt. Did you bitch about that?
Why yes I did, thanks for asking. and Bush II before Obama and Clinton before Bush II and Bush I before Clinton...
this is what sets me apart from most on this forum, my values do not change with the resident of the white house changing.