Sallow
The Big Bad Wolf.
Debt the day Bush took office, $5.7 trillion. The day he left, $10.6 trillion.
The last day of Obama's first term, $16.4 trillion.
Looks like Bush added $4.9 trillion in 8 years compared to $5.8 trillion Obama added in 4.
Obama is many things, but a small government spender isn't one of them.
Debt to the Penny (Daily History Search Application)
That's not quite true.
Bush put the 2 wars, the Department of Homeland Security and the new Medicare benefit on the national credit card.
It became Obama's obligation to pay for all of that. Because along with all those major initiatives..Bush put in 2 huge tax cuts..
It became Obama's obligation to pay for all of that.
And instead of paying down the credit card, he ramped up spending.
On what?