Stephanie
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SNIP:
Posted by Jim Hoft on Monday, August 22, 2011, 6:40 PM
The US national debt has now officially increased by $4 trillion under Barack Obama. He blames George W. Bush.
CBS reported:
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
Mr. Obama blames policies inherited from his predecessor’s administration for the soaring debt. He singles out:
“two wars we didn’t pay for”
“a prescription drug program for seniors…we didn’t pay for.”
“tax cuts in 2001 and 2003 that were not paid for.”
SNIP:
Of course, the Bush tax cuts created record revenue for the government, but don’t tell Obaama. It might ruin a good talking point.
DWYER: Bush tax cuts boosted federal revenue - Washington Times
the rest with comments at.
http://www.thegatewaypundit.com/
Posted by Jim Hoft on Monday, August 22, 2011, 6:40 PM
The US national debt has now officially increased by $4 trillion under Barack Obama. He blames George W. Bush.
CBS reported:
The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.
The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.
It’s the most rapid increase in the debt under any U.S. president.
The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s four-year term.
Mr. Obama blames policies inherited from his predecessor’s administration for the soaring debt. He singles out:
“two wars we didn’t pay for”
“a prescription drug program for seniors…we didn’t pay for.”
“tax cuts in 2001 and 2003 that were not paid for.”
SNIP:
Of course, the Bush tax cuts created record revenue for the government, but don’t tell Obaama. It might ruin a good talking point.
DWYER: Bush tax cuts boosted federal revenue - Washington Times
the rest with comments at.
http://www.thegatewaypundit.com/