kiwiman127
Comfortably Moderate
- Oct 19, 2010
- 11,802
- 3,431
Which president borrowed money from Communist China to finance two wars? To give tax breaks to the Fat Cats? Communist China owns us thanks to Bush. Bush borrowed more money than 42 presidents combined. They interest on the money Bush borrowed is $1.5 trillion. China owned 739 billion in T-bill when Bush left office. Bush borrow $2.5 trillion from China. Do you want to know why?
Obama is trying to fix what Cowboy Bush broke. Brazil is an investment for America. Something that other presidents has passed up unfortunately.
I'm sure.
Provide links when you make stupid allegations like this. FYI, Obama increased the debt from $9 trillion to over $14 trillion in less then 2 years. It took Bush 8 years to increase the debt but it seems he had help from the Democrat controlled Congress. Oh, and the deficit was down to $160 billion in 2006 before the Dems took over. When Bush left office it was over $500 billion. And anyone who knows the Constitution knows who holds the purse-strings.
Btw, investment means more spending now.
Now for factual numbers versus made up numbers.
National Debt on the first day of George W Bush's first fiscal budget=5,806,151,389,190.21
National Debt on the last day of George W Bush's last fiscal budget=11,909,829,003,511.75
As we can see mudwhistle's posted numbers are off a tad. Like when Obama's first fiscal budget year started, mudwhisle deducted only $2 trillion from the actual total National Debt. I'm assuming the mudwhisle wasn't aware of when fiscal years started and ended. The Democrats first budget started on October 1, 2007. Any budget they submitted to the GWB could have been vetoed as the Dems didn't have a veto proof House. Were any of their budget's vetoed? No.
Now there's no doubt that Obama is spending too much, too fast. I agree. Let's not forget that GWB left office with future deficits, such as the Medicare Drug Program @ 70 plus billion per year, plus the ongoing costs of two wars. BUT, Obama is still spending more and faster than GWB and it has to stop.
The fact of the matter is that the US got to where it is regarding our National Debt as the result of the actions of both the Dems and the GOP.