I keep reading this threads that state GWB added 5 billion dollars to the national Debt.
1 trillion in added budget with 3 trillion from previous debt in interest (including his 1 trillion)
follow along
The senate in 01-02 was controlled by the Dems and congress from 07 through the end of his presidency
The truth is that his (GWB) policies added 700 billion through 2008
Now this is spending, not deficit. This is key
From 2008 thru 2009 we went from a spending of 2.9 trillion to 3.5 trillion in 2009
most of that raise in spending was BHO (stimulus and 50% of tarp) as GWB had budgeted spending of 3.1
we will split 2009 spending addition with GWB and BHO
2008 United States federal budget - Wikipedia, the free encyclopedia base line 2008
2009 United States federal budget - Wikipedia, the free encyclopedia added 600 billion from 08
2010 United States federal budget - Wikipedia, the free encyclopedia added 800 billion from 2008 spending levels and 200 billion from 2009, but in reality he added 500 billion to GWB 09 spending levels
2011 United States federal budget - Wikipedia, the free encyclopedia added 300 billion from 08 levels and had a cut of 300 billion from 2010
lets make it simple
2008 spending was 2.9 trillion, GWB had added 700 billion to the federal budget to here from his first budget
2009 spending was 3.5 trillion, GWB had added about 1 trillion to the budget, ends his total addition here
BHO 300 billion, his begins
2010 spending was 3.7 trillion BHO had added 600 billion from GWB 09 levels
2011 spending was cut by the GOP house to 3.4 trillion from BHO request of 3.8 trillion
simply put GWB total additions to the federal budget was 1 trillion dollars
BHO to date has added 600 billion in 2.5 years
GWB had 9-11
2 wars
Katrina and 5 other major hurricanes
as I recall 3 stimulus with all of them going to the tax payer
Medicare part D
No child left behind
BHO had both wars but Iraq was far below the levels of GWB presidency
The Katrina expense is gone
Medicare part D is still there
no child left behind as I recall was extended
It is a common thread from the libs that GWB added 5 trillion dollars to the defict in his time
The truth is it closer to 4 trillion as the 09 debacle is at least 50% of BHO, This would include interest on debt for both
President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt)
The Truth about Obama's Budget Deficits, in Pictures
Now we can talk deficits from yearly budgets
simply put the 07 budget had a deficit of 163 billion, the last GOP budget
2007 United States federal budget - Wikipedia, the free encyclopedia
We went to a 450 billion dollar deficit in 08 (see above)
1.3 trillion in 09 Link above
same for 2010 Link above
about 1.1 trillion in 2011
The key here is BHO reset the budget base-line in 2009. If not for the GOP house on 2010 the 2011 base line would have grown another 300 billion.
In summary
GWB added 1 trillion dollars in spending thru 8 years
BHO has added 600 billion in 2.5 years, with the GOP house cutting 200 billion in spending in 2011
GWB added 4 trillion total debt in his 8 years to include interest on inherited debt
to date BHO had added about the same
Government - Historical Debt Outstanding - Annual 2000 - 2010
This graph by the Washington Post shows this yearly debt better than I can explain it
The Truth about Obama's Budget Deficits, in Pictures
Most all of this came under Dem control of congress
Increase spending has done little to create jobs
In BHO defense the crash in 08 was not his fault, nor was it GWB either
spending is the problem, and the 09 budget was were it got of control
Many including my self think the 2007 budget baseline is the place to start
1 trillion in added budget with 3 trillion from previous debt in interest (including his 1 trillion)
follow along
The senate in 01-02 was controlled by the Dems and congress from 07 through the end of his presidency
The truth is that his (GWB) policies added 700 billion through 2008
Now this is spending, not deficit. This is key
From 2008 thru 2009 we went from a spending of 2.9 trillion to 3.5 trillion in 2009
most of that raise in spending was BHO (stimulus and 50% of tarp) as GWB had budgeted spending of 3.1
we will split 2009 spending addition with GWB and BHO
2008 United States federal budget - Wikipedia, the free encyclopedia base line 2008
2009 United States federal budget - Wikipedia, the free encyclopedia added 600 billion from 08
2010 United States federal budget - Wikipedia, the free encyclopedia added 800 billion from 2008 spending levels and 200 billion from 2009, but in reality he added 500 billion to GWB 09 spending levels
2011 United States federal budget - Wikipedia, the free encyclopedia added 300 billion from 08 levels and had a cut of 300 billion from 2010
lets make it simple
2008 spending was 2.9 trillion, GWB had added 700 billion to the federal budget to here from his first budget
2009 spending was 3.5 trillion, GWB had added about 1 trillion to the budget, ends his total addition here
BHO 300 billion, his begins
2010 spending was 3.7 trillion BHO had added 600 billion from GWB 09 levels
2011 spending was cut by the GOP house to 3.4 trillion from BHO request of 3.8 trillion
simply put GWB total additions to the federal budget was 1 trillion dollars
BHO to date has added 600 billion in 2.5 years
GWB had 9-11
2 wars
Katrina and 5 other major hurricanes
as I recall 3 stimulus with all of them going to the tax payer
Medicare part D
No child left behind
BHO had both wars but Iraq was far below the levels of GWB presidency
The Katrina expense is gone
Medicare part D is still there
no child left behind as I recall was extended
It is a common thread from the libs that GWB added 5 trillion dollars to the defict in his time
The truth is it closer to 4 trillion as the 09 debacle is at least 50% of BHO, This would include interest on debt for both
President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt)
The Truth about Obama's Budget Deficits, in Pictures
Now we can talk deficits from yearly budgets
simply put the 07 budget had a deficit of 163 billion, the last GOP budget
2007 United States federal budget - Wikipedia, the free encyclopedia
We went to a 450 billion dollar deficit in 08 (see above)
1.3 trillion in 09 Link above
same for 2010 Link above
about 1.1 trillion in 2011
The key here is BHO reset the budget base-line in 2009. If not for the GOP house on 2010 the 2011 base line would have grown another 300 billion.
In summary
GWB added 1 trillion dollars in spending thru 8 years
BHO has added 600 billion in 2.5 years, with the GOP house cutting 200 billion in spending in 2011
GWB added 4 trillion total debt in his 8 years to include interest on inherited debt
to date BHO had added about the same
Government - Historical Debt Outstanding - Annual 2000 - 2010
This graph by the Washington Post shows this yearly debt better than I can explain it
The Truth about Obama's Budget Deficits, in Pictures
Most all of this came under Dem control of congress
Increase spending has done little to create jobs
In BHO defense the crash in 08 was not his fault, nor was it GWB either
spending is the problem, and the 09 budget was were it got of control
Many including my self think the 2007 budget baseline is the place to start
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