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Old 03-31-2011, 08:15 AM
 
Location: Hinckley Ohio
6,719 posts, read 1,919,092 times
Reputation: 1361
Exclamation Bush holds the records for largest deficits.

Surprising, from all the propaganda from the right wing nuts, you would think Obama has been running up the largest deficit in US history. Using the numbers from the US Treasury, the department that officially tracks the debt, Bush holds ALL the records.

Debt to the Penny (Daily History Search Application)

These numbers are ACTUALLY figures from the treasury, not ESTIMATES from the White House, the CBO, or some opinion piece. They are fact.

Monthly Deficits (Total National Debt)

$379 Billion Sept 2008 Bush II (NEW RECORD)
$549 Billion Oct 2008 Bush II (RECORD TO BUSH, AGAIN!!!!)
$245 Billion Feb 2009 Bush II
$250 Billion March 2009 Bush II
$223 Billion June 2009 Bush II

$333 Billion March 2010 Obama
$210 Billion June 2010 Obama
$200 Billion July 2010 Obama
$211 Billion Aug 2010 Obama


It gets even worse, Bush's budgets hold the record on an annual basis, too.

Annual Fiscal Year Deficits (Public Debt)

2008 Public Debt increased $750 Billion for Bush's budget. (Sept 2007 @ $5.057 Trillion to Sept 2008 @ $5.808 Trillion) (NEW RECORD)

2009 Public Debt increased $1.743 TRILLION for Bush's last budget. (Sept 2008 @ $5.808 Trillion to Sept 2009 @ $7.551 Trillion) (RECORD TO BUSH, AGAIN!!!!)

2010 Public Debt increased $1.471 TRILLION for Obama's first budget (Sept 2009 @ $7.551 Trillion to Sept 2010 @ $9.022 Trillion)

If you want to talk National Debt, the picture isn't any better.

Annual Fiscal Year Deficits (Total National Debt)

2008 Bush $1.017 Trillion Deficit
(NEW RECORD)
2009 Bush $1.885 Triilion Deficit (RECORD TO BUSH, AGAIN!!!!)
2010 Obama $1.653 Trillion Deficit

Bush II still holds the record

Over Bush's 8 years he AVERAGED an annual $763 BILLION deficit (Sept 30th 2001 to Sept 30 2009). 3/4 of a trillion dollars ever year Bush II signed a budget.

And the right would have us believe this debt problem started the day Obama took office.
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Old 03-31-2011, 08:18 AM
 
16,061 posts, read 5,019,625 times
Reputation: 3882
Pure lies
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Old 03-31-2011, 08:22 AM
 
4,240 posts, read 1,663,933 times
Reputation: 2847
You know, people ought to just get a job and leave such threads be.

I was not a big fan of President Bush, but even I recognize that he was not 'the beginning and the end' of the deficit problem. Budgets must originate in the House of Representatives, although the President may (and does) submit his own budget for consideration. However, the fact is, the House passes a budget, the Senate then concurs, and then the President signs (or vetoes and sends back).

Here is a nice link to what I like to call the Constitution of the United States.

The United States Constitution - The U.S. Constitution Online - USConstitution.net
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Old 03-31-2011, 08:53 AM
 
Location: Portland, OR
6,934 posts, read 2,872,703 times
Reputation: 3152
I frankly do not care about Bush because he isn't the President right now.
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Old 03-31-2011, 09:25 AM
 
41,020 posts, read 43,459,729 times
Reputation: 12340
Is that why we have raised the debt ceiling every few months? Good then whe it comes up next after the cuts in the budget ;write your congressman and say its not necessary;so don;t do it.
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Old 03-31-2011, 09:28 AM
Status: "Smiling in wonderful SE Arizona" (set 25 days ago)
 
Location: SE Arizona - FINALLY! :D
15,739 posts, read 13,381,143 times
Reputation: 4732
Quote:
Originally Posted by VTHokieFan View Post
I frankly do not care about Bush because he isn't the President right now.
Of course you don't - and you probably didn't care about the deficit back when Bush was President either did you?
Or can you show me a post of your from back then when you complained about the deficit?



It cracks me up how all these folks are suddenly sooooooo concerned about the deficit now that THEIR guy is no longer in office.

Ken
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Old 03-31-2011, 09:33 AM
 
13,636 posts, read 4,951,411 times
Reputation: 6036
Quote:
Originally Posted by LordBalfor View Post
Of course you don't - and you probably didn't care about the deficit back when Bush was President either did you?
Or can you show me a post of your from back then when you complained about the deficit?



It cracks me up how all these folks are suddenly sooooooo concerned about the deficit now that THEIR guy is no longer in office.

Ken
It cracks me up how people who cared then, don't now.




Frank
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Old 03-31-2011, 09:35 AM
 
Location: Reality
9,958 posts, read 3,620,371 times
Reputation: 3243
What about 2011?
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Old 03-31-2011, 09:39 AM
 
Location: NY, NY
808 posts, read 609,339 times
Reputation: 804
Obama and Bush both hold blame for our current fiscal mess. Niether one has really done anything with the budget along the lines of Clinton/Gingrich.
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Old 03-31-2011, 09:42 AM
 
Location: Holly Springs
3,494 posts, read 5,673,590 times
Reputation: 2272
Ironically, the chart starts after the dems took control of congress in 2008....
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