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Ok, just for giggles, let's assume bush's budget deficit is $1 Trillion. Obama has doubled that with his unfunded spending.
Next excuse.
Why assume anything?
1.3 trillion was the deficit.
So no, not double.
Adding the cost of TARP (500 billion), with fewer tax revenue ($300 billion) to this year's stimulus (200 billion) did take the deficit to 1.8 (includes some cuts).
See that light blue line "CBO's reestimate of the president's budget? That is obama's budget.
An even better graph
Ahh yes, sure looks like that deficit trippled under Obama.. Sure it drops after that, but there is no way to pay for all of this, and the drop at this point is simply speculation..
Ahh yes, sure looks like that deficit trippled under Obama.. Sure it drops after that, but there is no way to pay for all of this, and the drop at this point is simply speculation..
The drop after that is based on the administration warped forecasting figures.
So, to sum things up between you two, Obama's deficit is only slightly worse than Bush's. How would anyone have thought it would be different? Or how would anyone have expected it to be zero? It's very hard to turn this racing train of an economy around, it needs a lot of track.
Even the unemployment figures from the Bush years were calculated differently. Every administration seems to tweak the numbers to their advantage. Why are we wasting out time, as in sanrene's case, placing blame on only one head of this two-headed monster? The situation sucks. People are out of work. We are broke as a nation and were broke before Bush left office. Anyone got any ideas or do you just want to stroke your ego and say "I told you so" and "I hate Obama"?
The drop after that is based on the administration warped forecasting figures.
And the faulty $450 billion deficit figure you guys love to trot out.
It isn't accurate.
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