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It is also foolish to think Romney could do any different except for putting Bush tactics back into play.
Anyone can "predict and promise" but history has FACTS and Obama increased the debt even more than Bush did in 8 years.
It's also foolish to think that Obama could even possibly reign in spending.
Anyone can "predict and promise" but history has FACTS and Obama increased the debt even more than Bush did in 8 years.
It's also foolish to think that Obama could even possibly reign in spending.
The big difference here is Obama was left with an economy on the verge of collapsing into another Great Depression .... plus TWO major wars.
Government spending went up SIGNIFICANTLY to bail out failing companies, and avoid our economy from a complete collapse.
The annual deficit was already projected at 1.2 Billion BEFORE Obama ever took office:
As we have written twicebefore, the nonpartisan Congressional Budget Office projected the fiscal year 2009 deficit at $1.2 trillion two weeks before Obama took office. That fiscal year started Oct. 1, 2008. The fiscal year was already nearly one-third over when Obama took office on Jan. 20, 2009. After Obama took office, the deficit increased to $1.4 trillion for fiscal year 2009. At the end of the fiscal year, the CBO largely blamed the 2009 deficit on the recession, specifically a sharp decline in tax revenues and an increase in spending in response to the economic crisis — first by Bush and later by Obama.
Under Obama's watch, federal spending has remained at or near that level. In an April 2011 report, the CBO said (table 1-1) the actual deficit for fiscal year 2010 was nearly $1.3 trillion and the estimated deficit for the current budget is $1.4 trillion.
Add to this the fact that Republicans in Congress have been nothing more than obstructionists, and were completely unwilling to work with Obama throughout his entire administration, and you get a debt that climbs 5 Trillion dollars over 4 years to the current 16 Trillion dollars.
Add to this the fact that Republicans in Congress have been nothing more than obstructionists, and were completely unwilling to work with Obama throughout his entire administration, and you get a debt that climbs 5 Trillion dollars over 4 years to the current 16 Trillion dollars.
Actually that deficit projection included TARP.. So take out the $900B and you get $300B deficits, especially considering most of that money was paid back and resulted in a profit, and then credited towards Obama..
What this means of course is you have to take that $5T and then add another $900B to get to Obamas REAL deficits..
Add to this the fact that Republicans in Congress have been nothing more than obstructionists, and were completely unwilling to work with Obama throughout his entire administration, and you get a debt that climbs 5 Trillion dollars over 4 years to the current 16 Trillion dollars.
So Obama gets a free pass on his debt ? Is that what you are saying ?
Dems had the majority for 2 years (2009 and 2010) and spent it all fixated on Obamacare.
Explain to me how raising taxes, can possibly improve an economy..
btw, I dont support lowering them, I actually have supported the Obama debt commission suggestions, which involve spreading them out...
Ah, so we should just lower our taxes until the problem goes away....how are we going to pay off the debt with no money coming in? Now, again why can't we go back to Clinton era tax cuts? Those tax cuts seemed to work, I would love to see numbers set at that level and then we can go from there to try and pay down the debt.
Unless you are saying we should tax cut our way out of a problem...
It is also foolish to think Romney could do any different except for putting Bush tactics back into play.
Please elaborate on the exact Bush tactics you are referring to.
Blanket accusations mean nothing.
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