The major portion of defecit spending that Bush left was the 700 billion TARP bail-out money.No.
He--and a Republican Congress--left a LOT more than that.
http://www.freerepublic.com/focus/news/2409178/posts?page=436#436
The total Federal public debt outstanding on 30 September 2001 was $5,807,463,412,200.06.
The total Federal public debt outstanding on 30 September 2008 was $10,024,724,896,912.49.
You do the math.
That's an increase in on-balance-sheet Federal public debt of roughly $4.3 Trillion, all prior to the enactment of TARP, and excluding debts created from 20 January 2001 to 30 September 2001, as well as the unfunded liabilities such as Medicare Part D that were created while the Republicans controlled both Congress and The White House from the beginning of Bush's first term through 20 January 2007, following their losses in the November 2006 elections.
WOW, Hold your horses. You are talking about the worst Terror attack on our shores in its history, the near collapse of the finacial industry and destruction of the Travel Tourism industry as part of our GDP, you are talking about 2 wars and many thousands of other military actions around the globe in 8 years executed to keep us safe, you are talking about the worst natural disaster to ever hit this country when Katrina slammed into NOLA. Of course those things cost money. Not a single damnned one of those was something that Any President would wish for let alone create. with Obama this is all about needless wanton spending of trillions knowing full well what the recent history has been. To be fair, excluding TARP, Bush left about half a trillion in defecit spending, the rest of his budget was paid for on top of all that crap I just listed. I was simply talking about the total authorized funding that Bush left to Obama in the form of Tarp, Obama claims that is defecit spending and it wasn't it was a LOAN and the GOP need to make hay with that LOAN that is getting paid back with interest after it worked. For Obama to be able to complain that he inherited that portion as a defecit is a LIE, LIE, LIE....
