Reminder, The Deficit You're Freaking Out About Is Bush's Fault

The Business Insider ^ | 6-28-2010 | Gregory White and Kamelia Angelova

[blam]

Reminder, The Deficit You're Freaking Out About Is Bush's Fault

Gregory White and Kamelia Angelova
Jun. 28, 2010, 2:32 PM

President Obama's administration has been blamed for reckless spending that has put America into its debt hole. But in reality, much of that spending emanates from policies of President Bush, according to the Center on Budget and Policy Priorities.

They argue that Iraq, Afghanistan, and the Bush tax cuts (along with the economic downturn) are what is driving the U.S. deficit, not stimulus spending. The CBPP focuses on lower to middle income issues and may be directly involved with the Democratic Party.

The chart presents the ugly truth.

[snip]

[Chode]

this is a RAT thinktank staffed by RATS, yes???

[yorkie01]

Deficits should be controlled on an annual basis by the then current president. Let’s worry and I mean worry about the public debt being thrust upon us, our children and grandchildren. Pretty soon, we’ll have a green economy with zero’s churning out worthless paper (green money) when our income exceeds our ‘stimuli’.

[jersey117]

Bookmark

[Senator_Blutarski]

Wow, I just learned that whatever layers you put on the top of the budget graph are the reason you're over budget.

So let's create a new budget graph and put welfare, education and environmental spending in the top layers. That will fix the problem...

[LibLieSlayer]

Total BS to the tenth power... Bush spent recklessly... obama spends to destroy us. hussein makes Bush seem but a piker.

LLS

[aruanan]

Reminder, The Deficit You're Freaking Out About Is Bush's Fault

Remember that the average so-called Bush deficit was between 40-50 billion dollars. The last year of the Bush presidency had a deficit of hundreds of billions. But that last year both houses of Congress were controlled by Democrats.

[aruanan]

"The deficits are Bush’s fault and Obama’s fault. Bush turned the spending spigot on full blast. Obama took a hammer and broke it off so the water just gushes out. Spending is the issue and both of them are to blame."

Correct-a-mundo.

You and Opinionated Blowhard seriously need to get in touch with reality. The average Bush deficit for his time in office was about 50 billion dollars/year. The deficit for his last year when Democrats controlled both houses of Congress was over 400 billion dollars.

[listenhillary]

The National Debt Road Trip (YouTube video)May 2009
http://www.youtube.com/watch?v=P5yxFtTwDcc&feature=player_embedded

[listenhillary]

Really good observation. They’re counting on stupid people lapping this stuff up.

[llandres]

“The Bush tax cuts expire this year and next.”

Yes, and taxes have been my dad’s top concern since the ‘08 campaign year. He’s been a small business owner and farmer all his hard-working life and provided many jobs and benefits over the years. He’s almost 92 and very worried about where Obama’s taking us.

So I’m sick and tired of hearing the drones on the Left constantly spit out the phrase “Bush tax cuts” as if they were dirty words.

[moehoward]

I guess you missed those hundreds of threads here about Bush’s spending.

Whatever. Zer0 might own this feces-sandwich, but Bush got the ball rolling, and good.

[Toddsterpatriot]

How can the Bush tax cuts be blamed for $700 billion in deficits in 2019 when they expire this year?