Besides the fact that some of the numbers are not real, but CBO statistical numbers, they are not “deficit” numbers.
But instead of looking at spending numbers, here’s the “deficit” numbers:
2001-2008 Total Outlays vs Revenue -2.005 trillion
2001-2008 “On Budget” Outlays vs Revenue - 3.368 trillion
2001-2008 “Off Budget” Outlays vs Revenue (SS) +1.363 trillion (Yes children, they spend 100% of SS “surpluses”).
2009-2011 Total Outlays vs Revenue -4.351 trillion
2009-2011 “On Budget” Outlays vs Revenue - 4.623 trillion
2009-2011 “Off Budget” Outlays vs Revenue (SS) +0.271 trillion
So, in sum, whatever the national debt is, it is the result of deficits not simply spending, or revenue; and in that regard Mr. Obama is accumulating deficits (adding to the national debt) at an average rate of 1.541 trillion a year in his three years; to Mr. Bush’s 0.421 trillion a year in his 8 years.
Mr. Obama has already spent (”on budget”) in three years a sum equal to 57% of what was spent (”on Budget”) in the eight years of 2001-2008.
Source of numbers:
http://www.whitehouse.gov/omb/budget/Historicals/
But all of this ignores why we have 536 national elections every four years, not one.
The debts and deficits are as much the result of us electing rotten Congress critters as they are the products of spendthrift Presidents. Congress does after all control the Federal government’s purse strings.
Thanks so much for the info. This will come in quite handy ;)