Făkünamę wrote:Coito ergo sum wrote:
Because Bush ran up a huge deficit in creating a war-time economy. Artificially boosting the economy in the short term and leaving a crushing debt for Obama.
Approximates
The National Debt on Inauguration day, 2001 -- $5,750,000,000,000
The National Debt on inauguration day, 2009 -- $10,625,000,000,000
The National Debt today
http://www.usdebtclock.org/ $16,498,000,000,000
Added to the debt since Obama took office, almost $6 trillion -- in 4 years.
Added to the debt in the 8 years of the Bush Admininistration -- 8 years -- just under $5 trillion.
http://www.treasurydirect.gov/NP/BPDLog ... ication=np
Yes, peaks in deficits as percentages of GDP are counted in the years in which they occur - they aren't being attributed to Obama. Obama has averaged $1.3 trillion deficits per year, and he added, as a result, in 4 years, about 6 trillion dollars to the debt. that doesn't have anything to do with whether the deficit relative to the GDP in 2005 or whatever, was up or down as a percentage. In four years Obama added as much debt to the federal debt as Bush did in 8 years. Bush's average annual deficit was less than 1/2 that as Obama's average annual deficits.
Those are the numbers, straight from the Federal Treasury.