Quote:
Originally Posted by Xcali
See what you don't seem to get is that it's not open to debate... It's a fact of reality. Going all the way back the incoming President has never been tagged with the immediate economy left by the out going President. It's not MY opinion, or one that I made up to bash Bush.. it's just a plain fact and that is that...
You Right wingers love to forget the fact that the Obama administration also gets credited with the interest on the debt.. Which if you add that to spending of course it's going to look unbalanced. But take the Actual spending initiatives under each man and let him take credit for his own spending.. Bush beats Obama 10 to 1 hands down.
The Deficit in 2012 is projected at 1.1 trillion.. that is down from the 1.4 trillion Bush left us with. The F2013 deficit is projected at 900 billion.. Looks like a down trend to me.
In fact if the Congress would have gotten their act together and passed the 2010 budget the deficit would have in fact been cut in half this year, just like Obama Promised.
It didn't work out that way because of political morons in Washington putting their own interests ahead of the peoples.. And don't think I'm attacking just Republicans because I'm not. Both Parties are to blame for Congresses failures.
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We are discussing your preferred technique of attributing the FEDERAL DEFICIT in the first 9 months of the Obama administration to the previous administration. It has been pointed out that applying the technique using projected deficits for the remainder of this FY and FY 13 yields a total deficit for the OA in 4 years roughly equal to that of the previous administration in 8 years. Thus using your preferred technique Obama is shown to be the far bigger spender. Please attempt to rebutt this defenestration of your contention Obama is not a big deficit spender directly or cease using it in discussion.
So, the 2010 budget would have cured everything? Tell that to the Democrats in Congress. They controlled both houses by wide margins in 2009 when it was considered. What this shows is Obama's incompetence or disinterest or both. He has never implemented a budget at any job period.
Obama had to pay interest on the debt. Oh for shame, no other Presideng has ever had to do that.

Of course if Obama had a clue how to read financial statements he would have known about the expense of servicing the debt. But he still doesn't and be bothered to learn.