CBO Blame George Bush for Most of Deficit

[Soul Crusher]

The fact of the matter is that both parties are to blame for this mess. 

Pelosi has been in control of the purse since 2006 as a result of the failures of the GOP from 2000-2006.  The Dems claimed to be the party of fiscal discipline and have been anything but.  She has had four years to curtail spending and propose budgets with less spending or at least make a token effort to cut back wasteful programs.     4 FUCKING YEARS! 

So blaming Bush alone surely makes some of you feel better, but it is not the whole picture as to why we are where we are in 2012 with deficits of 1.6 Trillion Dollars a year. 


As for Obama - what can you say?  He is a joke.  The idiot comes out yesterday flailing and screaming about UE extension 16 months after the Stim Bill was signed where he promised to keep UE under 8%.  Had his idiotic program worked as he promised, those three people behind him would have jobs already.  His bogus speech yesterday is a testament to the fact that he is making things worse, not better, regardless of who he wants to blame. 

HOAX & CHANGE   

[kcballer]

I think to disregard this article in it's entirety is foolish.  The Bush tax cuts would have been a great thing, if we didn't also engage in 2 costly wars at the same time. 

http://www.cbpp.org/cms/?fa=view&id=1018

http://voices.washingtonpost.com/ezra-klein/2010/07/republicans_blame_democrats_fo.html

[Soul Crusher]

Ezra Klein is beyond a joke and a laugh.     I don't know why or how anyone does anything but spit up their food listeing to that idiot.   

[dario73]

National Debt, Who's Reponsible?

It seems a day does not go by without Obama, Reid, Pelosi, or another democrat lamenting the deficits they “inherited” from the Bush Administration. 

The fact is, deficits are a function of annual budgeting.  One can inherit a national debt, but not a budget deficit, except for the fiscal year in which a President assumes office.  Unfortunately for Obama’s argument, that budget, FY2009, never came to George W. Bush for his signature.  Instead, the Democrats controlling both chambers in Congress played keep-away through continuing resolutions (including a Senator from Illinois named Barack Obama), only getting fully passed when Obama signed the omnibus spending bill to complete the FY2009 budget in March 2009.  But I digress...

So, who’s really responsible?
 
 
Well, let me preface this by saying it’s always been my contention both party’s are responsible for the growth of government, however the growth of government is slower under republican leadership, and Reagan was the only modern president to actually reduce the size of non-military government agencies.

 
 http://mysite.verizon.net/vzeef1s7/richardpersingcom22/id15.html

[dario73]

President     # of Months Served   Average Monthly Debt Incurred

Bill Clinton          96                          $16,038,381,574
George W Bush    96                         $51,032,294,902
Barack Obama     17                       $151,564,512,062

[dario73]

So, which party controlling the federal government purse strings bears the greatest responsibility for the outrageous national debt?

In Power      Mos. in Control of Congress  Average Debt/month
Republicans           120                            $26,800,064,826
Power Split            24                             $27,475,543,755
Democrats             65                             $81,907,618,065

[Soul Crusher]

So, which party controlling the federal government purse strings bears the greatest responsibility for the outrageous national debt?

In Power      Mos. in Control of Congress  Average Debt/month
Republicans           120                            $26,800,064,826
Power Split            24                             $27,475,543,755
Democrats             65                             $81,907,618,065

Like i said, you can't lay the current deficit on Bush alone without placing equal blame on Reid/Pelosi. 

[dario73]

As previously stated, the president lacks the authority to appropriate money.  Therefore it is far more relevant to determine which party in control of congress authorized the greater average monthly debt.  The following is a table of debt incurred by Congress indicating political party in control since 1993;

Party in Control            # of Months Party Controlled   Average Monthly Debt
Democrats,both chambers,93-95                24           $26,413,351,644
Republicans, both chambers,95-01              72           $12,797,833,521
House Republican,Senate Democrat,01-03    24           $27,475,543,755
Republicans, both chambers,03-07              48           $47,803,411,784
Democrats, both chambers,07-Current         41           $110,396,573,138


Admittedly, this is not news to me, it was merely an exercise to lay out my argument that Obama’s claim he “inherited” the debt issue from Bush is at least disingenuous, at most an outright lie.  There are some who doubt my understanding of historical and current events, and so I feel the need to show the math.  If you still doubt me, do the math yourself.  The figures used in this analysis were generated at TreasuryDirect.gov. 

[kcballer]

Like i said, you can't lay the current deficit on Bush alone without placing equal blame on Reid/Pelosi. 

You can't but lets face it - the president gets the credit and the flak.  In the public eye it'll always be that way.  Look at BP their CEO gets grilled yet he didn't build the well himself that burst, he didn't specifically say to not follow maintenance and other issues but yet he takes the fall. 

[ThaRealist]

As previously stated, the president lacks the authority to appropriate money.  Therefore it is far more relevant to determine which party in control of congress authorized the greater average monthly debt.  The following is a table of debt incurred by Congress indicating political party in control since 1993;

Party in Control            # of Months Party Controlled   Average Monthly Debt
Democrats,both chambers,93-95                24           $26,413,351,644
Republicans, both chambers,95-01              72           $12,797,833,521
House Republican,Senate Democrat,01-03    24           $27,475,543,755
Republicans, both chambers,03-07              48           $47,803,411,784
Democrats, both chambers,07-Current         41           $110,396,573,138


Admittedly, this is not news to me, it was merely an exercise to lay out my argument that Obama’s claim he “inherited” the debt issue from Bush is at least disingenuous, at most an outright lie.  There are some who doubt my understanding of historical and current events, and so I feel the need to show the math.  If you still doubt me, do the math yourself.  The figures used in this analysis were generated at TreasuryDirect.gov. 

Where are all the Obama and his cabinet are the god-send people...Just as people blindly follow Fox and believe everything far right, more people just want to blindly follow Obama and will never blame him for anything...

[GigantorX]

You can't but lets face it - the president gets the credit and the flak.  In the public eye it'll always be that way.  Look at BP their CEO gets grilled yet he didn't build the well himself that burst, he didn't specifically say to not follow maintenance and other issues but yet he takes the fall. 

And this is where we have to admit and come to terms with the fact that most of the voting public are absolute morons.