The Soapbox

WahooRQ

Joined: 04/30/2006 Posts: 44682
Likes: 60757


Final CBO came in a month before Obama took office. Including TARP,


Initial stimulus, and the deficits Bush already was running, it was $1.3 Trillion of deficit inherited from the previous administration. I would add that the figures the hoakie is citing about Obama adding long-term debt also include the Bush Tax Cuts sunsetting, which never happened.

PS: that doesn't mean Obama didn't add a ton to the debt on top of that, or that the ACA has worked quite as intended, etc. Just facts when doofuses start saying things like "Bush's deficits were modest". Let's not forget he inherited record surpluses AND a thriving economy .... And managed to turn it all around 180 degrees by the time he left with stupid tax cuts, two disastrous wars, and a "stick fingers in ears" approach to a looming mortgage crisis.
[Post edited by WahooRQ at 02/12/2018 8:19PM]

(In response to this post by Stimp)

Link: 2009 Deficits


Posted: 02/12/2018 at 8:09PM



+1

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Current Thread:
 
  
So what is up with the budget? -- Quaker 02/12/2018 2:03PM
  As David Brooks said on the NewsHour, -- HowieT3 02/12/2018 2:52PM
  Ouch ** -- Quaker 02/12/2018 3:07PM
  Unfortunately, that is very accurate. ** -- HoosWillWin 02/12/2018 2:55PM
  Deficit hawks hibernate during GOP administrations ** -- hokeyhokie 02/12/2018 2:09PM

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