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09/10/2013 00:46:49
 
 
À
08/10/2013 17:14:02
Information générale
Forum:
News
Catégorie:
Social
Titre:
Divers
Thread ID:
01584538
Message ID:
01585093
Vues:
57
The debt continues to grow, but more slowly than it did in the Bush years. Blame Bush's unfunded wars for much of the recent addition to the debt.

Tamar, that's largely not correct.

There are published stats on the National Public debt and gross debt, both when Bush took office, when Obama took office, and today.

Day Bush took office: 5.6 trillion
Day Bush left office: 10.7 trillion

Day Obama took office: 10.7 trillion
Today: 16.7 trillion

Most people report that the debt increased anywhere from 4.9 to 5.1 trillion during Bush (8 years). In not quite 5 years under Obama, it's gone up roughly 6 trillion.

Also, the Washington Post has run several articles in the last 12 months that gave Obama "Four Pinocchios" for his repeated claim that 90% of the debt he's run was due to the 2 wars. Politifact and Factcheck.org have also strongly challenged Obama's claim that the vast majority of the new debt was "paying for Bush's wars". It's a complicated topic, and even experts acknowledge the difficulty in quantifying - but most all have debunked the claim that Obama is running higher debts because he had to pay for Bush's wars.

Also, it should be noted that Obama voted for these wars - and his policies have extended the war in Afghanistan. And here's a number - far more Americans have died in Afghanistan during Obama's time than Bush's time.

In fairness, the numbers require some interpretation. No one can look at a four year term in isolation. Both sides have used factors regarding TARP spending, recouped TARP monies, Obama's actual impact of the 2009 budget, etc. It has become more and more complicated with each new president coming in. But there's a fact that can't be overlooked....Obama's non-defense discretionary spending is way up. Finally, CBO actuaries have just come out with a new report on the large amount of new spending that will occur because of AHCA. It's a forecast, not a fact....but right now, you can't find too many people outside the administration who state that the debt trend is slowing.
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