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I previously pointed out that people did object to Bush's deficits. Now I'll show that Obama's deficits are significantly larger. Bush's worst deficit, less t
by anamax 17y ago
I previously pointed out that people did object to Bush's deficits.
Now I'll show that Obama's deficits are significantly larger.
Bush's worst deficit, less than $500 B was in 08, and that includes the bailout. From 04 to 07 Bush's deficits, including the war, were decreasing.
Obama predicts a 2010 deficit of 1.6T. He claims that it will drop to 1.3T in 2011, but that relies on economic recovery that he's consistently overestimated.
Here's a report on Obama's recent predictions - http://www.reuters.com/article/idUSTRE60U1PZ20100201 http://www.reuters.com/article/idUSTRE60U1PZ20100201 .
Here's the historical data (on debt, not deficit). http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm http://www.treasurydirect.gov/govt/reports/pd/histdebt/histd...
And here's an graph which compares Obama's plans and CBO predictions to Bush's "accomplishments". This graph is outdated and actually understates what we've learned since about the Obama deficits.
http://pajamasmedia.com/instapundit/files/2009/04/obamadebt.jpg http://pajamasmedia.com/instapundit/files/2009/04/obamadebt....