The Heritage Foundation sent this chart to President Obama. It seems he is undeterred by the facts, as he is insistent on moving ahead with his huge spending plans.
He can only continue the meme “we inherited the worst deficit ever” for so long. Sooner or later the American people will start to catch on. Let’s just hope that happens before it’s too late.
Side note: A lot of the debt President Obama “inherited” was debt incurred while he was a sitting United States Senator. Perhaps if he took a little less time travelling the globe running for president, and a little more time doing something to rein in spending his “inheritance” would have been a bit more manageable.
Furthermore, you fail to indicate that the Bush spending went through 2009 so he left about $8T in debt. You really should not fudge the figures!
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These figures are wrong. Bush left the debt at $10.5T from the original $5T when he took over in 2001. Facts are stubborn things.
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Irregardless of the estimates for how much or how little President Barak Hussein Obama may theoretically contribute to a hypothetical future deficit according to one study…
President Bush in fact doubled the national deficit during his own tenure. So if you want to ask what Obama was doing, my question to you would be… why didn’t the the lonely conservative write this article at any point in the last 10 years, during the previous administration.
Here are the real numbers on the debt and deficit:
http://floodingupeconomics.wordpress.com/2010/12/10/the-difference-between-debt-and-deficit/
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