Keep in mind that national debt = budget deficit + intergovernmental debt.
Bush added about $1.9 trillion in 8 years to the budget deficit. Intergovernmental debt is entitlement programs, bonds, & treasuries (interest). Intergovernmental debt is on auto pilot.
Look, you can try to comfort yourself by playing games with the figures, but the recognized government debt when Bush took over was around $5.7 billion dollars. When he left office it was around 10.?. I have forgotten the exact figures since I looked it up, but the growth percentage was just over 90%.
It really disturbs me to people on my side try to fudge the figures to absolve their fair haired guy.
The debt Obama has amassed since Bush left office can be jobbed too if folks put their efforts behind. Why can’t we just be honest with ourselves?
At the present rate, Obama will nearly double the national debt in his first term. We’re basing that on the figure when Bush left office.
If we game these numbers, they cease to of any value whatsoever.
To hear you tell it, the $900 billion TARP program left only $1 trillion more in debt that Bush was responsible for in eight years. Take the medication addition to Medicare out, and hey, the national debt didn’t really increase after all, because of Bush actions. Who cares if the national debt went from $5.7 trillion to over $10 trillion under him. Not a problem at all...
Meanwhile we have to service the whole national debt.
So one again, play your dumb ass games if you like, we’re still having to service the total debt.
The national debt went up from $5.7 to around $10.? dollars, and you think that absolves Bush of any responsibility.
Okay great. Then don’t come to this forum and criticize Obama debt any longer.
It you think it’s okay for our guy to watch the national debt go up by 90% on his watch, then don’t come here and belch if the national debt goes up by 90% on Obama’s watch.
I’ll be here taking both party’s leaders to task on the issue.