The national debt increased by $575 billion is FY 2006.
So that deficit figure means nothing.
2009 should not count, learn about baseline budgeting. Pres. Bush was a moderate spender in the grand scheme of things. I just wished he played hardball more with the dems and some members of his own Party
Regardless, kudos to you for starting the conversation, and making people defend our party’s profligate spending.
That makes no sense at all. A deficit is one years overspending of revenue. That then is added to the National Debt.
I’m a high paid accountant but I can’t see how you get from $160 billion deficit in one year adding $575 billion to the debt.
The only way you can is to play the same stupid budget game with numbers our politicians do. And if you do that then your entire argument (which seems to be the only thing you post about - spending and bashing the GOP) is moot.
In reality we have over $100 trillion in debt when you consider future unfunded liabilites.
Let’s not argue the point from the politicians point of view. And frankly, all the numbers the GAO or CBO, etc. put out are crap anyway.