Politics and Religion

It's all Obama's fault! The debt that is! ;)teeth_smile
mattradd 40 Reviews 598 reads
posted

A good visual showing one reason G.W. is still toxic to the Republican brand!  ;)

Perhaps, much of the debt remaining under Reagan was for the legal fees spent for the defense of his various administration members. Just kidding!   ;)

Oh, and spending is not the only thing that contributes to our debt level. So does reducing taxes. Particularly, when you are spending more for two wars.  ;)

Bush's numbers obviously include most of 2009 with the rationale (right or wrong that 3/4 of 2009 was under Bush's budget so of course Obama's final numbers need to run through FY 2017. So let's start with today's deficit of $19T (a little large-should actually use the debt from 2 months ago)

Bush - 42.7% of 14.3 = 6.1T
Obama - 16.8% of 14.3 = 2.4T
19 - 14.3 = missing 4.7 T

Let's use Obama's projected deficits for 2016 and 2017 = 426B + 409B = 0.84T
That gives us 19.84T total

Obama total will be 2.4 + 4.7 + 0.84T = 7.94T
Bush "real#" 6.1 = 31% of 19.84
Obama "real#" 7.935 = 40% of 19.84

But of course this analysis is WAY low since Obama's budget doesn't have the debt growing to $19T until 2021
For the end of FY 2015 the debt was only supposed to be $17 according to Obama's budget meaning his projected deficits are probably low by 75% to 100%.
Real numbers will probably be Obama 42% and Bush 30% by end of FY2017


-- Modified on 2/4/2016 12:23:38 AM

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