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Jack - Here are matt's and Obama's own numbers projected to beginning of FY 2018
ed2000 31 Reviews 121 reads
posted

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
Related Link: http://federal-budget.insidegov.com/

mattradd599 reads

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!   ;)

Related Link: http://www.ritholtz.com/wp-content/uploads/2011/10/248944-galleryV9-nnhb.jpg

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JackDunphy130 reads

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mattradd122 reads

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.  ;)

Related Link: http://www.thefiscaltimes.com/Columns/2012/06/01/Whos-the-Biggest-Spender-Obama-or-Bush

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ed2000122 reads

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

Related Link: http://federal-budget.insidegov.com/

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mattradd78 reads

A move toward austerity, or repairing infrastructure?

Related Link: http://blogs.wsj.com/washwire/2016/02/03/a-shifting-picture-of-u-s-debt-and-an-opening-...

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