(March 11, 2014 at 1:32 pm)A Theist Wrote: Which is why Obama added more to the national debt in less than four years into his first term than did Bush in his eight years as president?
Bush not only ran up the debt but also completely wrecked the economy and Republicans have been sabotaging it ever since. When you wreck the economy, you create more budget problems because the government has less tax revenue and more people falling into the safety net.
The last round of shenanigans that the Republicans pulled this previous October, nearly destroying both the American economy and our good faith and credit, cost the economy 24 billion dollars.
Had Republicans gotten their way, America would have defaulted on its debts, a worldwide economic crash would have ensued that would have made 2008 look like a minor correction and arguably the USA would have gone from a world economic power to a 3rd world country. Our grandchildren would be so happy with us.
Also, the vast majority of "Obama's Debt" comes from the Bush wars, Bush Tax Cuts, and TARP. Obama's policies that have contributed to the debt include his middle class tax cuts and recovery measures, which were needed to avert the Bush Depression.
Given how Republicans cried to keep the Bush Tax Cuts for the Rich and how they're now hollering about the Defense cuts (do we really need to spend more than the next four nations combined and doubled?), I don't see how anyone in the GOP has the nerve to complain about deficits.
Atheist Forums Hall of Shame:
"The trinity can be equated to having your cake and eating it too."
... -Lucent, trying to defend the Trinity concept
"(Yahweh's) actions are good because (Yahweh) is the ultimate standard of goodness. That’s not begging the question"
... -Statler Waldorf, Christian apologist
"The trinity can be equated to having your cake and eating it too."
... -Lucent, trying to defend the Trinity concept
"(Yahweh's) actions are good because (Yahweh) is the ultimate standard of goodness. That’s not begging the question"
... -Statler Waldorf, Christian apologist