Posted by philogenemay on 9/21/2011 10:22:00 AM (view original):
The federal debt when Bush left office: $10,626,877,048,913.08
The federal debt in 2010 $14.8 trillion
That represents roughly a 50% increase in his first 2 years.
That is unprecedented.
In all fairness, a good portion, (not half, but definitely pertinent) can be pinned on the cost of the Bush led wars.
Even if you deduct that amt, Obama has still added to the debt at a much faster rate than any other president.
If we want to be fair to Obama we should also consider the 2008 meltdown. You really dont think that absolutely killed the economy therefore adding a lot of debt because costs stayed the same, (in fact rose because of the stimulus packages) meanwhile revenues fell of the cliff.
A meltdown that Obama had nothing to do with may I remind you?