Doing the math on Obama's deficits

[Riot]

Originally Posted by dellinger63

Maybe this will help

http://www.npr.org/2011/01/25/133211...s-bush-on-debt

That link is over a year old. Ezra uses both current data (taking into account the Obamacares projections), and more complete data including detailed government projections and programs not included in the above (as explained in the article)

Much of our current massive increase in deficit is the ongoing costs of the unpaid massively expensive Bush policies, the ongoing cost of which did not end the day he left office (the wars, the tax cuts).

There is simply no way around the truth, and no way to ignore that. Denying it is an absurd and purposeful disregard of the facts. Blaming it on Obama is simply a superficial political move.

Notice the second most expensive thing Obama has done is extend the Bush tax cuts for two years.

It should be mentioned that both Romney and Gingrich have publicized their financial plans, with planned tax cuts to the wealthy,and tax increase for the poor, that will massively increase our deficit. Gingrich will totally eliminate capital gains taxes, making Romney's tax bill zero.