Sunday, August 7, 2011
The debt and where it came from.
“Facts are in such short supply in this tax and budget debate the country is having. As near as I can tell,Clinton handed Bush a balanced budget and 6 trillion in debt. He also gave Bush an economy that was expected to create a 6 trillion surplus in ten years. Bush handed Obama a budget that was not balanced and a debt of between 10.5 and 11.5 trillion in debt. Obama added more debt in middle class tax cuts, Astimulus plan ,and A health care bill. The debt seems to be somewhere around 14 trillion with Obama and this recession responsible for an additional 2 trillion in debt. Why blame Obama for all of this debt. It seems that no one on either side likes to take a look back at history. And please stop talking about SSI. This is the only gov. program that has supplied surplusses over the last 10 yrs. You must also remember that 2.5 trillion of this debt are loans to the SSI Trust Fund. The only way out of a recession is for the Gov. to spend more money and put people back to work. With the Tea Party influence we are doing just the opposite.
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