luke warm, on 2012-November-05, 10:24, said:
wow... so bush, after 8 years, had a $1.2T deficit and obama, after 3+ years, has added $4T to it and he's done better?
Obama added $4T to the deficit? I think you are mistaken. Obama has
lowered the deficit. When Bush left, it was appx $1.4T (FY 2009), and it is $1.33T (FY 2012) and $901B (FY2013).
And it's the spread of information like this that totally infuriates me during political season. Misinformation actually changes votes. Maybe it's a means to your end, but it's immoral.
Or maybe you don't have a solid understanding of what the word "deficit" means.
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and bush, after 8 years, added $4T to the debt and obama, after 3+, has added $6T above that, and that *also* is better? i don't blame you for not saying what you'd use as a failure mark, it looks like you'll judge subjectively based on who is in office
Rounding, eh? The debt grew by about $5T during Bush's 8 years (~$4.899T according to this article from CBS
http://www.cbsnews.c...han-under-bush/).
However, a few points:
1) Take a look at where the debt would be without the Bush tax cuts: (via Ezra Klein's Washington Post blog)
http://www.washingto...efore-watching/
I find it really hard to blame Obama for that, though I do put a lot of blame in his court for not getting a budget deal done to undo those tax cuts via Simpson-Bowles (of course, Paul Ryan was ON that commission and voted against its findings, so I don't let the Romney camp off the hook either).
2) Bush left office with a massive deficit that included his tax cuts. The debt increased by nearly 100% during his 8 year term. To do that, you would need roughly an annual deficit that is 9% of the debt. First note that Obama has operated in the ballpark of this in years so far, through an incredible economic downturn. Second note that for FY2013, the requested budget is 901B. Let's say they go over and spend 1.1T, which would be usual. 1.1T is less than 7% of the debt, so at the
current rate, he would not be increasing the debt at a rate near what Bush did, percentage-wise.
I am not a huge Obama fan-boy, and I think Romney would make a fine president; he doesn't actually scare me at all. But Paul Ryan does, and the Republican party as a whole does, and that's enough for me to be voting for Obama again. Discourse is fine, of course, but misinformation is really not.
"I think maybe so and so was caught cheating but maybe I don't have the names right". Sure, and I think maybe your mother .... Oh yeah, that was someone else maybe. -- kenberg
"...we live off being battle-scarred veterans who manage to hate our opponents slightly more than we hate each other.” -- Hamman, re: Wolff