As of January 31, 2012, the debt rose under the Bush administration more than had occurred under the Obama administration. It is clear under the Obama administration the debt will increase more in his four years as president - *dollar wise* but probably not *percentage wise* - than under Bush in his eight years as president.
The possibility remains that under Obama, the deficit would increase about as much in eight years percentage wise as under Bush, but it has not happened yet so we do not know. If Obama loses in the coming election, Bush retains the title. But we need to remember that the actual budget is formulated in Congress after having reviewed the suggestion from the administration, and the president signs off on it or not. You guys are probably simplifying the issue too much; partisan bickering does not solve the problem. Selective quoting of figures can be skewed many ways. However you look at it, this is a problem that gets worse day by day as long as the trend continues. Note that percentage wise, Reagan takes the title, and that dollar wise, Obama takes the title in a few months. Graphic: Increase in Total Federal Debt as of Jan 31, 2012: [Deficits under Reagan Bush Clinton Bush Obama - US Treasury Data] --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@...> wrote: > > Absolutely!. It's like the Republicans went into a restaurant, ran up a > bill and then ran out on it. Republicans are scum! > > On 03/20/2012 11:28 AM, chris m wrote: > > If the National dept was 15 Billion as you say inhireted brom Bush and has rissen to 15 Billion, then it has only gone up a third dumbie. and rember the economy was shedding 800,000 jobs per month when Obama begain office, now we are gaing severaly hundreds of thousands of jobs. > > the fact is Bush almost ran us off a cliff and Obama saved the US from a 2nd world depression. > > People are smarter than you think and don't buy your GOP bullshit!!! > > > > --- In FairfieldLife@yahoogroups.com, wgm4uno_reply@ wrote: > >> > >> [http://adlog.com.com/adlog/i/r=14617&sg=1815&o=250%253a503544%253aB5035\ \ > >> 44%253a10457891%253a&h=cn&p=2&b=55&l=en_US&site=162&pt=8301&nd=503544&pi\ \ > >> d=&cid=57400369&pp=100&e=&rqid=01phx1-ad-e18:4F689AC946D32D&orh=drudgere\ \ > >> port.com&ort=&oepartner=&epartner=&ppartner=&pdom=www.cbsnews.com&cpnmod\ \ > >> ule=&count=&ra=69.231.27.85&dvar=dvar%255fcid%253d57400369%2523dvar%255f\ \ > >> exclude%253d%2523dvar%255finstlang%253den%252dUS%2523dvar%255fsession%25\ \ > >> 3dd&ucat_rsi=%2526ASK05540%255f10625%2526ASK05540%255f10648&pg=133226563\ \ > >> 6169971221921016&t=2012.03.20.17.47.20/http://i.i.com.com/cnwk.1d/Ads/co\ \ > >> mmon/dotclear.gif] National Debt > >> has increased more under Obama than under Bush By Mark Knoller > >> <http://www.cbsnews.com/8300-503544_162-503544.html?contributor=41947> > >> Topics Campaign 2012 > >> <http://www.cbsnews.com/8300-503544_162-503544.html?categoryId=10457891> > >> [Chart - Deficit 2012] (Credit: CBS) (CBS News) The National Debt has > >> now increased more during President Obama's three years and two months > >> in office than it did during 8 years of the George W. Bush presidency. > >> The Debt rose $4.899 trillion during the two terms of the Bush > >> presidency. It has now gone up $4.939 trillion since President Obama > >> took office. > >> > >> The latest posting from the Bureau of Public Debt at the Treasury > >> Department shows the National Debt now stands at $15.566 trillion. It > >> was $10.626 trillion on President Bush's last day in office, which > >> coincided with President Obama's first day. > >> > >> The National Debt also now exceeds 100% of the nation's Gross Domestic > >> Product, the total value of goods and services. > >> > >> Mr. Obama has been quick to blame his predecessor for the soaring Debt, > >> saying Mr. Bush paid for two wars and a Medicare prescription drug > >> program with borrowed funds. > >> > >> The federal budget sent to Congress last month by Mr. Obama, projects > >> the National Debt will continue to rise as far as the eye can see. The > >> budget shows the Debt hitting $16.3 trillion in 2012, $17.5 trillion in > >> 2013 and $25.9 trillion in 2022. > >> > >> Federal budget records show the National Debt once topped 121% of GDP > >> at the end of World War II. The Debt that year, 1946, was, by today's > >> standards, a mere $270 billion dollars. > >> > >> Mr. Obama doesn't mention the National Debt much, though he does want > >> to be seen trying to reduce the annual budget deficit, though it's > >> topped a trillion dollars for four years now. > >> > >> As part of his "Win the Future" program, Mr. Obama called for "taking > >> responsibility for our deficits, by cutting wasteful, excessive spending > >> wherever we find it." > >> > >> His latest budget projects a $1.3 trillion deficit this year declining > >> to $901 billion in 2012, and then annual deficits in the range of $500 > >> billion to $700 billion in the 10 years to come. > >> > >> If Mr. Obama wins re-election, and his budget projections prove > >> accurate, the National Debt will top $20 trillion in 2016, the final > >> year of his second term. That would mean the Debt increased by 87 > >> percent, or $9.34 trillion, during his two terms. > >> > >> > >> * Mark Knoller > >> <http://www.cbsnews.com/8300-503544_162-503544.html?contributor=41947> > >> Mark Knoller is a CBS News White House correspondent. > >> > > > > >
