I understand the build up of the deficit up to Obama..please correct me if I'm wrong:

Regan - +1T

Bush Sr +1T

Clinton +1T (but balanced budget and created a plan to eliminate deficit w/in 10 years)

Bush Jr+5.7T

This equals $8.7T and we are much higher..when I explain this to people, they say.."Okay..but the deficit today is $14.4T" and they blame the balance on Obama.

Can you explain the gap from Bush Jr to Obama?

Thank you!

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Phaedrus76's picture
Phaedrus76 7 years 51 weeks ago
#1

Before Reagan, Geo. Washington thru Carter, $1 tril

Reagan adds $2.5Tril

Bush senior another $0.7 tril

Clinton $1.8 tril === at this point the total hits almost 6:

Bush 43 adds $5.8, now you're closing in on $12 tril.

But unlike Clinton who handed Obama a balanced budget, Emperor Shitforbrains left Obama a $1.4 trillion deficit in 2009 (the 2009 budget was passed in 2008 and signed by Bush). Obama added some $450 bn for his stimulus package.

All numbers are 0600 hr numbers, from memory, real numbers may be off slightly, no coffee yet.

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