reply to post by neo96
This is an interesting post on the NYTIMES and totally on point as to why The People Blame Bush
I would like to share the facts and the insights!
IEugene GorrinUnion, NJJuly 26th, 20115:25
pmLyle Vos at Post # 3 writes ". . . . People blame Bush, but it was the Pelosi/Reid congress who passed the absurd budgets. Obama merely double down
on the damage done by Pelosi and Reid."
No, Lyle. Completely inaccurate and slanted post as usual.
The national debt for the fiscal year ending 9/30/01 (which was the Clinton administration's final budget), was approximately $5.8 trillion. That was
the amount of national debt inherited by President George W. Bush when his first budget took effect for the fiscal year 10/1/01 - 9/30/02. The amount
of national debt for the fiscal year ending 9/30/09 (which was the Bush administration's final budget) was approximately $11.9 trillion.
Accordingly, the Bush administration increased our national debt by $6.1 trillion ($11.9 trillion - $5.8 trillion). That's a 105% increase. In other
words, the Bush administration more than doubled the national debt in our entire history and of the 42 prior presidents.
The amount of national debt inherited by President Obama was $11.9 trillion when his first budget took effect for the fiscal year 10/1/09 - 9/30/10.
The amount of national debt for the fiscal year ending 9/30/10 was $13.5 trillion. The Obama administration increased our national debt by $1.6
trillion ($13.5 trillion - $11.9 trillion) during its first year in office. Now, in the second fiscal year ending 9/30/11, the debt will increase by
another $1.5 trillion.
Accordingly, in its first 2 years, the Obama administration has increased the national debt by $3.1 trillion (from $11.9 trillion to $15 trillion).
This is much less - only 26%, so far - than the increase in the national debt during the 8-years of the Bush administration.
Here is a link to the historic debt for the last 10 years: www.treasurydirect.gov...
As to corporations going overseas? Well, unions made this country great and that is why T-partiers are so against them! Corporations have no taxes,
and no soul, and no conscience. They would be happy to pay
$1 an hour - or $1 a week to ratchet up their profits. Corporations do not want to give fair wages, or benefits, and are taking advantage of countries
that do not protect their citizens with child labor laws, labor laws in general, and any benefits whatsoever - much less mandated breaks!