Fact Check: Obama Lies About Responsibility for Deficit

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posted on Sep, 24 2012 @ 10:30 PM
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In that 60 Minutes TV interview last Sunday, Obama said former President Bush was the reason the federal budget deficit has risen dramatically in the last 3 and 3/4 years.

This article says no.

I think voters know better too.

Only die-hard Gila Monster supporters will say it's all Bush's fault.

Obama won't let go of the "Bush's Fault" BeeEss because apparently there is nothing left to fight with.

Maybe there never was in the first place. The entire Obama campaign has been one big diversion after another.


Yesterday, President Barack Obama told CBS News’ 60 Minutes that “ninety percent” of the reason the federal budget deficit has risen dramatically under his administration is because of his predecessor, George W. Bush. Not only is that a baldfaced lie--Obama borrowed more money in less than four years than Bush did in eight--but it is a lie that many in the media want to believe, as Andrew Sullivan of Newsweek demonstrates.

Sullivan argues, in his latest Newsweek cover story, that Obama could become the new Ronald Reagan--for Democrats--by balancing the budget through “a bipartisan deal on taxes and spending.” This after four years in which Obama failed to halve the deficit as promised; radically expanded spending; constantly pushed for higher taxes; ignored his own debt commission; and failed to achieve a “grand bargain” on the long-term budget.

Fact Check: Obama Lies About Responsibility for Deficit



In Bush’s last fiscal year in office, FY2008, the deficit hit a new record high: $438 billion. The final spending bills for FY2009 were signed by President Obama--not Bush--and included spending that Democrats had failed to push through the Bush White House.

As of right now, the federal budget deficit for FY2012--Obama’s fourth and possibly last year in office--has reached $1.17 trillion, and counting. That is three times higher than Bush’s record-breaking deficit. ...

 



CBS News story --
March 19, 2012

(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.

National Debt has increased more under Obama than under Bush



Who's kidding who ?

I think we've been "Donkey-Konged"










posted on Sep, 24 2012 @ 10:58 PM
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actually, on the unemployment, june '08 to june '09 was the massive spike that was a direct effect of the bush administration.

jobless

And I am voting 'none of the above'

and I'm not sure why your numbers are different than other threads, but this is what I found





edit on 24-9-2012 by pointr97 because: (no reason given)
edit on 24-9-2012 by pointr97 because: (no reason given)
edit on 24-9-2012 by pointr97 because: (no reason given)



posted on Sep, 24 2012 @ 10:58 PM
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Do you not remember President Obama, Nancy Pelosi, and Harry Reid talking about the importance of lowering the deficit, how it would be a national security issue, threatening our lives and the lives of our children?

Yeah...Well Pelosi thinks she lowered the deficit. Reid thinks he lowered the deficit. Obama believes he lowered the deficit by adding trillions in new spending with Obamacare (future savings).

Meanwhile the deficit skyrocketed in reality.

Yes, they believe Bush caused 3/4ths of the deficit because they refuse to believe that the deficit ever went over 400 billion. They simply ignore the fact that it is 1.5 trillion and growing. To claim that it is 1.5 trillion is a lie (to them).



posted on Sep, 24 2012 @ 11:00 PM
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Originally posted by pointr97
Actually, on the unemployment, june '08 to june '09 was the massive spike that was a direct effect of the Bush administration.


Obama and Bush both supported the same policies which led to that. Can you prove Obama supported anything different? Bush became Obama. "We must sacrifice the free market economy in order to save it."



posted on Sep, 25 2012 @ 04:45 PM
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reply to post by xuenchen
 


That is hillarious!...your link says "Fact Check" but links to Briebart.com!..oh Fox...you wiley prankster!

Here is what President Obama said...since somehow you failed to actually qoute what it is you are claiming is BS?


When I came into office, I inherited the biggest deficit in our history. And over the last four years, the deficit has gone up, but ninety percent of that is as a consequence of two wars that weren't paid for, as a consequence of tax cuts that weren't paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression. Now we took some emergency actions, but that accounts for about ten percent of this increase in the deficit, and we have actually seen the federal government grow at a slower pace than at any time since Dwight Eisenhower, in fact, substantially lower than the federal government grew under either Ronald Reagan or George Bush.


Read more: www.foxnews.com...

Everything in that statement is factually correct and true...It just boggles the mind that Far Right Zealots are so committed to thier idealogy that they have convinced themselves that the Bush Era tax cuts, Two long wars/invasions, Closing the medicaire donut hole without paying for it, TARP etc...etc. etc. where what??? Free? Those trillions never happened???



edit on 25-9-2012 by Indigo5 because: (no reason given)
edit on 25-9-2012 by Indigo5 because: (no reason given)





 
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