President Obama Largely Inherited Today’s Huge Deficits

…the tax cuts enacted under President George W. Bush, the wars in Afghanistan and Iraq, and the economic downturn together explain virtually the entire deficit over the next ten years

According to New York Times reporter Matt Bai, CBPP is one of three left wing think tanks funded by the Democracy Alliance.

Yeah… so I’ll take their “findings” about as seriously as left leaning people take Fox News. :wink:

Cool.

Moved to OT.

Dude, Bush has been outa there for a year. :deadhorse:

Common knowledge, we all know he inherited a shit storm.

I just thought it was interesting. I would also rather discuss the information in the article than the people who wrote the article.

The problem is you can’t do that with something as large and complicated as the federal budget. It’s far too easy to bias your numbers. I can go out and find a right leaning think tank that will show just the opposite, but that doesn’t really get us anywhere.

People have very short memories. The american public is already starting to blame Democrats fr the economy, despite the obvious.

oh hai, I can find biased graphs too!

http://blog.heritage.org/wp-content/uploads/2009/03/wapoobamabudget1.jpg

Well Obama has whined about it every week since he was elected.
So what has he done to cut overall spending and create jobs?
I love it when he says no one could have possibly known how bad it was. REALLY?
Except the hundreds of videos of proof on youtube that plenty of people knew.
At least one of 2 things is true; 1) Obama is the most retarded president ever. 2) Obama thinks Americans are retarded. I think it may be both unfortunately which makes it extra dangerous.

How is your graph biased? It looks pretty straight forward to me.

I agree that neither Obama nor congress has done anything to fix the economy for the long term. The economic reform bills being debated in the house and senate are appalling. Not to mention the idiotic healthcare bill and this latest move to vote to raise the debt limit on Christmas eve.

Just wait till when half our budget it paying interest on that debt.

^^That Christmas Eve BS has my blood boiling. When I talk to others about it they are like, "“oh yeah, I think I heard about that”. WTF? This country is gettting what it deserves.

I think every rep. should hold out for pay-off like Nelson. WTF?!?

don’t forget to be a good republican and pray for Byrd to die so he can’t make the vote:

^I guess they are worried he won’t make it another 24 hours so they are voting at 8:00am. lol

I am still pissed! This is the biggest robbery in US history.

Yea, its so bad he decided to spend all this money on healthcare to fix it.

we need healthcare reform, not a bill that will cost trillions in the long run. Government run healthcare is always a clusterfuck of problems. FIX those problems before creating more.

:blah:
What exactly is “government-run” over tighter regulation of the insurance industry and subsidies for people to buy private insurance? That will actually REDUCE the deficit? In case you live under a rock, fuckhead Lieberman got the public option tossed.

I can’t believe anybody can defend Obama, or the Federal Government anymore- Ya Bush sucked too.

We could have easily said “Oh Bush just entered into office at the wrong point in history because of 9/11.” and not place too much blame on him for handling the war wrong, but instead we wrote him off.

This all just makes me sick. There are too many excuses being made for Obama - the whole system needs to be cleaned out - and freed of all these shitty politicians.

9/11 is the only thing that stopped Bush from being viewed as the worst president ever.

Right - well what do you think of Obama at this point. The financial crisis of course was not his fault as President, but he was a Senator - and should take some blame for some of this nonsense.

All I am trying to say is, he’s handling everything very poorly - enough to say he’s no different than Bush, or the rest of them.

I don’t defend any politicians at this point.