SO OBAMA SAYS THE DEFICIT PROBLEM IS BUSH'S FAULT....THINK AGAIN !
At every opportunity Barack Obama has placed the blame for the massive federal deficit on former President George Bush. Still claiming after more than one year in office that he, "inherited," the deficit problem and that he through his massive spending saved American from a depression.
Take a close look at the graph above, (hat tip to Mike's America). While Bush and Republicans were not good stewards of our money the deficits were in the process of declining through fiscal year 2007 while the government was still operating on GOP budgets.
Notice fiscal year 2008 the first complete year with a budget approved by a Democrat controlled Congress. The deficit jumped from less than 200 billion in fiscal 2007, the last year of a GOP approved budget , doubling to more than 400 billion in the first year of a Democrat approved budget. While Bush as President presented the budget Congress approved it and added greatly to the Bush budget but because he was President he was given all the blame.
Now closely look at the first year under Obama who worked with a total Democrat majority passing the stimulus bill as well as other massive spending bills. Fiscal year 2009 skyrocketed to 1.4 TRILLION, with 2010 nearly 1.6 TRILLION. Bush had NOTHING to do with either of these. In fact even with a Democrat controlled Congress Bush passed on a deficit around 400 billion which Obama more than quadrupled.
Projected budget deficits from the Obama administration all the way up until fiscal 2020 shows deficits at the least more than double any Bush and GOP deficits. In fact in fiscal 2010 the budget deficit EACH MONTH is more than any YEARLY deficit during the Bush administration and GOP majority in Congress. I am not defending the huge spending and government growth under Bush, I totally disagreed with it but facts are facts. While Bush and Republicans were not good fiscal stewards, Obama and clan make Bush and the GOP look like spend thrifts !
When Obama introduced his 2011 budget he had the gall to again blame Bush by claiming that the wars in Afghanistan and Iraq were the cause for the deficits. Notice again in the graph that during the final four Bush years with the wars taking place, the budget deficits were not even close to Obama's. So the blame Bush garbage is not only not acceptable but not true.
Spending and deficits have exploded with the total liberal rule of Barack Obama and the Pelosi/Reid Congress. When Mr. Deficit, Barack Obama points his accusing finger at George Bush he not only is deceiving the American people but needs to seriously look in the mirror and point at the true culprit for our fiscal madness, Barack Hussein Obama !