I just did some simple research to find out the debt, Bush vs. Obama.
When Bush came into office on 1/20/01, the debt was 5.7 Trillion.
The debt when the democrats took over congress on 1/3/2007 was 8.5 Trillion.
That makes Bush responsible for approximately 2.8 Trillion of debt.
The democratic-run congress then ballooned that debt in only 2 year's time to 10.6 Trillion on January 20th, 2009, the day Barack took over.
Bush & the Republican led congress added 2.8 trillion of debt for the 6 years that they were in power, or approximately 460 billion a year.
Congress spent 2.1 Trillion over two years, or roughly 1.05 Trillion a year with the Democrats in charge and Bush as a lame duck president.
But that's nothing to what happened once Obama took office.
On January 20th of the next year, our debt was 12.3 trillion.
In one year, the Democrat-run congress with Barack at the helm gave us 1.7 Trillion of debt in one year... more then triple what the Republican led congress was racking up under Bush.
SOURCE:
http://www.treasurydirect.gov/NP/BPDLogin?application=np
No comments:
Post a Comment