No More “Irresponsible Bush Deficits”

During his campaign, Barack Obama denounced the Bush Administration every day for “irresponsible deficits.”  Obama’s campaign web site included this attack on Senator McCain:

McCain Offers Four More Years Of Soaring Deficits. Just like George Bush, McCain budget plan offers four more years of soaring deficits…the non-partisan Tax Policy Center said McCain’s tax plan would add $3.2 trillion to the debt over the next decade…

We now know that would have been a bargain.  Obama and the Democratic Congress will add more than $3.2 Trillion to the debt in just two years.

def-chart-december09

  • The 2009 Deficit was greater than all seven Bush deficits combined.  (There was  a surplus in Bush’s first year, 2001.)

  • Obama’s first two deficits, 2009 and 2010 will be greater than the last 13 deficits combined.

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