Obama’s Hockey Stick Debt Graph

UPDATE: Responding to critics here and on Twitter we added a second chart that begins in 1989.  Please scroll down.

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6 Comments so far

  1. Not on task on July 31st, 2011

    This graph is misleading for two reasons:
    1. President Bush kept war spending for Iraq and Afghanistan off the books, and President Obama put that spending in. Shift that spending backwards, and your stick evens out a good deal.

    2. Revenues are down because of a recession that President Obama inherited, from President Bush, while many of the so-called Obama expenditures were voted on across party in order to prevent a worse financial meltdown.

    How about some honesty please?

  2. Albert on August 1st, 2011

    The wars were “off the books” is another pernicious lie. How dare you put out such a lie and then ask “How about some honesty”?

    The OMB historical tables that are the source of data for the chart report every dollar the government spends on everything.

    Your allegation is that that career, civil service CPAs in the Office of Management and Budget AND in the Congressional all conspired to produce fraudulent accounting reports that did not disclose war spending. Not only is your charge utterly absurd it defames honest people who do incredibly difficult work in a high pressure environment.

    BUT… If it were true that Bush ordered fraudulent accounting reports and if it were true that thousands of accountants all followed those orders without even one whistle blower going to the media, don’t you think the first act of the new Democratic President, backed up by an overwhelming majority in the Congress would have been to order corrected reports? And prosecute the employees who conspired to deceive Congress and the public?

    I checked the accuracy of the chart against the historical tables and it is accurate. The tables were published in March, 2011 by the Office of Management and Budget which is run by an OBAMA appointee. Do you think this person would also join in your Bush conspiracy to hide war costs “off the books?”

    Here’s what actually happened. Bush requested funding for the wars in “special appropriations” that were separate from the annual Defense appropriation. It only means Bush asked the appropriators to consider the added expense of the war separately from the regular, on-going costs of the DOD.

    After Congress approved the war appropriations the costs were folded into the monthly reports DOD submits to Treasury. Those costs were never “off the books” or hidden in any way.

    If you’re not too stuck in Bush-hater myths, and you would like to see an objective, comprehensive examination of war costs, including those born by non-DOD departments you can click on the link for a PDF from CRS. But I don’t expect you to bother because it would take too much effort for you to learn the truth. I’ve learned that foaming-at-the-mouth partisans on both sides aren’t interested in objective, unbiased reports of facts and numbers.

    http://www.google.com/url?sa=t&source=web&cd=1&sqi=2&ved=0CBkQFjAA&url=http://www.fas.org/sgp/crs/natsec/RL33110.pdf&rct=j&q=CRS IraQ and Afghanistan&ei=PdE2ToD-JobSiALzr7HDCA&usg=AFQjCNHjBPsvESRejCx5jQYT4wnzgrFYTw&cad=rja

  3. AzTex on August 1st, 2011

    There’s a reason the chart only goes back to 2000, right? No room on the webpage to show what BUSH did to the debt?

  4. Barney on August 1st, 2011

    AzTex

    Lying with figures. Its an old political game

  5. Keyword Tools on August 2nd, 2011

    So Obama signs and the debt bill becomes law. Everyone breathes a sigh of relief and life carries on as normal – but for how long? There’s only so much road you can kick the can down and America is pretty near the end of it. What then?

  6. Claud Negron on August 4th, 2011

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