Except for the 7 trillion Barry has racked up in debt. And the 100,000 Hcv prescriptions.
Well here we go, while the debt WAS accumulated under Obama, it had nothing to do thing Obama policies, and you know it. For example
- Afghan war - Initiated by GW Bush, with no funding
- Iraq war - totally bogus war misled into by GW, with NO FUNDING
- Bush tax cuts - unpaid for
- Med - Initiated by GWB - Again, UNPAID FOR
- Adaption of depression like economy for predecessor
Obama initiated some things that account for maybe 10% of the deficit mainly the following due to the horrible near depression that he adapted from GWB:
- Increased aids to states
- Longer unemployment benefits and food stamps, etc - Again, he adapted an economy that was LOSING 700,000 a month.
- Stimulus package - There has been a stimulus package during every single recession that this country has ever had, including under reagan and both bushes. Virtually all economists suggest that this is necessary, it created jobs, and the stimulus was not large enough. When Obama took office, the deficit was 10% of GDP, and is now only at 4%. The deficit has also decreased four years in a row.
These are facts! Here is a quote and link from the non partisan Center for Budget and Policy Priorities. If you have a reference with facts refuted this, I would love to see it; I looked and it doesnt exist. You willclearly see that while Obamas heroic efforts led to short term deficits, but did slow and reverse the recession; bushes massive unpaid for policies account for virtuall all of the long term deficts ie 17 trillion over the next ten years. Sorry you got the wrong man!
http://www.cbpp.org/cms/?fa=view&id=3849
Quote
"Just two policies dating from the Bush Administration — tax cuts and the wars in Iraq and Afghanistan — accounted for over $500 billion of the deficit in 2009 and will account for nearly $6 trillion in deficits in 2009 through 2019 (including associated debt-service costs of $1.4 trillion). By 2019, we estimate that these two policies will account for almost half — over $8 trillion — of the $17 trillion in debt that will be owed under current policies.[7] (See Figure 2.) These impacts easily dwarf the stimulus and financial rescues, which will account for less than $2 trillion (just over 10 percent) of the debt at that time. Furthermore, unlike those temporary costs, these inherited policies do not fade away as the economy recovers.[8]"