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Bush vs Obama on the Deficit/Debt


All figures are from the non partisan CBO:
The Breakdown of the Deficit/Debt
81.2% Increase in National Debt under Bush:

$_5.871 Trillion in 2OO1
$10.640 Trillion in 2OO8
_______________
$_4.769 Trillion Increase (81.2% Increase in National Debt)

44% Increase in National Debt Under Obama:

$10.569 Trillion Jan 31st 2OO9
$15.223 Trillion Jan 14th 2O12
________________
$_4.659 Trillion Increase (44.1% Increase in National Debt)

Increase Since 2001 = $15.223 – $5.871 = $9.532 Trillion

Bush’s PERCENTAGE of increase $4.769 Trillion / $9.532 Trillion = 50%

BUSH BIG BUT:

$3.56 Trillion or 76% (3.56/4.659) of the increase was Bush CARRY OVER:

$910 Billion = Interest on BUSH Debt 2009/2011
$360 Billion = BUSH Iraq War Spending 2009/2011
$319 Billion = BUSH TARP/Bailout Balance from 2008 (as of May 2010)
$419 Billion = Bush Recession Caused Drop in taxes
$190 Billion = Bush Medicare Drug Program 2009/2011
$211 Billion = Bush Medicare Part-D 2009/2011
$771 Billion = Bush Tax Cuts 2009/2011

$4.769 TRILLION from 8 BUSH YEAR
$3.560 TRILLION of Bush Carry Over

$8.329 TRILLION – Due to BUSH

Bush’s PERCENTAGE (Corrected) $8.329 Trillion / $9.532 Trillion = 87.4%

87.4% of National Debt Increase caused By Bush’s Programs (2001 to 2012)
12.6% of Increase caused by Obama’s Programs.
And Bush grew the federal employee’s numbers by 82%.
Obama cut the federal employee’s by over 600000.

 

– outlandish

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  • Lib/cons are stupid

    This is some REALLY tortured math.

    The gross numbers don’t lie, this administration picked up where the last one left off, and then went into overdrive.

    Partisan hack full of shite idiot!

  • Bryan

    The fact that Obama had a supermajority of democrats the first two years in office and could have repealed the tax cuts or stopped the wars whenever he wanted. Instead he increased spending on healthcare, continued the wars and started new ones in libya and yeman, and extended the bush tax cuts. Take ownership of it and stop blamming bush….

  • Mary

    Good analysis. Correction: medicare part D and Medicare drug program I think are the same thing.