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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