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Old 01-29-2010, 06:57 PM  
BigRedChief BigRedChief is offline
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Obama increased the debt more than Reagan and George W.....Myth and BS

The biggest contributors to the total federal debt, by far, are Republicans, starting with President Ronald Reagan, who doubled the debt during his eight years, from about $1.6 trillion to over $3.0 trillion, and George H.W. Bush, who added another $1.5 trillion in just four years, before George W. added nearly $5 trillion.

In fact, over his eight-year reign, George W. watched the total deficit go from about $5.7 trillion to $10.625 trillion, an increase of almost $5 trillion! And, in his last full fiscal year (2007/2008), which ended September 30, 2008, there was an increase of almost $1 trillion ($0.962 trillion) for just one year!

When President Obama took office on January 20, 2009, the federal debt stood at $10.626 trillion. As of the end of September, which is the end of a 2008/2009 federal fiscal year, the debt was $11.776 trillion, or an increase of about $1.15 trillion. Before President Obama took office, about $500 billion already had been spent in the 2008/2009 federal fiscal year…by the no-contest winner of the federal-deficit Presidents: George W. Bush.
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Old 03-09-2013, 11:26 AM   #61
BucEyedPea BucEyedPea is offline
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Study: White House & CBO Projections Cook the Books

An influential economics paper from four economists including Frederic Mishkin (Ben Bernanke’s former right-hand man) was presented at a forum in NYC on 22 February 2013 is mentioned here.

http://www.washingtonsblog.com/2013/...the-books.html
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