Apr 27, 2010

Bush Increased the National Debt 71.9%...A New Record!

The conservatives love to send e-mail messages blaming Obama for the national debt, however here is a response suggesting that the nation debt ceiling rose seven times under the Bush administration and broke all records.

Let's see....

When Bush entered office, the national debt was $5.727 TRILLION and when he left office the national debt had increased 71.9% to $9.849 TRILLION. The was the largest debt increase in the history of the United States. Bush, and his Republican Congress, raised the national debt limit, SEVEN times while in office....and then the economy collapsed.

Question: Why is it I never heard a peep from my Republican friends during this period?

Businesses, which Republicans favor unabashingly on all legislative initiatives, begged for monetary stimulus since neither citizens nor businesses had the cash to jump-start the economy. Bush and the Republicans  passed the first TARP stimulus program and Obama followed suit, since the government was the only party that COULD respond.  The Republicans and conservatives understood this and decided to pass the first TARP in 2008.  However when Obama entered office, suddenly the tool THEY used, was considered ruinous.

Obama is cleaning up Bush's collapse and you are angry with Obama?

This sounds like blaming the fire department for an arson's crime...

I bet you won't forward this...;-)

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