Never pass up a chance to sit down or relieve yourself. -old Apache saying

Tuesday, June 14, 2011

Republican deficits

The Republicans amnesia from the Bush years is near-total. Or, maybe they're all just liars.

Gathered from another Netizen:

96% of debt comes directly from Republican­­s and Signed into law by Bush:

National Debt Increased by 75% under Bush:

2001 - $5.871 trillion
2008 - $10.640 trillion

National Debt Increased 25% Under Obama:

Jan 31st 2009 = $10.569-Tr­­illion
Jan 31st 2011 = $14.131-Tr­­illion

But of the $3.56-tril­­lion increase, 98% was carry over from Bush programs:

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

SubTotal 2009-2011l­­: $3.181-tri­­llion

Bush's Combined contributi­­ons:

2001 to 2008: $4.769-tri­­llion
2009 to 2011: $3.181-tri­­llion

Total: $7.950-tri­­llion

Increase Since 2001 = $14.131 - $5.871 = $8.26-Tril­­lion

Bush's contributi­­on: $7.950-tri­­llion / $8.26-Tril­­lion = 96%

Obama only contributi­­on: $580-billi­­on = Stimulus Spending (as of Dec 2010).

Increase caused By Bush's Programs: 96%
Increase caused by Obama's Programs: 4%

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