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Politics : President Barack Obama
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To: pcstel who wrote (146524)10/27/2014 9:28:28 PM
From: Wharf Rat  Read Replies (1) of 149317
 
"So you want to fault Reagan (simply because he was a Republican) for increasing the debt by 2.6 Trillion over 8 years. W"

No; I want to fault him cuz we came to a fork in the road, and he chose the one taking us over the cliff. He and his disciples did the same thing to Calif. We're now on the road to recovery, having ended much of the tyranny of the minority in the lege with various propositions, and we voted to raise taxes on the rich.

." Bush didn't double the debt as Obama has"

According to the chart, the Bush administration began with a $5.8 trillion gross federal debt, which grew by $6.1 trillion to reach $11.9 trillion -- an increase of 105 percent, or slightly more than double. The Times ascribed the increase in debt to "tax cuts, the wars in Iraq and Afghanistan, (the) economic downturn in 2001 and recession starting in 2007."
Following a suggestion from Treasury spokesman Matthew Anderson, we found that plugging the fiscal years of Bush’s presidency -- October 2001 through September 2009 -- into the Treasury’s online calculator gives debt figures that tally with the Times graphic. While that period begins nearly nine months into Bush’s presidency, it also aligns with the years over which he held budgetary sway
politifact.com
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