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To: MulhollandDrive who wrote (393130)	11/14/2010 6:55:19 PM
From: KLP	2 Recommendations Read Replies (1) \| Respond to of 794344

Bush Deficit vs. Obama Deficit in Pictures [KLP Note: In the FWIW column, I think it is odd that Democrats (and Repubs) who should know better continue blaming everything on GWB...BUT when we look at the charts after 2006, when the DEMS took CONTROL of BOTH House and Senate, the Deficit continued to climb....and climb....In fact, since the 2008 election, they have continued to climb without end.....ODD, Isn't it???? <ng> ] Posted By Conn Carroll On March 24, 2009 @ 10:20 am In Ongoing Priorities \| 473 Comments UPDATE: This graph is now over one year old. For up to date information see this post: Budget 2011: Past Deficits vs. Obama’s Deficits in Pictures [1] [KLP Note: See next Post for this] blog.heritage.org President Barack Obama has repeatedly claimed that his budget would cut the deficit by half [2] by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. [3] The Washington Post [4] has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s. What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details: • President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion. [5] • President Bush began a string of expensive finan¬cial bailouts. President Obama is accelerating that course. [6] • President Bush created a Medicare drug entitle¬ment that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new govern¬ment health care fund. [7] • President Bush increased federal education spending 58 percent faster than inflation. Presi¬dent Obama would double it. [8] • President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already in¬creased this spending by 20 percent. [9] • President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend. [10] • President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016. [11] UPDATE: Many Obama defenders in the comments are claiming that the numbers above do not include spending on Iraq and Afghanistan during the Bush years. They most certainly do. While Bush did fund the wars through emergency supplementals (not the regular budget process), that spending did not simply vanish. It is included in the numbers above. Also, some Obama defenders are claiming the graphic above represents biased Heritage Foundation numbers. While we stand behind the numbers we put out 100%, the numbers, and the graphic itself, above are from the Washington Post. We originally left out the link to WaPo. It has now been added. CLARIFICATION: Of course, this Washington Post graphic does not perfectly delineate budget surpluses and deficits by administration. President Bush took office in January 2001, and therefore played a lead role in crafting the FY 2002-2008 budgets. Presidents Bush and Obama share responsibility for the FY 2009 budget deficit that overlaps their administrations, before President Obama assumes full budgetary responsibility beginning in FY 2010. Overall, President Obama’s budget would add twice as much debt as President Bush over the same number of years. ________________________________________ Article printed from The Foundry: Conservative Policy News.: blog.heritage.org URL to article: blog.heritage.org URLs in this post: [1] Budget 2011: Past Deficits vs. Obama’s Deficits in Pictures: blog.heritage.org [2] his budget would cut the deficit by half: politico.com [3] given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious.: blog.heritage.org [4] Washington Post: washingtonpost.com [5] President Obama would add another $1 trillion.: heritage.org [6] President Obama is accelerating that course.: heritage.org [7] President Obama has proposed a $634 billion down payment on a new govern¬ment health care fund.: cnn.com [8] Presi¬dent Obama would double it.: heritage.org [9] President Obama has already in¬creased this spending by 20 percent.: heritage.org [10] President Obama would continue that trend.: heritage.org [11] President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.: heritage.org Entire link here: blog.heritage.org