US Budget Deficit – Credit where Credit is Due


And you made quite a few of us older Americans cry also!

It’s hard to decide which topic to pick on any given day in the current Presidential race but there is one that I find particularly irritating.  The Obama contribution to the current deficit at $15 trillion is one that impacts everyone – or at least the deficit does.  The Republicans have had no shortage of data spinners in this area.  As we saw with the admission from a Romney Pollster, Neil Newhouse, (who has worked on the Republican side of the aisle for a good number of years, including working with Romney in his run for Governor in Massachusetts in 2002) the Romney campaign  messaging and ads will “not be dictated by fact checkers” ( or as I like to say “Let’s not confuse things with the facts”), the Republican leaders have given Obama credit for the large rise in the current budget deficit.  Paul Ryan, in a phenomenally inaccurate RNC speech filled with lies and mis-statements, has obviously taken the approach that most Americans are lazy and/or stupid and won’t dig any deeper than needed.  True at some level but just in case, let’s throw some real data out there.

Aside from lying about the closure of the GM plant in his home district, Paulie’s crap about how the Obama Medicare plan is that different from his, his ignoring of the Republican role in the US credit downgrade as a result of their holding the debt ceiling hostage, Paulie made it clear that “President Obama has added more debt than any other president before him” and proclaimed “We need to stop spending money we don’t have.”  Let’s spend a minute or so and look at the data.  I can’t speak for 100% accuracy in every bit of the analysis, but the data is consistent across multiple sources so I’ll take a risk that it isn’t too far off.  Looking at this data, it becomes pretty clear that rather than the $5 Million attributed to Obama, he can take credit for less than $1 Mil – quite a different picture.  I’d suggest you actually take a step out to the articles for more detail and context.

Both graphics make the point very clear.  Of the $5 Million or so added to the deficient on Obama’s watch, the majority (say 80%) can be attributed to the previous administration.  When the Republican idiots throwing this crap around are actually looking for the right recipient, I would suggest they look a little further in the back of the Republican crowd – only you don’t see Georgie W. Bush and anyone else from his administration who put us in this mess anywhere to be found.

I’d like to think that Georgie has a conscience (there’s that idealistic side of me) and, if so, I expect he would be drinking again – I imagine it is tough to have the sinking of the American economy (and all that goes with it) as well as the deaths of over 6500 US soldiers on your head.

So when we put almost all our ills together today, I have to think it is only right to present the latest “Head up the Butt” award to former President Georgie W. Bush.  Take a bow – wherever you are!

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