anonymous
2010-10-29 21:46:14 UTC
You can not blame these record deficits on democrats.
Here are the OFFICAL budget numbers from the CBO:
2000 - 236 Billion SURPLUS under Clinton
2001 - 128 Billion SURPLUS under Clinton
2002 - 158 Billion deficit under Bush with republican congress
2003 - 378 Billion deficit under Bush with republican congress
2004 - 413 Billion deficit under Bush with republican congress
2005 - 318 Billion deficit under Bush with republican congress
2006 - 248 Billion deficit under Bush with republican congress
2007 - 161 Billion deficit under Bush with republican congress
2008 - 459 Billion deficit under Bush with Dem congress
2009 - 1.2 Trillion deficit - Bush was pres the first 4 months of this budget which includes his 700 Billion in bailouts and the expected 600 billion deficit for a total of 1.2 trillion
Source : CBO Historical Budget Data
http://cbo.gov/ftpdocs/108xx/doc10871/historicaltables.pdf
Reagan increased our debt an average of 24% yearly...he tripled it from 934B to 2.6B (189%)
Bush increased our debt an average of 11% yearly...he doubled it from 5.7 to 10.6 trillion (91%)
Obama increased our debt 16% in his first year from 10.6 to 12.3 trillion (to stop a great depression)
(Data from the US Treasury Bureau of Public Debt - http://www.treasurydirect.gov/NP/NPGateway
FACTS SHOW THAT REAGAN AND BUSH SET RECORDS FOR DEBT INCREASES AND DEFICIT INCREASES