did Bush leave Obama with a $1.3 trillion budget deficit? That’s a convenient talking point for Obama, but it’s just not true. First, the folks in charge of the purse strings for the last two years of the Bush administration were the Democrats (including then-Senator Barack Obama) who spent a great deal of money. Second, according to numbers from the Congressional Budget Office the deficit Bush left office with was just over $400 billion. The first budget Obama passed, the budget Senator Kent “deficit hawk” Conrad supported, ran up the deficit to $1.85 trillion in the first year and is scheduled to add another $9 trillion to the national debt over the next decade.
Sunday, June 14, 2009
How much of a deficit did Bush leave?
Rob at Say Anything Blog has a great article:
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