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Wednesday, March 02, 2011

For the last time, stop blaming Obama for the defecit!

Take a look at this chart from the Center on Budget and Policy Priorities in a report entitled "Critics Still Wrong on What’s Driving Deficits in Coming Years: Economic Downturn, Financial Rescues, and Bush-Era Policies Drive the Numbers."



Now note something. The things OBAMA did (TARP, etc) took up a rather small part of the defecit. If you also notice, Bush's wars (Iraq, Afaganistan...both inherited by Bush), though noticeable, do not make the majority of the shortfall.

The real villians are THE BUSH TAX CUTS. Of the projected 1.9 trillion dollar shortfall, those cuts take up as much as 8 trillion of that.

Eight. Trillion. Dollars.

So, once and for all....it is NOT Barack Obama that got us in this mess. It's US. Our refusal to pay the bill that got us here. Not to mention our GOP/Tea Party enablers.

Moving on.

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