I just remembered how Clinton left Bush a Huge surplus when he left

[babsbunny]

What did Bush leave Obama? I am so sick of these stupid people falling for all of this bullshit! People twisting the truth. Obama inherited this mess!

http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html

By DAVID LEONHARDT
Published: June 9, 2009

There are two basic truths about the enormous deficits that the federal government will run in the coming years.

The first is that President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested.

[frazzled]

1. Remember when $230 billion sounded like a HUGE number?

That was the amount of the surplus. And a surplus of any kind is a huge thing.

Now everything is in the trillions, thanks to Bush & Co. I'm glad the article tells the truth about what a small portion of it is due to Obama. But the fact remains: he owns Bush's deficit now, and it's not gonna be pretty trying to fix it.

But he knew that coming in, so I'm not feeling sorry for him.

[Art_from_Ark]

3. Remember when Reagan was ragging on Carter

for running an $80 billion deficit? Then Reagan turned around and ran the deficit up to $200 billion in the course of just 2 years.

[zbdent]

6. as detailed in "The Triumph of Politics" ...

desperate to try to prove to the world that Reagan's economic plan saved the U.S. from the horrors of Carter's plan, David Stockman actually proved to himself that Carter's plan REDUCED the deficit, whereas Reagan's inflated it ...

[Art_from_Ark]

8. They took Stockman "out behind the woodshed" for that conclusion

and he resigned shortly thereafter.

[zbdent]

13. setting the tone for all those who would speak the truth to

anybody who would care to listen ...

[Art_from_Ark]

14. Just another reason why I despised that SOB

and his screwed up administration

[SlingBlade]

2. Yep. Brain Dead Americans :(

[OnlinePoker]

4. During the Clinton administration, public debt went down...total national debt went up

The following article is written by a conservative, but his information is accurate according to the treasury department website.

http://www.craigsteiner.us/articles/16

[hughee99]

5. If I recall, there was a huge "projected" surplus

based on economic projections that turned out to not be that accurate (continuation of the tech bubble, for one), but there was a much smaller real surplus.

[zbdent]

7. these are the same people who after saying

"Clinton caused this economic crash!", now sit there saying "Hey, we have to quit living in the past and get on with 'fixing' this problem."

They're running out of people who will listen to them blame Clinton and Obama for the economic clusterf*ck ...

[BlueJac]

9. Do you remember when Clinton signed NAFTA?.........

he was a jerk! Look at his men working for Obama!!!

[snot]

10. Chart

[flyarm]

11. is this the new talking point..I have seen this numerous times today..well is it? eom

[Taitertots]

12. He doesn't need to raise it like it was his own

The same thing with Iraq, Afghanistan, and the bailout.

They all go together. Over spending in the military cranks up the deficit. The cranked up deficits leave no room for expanding fiscal policy worsening the depression. The depression means less money for the military, leading to over spending.

We need to end the failed wars. Take the money saved and invest it into America, even if there are deficits. The economy will recover and increased tax base will pay down the deficit.