The Cost of Obama
by Jeffrey H. Anderson, The Weekly Standard
"Deficit spending during Obama’s four years in the White House (based on his own figures) will be an estimated $5.170 trillion... Per year, deficits under Bush averaged $425 billion. Per year, deficits under Obama (according to his own numbers) will average $1.293 trillion — or more than three times as much... this has truly been a historic presidency — more profligate than any other by far."
The prime drivers of the deficit are the recession (begun during the Bush administration), the Bush tax cuts (extended by congress and Obama), and the Middle Eastern wars (started by Bush).
ReplyDeleteFurthermore, nice that you provide an average number for the Bush years, but the truth is for the last three years of Bush the deficits were $1.0T, $1.9T, and $1.7T.