Graham,
The deficit increased considerably under Bush for the years 2003 - 2005 with the
2004 deficit reaching a record (at the time) $462.56 billion. The previous
record being $438.5 billion in 1992. By 2006 it had almost been cut in half
from
the 2004 deficit and in 2007 it was down to a "mere" $165.24 billion. BHO's
first year was a mind boggling $1,416 billion followed by $1,294 billion and
for 2011 $1,650 billion.
Those are inflation adjusted numbers to 2011. If you looked at the
non-inflation
adjusted dollar amounts, the Bush years don't really look as bad.
What made Bush look bad was the fact he came in with a two year budget surplus
and held a budget surplus through 2001. He had been expected to be more
fiscally
conservative than he turned out to be. The result of his unpopular spending
was the abandonment of the Republican Party by the Conservative base in 2008
(they stayed home in droves on election day). So the Socialists won and we
got BHO, Nancy Pelosi, Harry Reid & Co. and $4,360 billion debt generated in 3
years. Makes "ShruB," as you derisively put it, look downright thrifty.
Bob Borger
On Apr 18, 2011, at 17:53, GRAHAM SINGLETON wrote:
> Jeff
> wasn't it the ShruB created the biggest deficit in history and started all
> this
QE, ?
> Graham
>
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