GOP Debunked: Obama did not create $5 trillion in new debt

[kentuck]

http://www.examiner.com/article/gop-debunked-obama-did-not-create-5-trillion-new-debt?fb_action_ids=10200433986476482&fb_action_types=og.likes&fb_source=other_multiline&action_object_map={%2210200433986476482%22%3A420923924638852}&action_type_map={%2210200433986476482%22%3A%22og.likes%22}&action_ref_map=[]

<snip>
Republican pundits love to say that the national debt has increased by $5 trillion because of President Obama. Factually, that statement is simply untrue. Let's examine the evidence.

Of the alleged $5 trillion, $1.6 trillion is related to costs of the Iraq/Afghanistan Wars. These were costs George W. Bush intentionally hid from the budget, and that President Obama allowed to be calculated when he assumed office.

Note that Obama could have continued to hide the bill as Bush did, passing it along to his successor.

President Bush was able to manipulate funding for the Iraq/Afghanistan wars using special emergency authorization bills. He did this because, as you recall, the Democrats were attempting to defund the war legislatively.

The overall point is simple: Obama, as president, authorized not one cent of that $1.6 trillion to be spent.

....more

[Angry Dragon]

1. Now you have really confused the republicans

dot dot

dot dot


for the republicans dots are impossible to connect

[unblock]

2. republicans want it all. they wail about the deficit, then they wail about taxes to cover it.

leaving only spending cuts.

then they wail about any cuts to defense (other than armor for soldiers or benefits for vets) and corporate subsidies and everything except regulatory agencies, embassy security, and "entitlements".


they create problems then blame democrats for them.
they block solutions then blame democrats for failing to fix the problems.

[Demo_Chris]

3. Obviously. You need only read the January 2009 CBO report to see this

This was always a lie. But it's a GREAT LIE because most people do not understand how the budgets work.

[marew]

4. Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama?

http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/

"So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative?

It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% —going from $2.98 trillion to $3.52 trillion. I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.

The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.

Accordingly, the first budget that can be blamed on our current president began in 2010 with the budgets running through and including including fiscal year 2013 standing as charges on the Obama account, even if a President Willard M. Romney takes over the office on January 20, 2013."

[Frustratedlady]

5. It always frustrated me that the Democrats & Obama didn't bring this out during the election.

In fact, it seems they finish something and then move on without trumpeting their accomplishments.

The Republicans were able to keep them from mentioning it, because they accused Obama of blaming Bush. Well....

[progressoid]

6. Marking this for a later read.