Quote:
Originally Posted by Minte
Using the Obama administration's own projections, the non-partisan Congressional Budget Office (CBO) estimates that, including the record 2009 budget deficit of $1.85 trillion, and huge annual deficits over 2009-2019 will result in an additional $11.1 trillion in national debt, on top of the current $11.4 trillion. As I will discuss below, the national debt will very likely more than double in the next decade because some of the CBO's economic assumptions may be too optimistic.
http://www.investorsinsight.com/blog...onal-debt.aspx |
The correction in the war costs being added to the budget and deficit is what added to the 2009 costs and is now what is projected into future budget. He didn't create this error, someone else did. He isn't hiding it, like someone else did. This is what 8 years of lies created for our Country's future.
Bush did 1.3 - 1.4 trillion in bailouts/stimulus, straight up - zero money back. Obama's stimulus was 700 billion to be used over 4 years. As the article states, Obama has only spent $37 billion of the 700 billion bailout. And as we know, some money has come back.
As I stated, Obama himself only added a tiny fraction in comparison.