OK, how's this - 2001 Bush tax cuts, abandons a BALANCED BUDGET, budget goes into deficit.
2001 - War on Terror - Afghanistan, Iraq (but Iraq was not part of the war on terror - that was voluntary), neither paid for.
2004 Medicare Drug Benefit - big, costly expansion of Medicare entitlement, not paid for.
2001-2008 - lax regulation of financial institutions, ending in financial crash/crisis.
Add those up, and Bush/Republicans DOUBLED the national debt in 8 years. Vice President Cheney: "Deficits don't matter".
Obama care does NOT add to the deficit - it's paid for in new taxes passed specifically to fund Obama care.
If's not spending that's our problem, it's the deficit. We can easily eliminate the deficit by a simple compromise - 50% spending cuts, 50% tax increases. But, the Republicans won't vote for ANY tax increases.
How's that for compromise?
Bush was a disaster, but to say spending isn't the problem shows you don't have a clue at all.
project medicare, social security, obamacare, Medicaid into the future and its all unfunded liabilities. none of it paid for. the "GOVT" already takes too much out of people's hard earned wages. once you add all the taxes together, you pay about 55% of your income on various taxes if you make 100k a year. all sent to a giant slush fund managed by a bunch of socialist morons who how no idea how a business works.
every time they go over the annual budget all of their salaries should be debited by 50%. that would change things fast.
Where's the middle ground? You need to invest, but also you need to pay the bills, it can't be one way or it won't work. We can all turn into Africa, where there is no investment, unless you are the very rich or happen to be in power for the moment, no social net, armed clans ruling (no real gov't), no business or business created by others outside of your country. Where's the middle ground?
A middle ground on eliminating the deficit - 50% spending cuts, 50% tax increases.
We all know the Republicans won't agree to what any reasonable person would regard as a fair compromise.
So - the deficit is Obama's fault? I don't think so.
look at what the average folk has to do: a budget.
regular people don't have unlimited credit card funds neither do private companies. They have to be business people when it comes to their money. You know, plain old save, earn, invest, spend less than you make, etc...
Why make the government the exception?