Bush/Republican Tax Cuts For The Wealthy Created This Debt
We had surpluses with Clinton.
The dollar was above parity with the Euro with Clinton.
The economy boomed with Clinton.
We had nothing but debt since the Bush tax cuts and two unfunded wars and deregulation.
The dollar crashed since the Bush tax cuts and two unfunded wars and deregulation.
The economy crashed since the Bush tax cuts and two unfunded wars and deregulation.
Now, the deficits have been decreasing with Obama.
The dollar strengthened with Obama.
The economy is recovering with Obama.
Report: Under Obama, Taxes, Deficit and Spending All Down
Posted on May 16, 2012
Under President Obama, spending, taxes and the deficit have all decreased.
Despite what Republicans and the tea party would like to have Americans believe, taxes, spending and the deficit are all lower than when President Obama took office.
The fact is that Obama inherited a disaster of a federal budget. Eight years prior, when President George W. Bush took the oath of office, there was a $281 billion surplus. By the time Obama was sworn in, he was facing a $1.2 trillion deficit. Inconvenient though it may be for conservatives (especially those who are running for president), the truth is that spending, taxes and the deficit are all lower today than when President Obama took office.