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"Bush Deficit vs. Obama Deficit in Pictures

Published:

Last Edited: June 13, 2009, 10:35 am

Source The Heritage Foundation

"Bush Deficit vs. Obama Deficit in Pictures

wapoobamabudget1

President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, giventhat Obama has already helped quadruple the deficit with his stimuluspackage, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s.

What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details:

UPDATE: Many Obama defenders in the comments areclaiming that the numbers above do not include spending on Iraq andAfghanistan during the Bush years. They most certainly do. While Bushdid fund the wars through emergency supplementals (not the regularbudget process), that spending did not simply vanish. It is included inthe numbers above. Also, some Obama defenders are claiming the graphicabove represents biased Heritage Foundation numbers. While we standbehind the numbers we put out 100%, the numbers, and the graphicitself, above are from the Washington Post. We originally left out thelink to WaPo. It has been now been added.

CLARIFICATION: Of course, this Washington Post graphic does notperfectly delineate budget surpluses and deficits by administration.President Bush took office in January 2001, and therefore played a leadrole in crafting the FY 2002-2008 budgets. Presidents Bush and Obamashare responsibility for the FY 2009 budget deficit that overlaps theiradministrations, before President Obama assumes full budgetaryresponsibility beginning in FY 2010. Overall, President Obama’s budgetwould add twice as much debt as President Bush over the same number ofyears."

Entry #1,178

Comments

1.
emilygComment by emilyg - June 13, 2009, 12:36 pm
Jesus H!!!!!!!!!!!!!
2.
konaneComment by konane - June 13, 2009, 1:27 pm
Thanks Em!!! Enough to cause everyone to do their best Daffy Duck or Taz!!!

This is stuff showing as of March, no telling what else is being hidden waiting to jump out and say 'gotcha'.
3.
Rick GComment by Rick G - June 14, 2009, 11:11 am
This chart compares two trees in the forest. It's meant for you to focus on a tree not the fire coming to consume the forest.
4.
konaneComment by konane - June 14, 2009, 1:34 pm
Thanks Rick!!! You're absolutely right!! They're working on a barrage of hidden stuff in addition to purposefully tanking the economy so we won't just which truck turned us into road kill when the dust finally settles.

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