Obama’s “Blame Bush” Strategy on Debt

Obama’s “Blame Bush” Strategy on Debt

Who is to blame for the nearly $5.2 trillion in debt racked up over the past four years?  Ask Barack Obama, and he’ll tell you that it lies squarely at the feet of one man: George W. Bush.   Gary W. Patterson, Jr. of Policymic.com has written a thorough debunking of Obama’s “blame Bush” strategy.

On 60 Minutes the other night, Obama claimed: “Over the last four years, the deficit has gone up, but 90 percent of that is a consequence of two wars that weren’t paid for, as a consequence of tax cuts that weren’t paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression.”

Obama then uses CBO estimates to claim that the government has grown at a slower pace under his tenure since the Eisenhower administration.  But numerous fact-check organizations have found that only 10% of the $5.2 trillion can be attributed to the Bush administration.  The remainder is due to Obama’s economic policies (40%), the recession (40%) and “other” (10%).

For more on what is to blame for the deficits, read the article at Policymic.com.  It turns out that blaming and fault-finding is easy … finding solutions, on the other hand, is hard.

No comments yet.

Leave a Reply