Obama Has Spent More in 3 Years Than Bush Did in 8 Years as President

For all of the the idiots on the left who still attack Bush for spending, but give Obama a free pass to grossly over-spend all he wants, but will never admit that Obama, his wife, and the Culture of Corruption Democrats have trashed our country’s foreseeable economic future by spending us into a huge hole, not to bolster the economy, but only to enrich Obama’s friends and supporters, here is a little story that you will love.

National Debt has increased more under 3 years of Obama than 8 years under President Bush

National Debt has increased more under 3 years of Obama than 8 years under President Bush

It seems that Obama has spent more in just over 3 years than President Bush spent in 8 years. Just to cut off the know-nothings on the left who will say, “Yea, but Obama had to deal with the recession (that he and the Democrats caused) and had to clean up Bush’s mess” Bush entered the White House in the beginning of a recession, with the Internet Bubble busting, and also had to deal with the worst terrorist attack in the history of the world, while cleaning up after Clinton, who cared more about getting blow jobs in the Oval Office, than dealing with the terrorism problem growing on his watch. It was also Clinton who approved military action against Iraq, but that is blamed on Bush as well. Typical Democrat Idiocy.

You won’t see Obama mentioning the National Debt at any of his campaign stops, or glitzy Hollywood fundraisers, because Obama knows that he, the Democrats, and their radical friends have done more damage to our nation’s economy than all other adverse events that have effected the economy through history.

The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.

The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush’s last day in office, which coincided with President Obama’s first day.

The National Debt also now exceeds 100% of the nation’s Gross Domestic Product, the total value of goods and services.

Mr. Obama has been quick to blame his predecessor for the soaring Debt, saying Mr. Bush paid for two wars and a Medicare prescription drug program with borrowed funds.

The federal budget sent to Congress last month by Mr. Obama, projects the National Debt will continue to rise as far as the eye can see. The budget shows the Debt hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9 trillion in 2022.

Federal budget records show the National Debt once topped 121% of GDP at the end of World War II. The Debt that year, 1946, was, by today’s standards, a mere $270 billion dollars.

Mr. Obama doesn’t mention the National Debt much, though he does want to be seen trying to reduce the annual budget deficit, though it’s topped a trillion dollars for four years now.

As part of his “Win the Future” program, Mr. Obama called for “taking responsibility for our deficits, by cutting wasteful, excessive spending wherever we find it.”

His latest budget projects a $1.3 trillion deficit this year declining to $901 billion in 2012, and then annual deficits in the range of $500 billion to $700 billion in the 10 years to come.

If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.

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