Originally Posted by Villages Kahuna

Er ahh...Richie, I agree that the stimulus program didn't work as it was expected to. Nice try Barack and Tim, but it didn't work as expected.

But as far as assigning blame, the numbers don't lie. Virtually every analysis of what has caused the deficit and the increase in the national debt identifies the 2001 and 2003 Bush tax cuts as the single biggest causal factor. They were well-intended as well, expected to increase job growth and economic activity. Look at the statistics--those tax cuts didn't have their intended results either!

So I guess the more accurate assignment of blame for the current conundrum is to two Presidents and about 12 years worth of Congresses with both political parties exchanging control for that period. The analysis of the problem shows that George Bush's biggest contribution was cutting the revenue with the tax cuts. The Obama administration can be blamed for not controlling spending....although I've got to say that the GOP were pretty much like drunken sailors on their 10-year watch. In fact, I think it was John McCain who criticized those Congresses for "spending like drunken sailors", didn't he?