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Old 11-19-2011, 03:09 PM
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Richie:

I think I'm a bit confused. Triple the debt? I don't think so. Even 'triple the deficit' isn't accurate. Going to the OMB for the following numbers:

Bush's last budget year was FY 2009 (which started 10/1/2008). The deficit for that year was $1.4 Trillion.

Obama's deficits are: FY 2010 - $1.2T, FY 2011 est $1.6T, FY 2012 (which started last month) $1.1T

Looking at the public debt itself.. The amount of debt on the last day of the fiscal years:

Clinton's last - FY 2000: $5.6T
Bush's last 1st term - FY 2004: $7.3T
Bush's last 2nd term - FY 2008: $10T, and it was $11.9T by the end of FY2009 (Bush's last budget plus remember the off-budget stimulus package and bailouts that were started under Bush's term)
By 9/30/2010 it's at $13.5T.

Sorry, Richie, you're wrong on both counts. Obama neither tripled the deficit, nor the debt. Even at $1T/year it would take Obama more time than he can Constitutionally BE President to triple the debt.

Are you referring to some other numbers I'm not aware of?