Obama’s Big Deficit
I’ve heard one person after another explaining how Obama’s deficit is the biggest in history. I though I would look into this claim a little and see what I can find. Here’s is a quick graph from OffTheChartsBlog to show what the major contributors are to the deficit.
Take a look at the white area of the graph at the bottom. You see the small sliver of white? That is what the deficit would look like without the Bush years. In other words, take away the economic collapse Bush ushered in, take away the Bush tax cuts for billionaires, take away Bush’s misguided wars and what you have left is the small area at the bottom.
Of course, the TARP money is from the Bush years if you remember. TARP was already passed before Obama took office.
So, please, do yourself a favor and get in the habit of questioning the numbers and fears you hear spread by the right wing lie machine. It’s sole purpose is to take advantage of the uninformed. Don’t be one of them.