I think I'm going mad. Can someone PLEASE give me a detailed explanation as to how the debt we have is Bush's fault? Isn't the Obama administration even moving on from blaming Bush? If he gets re-elected and the debt continues to rise at record breaking levels, what will be the argument then? Still Bush? Seriously...someone please post an exact reason that it's Bush's fault.
Let's say that you run a business. You buy hookers, drugs, alcohol and a couple of those really big foam hats. You put this on the company credit card. They fire you and hire someone else to run the company. That person still has to pay the bills AND pay off your charges plus the interest. Does that help?
But if I did come in next and have to clean up the place, I wouldn't continue to spend more money than we make.
Debt is like a snowball of continually enlarging numbers eating themselves. Once Bush got the ball rolling, it kept on rolling. Bush created the debt he gave us from a surplus.,and was at the time, the compiled the largest debts of all previous Presidents COMBINED. When you starting with a 10 TRILLION hole at the end of the Bush dictatorship, hard to turn it around without it running over you. Obama inherited the largest debt in the US's history, from George Bush.....THAT'S HOW.
Would it help you to know that the President just proposes a budget? That the budget actually originates in the House? How about the fact that the "conservative" Republicans blew a surplus and handed over the reins with a $400,000,000,000 in annual interest? Did the 2 long-term and expensive wars that Bush started end as soon as he left office? How about the wrecked economy?
I agree with the posters thus far trying to explain how we got to where we're at. I would like to add that the only way we are really every going to catch up is if we stop being the world police. It's time to let other nations share in the responsibility! I have no prob with humanitarian relief aide, but war is expensive and they are not even our wars that we lose our solders to.
It is simple, the government and their supporters will say that the fault is of their rivals, never of their own. It is in every country, in Spain for example the government says that the reforms are done because of the inheritance from the previous government. That is the usual. Nonsensne.
When Obama took office, the national debt was $10.6 trillion dollars. Bush himself only added $4.89 trillion in his entire term. I guess the fact that Obama surpassed that within three years of taking office is irrelevant, as is the fact that he has risen it faster than any president before him. "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." CBS News Mark Knoller "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." Knoller So what you guys are saying is, even though the debt was already $5.7 trillion when Bush took office, and he added only $4.8 his entire term, and even though Obama's own proposals show the national debt hitting $20 trillion by the end of his second term, AND even though "the National Debt once topped 121% of GDP at the end of World War II," Knoller (so it's hard to blame Obama accumulating so much irreversible debt on war), it's still Bush's fault? Seems like a bunch of denial to me.
What responsibility. Of imposing dictators on other nations and then destroying those nations because those dictators that we placed were evil? Bully, rogue, criminal, thug would be much better words, though far too mild. Have you looked at the stats on drone wars under Obama. 2003 to 2007 a total of 9 drone attacks in Pakistan under Bush. Obama is supposed to be your anti war humanitarian. Guess what's the average under Obama? 1 drone strike in Pakistan alone every 4 days and that's ignoring the ones in Afghanistan and countries in the Middle East. And how come we still have troops in Afghanistan and Iraq if those wars were really unnecessary. If Obama knew the war in those countries was unjustified why was not his first actions as president to call back the troops? Obama / Bush / Romney. They are all the (*)(*)(*)(*)ing same. Let's just stop the BSing and agree that Bush and Obama are both criminals of the worst sort and there is little to separate the two other than which party they belong to.
Correct...Bush started the forest fire that is raging out of control now, consuming everything in it's path. Republicans trying to holler about it now is like pissing on that forest fire, as they sat on their hands while the arsonist set everything ablaze. Obama hasn't been able to put the fire out yet, so now it's all his fault, even though the people that have all the water are hoarding it for themselves while the nation burns. Bush was in charge when the reactors to our economy melted down. They're going to continue to melt down. Yup...George F'd it up for everybody.
And Obama continues to do do more of the same. And Romney would also keep doing more on the same. What really is the reason to vote for Obama then?
Bush and Obama are both to blame. But Bush is no longer President so we can't throw him out of office. We will have to satisfy ourselves with throwing Obama out of office. If Romney doesn't get spending under control, we will throw him out too.
So you want to kick out one bad leader and then replace him with another bad one and 4 years later do the same and continue on the cycle. Might it not be logical to then pick a leader who is actually different from the scum we keep electing?
It's fault of Obama and Bush -- and their predecessors. A lot of the blame stems from the financial trends that began in the 80s. Before the Reagan era, investment banking was a relatively small market sector. Nowadays, it affects the entire economy to a tremendous degree. Beyond that, you can blame the mess that SS is in due to both parties raiding its funds for pet projects. Beyond that, you can blame a combination of longer lifespans, a dysfunctional and oligopolist medical market, and unhealthy lifestyles on our massive medical costs and debts. So, yes, our current mess is the fault of Bush, but it's also the fault of a lot of other people and factors. There's plenty of blame to go around.
Who cares who caused the problem. The problem EXISTS. The US Government has sold the US people into corporate slavery and has deprived the common people of the freedom to achieve wealth. THAT is how this problem was caused. The US Government is attempting to drain its common people to pay itself out of debt and the fat cats and multinational corporations are laughing all the way. Neither a Republican nor Democrat can solve the problem because the US Government is impotent. Political will is controlled by corporate interests and they are having a GREAT TIME raping the American public.
I care. It's the reason I posted this thread, lol. However, I do agree that smaller government is the answer, and it sort of looks like that's where you're going with your post.
