Thursday, July 28, 2011

The Deficit is Obama's Fault

okHere's the party of "Personal Responsibility" after voting for the biggest contributors to the debt — the wars in Afghanistan and Iraq, the Bush tax cuts, and President Bush’s Medicare prescription drug plan — which helped to double the debt over the past decade:

"a Bloomberg News analysis shows, these initiatives added $3.4 trillion to the nation’s accumulated debt and to its current annual budget deficit of $1.5 trillion. [...]

There’s plenty of blame to go around,” for the debt, said Robert Bixby, executive director of the Concord Coalition, an Arlington, Virginia-based group that advocates for balanced budgets. “If there had been no Barack Obama, we would still be bumping up against the debt limit."

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