bankruptcy wiki
It took Bush 8 years to raise the debt to GDP ratio by 20%, why in only 2 years Obama has raised it by 10%?
So Bush spending was BAD but Obama spending is GOOD? How? Both are leading us to bankruptcy. US national debt to GDP ratio is currently 92%. 90% is considered dangerous. Sources below.
http://en.wikipedia.org/wiki/File:US_Federal_Debt_as_Percent_of_GDP_by_President.jpg
http://www.usdebtclock.org/
Bush took in a 60% debt to GDP ratio and brought it to 80%, Obama has risen it to 90% at a faster rate than bush.
So? Bush dealt with the recession too, the huge spending starts when he was in office.
To reduce the national debt by 30% those tax cuts ending would have to earn over 4 trillion dollars. Dumbass.
Bush spent the money on things that would have almost no chance of return: Afghanistan, Iraq, military, etc.
Obama inherited a mess of an economy thanks to that, and his spending ideas are largely on stimulating the economy as a whole inside the United States. There is a chance of a return on that money as opposed to throwing it away on foreign endeavors.
In the end though, the entire economic model of the US is flawed. It’s a house of cards.
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