Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Normal
Deficits are the shortfall between revenue collections and spending in a given year. Debt is the total accumulation of those deficits. I wanted to point that out because you seem to confuse the two concepts as being one in the same although they are not interchangeable. Now please, address the $830 billion that was supposed to be "one time" emergency spending that has now become additional spending every year. If that money was authorized under Bush, then the additional spending for that year belongs to Bush. However, once Bush was out of office, the decision to continue spending that money falls on Obama - he owns responsibility for that spending now, not Bush. Obama continues to spend that "one time" emergency money every year, which makes it the primary driver of his trillion dollar deficits. Had Obama allowed that "one time" spending to only occur that "one time" under Bush, then Obama's deficits would have been $830 billion less each year.
Deficits are the shortfall between revenue collections and spending in a given year. Debt is the total accumulation of those deficits. I wanted to point that out because you seem to confuse the two concepts as being one in the same although they are not interchangeable.
Now please, address the $830 billion that was supposed to be "one time" emergency spending that has now become additional spending every year. If that money was authorized under Bush, then the additional spending for that year belongs to Bush. However, once Bush was out of office, the decision to continue spending that money falls on Obama - he owns responsibility for that spending now, not Bush.
Obama continues to spend that "one time" emergency money every year, which makes it the primary driver of his trillion dollar deficits. Had Obama allowed that "one time" spending to only occur that "one time" under Bush, then Obama's deficits would have been $830 billion less each year.
