Posts Tagged ‘Additional Details’
Can Obama reduce deficit spending to levels before the Dem’s came in power in 4 years?
Steve asked:
Can he return deficit spending to levels before the Dem’s took over congress in 4 years?
http://en.wikipedia.org/wiki/United_States_federal_budget
Can he return deficit spending to levels before the Dem’s took over congress in 4 years?
http://en.wikipedia.org/wiki/United_States_federal_budget
Note this is not the national deficit which has risen every year. They do not count interest owed in the deficit spending. Interest alone will over 600 billion by that time.
Additional Details,
Democrats had power of congress starting in 2007,
Yes I know Republican Pres. spent more, but Dems controled the house for most of those years before the first 6 years of Bush.
Bush is responsible for about 2.5 - 3 Trillion.
Clinton left office it was 5.7 trillion 5.7*1.045^8= 8 Trillion including interest is leftover.
ESTELA
