Wednesday, February 1, 2012

Compare Bush V. Obama Deficit Impact

Adding to the deficit: Bush vs. Obama

Since President Obama became chief executive, the national debt has risen almost $5 trillion. But how much of that was because of policies passed by Obama, and how much was caused by the ļ¬nancial crisis, the continuation of past policies and other effects? For this analysis, we worked with the Center on Budget and Policy Priorities to attach a price tag to the legislation passed by Obama and his predecessor. George W. Bush’s major policies increased the debt by more than $5 trillion during his presidency. Obama has increased the debt by less than $1 trillion. Read related article.

Source: Center on Budget and Policy Priorities. Todd Lindeman and Ezra Klein/The Wahsington Post. Published on January 31, 2012, 8:16 p.m.

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