Doing the math on Obama's deficits
Ezra Klein, Washington Post reporter,
Quote:
Doing the math on Obama's deficits
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When Obama took office, the national debt was about $10.5 trillion. Today, it’s about $15.2 trillion. Simple subtraction gets you the answer preferred by most of Obama’s opponents: $4.7 trillion.
But ask yourself: Which of Obama’s policies added $4.7 trillion to the debt? The stimulus? That was just a bit more than $800 billion. TARP? That passed under George W. Bush, and most of it has been repaid.
There is a way to tally the effects Obama has had on the deficit.
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