Cross Posted at Legal Schnauzer
The No. 1 Republican talking point these days seems to be this: Profligate spending by President Barack Obama is the reason we face a debt-ceiling crisis.
Any rational, reasonably well informed citizen should know that is not true. But prominent GOPers still chant it like a mantra. God only knows how many otherwise sane Americans are starting to believe it.
That's why a chart in Monday's New York Times should be sent to every household in the US of A. It shows, in clear, indisputable numbers, that policy decisions by Republican president George W. Bush led to spending that dwarfs financial outlays under Obama. (See the chart at the end of this post.)
In fact, the cost of just the Bush tax cuts ($1.8 trillion) exceeds the costs of all spending under Obama ($1.4 trillion).
The final tally--$5.07 trillion of spending under Bush, $1.44 trillion under Obama. By the way, those figures for Obama are projections from 2009 to 2017. In other words, both presidents are being judged in eight-year time frames. And Bush "wins" the spending contest in a runaway.
If my math is correct, spending under Bush was more than three times greater than that under Obama. Yet we still get bilge like this from the blog of U.S. House Majority Leader Eric Cantor (R-VA): "President Obama Refuses To Acknowledge That His Out Of Control Spending Sparked A Debt Crisis."