Some food for thought:
Pres. BUSH(after he inherited surplus from predecessor pres. Clinton):
Rxcerpts„
”In February 2001, Republičan President George W. Bush stated:
Many of you have talked about the need to pay down our national debt. I listened, and I agree. We owe it to our children and grandchildren to act now, and I hope you will join me to pay down $2 trillion in debt during the next 10 years. At the end of those 10 years, we will have paid down all the debt that is available to retire. That is more debt, repaid more quickly than has ever been repaid by any nation at any time in history.[111]
* From the time that Congress enacted Bush's first major economic proposal (June 2001[112]) until the time that he left office (January 2009), the national debt rose from 55% of GDP to 76%, or an average of 2.8 percentage points per year.[113]
* During eight years in office, President Bush vetoed 12 bills, four of which were overridden by Congress and thus enacted without his approval.[114] These bills were projected by the Congressional Budget Office to increase the deficit by $26 billion during 2008-2022.[115]
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Pres. OBAMA (after he inherited the worst financial crises and economy collapse since the great depression in 1930’s):
* In February 2009, Democratic President Barack Obama stated:
I refuse to leave our children with a debt that they cannot repay. And that means taking responsibility right now, in this administration, for getting our spending under control.[116]
* From the time that Congress enacted Obama's first major economic proposal (February 2009[117]) until September 27, 2012, the national debt rose from 77% of GDP to 102%, or an average of 7.0 percentage points per year.[118]
* As of October 29, 2012, President Obama has vetoed two bills, none of which have been overridden by Congress and thus enacted without his approval.[119]„
http://www.justfacts.com/nationaldebt.asp
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