Cooking the books
Ezra Klein ponders how much of the $4.7 billion increase in US debt can actually be attributed to Obama, rather than say on ongoing policies from the Bush era. (i.e.Let’s blame Bush for Obama’s deficit instead.)
The entire concept is a misnomer of course because Bush inherited laws from Clinton who inherited laws from Bush Snr etc. etc…
Aside from that is this little gem.
When Obama entered office, the Bush tax cuts were already in place and two wars were ongoing. Is it fair to blame Obama for war costs four months after he was inaugurated…?
Yes, it is actually. Obama was inaugruated on the 20th of January, 2009.
And here’s a CNN news item dated February 17th, 2009 – not even a full month later.
President Barack Obama has approved a significant troop increase for Afghanistan, Pentagon officials said Tuesday.
Ezra should quit playing tricksies. When Obama entered office, the debt was $10.5 trillion. Now it’s jumped around 50% in just three short years and stands at $15.2 trillion.
And Obama had a Democrat Congress on his side for two years after being elected! So no blaming the Rublicans/Bush there, either.
Maybe Ezra should blame Tony Abbott… 😛
Via reader JM Heinrichs, Keith Hennessey responds to Klein’s gobbldygook flow chart and frankly, blows it out of the water.