A Quote by Tim Pawlenty
When President Bush left office, the deficit was approximately $500 billion. It is now approximately now $1.5 trillion. In other words, President Obama has essentially tripled the deficit.
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President Bush, yes, spent money like a drunken sailor, and left the nation with a record $400-billion deficit. President Obama, however, is spending far more money than Bush, with a record $1.8 trillion deficit projected for his first year.
When my husband was president, we went from a $300 billion deficit to a $200 billion surplus and we were actually on the path to eliminating the national debt. When President Obama came into office, he inherited the worst economic disaster since the Great Depression. He has cut the deficit by two-thirds.
President Obama inherited a one trillion dollar deficit courtesy of George Bush and turned it into a three trillion dollar deficit courtesy of Karl Marx!
When this president was sworn into office, he was handed a deficit of over a trillion dollars. Republicans were in control of Congress for much of the time that President George W. Bush was in office, and they didn't do a great job of controlling spending.
When George Bush came into office, we had surpluses. And now we have half-a-trillion-dollar deficit annually. When George Bush came into office, our national debt was around $5 trillion. It's now over $10 trillion. We've almost doubled it.
Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as 'deficits as far as the eye can see.' But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?
Democrats were quick to point out that President Bush's budget creates a 1 trillion dollar deficit. The White House quickly responded with 'Hey, look over there, it's Saddam Hussein.'
The number one priority now is reducing the deficit that they [Labour] left us - the biggest deficit since the Second World War.
I do have to say when we read certain words being used to describe President Trump - it's never been done. It wasn't done about President Obama. It wasn't done about either President Bush, President Clinton, because people have a certain respect for and recognition of the dignity for the office of the president. And so I am beseeching everybody to cool it down a little bit.
It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.
Under President Obama, we have spent more money - he has spent more money than any other president in this history, actually, the combined total from Washington up to George W. Bush. President Obama has racked up more spending, $1 trillion deficits. And it's time that he join us in this effort to get our fiscal house in order.
Right now we have a $600-billion or so Defense Department budget, but when you add in, for example, a trillion-dollar nuclear weapons program over the next decade or two, it adds significantly to it. So it's somewhere around $600 billion. We call for approximately cutting that in half and instead putting those dollars into true security here at home.
Back in 2008, candidate Obama called a $10 trillion national debt 'unpatriotic' - serious talk from what looked to be a serious reformer. Yet by his own decisions, President Obama has added more debt than any other president before him, and more than all the troubled governments of Europe combined. One president, one term, $5 trillion in new debt.
The Obama administration has embraced the policies of George W. Bush, and then gone much further. Wall Street bailouts went ballistic under Obama - $700 billion under Bush, but $4.5 trillion under Obama, plus another $16 trillion in zero-interest loans for Wall Street.
President John F. Kennedy died at approximately 1:00 CST today, here in Dallas. He died of a gunshot wound to the brain. I have no other details regarding the assassination of the president.
We are worried about the size of the deficit, which is why the president is pleased that the House and Senate have followed his lead in cutting the deficit in half over the next five years.
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