Economy

Don't Let Them Lie to You About the Deficit

FACT: the Republicans are responsible for the deficit. Proof:

Boehner and Cantor, along with Senate Majority Leader Mitch McConnell (R-KY) and House Budget Chairman Paul Ryan (R-WI) have all voted for some of the biggest contributors to the debt — the wars in Afghanistan and Iraq, the Bush tax cuts, and President Bush’s Medicare prescription drug plan — which helped to double the debt over the past decade

The chart:



Businessweek adds
:

Together, a Bloomberg News analysis shows, these initiatives added $3.4 trillion to the nation’s accumulated debt and to its current annual budget deficit of $1.5 trillion. [...]

“There’s plenty of blame to go around,” for the debt, said Robert Bixby, executive director of the Concord Coalition, an Arlington, Virginia-based group that advocates for balanced budgets. “If there had been no Barack Obama, we would still be bumping up against the debt limit.’”

Anyone who says this is "Obama's spending" and "Obama's debt" is lying. Plain and simple. They're lying to you.