After the latest debt ceiling debacle we just experienced, I had a couple of questions and wasn’t quite sure which forum would be best to ask them in.
It is a fact that the deficits have been falling over the past couple years, mainly because they were at record highs to begin with. It is a fact that we have added on about $6 trillion in debt since Obama took over the presidency.
What gets me is, who gets credit/blame for all this? Liberals/Obama wants to take credit for the shrinking deficits but seem to want to pass the buck on the debt to Bush and the Republicans. If all spending bills originate in the House, is the President off the hook for both the shrinking deficits AND the exploding debt? Can you have it both ways?
Liberals also like to proudly point to Clinton and his surplus although if I’m not mistaken it was a Republican House the majority of the time he was in office. So if conservatives point to the Republican House during Clinton for the surplus, don’t they have to point the finger to the Republican House for current exploding debt? Or did the debt only explode when the Dems were in the house?
Can anyone shed some light on this and help me sort it out? Thanks!