Well, you did good there-for a MINUTE DUHMMY.posting this again.
All you right whiners want a surplus & fiscal responsibility.
We had it!!!!!
We were on track to have a 5.6 trillion dollar SURPLUS in 2012.
Then Bush took office in 2001.
In June 2012, CBO summarized the cause of change between its January 2001 estimate of a $5.6 trillion cumulative surplus between 2002 and 2011 and the actual $6.1 trillion cumulative deficit that occurred, an unfavorable "turnaround" or debt increase of $11.7 trillion. Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher. Of this total, the CBO attributes 72% to legislated tax cuts and spending increases and 27% to economic and technical factors. Of the latter, 56% occurred from 2009 to 2011.
The difference between the projected and actual debt in 2011 can be largely attributed to:
$3.5 trillion – Economic changes (including lower than expected tax revenues and higher safety net spending due to recession)
$1.6 trillion – Bush Tax Cuts (EGTRRA and JGTRRA), primarily tax cuts but also some smaller spending increases
$1.5 trillion - Increased non-defense discretionary spending
$1.4 trillion – Wars in Afghanistan and Iraq
$1.4 trillion - Incremental interest due to higher debt balances
$0.9 trillion - Obama stimulus and tax cuts (ARRA and Tax Act of 2010)
The U.S. budget situation has deteriorated significantly since 2001, when the CBO forecast average annual surpluses of approximately $850 billion from 2009–2012. The average deficit forecast in each of those years as of June 2009 was approximately $1,215 billion. The New York Times analyzed this roughly $2 trillion "swing", separating the causes into four major categories along with their share:
Recessions or the business cycle (37%);
Policies enacted by President Bush (33%);
Policies enacted by President Bush and supported or extended by President Obama (20%); and
New policies from President Obama (10%).
Several other articles and experts explained the causes of change in the debt position.
So there Tea Party members. We had what you wanted.
Look who took us off that path.
Paul Ryan, voting yes yes yes.
Republicans did this.
Figured out the Saddam the catalyst thing there yet? And where did Saddam live?
Try not to overload the space between yer ears with TOO much data FACTS.
WTH we doing (bombing) in Libya?? Hillary sayz-we will not retreat, on issues involving "american interests and values" Hmmm.
KEYSTONE-YES we can have American energy independence, w/