It seems the dems always want to blame Bush! Obama has had 4 years. It is time he is held accountable.<quoted text> Ex- President bush jr. Is the one you should be blaming for the budget deficits in the trillions he inheredited obama with. BUSH ruined the budget surplus CLINTON LEFT HIM.
Borrowing leads to an increasing federal debt. It is true that the debt increased dramatically under George W. Bush. On January 1, 2001, just before President Bush took office, the federal debt stood at $5.6 trillion according to U.S. Treasury figures. When he left office on January 20, 2009, the debt stood at $10.6 trillion, an increase of almost five trillion dollars. As of June 1, 2012, the federal debt was at $15.7 trillion, an increase of $5.1 trillion. The federal debt has increased by as much under President Obama in three years as it did under Bush in eight. CNS News noted in October 2011 that President Obama had added more debt than all other presidents from George Washington to George Herbert Walker Bush.