What happened to the IRAQI OIL MONEY that Cheney/Bush said would pay for their adventurist war?<quoted text>Too much spending. You know the problem, Clinton, Bush and Obama excelled in it.
And NO. Not Clinton and Obama... They both were cleaning up the economic disaster of the previous (GOP) presidents.
Ron Reagan was the king of borrow and spend. Bush I did try to fix it, but Reagan's damage was too great.(Remember "Read my lips?")
George W Bush was the EMPEROR of borrow and spend. He exhausted our reserves, looted our Treasury, and spiked our ability to recover from his Great Bush Depression. Most of the money spent after he left office was to fix the damage Bush did. You cannot blame the carpenter (Obama) for the damages he repairs, from the previous tenant (Bush II.)