DevilsAvocado
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talk2glenn said:... I submit that this is significantly more honest, and revealing.
I don’t know about "honesty", but maybe it’s revealing that you’re presenting data from Wisconsin Republican Paul Ryan, as some form of 'objective truth'... At least my data came from Wikipedia, and AFAIK Wikipedia is not controlled by any political party.
But okay, let’s be biased and quote a small part of http://www.gpoaccess.gov/usbudget/fy11/index.html" :
[emphasis mine]
"As we look to the future, we must recognize that the era of irresponsibility in Washington must end. On the day my Administration took office, we faced an additional $7.5 trillion in national debt by the end of this decade as a result of the failure to pay for two large tax cuts, primarily for the wealthiest Americans, and a new entitlement program. We also inherited the worst recession since the Great Depression—which, even before we took any action, added an additional $3 trillion to the national debt. Our response to this recession, the Recovery Act, which has been critical to restoring economic growth, will add an additional $1 trillion to the debt—only 10 percent of these costs. In total, the surpluses we enjoyed at the start of the last decade have disappeared; instead, we are $12 trillion deeper in debt. In the long term, we cannot have sustainable and durable economic growth without getting our fiscal house in order."
"As we look to the future, we must recognize that the era of irresponsibility in Washington must end. On the day my Administration took office, we faced an additional $7.5 trillion in national debt by the end of this decade as a result of the failure to pay for two large tax cuts, primarily for the wealthiest Americans, and a new entitlement program. We also inherited the worst recession since the Great Depression—which, even before we took any action, added an additional $3 trillion to the national debt. Our response to this recession, the Recovery Act, which has been critical to restoring economic growth, will add an additional $1 trillion to the debt—only 10 percent of these costs. In total, the surpluses we enjoyed at the start of the last decade have disappeared; instead, we are $12 trillion deeper in debt. In the long term, we cannot have sustainable and durable economic growth without getting our fiscal house in order."
Barack Obama -- The White House, February 1, 2010.
PS: The Congress writes the budget, huh??

PS2: I think Paul Ryan missed one label on the graph; "2008 – George W. Bush is one or two pennies from ruin the world economy."
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