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Sunday, September 30, 2012

For Obama 10% of the buck stops here « The Greenroom

For Obama 10% of the buck stops here « The Greenroom: "It’s a refreshing change to see the president accept any blame for the mess the next president will inherit from him in less than six weeks. Nevertheless, his remarks demonstrate that he is either lousy at math, a terrible liar, or both.

Consider: The national debt has risen $5 trillion under Obama’s stewardship. For him to claim responsibility for only 10% of that historical increase, he would have needed to add no more than $500 billion in new spending. Yet he crossed that threshold and then some in his first full month in office with the passage of his $800 billion-plus stimulus package.

A month later he passed a $410 billion omnibus spending package that even MSNBC described as including “8,000 pet projects” and “billions in earmarks like those he promised to curb in last year’s campaign.” That brings his cut of the new debt up to $1.2 billion, or 24%."

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