The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Conservative Fools


Subject:  Re: The Working Class Date:  11/14/2012  12:00 PM
Author:  DufusGoneSplat Number:  110967 of 176609

October 1, 2008 (four years a ago) was the beginning of Bush-II's last budget year. October 1, 2008 to September 30, 2009 added 1.885 trillion to the national debt. Note: Bush-II was not a Democrat.

No, it wasn't.

It was the beginning of what should have been Bush II's last budget year.

However, Congress threw out his budget proposal and did not pass even a pretense of a budget until nearly two months after Bush left office. Obama signed that bill into law.

You have a partial point. Bush-II did submit his FY 2009 budget proposal in Feb. 2008 and FY 2009 did begin in Oct. 2008 as I stated. However Bush-II signed a $630+ billion continuing resolution that funded federal agencies until March 6, 2009. Obama did sign the $410 billion Omnibus Appropriations Act of 2009.

Let me modify my closing remark to That's about $3.6 trillion of the $5 trillion you mentioned.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us