THE DEFICIT HAS BALLOONED BECAUSE OF THE RECESSION–NOT BECAUSE OF GOVERNMENT SPENDING!
The deficit has ballooned not because of specific spending measures, but because of the recession. The deficit more than doubled between 2008 and 2009, as the economy was in free fall, since laid-off workers paid less in taxes and needed more benefits. The deficit then shrank in 2010 and 2011.
THE STIMULUS COST MUCH LESS THAN BUSH’S WARS AND TAX CUTS
Republicans frequently have blamed the $787 billion stimulus for the national debt, but, when all government spending is taken into account, the stimulus frankly wasn’t that big. In contrast, the U.S. will have spent nearly $4 trillion on wars in the Middle East by the time those conflicts end, according to a recent report by Brown University.The Bush tax cuts have cost nearly $1.3 trillion over ten years.
THE DEFICIT GREW UNDER GEORGE W. BUSH
When George W. Bush took office, the federal government was running a surplus of $86 billion. When he left, that had turned into a $642 billion deficit.
THE DEFICIT IS SHRINKING
HEALTH CARE REFORM REDUCES THE DEFICIT
WE SPEND WAY TOO MUCH ON DEFENSE