At a Town Hall meeting in New Hampshire on Monday, December 21st,
an audience member asked Republican Presidential candidate Governor Chris
Christie about the National Debt, claiming that Barack Obama had tripled the Debt
in his seven years in office. Governor
Christie, without attempting to correct the man’s exaggerated figure, claimed
that Obama had added to the debt more than every other President combined; in
other words, he had doubled – not tripled – the Debt, still a potent charge. But here is the truth: Presidents Reagan and
Bush I more than quadrupled the Debt, from $998 billion to $4,411 billion, President
Bush II more than doubled the Debt, from $5,807 billion to $11,910 billion. President Obama took over a Debt at $11,910
billion and the Debt stood at $18,151 billion at the end of the last fiscal
year, September 30th, 2015, an explosion of 52%, not 200%, not 100% (but he has
only been responsible for 6 years of budgets so far). And while President Bush II only had
surpluses as far as the eye could see to overcome, President Obama had a deep
recession to fight (and additional government spending is every serious economist’s
response to a recession).
Politicians
lie, even with numbers that are easily verified. But politicians don’t expect you to care enough
to hunt down the truth. So, I am happy
to do that for you.
And, by the
way, here is the SOURCE of my numbers. I wonder what the governor’s source was.
And Governor
Christie knows he told a whopper. The
alternative is: he is ignorant and he doesn’t care. Which is worse?
For what it's worth, this is
not an anti-Christie post, it is a post aimed at setting the record straight
re: taxes and the National Debt. All
Republicans have put these untrue facts out there. Democrats lie too, but Republicans – the party
of fiscal responsibility – like to emphasize the fiscal irresponsibility of
President Obama, and they don’t seem to care that it is just not true.