The David Pakman Show – Obama’s $5 Trillion Debt Increase Debunked (VIDEO)

Author: January 23, 2013 9:27 am

The David Pakman Show: Obama did NOT create $5 trillion in debt.

Less than 24 hours after President Barack Obama’s inauguration, the Republicans are back to spreading the same old lies. This time, they’re insisting that Obama caused $5 trillion in debt increases. Simple math shows that this is not true: When you subtract $1.6 trillion for George W. Bush’s wars in Iraq and Afghanistan, $1.4 trillion in interest payments for outstanding debt dating from the Bush administration, and $1.6 trillion in lost revenue from Bush’s tax cuts, the number dwindles to $400 billion in debt authorized by congress, as well as the president. Furthermore, much of government spending was caused by Bush’s recession, during which more people were forced to apply for food stamps and other public assistance.



// ]]>

Here’s the video:

 


tdps512-blackIf you liked this clip of The David Pakman Show, please do us a big favor and share it with your friends… and hit that “like” button! To learn more about David Pakman please visit his website at: http://www.davidpakman.com
Help us get the word out!
Share on Google+Share on StumbleUponShare on RedditPin on PinterestShare on LinkedInShare on TumblrEmail this to someone

facebook comments:

Leave a Reply

You must be logged in to post a comment.

x
Click "Like" to get the latest updates