I figured I would post this, lest we all forgot how much Bush the younger had us all bent over WAY prior to the Fall 2008 collapse:
Obama Bans Gimmicks, and Deficit Will Rise
By JACKIE CALMES
Published: February 19, 2009
WASHINGTON — For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projections look smaller. The price of more honest bookkeeping: A budget that is $2.7 trillion deeper in the red over the next decade than it would otherwise appear, according to administration officials.
Thank you, Fark.com Politics tab.
So the next time you hear someone complain about how Obama is the one to put us in debt, point this little salient fact out to them: Bush was running our books more cooked than Enron.
And that default and downgrade were cheered by the Tea Party Republicans- who knew about this book cooking for years. Because if you don't send people who can't balance their own budget, won't pay child support, and make Enron look good to Washington to get the country back into fiscal health, who WOULD you send?