Quote:
Originally Posted by dellinger63
Now I ask how much of the current $3.7 trillion Obama budget is interest payments on Bush's war and tax cuts? Judging by the budget increase it should in the range of $600-$700 billion and sadly it's not.
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FYI
In 2009 Bush's last year and (his biggest budget)
$260 billion was paid out to interest of a $3.107 trillion budget. Or
8.5% of total budget.
Obama's 2012 budget $3.7 trillion calls for
6.3% of total budget or
$233 billion to be dedicated to interest.
So while Obama's budget exceeds Bush's by $600 billion it pays $27 billion less in interest? Coupled with what Obama did in 2010 and 2011 we're talking trillions of new dollars in debt.
Bush 2009 budget
http://en.wikipedia.org/wiki/2009_Un...federal_budget
Obama 2012 budget
http://www.whitehouse.gov/omb/budget