It should go without saying that the Cato Institute is not a liberal organization. They’re one of those groups that truly lies outside of parties and has no political axe to grind. As such, when they put up an article saying “Don’t Blame Obama for Bush’s 2009 Deficit”, people should damn well listen. The breakdown comes in the form of realizing that the Bush years didn’t end when he left office from a fiscal perspective. Thus, we get the following two charts:
And…
But remember how I said there was something important to remember? It’s this:
It should go without saying that this post is not an argument for Obama’s fiscal policy. The current President promised change, but he is continuing the wasteful and profligate policies of his big-spending predecessor. That is where critics should be focusing their attention.
That is the key. Obama hasn’t caused the deficits, he hasn’t crushed the economy, but he certainly isn’t doing nearly enough to turn things back around.
