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Response to AncientGeezer (Reply #3)

Wed Aug 14, 2019, 09:15 PM

24. Oh really?

The debt burdens Obama inherited were non-dischargeable obligations left to him by W's administration. They were on our national "books" or "baked in the cake" as they say because of (among other things) the Bush tax cut, the war in Afghanistan, and the war in Iraq. A small amount of the earlier deficits were due to the bailouts which were eventually repaid with interest. In short, the Bush debt obligations were assumed by the Obama administration and that debt was in the process of being mitigated throughout Obama's term. The deficit and debt increased by decreasing amounts under Obama, which means they were on-track to being "paid off" in common parlance. I know this because I pay attention, I understand such things, and I was there. Where were you?

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Yavin4 Aug 14 OP
enid602 Aug 14 #1
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TwilightZone Aug 14 #11
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LineLineReply Oh really?
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