.. On net, President Obama’s policies have added far less to the deficit than commonly believed, and much of that stemmed from extending the Bush tax cuts for two years past their original expiration date in 2010. Even after they were finally allowed to expire at the end of 2012, Mr. Obama allowed many of them to stay in place permanently, reducing revenues and raising the deficit.
Those who care about where the deficits came from need to look at the legacy of the Bush tax cuts, which are far more to blame than anything President Obama has done, as I have previously documented. A common trick in Republican budget analyses is to pretend that Mr. Obama is responsible for all of Mr. Bush’s policies. …BruceBartlett,NYT
Just as ironic (and maddening) is that Bush was squandering a surplus left by another Democratic president, Bill Clinton.
Imagine how much more would be common knowledge if not for Rupert Murdoch and the Heritage group.