Bogus Numbers
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The letter by Carl Sellers, “Those Numbers Don’t Add Up” (Oct. 26), is totally incorrect in fact, and, therefore, totally misleading. His numbers don’t even exist. Let’s look at his points, using data from whitehouse.gov, presumably the Office of Management and Budget:
The George W. Bush administration “inherited a trillion-dollar surplus.” False. “Surplus” is a term applied to annual budgets. The U.S. government has never, ever run a trillion-dollar surplus. The number is bogus.
Before GWB “we were a lending nation” and after GWB “we had become a borrowing nation.” I have no idea what this means. The U.S. has had a national debt since before World War II. This means we spend more than we collect and borrow the difference. Only the pace has changed, and it accelerated during the Bush administration and even more during the past three-and-a-half years of the Obama Administration. Of course, we have lent money to other countries, but that is not germane to his argument.
Mr. Sellers comes up with some increased debt of $9.7 billion, apparently due to GWB, based on totally fictitious numbers. These debt numbers are not supported even by the Obama administration’s budget submissions.
Mr. Sellers thinks these numbers are different than those from the Romney campaign. Gee, I wonder why.
I am in no way justifying the Bush administration’s fiscal policy. But, as bad as it was, it has become significantly worse under the Obama administration.
We need a change for the sake of our republic’s existence. Attempts to obscure economic realities with phony statistics is not helpful.
Philip Starr
Whispering Pines
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Comments
Middleman522 6 months, 3 weeks ago
I have noticed that most on the left have been told various loads of BS by the likes of Chris Matthews and other Hacks on the TV, so many times that they believe it all. They believe Bush came up with the idea of WMD's when every Dem on the hill ranted and raved starting with Gore in '92 about HW Bush, about these WMDs while W was Gov. of TX. Bush got us into 2 needless wars!! No, Congress held a second vote so that A Bunch of the Dems could vote yes, for the record! Bush policies caused the reccession!! No, Fannie Mae and Freddie sold a mixed bag of loans to all of the banks and stopped finances in this country and caused the downturn. Clinton caused a surplus. No! A Republican Congress made him sign a balanced budget amendment and taxe money taken in from increased commerce from Reagan tax cuts balanced the budget. AARP backed Oblaimacare! No, the owners backed it against the member's wishes because they were promised the end of Medicare-plus that put them out of the insurance business. Now they are back in business, because of that deal! I could go on but I won't!!
Thatcher 6 months, 3 weeks ago
Great letter Mr. Starr! I think I've met my twin! Cheers!
packwilleat 6 months, 3 weeks ago
We've been borrowing beyond our means since 1913.