October 3, 2012 Presidential debate videos embedded in seven parts @
H/t to Pistol Pete for the link. The CSB graphics used here are already up at Webshots. I’m just reusing them.
TRUTH: During the first 3 minutes of Part Two, Romney says,
“The president said he’d cut the deficit in half. Unfortunately, he doubled it. Trillion dollar deficits for the past four years. The president has put in almost as much debt held by the public as all prior presidents combined.”
LIE: Shortly after, at about 2:30, Obama says,
“When I walked into the Oval Office, I had more than a trillion dollar deficit greeting me.”
When Obama walked into the Oval Office, the 2009 budget that greeted him had been signed in 2008 by President Bush. But it had been passed by a Democrat-majority Congress, of which Senator Obama was a part. That budget contained a projected deficit of about $500 Billion.
The total deficit for 2009 rose to the “more than a trillion dollar” ONLY AFTER the Democrat-majority Congress and PRESIDENT BARACK OBAMA passed the 2009 stimulus spending bill, an act that ADDED more than $800 Billion to that year’s deficit.
Obama also says, “We know where it came from”, and couches all the blame in such a way that Democrats are totally blameless … which is a lie. As you can see in the graph above, under the Republican-majority Congress, the deficits were coming DOWN. It was only after Democrats won control of the House and Senate, under Pelosi and Reid (with Obama in the Senate), that federal “credit card” spending sky-rocketed.