That’s the title of a nice post recently from Jon Gabriel at FreedomWorks.
America’s fiscal crisis is not that our debt ceiling was too low, the fiscal crisis is that our debt is too high. When I mentioned this to left-leaning folks, they seemed indifferent…So I made this infographic…
ADDENDUM: Gabriel notes one leftie talking point that’s been making the rounds, “Obama lowered the deficit.” Umm, not really!
First, President Obama’s annual deficits are still larger than President Bush’s were. (Count the FY2009 deficit as Obama’s because his signature is on that budget, not Bush’s. In 2008, the Democrat Congress deliberately held back the FY2009 budget from Bush’s signature, so that Obama could sign it in early 2009 with lots of so-called “stimulus” spending added. Not fair to make Bush responsible for that. Also, even aside from that, Obama’s average deficit is still vastly larger than Bush’s average.)
Second: actually, the Tea Party lowered the deficit. In 2011-13, they have dragged Obama reluctantly into the sequester budget cuts – which Democrats officially haaaaaaaate, remember? Don’t mix up your talking points, lefties! 🙂