Because he had to raise taxes, you need to look at his record. Again, if you would, you would see that he raised taxes over and over and over again, but it wasnt enough and we also had to borrow billions to pay for how much we spent. He promised to lower taxes to stimulate the company, he did, and it didn't work, then he had to go back on that promise and raise the over and over again.
We spent so much that even raising taxes couldnt cover our deficits. Your math is correct, but your facts are not.
We spent more than we had.
Under Bush II, we spend way more, but he didnt even raise taxes, he wants to make his tax cuts permanent........lmfao
Now who is the idiot.
It's known as deficit spending the Speaker of the House explained all this on Meet the Press, not that I agree with him, but it is what happened.