https://hotair.com/headlines/archives/2013/01/15/obama-owns-the-debt-now/feed/HotAir is the leading conservative blog for breaking news and commentary covering the Biden administration, politics, media, culture, and current elections.en-usTue, 09 Jun 2026 07:05:16 -0400<![CDATA[Well, things did start to go south under Bush. But look at that graph more closely. In 2003, when we invaded Iraq (one of those &#8220;two wars on the credit card&#8221; that Obama likes to blame for the debt), and when we passed the Bush tax cuts (the other thing Obama likes to blame for the debt) revenue actually started to climb. The revenue and spending lines start to converge, and, as they head up to 2006 it actually looks as if the two might cross, with revenue outpacing spending. &#8230;]]>Tue, 15 Jan 2013 09:40:57 -0500<![CDATA[Erika Johnsen]]>https://hotair.com/headlines/2013/01/15/obama-owns-the-debt-now-n99234