“The temporary increase in the national debt ceiling approved this month — combined with the prospect of a huge trillion-dollar-plus increase early next year — has once again prompted criticisms of President Obama for runaway spending and record deficits.”
“All this borrowing is only necessary, we are told, because Obama ran up $1.4 trillion of debt in his first year.”
“It’s true that the White House is pushing big spending items, not least of which is his multitrillion-dollar scheme for government-run health care. But many critics, either out of ignorance or malice, are blaming Obama for deficits that are not his fault.”
Daniel J. Mitchell of The Cato Institute aportions the blame @ http://www.cato.org/pub_display.php?pub_id=11094
Some Republicans, for instance, complain that Obama tripled the budget deficit in his first year. This assertion is understandable,