3. Blamed Most of His Budget Deficit on George Bush
In 2012, the former President, in an interview on Sixty Minutes, claimed the nation’s spiraling deficit spending was, in large part, the fault of George Bush.
Over the last four years, the deficit has gone up, but 90 percent of that is as a consequence of two wars that weren’t paid for, as a consequence of tax cuts that weren’t paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression. Now we took some emergency actions, but that accounts for about 10 percent of this increase in the deficit, and we have actually seen the federal government grow at a slower pace than at any time since Dwight Eisenhower, in fact, substantially lower than the federal government grew under either Ronald Reagan or George Bush.
The Washington Post, not exactly known for its conservative bias, gave the statement a whopping four Pinocchios, the highest rating they can give a lie, saying:
Obama certainly inherited an economic mess, and that accounts for a large part of the deficit. He certainly could argue that these were necessary and important steps to take, but he can’t blithely suggest that 90 percent of the current deficit “is as a consequence” of his predecessor’s policies — and not his own.