More Non-Inherited Deficit Trouble

Remember our recent debunking of the notion that Barack Obama inherited such a terrible economy from George W. Bush?  Well, the economic disaster that Obama did not inherit is only getting worse:

More Hope & Change–
Team Obama was off on their October budget predictions by nearly $20 billion.
The deficit for the first month of the 2010 fiscal year reached $176 billion.
(It must be Bush's fault, right?)
The Wall Street Journal reported:

The federal government kicked off fiscal year 2010 by posting its widest-ever October budget deficit, the Treasury Department said Thursday.

The $176.36 billion gap is more than $20 billion wider than the shortfall recorded in October 2008, driven up by lower tax receipts, stimulus-related revenue reductions and consistently high government outlays.

…The October deficit figure is wider than the Congressional Budget Office's estimate for a $175 billion deficit in the month and wider than the $165.9 billion expected by analysts surveyed by Dow Jones Newswires.

President George Bush never did this.

Obama tripled the national deficit his first year in office and he's off to a record-setting start in fiscal year 2010.

Despite the wars in Iraq and Afghanistan, Hurricane Katrina, the Clinton Recession he inherited, and the 9-11 attacks, President Bush brought down the national budget deficit from 412 billion dollars in 2004 to 162 billion dollars in 2007.

What's the difference between the two?  Bush cut taxes to actually stimulate real economic growth, and Obama is raising both taxing and spending that is retarding economic growth.

They aren't learning because they don't want to.

There's my two cents.