The Freshman in question is Republican Rep. Mo Brooks (AL) who has an economics degree. Doesn’t that scare you? Still, his goal is (and the GOP’s game plan) is to pin the entire debt on Obama. The reality is that Bush caused it.
At the start of his term, Bush inherited a $230 billion surplus. At the end, he had added more than $4 trillion to the national debt, “the biggest increase under any president” at that time. In June of 2008, the costs of the Iraq and Afghanistan wars alone hit $850 billion, or more than $1.5 trillion when veterans’ benefits and other indirect costs are included.
What’s more, 130 Republicans voted to raise the debt ceiling to allow for Bush’s spending spree. And as the economic degree-heavy Center for Budget and Policy Priorities notes, it is Bush’s policies that “explain virtually the entire federal budget deficit over the next ten years.”
via Republican Freshman Blames Obama For Debt From Iraq War | ThinkProgress.