December 22, 2014

Scott Walker Says Debt Projected to Double Under Obama

November 12, 2013
Milwaukee Journal Sentinel

Excerpt

Joshua Gordon, policy director at the centrist Concord Coalition, which advocates for fiscal responsibility, argued that a better starting point is the end of fiscal 2009 -- a year later than what Walker uses -- since Obama would have been in office for nearly nine months at that point. He also argued against examining total debt, saying that since it includes borrowing from Social Security, it "doesn't really have any economic significance." Gordon cited figures from the nonpartisan Congressional Budget Office for debt held by the public. They show that that portion of the total debt was $7.54 trillion at the end of fiscal 2009, but isn’t projected to double until fiscal 2019, after Obama leaves office