Fox blames Obama for 2005 law passed by Republican House, Republican Senate, and signed by Bush

Obamanomics: Americans Too Broke To Go Bankrupt – Finance – Fox Nation

“It becomes harder and harder to pay off the debt as interest payments get higher, so your debt grows larger and larger,” she said.

The cost of filing for bankruptcy has risen in recent years as a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which aimed to reduce the number of bankruptcies taking place by adding more requirements to the filing process — including additional paperwork and the credit counseling and debtor education.

Our Corporate Media

Way back in the day (pre-1996) the argument was that by de-regulating the media, we’d get more diversity, better coverage, and be a more informed citizenry. 

It hasn’t played out like that, at all.

Of course, we heard the same thing about the financial industry later…from the media…and that ended badly as well. 

The Real Reason They Still Play ‘Mrs. Robinson’ On The Radio

What “out of control spending” looks like without the partisan slant….

Of the administrations shown, overall growth in Mr. Obama’s first three years has been the slowest. But that is largely because government spending did not accelerate as it normally does when the private sector is weak. The private sector grew faster in the first three years of the Obama administration than it did in three of the previous five administrations — the exception being Bill Clinton’s administrations, when private sector growth was more rapid. In both of George W. Bush’s terms as well as in the first three years of the George H. W. Bush administration, though, the private sector grew more slowly.

Much of the variation in government spending trends can be attributed to military spending. Adjusted for inflation, it has grown at a slow pace under President Obama despite declines in the costs of the Iraq and Afghanistan wars. Nonmilitary spending has risen at about the same pace as it did during George W. Bush’s second administration, and much more slowly than during his first.

I make this point again and again to right wingers who claim to hate Obama because of his proclivity for spending….he’s the only President during my lifetime to see a year to year real dollar reduction in spending.

Unfortunately, these folks then come up with other reasons to hate Obama…most of which have the same kind of “evidence” supporting them.

Government Is Getting Smaller in the U.S. – Off the Charts –