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the primary villain in the election of 2012. caution, you are about to enter the no spin zone the factor begins right now. captions by closed captioning services built o. o reilly thanks for watching us tonight. president obama spending our money that is the subject of this evening s talking points memo. with a number of european countries on the verge of bankruptcy damaging the bankruptcy. attention shifting to the u.s. bankruptcy could be looming here as well. please listen closely to these statistics. in the year 2007, during the bush administration, federal deficit spending was $161 billion. despite the iraq and afghan wars. four years later, four years, under president obama, the deficit spending $1.3 trillion. 8 times as much. now, to be fair, the economy collapsed on bush s watch and both republicans and democrats committed almost a trillion dollars to prop up the economy. as we all know the stimulus spending did not work very well. but the obama administration has not

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