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Title: The Budget Deficit, The Real Story
Source: [None]
URL Source: http://thedmichaelwallerreport.blog ... budget-deficit-real-story.html
Published: Aug 9, 2010
Author: thedmichaelwallerreport
Post Date: 2010-08-09 13:06:18 by no gnu taxes
Keywords: None
Views: 24697
Comments: 46

The Washington Post babbled again today about Obama inheriting a huge deficit from Bush.

Amazingly enough, a lot of people swallow this nonsense (AKA Horseshit). So once more, a short civics lesson is in order.

Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democratic Party. They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 2011. In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases. For FY 2009, though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period:

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. If Obama inherited anything, he inherited it from himself.

In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.

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Begin Trace Mode for Comment # 14.

#14. To: no gnu taxes (#0) (Edited)

I really dislike these GOP sycophants even worse than the brain dead leftists in the Democrat party.

I started voting in 1980. I waited 20 years for the GOP to run it all -- Presidency, House, and Senate. We got there in Jan, 2001.

What did they do?

They created the first new entitlement since LBJ (Medicare prescription drugs); largest federal intrusion into the classroom in history (No Child Left Behind); largest pork barrel project ever (2002 highway bill); waste, fraud and abuse at record levels (according to the Heritage Foundation); a $1 trillion war with a country that never attacked us and wasn't a threat to us; the incompetent TSA; totalitarian legislation like the Patriot Act, on and on and on...

They turned a balance budget into huge deficits, collapsed the economy, and ended by handing out $700 billion to Wall Street financial firms who promptly used it to lavish bonuses on failed executives.

That's what happens when the GOP runs it all.

No thanks.

Sure Obama is worse. He's a Democrat. Of course he's worse. But that doesn't mean the GOP is good. And it certainly doesn't excuse the GOP from their responsibility no matter how hard you twist yourself into the wind.

jwpegler  posted on  2010-08-09   15:24:43 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 14.

#16. To: jwpegler (#14)

They created the first new entitlement since LBJ (Medicare prescription drugs); largest federal intrusion into the classroom in history (No Child Left Behind); largest pork barrel project ever (2002 highway bill); waste, fraud and abuse at record levels (according to the Heritage Foundation); a $1 trillion war with a country that never attacked us and wasn't a threat to us; the incompetent TSA; totalitarian legislation like the Patriot Act, on and on and on...

They turned a balance budget into huge deficits, collapsed the economy, and ended by handing out $700 billion to Wall Street financial firms who promptly used it to lavish bonuses on failed executives.

That's what happens when the GOP runs it all.

Just give them another chance, it will be different "this time".

go65  posted on  2010-08-09 15:46:46 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 14.

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