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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: 24692
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 # 28.

#1. To: no gnu taxes (#0)

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets.

The budget has been in deficit since boy george moved into the oval office.

Cut taxes, grow our way out of debt economic theory proved false.

lucysmom  posted on  2010-08-09   13:18:06 ET  Reply   Untrace   Trace   Private Reply  


#2. To: lucysmom (#1)

The budget has been in deficit since President Bush

The deficits started with Clinton's exiting recession.

no gnu taxes  posted on  2010-08-09   13:21:19 ET  Reply   Untrace   Trace   Private Reply  


#6. To: no gnu taxes (#2) (Edited)

The deficits started with Clinton's exiting recession.

Recession started in March 2001. Clinton was out of office. So, according to you and the other Mouth Breathers, Boy Blunder owned it.

That said, the 2001 budget, Clinton's last, was in surplus.

war  posted on  2010-08-09   13:46:36 ET  Reply   Untrace   Trace   Private Reply  


#19. To: war (#6)

hat said, the 2001 budget, Clinton's last, was in surplus.

Lies. Surplus only because Clinton was taking into the general fund the excess money that was coming into SSI.

Fucking lies from the biggest liar on Liberty's Flame.

Nebuchadnezzar  posted on  2010-08-09   19:32:50 ET  Reply   Untrace   Trace   Private Reply  


#21. To: Nebuchadnezzar (#19) (Edited)

Nope. Someone else who posts here occasionally uses that same lie all of the time, too.

It was in surplus without off budget revenues in 2001.

war  posted on  2010-08-09   19:50:32 ET  Reply   Untrace   Trace   Private Reply  


#28. To: war (#21)

It was in surplus without off budget revenues in 2001.

So the 2001 budget....Clinton gets credit for that crap?

How much of a surplus was it?

And what of the other "clinton budgets"?

Nebuchadnezzar  posted on  2010-08-09   20:20:30 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 28.

#33. To: Nebuchadnezzar (#28)

So the 2001 budget....Clinton gets credit for that crap?

Why wouldn't he?

war  posted on  2010-08-10 08:32:37 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 28.

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