111th Congress added more debt than first 100 Congresses COMBINED

[(R)IGHTeous 1]

How bout it lefty sheep?

Instead of deflecting, lying, slandering, revising, etc, how bout yall actually try to refute the objective, factual points in my last post?

That silly "off the book" BS aint winning yall nothin Lord knows how much socialist pork I could find if I did that same search with Barry Hussein. I highly doubt yall want me to go down that road.

-Crickets-

 

[(R)IGHTeous 1]

Fiscal year 2009 is PRESIDENT BUSH'S, not Obama's....The fiscal year 2009 began Oct1 2008, under President Bush and it is attributed to President Bush's presidency....this includes the 2008 Bail outs added, and the TARP added...

President Bush's 2 terms added nearly $6 trillion to the National Debt, for his 8 years....not 4 trillion but +/- $6 trillion....

Proof.

 

[Care4all]

Fiscal year 2009 is PRESIDENT BUSH'S, not Obama's....The fiscal year 2009 began Oct1 2008, under President Bush and it is attributed to President Bush's presidency....this includes the 2008 Bail outs added, and the TARP added...

President Bush's 2 terms added nearly $6 trillion to the National Debt, for his 8 years....not 4 trillion but +/- $6 trillion....

Proof.

It's just a FACT dear! President Bush was president for 8 years...his first fiscal budget was for fiscal year 2002.....

FISCAL
BUDGET
2002 FIRST 4 YEARS
2003
2004
2005
-------------
2006 LAST 4 YEARS
2007
2008
2009

Obama's first Fiscal Budget began October 1 2009 for fiscal year 2010.


President Clinton's last budget attributed to him was fiscal year 2001, beginning october 1 2000, ending september 30, 2001.

 

[kiwiman127]

October 1, 2001-The first day of GWB's first fiscal budget year the National Debt is 5,806,151,389,190.21September 30, 1009-The last day of GWB's last fiscal budget year the National Debt is
11,909,829,003,511.75Government - Debt to the Penny (Daily History Search Application)

AND:

Definition: Fiscal Year is a term that is used to differentiate a budget or financial year from the calendar year. It is commonly abbreviated as FY.

The Federal Fiscal Year runs from October 1 of the prior year through September 30 of the next year. For example:

•FY 2010 runs from October 2009 through September 2010.
•FY 2011 is from October 2010 through September 2011.
•FY 2012 is from October 2011 through September 2012.
Fiscal Year - Define Federal Fiscal Year - What Is the Calendar for the Fiscal Year

 

[(R)IGHTeous 1]

Fiscal year 2009 is PRESIDENT BUSH'S, not Obama's....The fiscal year 2009 began Oct1 2008, under President Bush and it is attributed to President Bush's presidency....this includes the 2008 Bail outs added, and the TARP added...

President Bush's 2 terms added nearly $6 trillion to the National Debt, for his 8 years....not 4 trillion but +/- $6 trillion....

Proof.

It's just a FACT dear! President Bush was president for 8 years...his first fiscal budget was for fiscal year 2002.....

FISCAL
BUDGET
2002 FIRST 4 YEARS
2003
2004
2005
-------------
2006 LAST 4 YEARS
2007
2008
2009

Obama's first Fiscal Budget began October 1 2009 for fiscal year 2010.


President Clinton's last budget attributed to him was fiscal year 2001, beginning october 1 2000, ending september 30, 2001.

Verifiable PROOF please.

 

[(R)IGHTeous 1]

October 1, 2001-The first day of GWB's first fiscal budget year the National Debt is 5,806,151,389,190.21September 30, 1009-The last day of GWB's last fiscal budget year the National Debt is
11,909,829,003,511.75Government - Debt to the Penny (Daily History Search Application)

AND:

Definition: Fiscal Year is a term that is used to differentiate a budget or financial year from the calendar year. It is commonly abbreviated as FY.

The Federal Fiscal Year runs from October 1 of the prior year through September 30 of the next year. For example:

•FY 2010 runs from October 2009 through September 2010.
•FY 2011 is from October 2010 through September 2011.
•FY 2012 is from October 2011 through September 2012.
Fiscal Year - Define Federal Fiscal Year - What Is the Calendar for the Fiscal Year

Your 1st link don't even work.

Even if your "info" is accurate, Obama is also well positioned to dwarf GWB's debt @ record pace and level, just as he has his deficits.

 

[edthecynic]

Welcome to the pwned list, you sad, nit picking troll.

Obviously that is a list of posters who have pwned YOU!

And just to put the cherry on top, Obama"s first fiscal budget, 2010, was LESS than Bush's last fiscal budget.

The Washington Monthly

October 15, 2010
DEFICIT SHRINKS FROM LAST YEAR'S RECORD.... Deficit hawks probably won't be pleased with the total, but they should at least be pleased with the direction.

The federal government budget deficit shrank in fiscal 2010, but the big gap was only $122 billion lower than the record high set a year ago.
The U.S. spent $1.294 trillion more than it collected in the fiscal year that ended Sept. 30, the Treasury Department said Friday.
The deficit amounted to 8.9% of gross domestic product. That's down from fiscal 2009, when the deficit of $1.416 trillion was 10.0% of GDP.
Spending fell and revenues rose in fiscal 2010 as the economy recovered from the deep recession that contributed to the nation's troubled fiscal condition.
​

If this sounds familiar, it's because the Congressional Budget Office reported on its estimate of the federal budget deficit for FY2010 would just last week. Today's Treasury report is the official deficit tally, though as it turns out, the CBO projection was almost on the nose.


The $1.294 trillion shortfall is smaller than last year's total; it's slightly lower than the deficit President Obama inherited from his predecessor; and the final figure was smaller than projections made by the administration and the CBO earlier this year.


Want to have some fun? Ask your favorite Tea Partier whether the deficit they claim to care so much about is higher or lower now than when Obama took office. They won't care for the answer, but it's true.

You're still unable to refute the facts I posted, when I quoted you, calling you out.

Try that 1st, you sad, brainwashed lil sheep and MAYBE I'll give your very likely flawed, bias, excuse for a source a gander.

You posted NO facts!!!!!!!!!
Bush NEVER had a deficit under $500 BILLION yet not one of your charts shows a deficit of over $410 billion. Furthermore your charts only show Bush as president for 7 fiscal budgets 2002 to 2008 trying to pass off Bush's 2009 budget as Obama's.

You've been pwaned so badly by your own CON$ervative sources you are just tooooooooo STUPID to know it!

 

[(R)IGHTeous 1]

Obviously that is a list of posters who have pwned YOU!

And just to put the cherry on top, Obama"s first fiscal budget, 2010, was LESS than Bush's last fiscal budget.

The Washington Monthly

October 15, 2010
DEFICIT SHRINKS FROM LAST YEAR'S RECORD.... Deficit hawks probably won't be pleased with the total, but they should at least be pleased with the direction.

The federal government budget deficit shrank in fiscal 2010, but the big gap was only $122 billion lower than the record high set a year ago.
The U.S. spent $1.294 trillion more than it collected in the fiscal year that ended Sept. 30, the Treasury Department said Friday.
The deficit amounted to 8.9% of gross domestic product. That's down from fiscal 2009, when the deficit of $1.416 trillion was 10.0% of GDP.
Spending fell and revenues rose in fiscal 2010 as the economy recovered from the deep recession that contributed to the nation's troubled fiscal condition.
​

If this sounds familiar, it's because the Congressional Budget Office reported on its estimate of the federal budget deficit for FY2010 would just last week. Today's Treasury report is the official deficit tally, though as it turns out, the CBO projection was almost on the nose.


The $1.294 trillion shortfall is smaller than last year's total; it's slightly lower than the deficit President Obama inherited from his predecessor; and the final figure was smaller than projections made by the administration and the CBO earlier this year.


Want to have some fun? Ask your favorite Tea Partier whether the deficit they claim to care so much about is higher or lower now than when Obama took office. They won't care for the answer, but it's true.

You're still unable to refute the facts I posted, when I quoted you, calling you out.

Try that 1st, you sad, brainwashed lil sheep and MAYBE I'll give your very likely flawed, bias, excuse for a source a gander.

You posted NO facts!!!!!!!!!
Bush NEVER had a deficit under $500 BILLION yet not one of your charts shows a deficit of over $410 billion. Furthermore your charts only show Bush as president for 7 fiscal budgets 2002 to 2008 trying to pass off Bush's 2009 budget as Obama's.

You've been pwaned so badly by your own CON$ervative sources you are just tooooooooo STUPID to know it!

^^^^^^^^^

Just like how you lefty sheep try to pass off Afghanistan as GWB's war WHEN HE AINT EVEN PREZ. ANYMORE, IT'S BARRY HUSSEIN'S WAR, AND SO IS ITS EXPENSES.

Give it up sheep, stop embarrassing yourself and go save some face. After all, you freak shows are only 20% of the population TOPS.

 

[Care4all]

October 1, 2001-The first day of GWB's first fiscal budget year the National Debt is 5,806,151,389,190.21September 30, 1009-The last day of GWB's last fiscal budget year the National Debt is
11,909,829,003,511.75Government - Debt to the Penny (Daily History Search Application)

AND:

Definition: Fiscal Year is a term that is used to differentiate a budget or financial year from the calendar year. It is commonly abbreviated as FY.

The Federal Fiscal Year runs from October 1 of the prior year through September 30 of the next year. For example:

•FY 2010 runs from October 2009 through September 2010.
•FY 2011 is from October 2010 through September 2011.
•FY 2012 is from October 2011 through September 2012.
Fiscal Year - Define Federal Fiscal Year - What Is the Calendar for the Fiscal Year

Your 1st link don't even work.

Even if your "info" is accurate, Obama is also well positioned to dwarf GWB's debt @ record pace and level, just as he has his deficits.

yes Obama will, but he inherited a running budget deficit of nearly 1.5 trillion from the last budget of President Bush......he STARTED with that....his first fiscal budget that just ended, he reduced the running deficit by about 100 billion....but this year it is estimated that it will go back up to the all time high under Bush or even higher perhaps?

whereas President Bush began with a running budget with +/-100 billion SURPLUS.....

 

[(R)IGHTeous 1]

STILL awaiting someone to FINALLY, CREDIBLY, refute my points, objective links, etc.

All I've gotten so far is links that don't work from Kiwi, and trolling from, this weirdo, brainwashed, lil Nazi edthecynic.

-Crickets-......................

 

[kiwiman127]

October 1, 2001-The first day of GWB's first fiscal budget year the National Debt is 5,806,151,389,190.21September 30, 1009-The last day of GWB's last fiscal budget year the National Debt is
11,909,829,003,511.75Government - Debt to the Penny (Daily History Search Application)

AND:

Definition: Fiscal Year is a term that is used to differentiate a budget or financial year from the calendar year. It is commonly abbreviated as FY.

The Federal Fiscal Year runs from October 1 of the prior year through September 30 of the next year. For example:

•FY 2010 runs from October 2009 through September 2010.
•FY 2011 is from October 2010 through September 2011.
•FY 2012 is from October 2011 through September 2012.
Fiscal Year - Define Federal Fiscal Year - What Is the Calendar for the Fiscal Year

Your 1st link don't even work.

Even if your "info" is accurate, Obama is also well positioned to dwarf GWB's debt @ record pace and level, just as he has his deficits.

OK, try this. Go to U.S. National Debt Clock
scrool down the page and you'll see; "Also, the U.S. Department of the Treasury provides daily, monthly, and yearly figures for the Debt--to the penny! These are the figures I use to calibrate this Debt Clock." Click on the link, with the linked page you can pick the day, month and year for a start date and an ending date.. I went with October 1, 2001 and finished with September 30, 2009.

Yes, Obama will have more in deficits than GWB. As a No-Label I'm not forced to be married to either failed ideology (the right or left). That way I get to be objective, you should try it sometime.

 

[edthecynic]

After beginning with a Clinton-era surplus of $128 billion in fiscal year 2001, the Bush administration racked up deficits of $158 billion in 2002, $378 billion in 2003, $413 billion in 2004, $318 billion in 2005, $248 billion in 2006, $162 billion in 2007, and $410 billion in 2008.

Again those those numbers dishonestly exclude the OFF BUDGET DEFICIT SPENDING!!!!!!!!!!!!
When you include ALL deficit spending you get:
2002 $563 BILLION
2003 $592 BILLION
2004 $598 BILLION
2005 $574 BILLION
2006 $510 BILLION
2007 $549 BILLION
2008 $1.43 TRILLION

Proof.

It's just a FACT dear! President Bush was president for 8 years...his first fiscal budget was for fiscal year 2002.....

FISCAL
BUDGET
2002 FIRST 4 YEARS
2003
2004
2005
-------------
2006 LAST 4 YEARS
2007
2008
2009

Obama's first Fiscal Budget began October 1 2009 for fiscal year 2010.


President Clinton's last budget attributed to him was fiscal year 2001, beginning october 1 2000, ending september 30, 2001.

Verifiable PROOF please.

Hey DOOFUS!!!!! The quote under the chart YOU posted yourself proves Clinton's last fiscal year was 2001 and Bush's 8 began 2002!!!!

You've been pwned by your OWN post

 

[Care4all]

STILL awaiting someone to FINALLY, CREDIBLY, refute my points, objective links, etc.

All I've gotten so far is links that don't work from Kiwi, and trolling from, this weirdo, brainwashed, lil Nazi edthecynic.

-Crickets-......................

the article and ops you posted from cns news and others are simply WRONG, and there is nothing there that is the truth or worth refuting...just simply wrong from the get go.....the charts and graphs have switched years and made it appear that Bush's last fiscal budget of 2009, was Obama's and it was not....they did not show the money spent in the budget on the 2 wars, nor Katrina, nor the bailouts nor the TARP, all money spent under the Bush admin, but kept "off budget".....

The whole premise is a bunch of falsities.......

 

[(R)IGHTeous 1]

October 1, 2001-The first day of GWB's first fiscal budget year the National Debt is 5,806,151,389,190.21September 30, 1009-The last day of GWB's last fiscal budget year the National Debt is
11,909,829,003,511.75Government - Debt to the Penny (Daily History Search Application)

AND:

Definition: Fiscal Year is a term that is used to differentiate a budget or financial year from the calendar year. It is commonly abbreviated as FY.

The Federal Fiscal Year runs from October 1 of the prior year through September 30 of the next year. For example:

•FY 2010 runs from October 2009 through September 2010.
•FY 2011 is from October 2010 through September 2011.
•FY 2012 is from October 2011 through September 2012.
Fiscal Year - Define Federal Fiscal Year - What Is the Calendar for the Fiscal Year

Your 1st link don't even work.

Even if your "info" is accurate, Obama is also well positioned to dwarf GWB's debt @ record pace and level, just as he has his deficits.

yes Obama will, but he inherited a running budget deficit of nearly 1.5 trillion from the last budget of President Bush......he STARTED with that....his first fiscal budget that just ended, he reduced the running deficit by about 100 billion....but this year it is estimated that it will go back up to the all time high under Bush or even higher perhaps?

whereas President Bush began with a running budget with +/-100 billion SURPLUS.....

I covered that misconception in my big post tho. This just further tells me that no one even bothered to read it and just wants to make shit up.

Again:

These are the true deficits: Bush $800B, Obama $1.4T
By Dick Morris - 02/02/10 06:37 PM ET

President Barack Obama is being disingenuous when he says that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.

Rep. Joe Wilson (R-S.C.) might have said, “You lie,” but we’ll settle for “You distort.”

(As Mark Twain once said, there are three kinds of lies: “lies, damn lies and statistics.”)

Here are the facts:

In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started, on Oct. 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was about $600 billion at the start of the fiscal crisis. That was the real Bush deficit.

But when the fiscal crisis hit, Bush had to pass the Troubled Asset Relief Program (TARP) in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan. $500 billion of it has already been repaid.

So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.

Then … he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. This $300 billion was, of course, totally qualitatively different from the TARP money in that it was spending, not lending. It would never be paid back. Once it was out the door, it was gone. Other spending and falling revenues due to the recession pushed the final numbers for Obama’s 2009 deficit up to $1.4 trillion.

So, effectively, Obama came close to doubling the deficit.

These are the true deficits: Bush $800B, Obama $1.4T - TheHill.com

 

[(R)IGHTeous 1]

STILL awaiting someone to FINALLY, CREDIBLY, refute my points, objective links, etc.

All I've gotten so far is links that don't work from Kiwi, and trolling from, this weirdo, brainwashed, lil Nazi edthecynic.

-Crickets-......................

the article and ops you posted from cns news and others are simply WRONG, and there is nothing there that is the truth or worth refuting...just simply wrong from the get go.....the charts and graphs have switched years and made it appear that Bush's last fiscal budget of 2009, was Obama's and it was not....they did not show the money spent in the budget on the 2 wars, nor Katrina, nor the bailouts nor the TARP, all money spent under the Bush admin, but kept "off budget".....

The whole premise is a bunch of falsities.......

Actually, you're wrong. If you bothered to read the article I just posted again, you'd see that TARP IS included THE BAILOUTS TOO.

Actually try reading it sometime. Also, as I've said, Afghanistan is clearly Obama's war now, and so are its expenses. This might come as a shock to you, but GWB aint Prez. anymore.

 

[Care4all]

Your 1st link don't even work.

Even if your "info" is accurate, Obama is also well positioned to dwarf GWB's debt @ record pace and level, just as he has his deficits.

yes Obama will, but he inherited a running budget deficit of nearly 1.5 trillion from the last budget of President Bush......he STARTED with that....his first fiscal budget that just ended, he reduced the running deficit by about 100 billion....but this year it is estimated that it will go back up to the all time high under Bush or even higher perhaps?

whereas President Bush began with a running budget with +/-100 billion SURPLUS.....

I covered that misconception in my big post tho. This just further tells me that no one even bothered to read it and just wants to make shit up.

Again:

These are the true deficits: Bush $800B, Obama $1.4T
By Dick Morris - 02/02/10 06:37 PM ET

President Barack Obama is being disingenuous when he says that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.

Rep. Joe Wilson (R-S.C.) might have said, “You lie,” but we’ll settle for “You distort.”

(As Mark Twain once said, there are three kinds of lies: “lies, damn lies and statistics.&#8221

Here are the facts:

In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started, on Oct. 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was about $600 billion at the start of the fiscal crisis. That was the real Bush deficit.

But when the fiscal crisis hit, Bush had to pass the Troubled Asset Relief Program (TARP) in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan. $500 billion of it has already been repaid.

So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.

Then … he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. This $300 billion was, of course, totally qualitatively different from the TARP money in that it was spending, not lending. It would never be paid back. Once it was out the door, it was gone. Other spending and falling revenues due to the recession pushed the final numbers for Obama’s 2009 deficit up to $1.4 trillion.

So, effectively, Obama came close to doubling the deficit.

These are the true deficits: Bush $800B, Obama $1.4T - TheHill.com

AS I SAID, Dick Morris is LYING, when he says the 2009 budget was OBAMA'S, IT WAS NOT! Obama's first fiscal budget that he was responsible for with Congress, was the Budget for fiscal2010 which becan october 1 2009....

the fy2009 budget that Dick Morris attributed to Obama, was President Bush's and began October 1 2008

edit....obama might have added 300 billion to the bush budget....

 

[(R)IGHTeous 1]

Time to pwn another brainwashed, flaming, National Socialist wacko lib troll.

Attention edthecynic. You continue to embarrass yourself to nit picking my posts, YOU HAVE YET TO ATTEMPT TO TRY to refute the other 90% Perhaps cuz you know you can't.


The whole forum is @ you right now troll. Last chance for your lil waste of bandwith self to post something of remote credibility, or else make your home on my pwned belt.

(Newsroom America) -- Though it is being hailed as the most productive legislature in a generation, the 111th Congress was also one of the hardest on the U.S. Treasury, having added more red ink to the nation's debt than the country's first 100 congresses combined, a report said Tuesday.

Cybercast News Service said an analysis of the 111th Congress' fiscal legislation found that lawmakers added more than $3.2 trillion to the nation's debt, or $10,429.64 more per person.

http://www.newsroomamerica.com/story/88460/report:_111th_congress_added_more_debt_than_first_100_congresses.html

then also show me how the bush years stack up to this congress, then again you also have to add in the wars, which he doesnt do. once again, nice fuzzy math.

These are the true deficits: Bush $800B, Obama $1.4T
By Dick Morris - 02/02/10 06:37 PM ET

President Barack Obama is being disingenuous when he says that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.

Rep. Joe Wilson (R-S.C.) might have said, “You lie,” but we’ll settle for “You distort.”

(As Mark Twain once said, there are three kinds of lies: “lies, damn lies and statistics.&#8221

Here are the facts:

In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started, on Oct. 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was about $600 billion at the start of the fiscal crisis. That was the real Bush deficit.

But when the fiscal crisis hit, Bush had to pass the Troubled Asset Relief Program (TARP) in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan. $500 billion of it has already been repaid.

So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.

These are the true deficits: Bush $800B, Obama $1.4T - TheHill.com

A REAL EYE OPENER ! Bush debt vs Obama debt

The Washington Post babbled again today about Obama inheriting a huge deficit from Bush.
Amazingly Enough, a lot of people swallow this nonsense. So once more, a short civics lesson. 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:

After beginning with a Clinton-era surplus of $128 billion in fiscal year 2001, the Bush administration racked up deficits of $158 billion in 2002, $378 billion in 2003, $413 billion in 2004, $318 billion in 2005, $248 billion in 2006, $162 billion in 2007, and $410 billion in 2008.

The current administration would kill to have such small numbers. President Barack Obama is unveiling his budget this week, and, in addition to the inherited Bush deficit, he’s adding his own spending at an astonishing pace, projecting annual deficits well beyond $1 trillion in the near future, and, in the rosiest possible scenario, a $533 billion deficit in fiscal year 2013, the last year of Obama’s first term.

And what about the national debt? It increased from $5 trillion to $10 trillion in the Bush years, leading to dramatically higher interest costs. “We pay in interest four times more than we spend on education and four times what it will cost to cover 10 million children with health insurance for five years,” Pelosi said in 2007. “That’s fiscal irresponsibility.”

Now, under Obama, the national debt — and the interest payments — will increase at a far faster rate than during the Bush years.

“We thought the Bush deficits were big at the time,” Senate Minority Leader Mitch McConnell, told me this week as he prepared to attend Obama’s Fiscal Responsibility Summit. “But this is going to make the previous administration look like rank amateurs. We could be adding multiple trillions to the national debt in the first year.”

At some point last week, the sheer velocity of Obama’s spending proposals began to overwhelm even experienced Washington hands. In the span of four days, we saw the signing of the $787 billion stimulus bill, the rollout of a $275 billion housing proposal, discussion of Congress’s remaining appropriations bills (about $400 billion) and word of a vaguely-defined financial stabilization plan that could ultimately cost $2 trillion. When representatives of GM and Chrysler said they might need $21 billion more to survive, it seemed like small beer.

The numbers are so dizzying that McConnell and his fellow Republicans are trying to “connect the dots” — that is, to explain to the public how all of those discrete spending initiatives add up to a previously unthinkable total. Obama’s current spending proposals, Republicans point out, will cost more than the United States spent on the wars in Iraq and Afghanistan, the general war on terror and Hurricane Katrina in the last seven years. And that’s before you throw in the $2 trillion fiscal stabilization plan.
Obama's trillions dwarf Bush's 'dangerous' spending | Washington Examiner

 

[Care4all]

But note, that clinton's last budget was for fy 2001...ending sept 2001....and president Bush ADDED a great deal to that budget with the bail outs for 9/11 to the airlines and help for homeland security to the city, and he also passed his tax cuts and gave us all a refund in august...all before the end of president clinton's fiscal budget....but guess what? It still gets attributed to clinton and as clinton's budget.....

 

[(R)IGHTeous 1]

yes Obama will, but he inherited a running budget deficit of nearly 1.5 trillion from the last budget of President Bush......he STARTED with that....his first fiscal budget that just ended, he reduced the running deficit by about 100 billion....but this year it is estimated that it will go back up to the all time high under Bush or even higher perhaps?

whereas President Bush began with a running budget with +/-100 billion SURPLUS.....

I covered that misconception in my big post tho. This just further tells me that no one even bothered to read it and just wants to make shit up.

Again:

These are the true deficits: Bush $800B, Obama $1.4T
By Dick Morris - 02/02/10 06:37 PM ET

President Barack Obama is being disingenuous when he says that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.

Rep. Joe Wilson (R-S.C.) might have said, “You lie,” but we’ll settle for “You distort.”

(As Mark Twain once said, there are three kinds of lies: “lies, damn lies and statistics.”)

Here are the facts:

In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started, on Oct. 1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was about $600 billion at the start of the fiscal crisis. That was the real Bush deficit.

But when the fiscal crisis hit, Bush had to pass the Troubled Asset Relief Program (TARP) in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan. $500 billion of it has already been repaid.

So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.

Then … he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. This $300 billion was, of course, totally qualitatively different from the TARP money in that it was spending, not lending. It would never be paid back. Once it was out the door, it was gone. Other spending and falling revenues due to the recession pushed the final numbers for Obama’s 2009 deficit up to $1.4 trillion.

So, effectively, Obama came close to doubling the deficit.

These are the true deficits: Bush $800B, Obama $1.4T - TheHill.com

AS I SAID, Dick Morris is LYING, when he says the 2009 budget was OBAMA'S, IT WAS NOT! Obama's first fiscal budget that he was responsible for with Congress, was the Budget for fiscal2010 which becan october 1 2009....

the fy2009 budget that Dick Morris attributed to Obama, was President Bush's and began October 1 2008

edit....obama might have added 300 billion to the bush budget....

Even with that, you NOW SEE that TARP and the BAILOUT ARE INCLUDED. Adjusted, Obama's deficits are STILL worse than Bush's.

I can pull up other links, articles, etc if you want, I got em for days.

 

[kiwiman127]

STILL awaiting someone to FINALLY, CREDIBLY, refute my points, objective links, etc.

All I've gotten so far is links that don't work from Kiwi, and trolling from, this weirdo, brainwashed, lil Nazi edthecynic.

-Crickets-......................

Obviously you never read my Post #35 nor did you read the information within the link I supplied. You used rightwing sites and call them objective? So I used a left leaning site (which I pointed out by the way) to counter-balance your rightwing site.
The fact of the matter, Obama's budgets will all have defict spending carried over from Bush policies. The 112th, 113th, 114th and so on will have deficit spending attributed to both GWB/GOP and Obama/Dem programs. That's the way our federal fiscal economic system works.