Day After Obama Promises to Curb Spending-Dems Pass Largest Debt Increase in History

[Neotrotsky]

Day After Obama Promises to Curb Spending-Dems Pass Largest Debt Increase in History

Tip: Gateway Pundit

After tripling the national deficit in one year, last night Democratic President Barack Obama promised he would not leave Americans with a mountain of debt.

Rather than fight the same tired battles that have dominated Washington for decades, it’s time to try something new. Let’s invest in our people without leaving them a mountain of debt. Let’s meet our responsibility to the citizens who sent us here. Let’s try common sense… To do that, we have to recognize that we face more than a deficit of dollars right now. We face a deficit of trust -– deep and corrosive doubts about how Washington works that have been growing for years. To close that credibility gap we have to take action on both ends of Pennsylvania Avenue — to end the outsized influence of lobbyists; to do our work openly; to give our people the government they deserve.

Today ALL 60 democrats in the US Senate voted for the largest increase in debt in US history.

The Hill reported:

Senate Democrats passed a $1.9 trillion increase in the federal debt limit Thursday, seeking to push off another politically painful debt vote until after the midterm elections.

All 60 Democrats and no Republicans voted for the debt limit increase. The measure, which the House has yet to vote on, would put the debt ceiling at roughly $14.3 trillion.

 

[Oddball]

Why, those obstructionist republicans just want to stop....um....er...oh yeah....

 

[Neotrotsky]

Why, those obstructionist republicans just want to stop....um....er...oh yeah....

Just think how much they will save on health care

 

[rightwinger]

How does one pay for two wars that were financed through a tax cut without running a deficit?

 

[Neotrotsky]

How does one pay for two wars that were financed through a tax cut without running a deficit?

Probably the same way they will pay for this


Obama to Spend $10.3 Trillion on Welfare: Uncovering the Full Cost of Means-Tested Welfare or Aid to the Poor'

Obama Scheduled to Spend more on Welfare than Entire Iraq War

In his first two years in office, President Barack Obama will increase annual federal welfare spending by one-third from $522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed eral welfare spending will rise by roughly 1.2 percent of GDP.

Under President Obama, government will spend more on welfare in a single year than President George W. Bush spent on the war in Iraq during his entire presidency. According to the Congressional Research Service, the cost of the Iraq war through the end of the Bush Administration was around $622 billion. By contrast, annual federal and state means-tested welfare spending will reach $888 billion in FY 2010. Federal welfare spending alone will equal $697 billion in that year.

While campaigning for the presidency, Obama lamented that "the war in Iraq is costing each household about $100 per month." Applying the same standard to means-tested welfare spending reveals that welfare will cost each household $560 per month in 2009 and $638 per month in 2010.

Most of Obama's increases in welfare spending are permanent expansions of the welfare state, not temporary increases in response to the current recession. According to the long-term spending plans set forth in Obama's FY 2010 budget, combined federal and state spending will not drop significantly after the recession ends. In fact, by 2014, welfare spending is likely to equal $1 trillion per year.

 

[Queen]

How does one pay for two wars that were financed through a tax cut without running a deficit?

The way Bush did, just hide the cost and ask congress for emergency supplemental spending bills every few months.

Republicans really hate to see how much everything costs. Here it all is in the budget and they freak out!! They'd much prefer it hidden away in supplementals.

 

[Oddball]

How does one pay for two wars that were financed through a tax cut without running a deficit?

Because they were financed by borrowing money from the Chinese, not via the normal budget process.....Lots and lots of stooges with (D)s by their names went for that scam too, your irrelevant mewling about tax cuts nonwithstanding.

 

[Dis]

Day After Obama Promises to Curb Spending-Dems Pass Largest Debt Increase in History

Tip: Gateway Pundit

After tripling the national deficit in one year, last night Democratic President Barack Obama promised he would not leave Americans with a mountain of debt.

Rather than fight the same tired battles that have dominated Washington for decades, it’s time to try something new. Let’s invest in our people without leaving them a mountain of debt. Let’s meet our responsibility to the citizens who sent us here. Let’s try common sense… To do that, we have to recognize that we face more than a deficit of dollars right now. We face a deficit of trust -– deep and corrosive doubts about how Washington works that have been growing for years. To close that credibility gap we have to take action on both ends of Pennsylvania Avenue — to end the outsized influence of lobbyists; to do our work openly; to give our people the government they deserve.

Today ALL 60 democrats in the US Senate voted for the largest increase in debt in US history.

The Hill reported:

Senate Democrats passed a $1.9 trillion increase in the federal debt limit Thursday, seeking to push off another politically painful debt vote until after the midterm elections.

All 60 Democrats and no Republicans voted for the debt limit increase. The measure, which the House has yet to vote on, would put the debt ceiling at roughly $14.3 trillion.

Well, he meant right after that increase, obviously.

 

[Dis]

Oh, and I suppose if we're going to increase welfare, I guess it would be too much to ask that some of that money be used for *mandatory* drug testing?

 

[rightwinger]

How does one pay for two wars that were financed through a tax cut without running a deficit?

The way Bush did, just hide the cost and ask congress for emergency supplemental spending bills every few months.

Republicans really hate to see how much everything costs. Here it all is in the budget and they freak out!! They'd much prefer it hidden away in supplementals.

Borrowing money to pay for unnecessary wars is .....PATRIOTIC

Borrowing money to help American citizens is..........SOCIALISM

 

[Neotrotsky]

How does one pay for two wars that were financed through a tax cut without running a deficit?

Because they were financed by borrowing money from the Chinese, not via the normal budget process.....Lots and lots of stooges with (D)s by their names went for that scam too, your irrelevant mewling about tax cuts nonwithstanding.

The libs would like to think it was the wars that are increasing spending
But they are only kidding themselves

Truth is the worst enemy of the left


US Budget Deficit TRIPLES Under Obama & Democrats– Media Silent …Update: Dems Plan 2nd Stimulus

Thanks Barack. This didn’t get much press for some reason but Obama and democrats spent billions this year on their failed stimulus plan and set all kinds of spending records along the way.

The US budget deficit tripled in Obama’s first year in office.
The unemployment rate nearly doubled.

 

[rdean]

Hey, is it true that Bush Sr., Bush Jr. and Ronald Reagan created bigger deficits than either Jimmy Carter or Bill Clinton?

 

[Neotrotsky]

Hey, is it true that Bush Sr., Bush Jr. and Ronald Reagan created bigger deficits than either Jimmy Carter or Bill Clinton?

Not as big as Obama's right?
Maybe Hillary should run

 

[gautama]

How does one pay for two wars that were financed through a tax cut without running a deficit?

Probably the same way they will pay for this


Obama to Spend $10.3 Trillion on Welfare: Uncovering the Full Cost of Means-Tested Welfare or Aid to the Poor'

Obama Scheduled to Spend more on Welfare than Entire Iraq War

In his first two years in office, President Barack Obama will increase annual federal welfare spending by one-third from $522 billion to $697 billion. The combined two-year increase will equal almost $263 billion ($88.2 bil lion in FY 2009 plus $174.6 billion in FY 2010). After adjusting for inflation, this increase is two and a half times greater than any previous increase in federal welfare spending in U.S. history. As a share of the economy, annual fed eral welfare spending will rise by roughly 1.2 percent of GDP.

Under President Obama, government will spend more on welfare in a single year than President George W. Bush spent on the war in Iraq during his entire presidency. According to the Congressional Research Service, the cost of the Iraq war through the end of the Bush Administration was around $622 billion. By contrast, annual federal and state means-tested welfare spending will reach $888 billion in FY 2010. Federal welfare spending alone will equal $697 billion in that year.

While campaigning for the presidency, Obama lamented that "the war in Iraq is costing each household about $100 per month." Applying the same standard to means-tested welfare spending reveals that welfare will cost each household $560 per month in 2009 and $638 per month in 2010.

Most of Obama's increases in welfare spending are permanent expansions of the welfare state, not temporary increases in response to the current recession. According to the long-term spending plans set forth in Obama's FY 2010 budget, combined federal and state spending will not drop significantly after the recession ends. In fact, by 2014, welfare spending is likely to equal $1 trillion per year.

Let's face it, besides the CORRUPT MONOLITHIC BLACK RACIST VOTE which is ~ 13% of the Total Population of America......and without whom the CORRUPT DEM PARTY COULD NOT EXIST .........which is the other CORRUPT MONOLITHIC VOTE of the CORRUPT DEM PARTY (and I don't mean the QUEERS, they are only ~ 4 %) ??????

ANSWER: THE HUMAN GARBAGE.....the homeless, the dopers, the professional welfare artistes, the in-an-out criminals,etc.,

SMALL WONDER THE MARXIST MUSLIM PC PROTECTOR Obami Salami .....THE MOST FRAUDULENT OF ALL FRAUDS.......would subsidize this other SIGNIFICANT BASE of his.

 

[LibocalypseNow]

Less & Less rational Americans are buying the Democrats' lies. Put an (R) by this President's name and the corrupt Liberal MSM would be completely losing it over this one. In fact if this President had an (R) by his name,the loons would already be screeching for Impeachment. Just another sad Liberal scam. When will more people finally catch on?

 

[Xenophon]

Borrowing money to pay for unnecessary wars is .....PATRIOTIC

Borrowing money to help American citizens is..........SOCIALISM

Borrowing money when deeply in debt to make people dependant on government.....stupidity.

 

[California Girl]

It would be cool if we could recognize that we cannot change the past but previous stupidity doesn't justify the current stupidity. Anyone who says it's OK for Obama to spend more money than we spent in the first 200 years of our nation by whining about previous administrations is clearly not capable of individual thought.

If we could just grasp that we cannot use the past as justification for further fuck ups, we might get somewhere.

If one single progressive could explain to me how getting into further debt with China is good for our country, I am happy to listen.

 

[Neotrotsky]

Less & Less rational Americans are buying the Democrats' lies. Put an (R) by this President's name and the corrupt Liberal MSM would be completely losing it over this one. In fact if this President had an (R) by his name,the loons would already be screeching for Impeachment. Just another sad Liberal scam. When will more people finally catch on?

All true

If this loon had an (R) by his name then the Press would have properly (over) vetted him and with his background and lack of experience, he never would have been President.

 

[LibocalypseNow]

"Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a Debt problem and a failure of leadership."

After this pompous and self-righteous rant,Barack Obama and the Democrats went onto vote against the Debt increase under George Bush. How's that for some "Hope & Change?" What a farce. These Socialist kooks have completely sunk many future generations to come. How sad.

 

[Big Black Dog]

How does one pay for two wars that were financed through a tax cut without running a deficit?

Have lots of dice games behind the Capital during their lunch hour.