It is liberal education time, Budgets and how they work

[edthecynic]

Budgets run on a fiscal year that starts in the year prior to the year the budget is dated. the '2009' budget therefore started in October of 2008.

Unfortunately for your attempt to deflect blame from your messiah, the so-called "stimulus" package Congress passed and Obama signed into law replaced whatever budget Congress passed in 2008. The stimulus went into effect towards the end of February 2009.

agree
do not forget that last 50% of tarp BHO got (close to 300 billion) that was never to be used
also GWB did not sign the budget for 2009, BHO did with added monies to GWB base-line
Imagine if GWB did the same in 2001?

The same posters post this crap and after it is debunked they slink off to another thread and post it again. Bush signed the budget resolutions for nearly all of the FY 2009 spending, Obama spent as little as 140 billion in FY 2009.

FactCheck.org : Obama?s Spending: ?Inferno? or Not?
How Much Did Obama Add?
But it’s also true that Obama signed a number of appropriations bills, plus other legislation and executive orders, that raised spending for the remainder of fiscal 2009 even above the path set by Bush. By our calculations, Obama can be fairly assigned responsibility for a maximum of $203 billion in additional spending for that year.
It can be argued that the total should be lower. Economist Daniel J. Mitchell of the libertarian CATO Institute — who once served on the Republican staff of the Senate Finance Committee — has put the figure at $140 billion.

 

[edthecynic]

Unfortunately for your attempt to deflect blame from your messiah, the so-called "stimulus" package Congress passed and Obama signed into law replaced whatever budget Congress passed in 2008. The stimulus went into effect towards the end of February 2009.

Wrong. The 2009 deficit was on track to be a trillion dollars even if Congress had done nothing.

wrong. It would have been about $700 billion without all of Obama's new boondoggle spending.

Pure bullshit only the Misinformation Voter would be stupid enough to believe.

FactCheck.org : Obama?s Spending: ?Inferno? or Not?

▪ Fiscal 2009 began Oct. 1, 2008. That was before Obama was elected, and nearly four months before he took office on Jan. 20, 2009.
▪ President Bush signed the massive spending bill under which the government was operating when Obama took office. That was Sept. 30, 2008. As The Associated Press noted, it combined “a record Pentagon budget with aid for automakers and natural disaster victims, and increased health care funding for veterans returning from Iraq and Afghanistan.”
▪ Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).
▪ On Jan. 7, 2009 — two weeks before Obama took office — the nonpartisan Congressional Budget Office issued its regular budget outlook, stating: “CBO projects that the deficit this year will total $1.2 trillion.”
▪ CBO attributed the rapid rise in spending to the bank bailout and the federal takeover of Fannie Mae and Freddie Mac –* plus rising costs for unemployment insurance and other factors driven by the collapsing economy (which shed 818,000 jobs in January alone).
▪ Another factor beyond Obama’s control was an automatic 5.8 percent cost of living increase announced in October 2008 and given to Social Security beneficiaries in January 2009. It was the largest since 1982. Social Security spending alone rose $66 billion in fiscal 2009, and Medicare spending, driven by rising medical costs, rose $39 billion.

 

[NYcarbineer]

These people trying to blame Obama for the big deficits in 2009 etc., also conveniently forget that federal tax revenues between 2008 and 2009 fell

420 billion dollars, the single biggest year to year revenue decline in US history.

 

[JRK]

Unfortunately for your attempt to deflect blame from your messiah, the so-called "stimulus" package Congress passed and Obama signed into law replaced whatever budget Congress passed in 2008. The stimulus went into effect towards the end of February 2009.

Wrong. The 2009 deficit was on track to be a trillion dollars even if Congress had done nothing.

wrong. It would have been about $700 billion without all of Obama's new boondoggle spending.

7-8
about 50-50
do not forget that the huge loss of revenue occured mostly under his watch also
Not sure what W could have done different
but the close to super majority congress with BHO as president had to have been part of the massive layoffs

 

[JRK]

Wrong. The 2009 deficit was on track to be a trillion dollars even if Congress had done nothing.

wrong. It would have been about $700 billion without all of Obama's new boondoggle spending.

Pure bullshit only the Misinformation Voter would be stupid enough to believe.

FactCheck.org : Obama?s Spending: ?Inferno? or Not?

▪ Fiscal 2009 began Oct. 1, 2008. That was before Obama was elected, and nearly four months before he took office on Jan. 20, 2009.
▪ President Bush signed the massive spending bill under which the government was operating when Obama took office. That was Sept. 30, 2008. As The Associated Press noted, it combined “a record Pentagon budget with aid for automakers and natural disaster victims, and increased health care funding for veterans returning from Iraq and Afghanistan.”
▪ Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).
▪ On Jan. 7, 2009 — two weeks before Obama took office — the nonpartisan Congressional Budget Office issued its regular budget outlook, stating: “CBO projects that the deficit this year will total $1.2 trillion.”
▪ CBO attributed the rapid rise in spending to the bank bailout and the federal takeover of Fannie Mae and Freddie Mac –* plus rising costs for unemployment insurance and other factors driven by the collapsing economy (which shed 818,000 jobs in January alone).
▪ Another factor beyond Obama’s control was an automatic 5.8 percent cost of living increase announced in October 2008 and given to Social Security beneficiaries in January 2009. It was the largest since 1982. Social Security spending alone rose $66 billion in fiscal 2009, and Medicare spending, driven by rising medical costs, rose $39 billion.

you need help
GWB used less than 50% of tarp
BHO used he rest
http://www.google.ca/url?sa=t&rct=j...azvxRLS4dTzlD7WHClhDg5A&bvm=bv.45373924,d.cGE

First, Nutting writes, “In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion.” This is inaccurate for two reasons: first, as Nutting notes in a separate chart, Obama was responsible for $140 billion in stimulus spending in 2009. Therefore, insinuating that the 2009 deficit was garnered entirely under President Bush’s watch is misleading.

Second, and related, Nutting fails to place blame for a number of other spending items President Obama signed into law on the President, particularly those from the $410 billion H.R. 1105, the Omnibus Appropriations Act, 2009. This Act, signed into law by President Obama on March 11, 2009, included the following:
1. Five billion dollars worth of earmarks added by Members of Congress.
2.A funding increase of $8.5 billion in the Labor-HHS-Education portion of the law, excluding emergency appropriations.
3.A $31 billion increase in nine bills funding various federal agencies over FY 2008, as totaled by the U.S. Conference of Mayor.

All told, as noted by the Canada Free Press, the omnibus increased total spending in the relevant departments by 8% over the prior year. And while $31 billion is not a large amount of money compared to the federal budget in 2009 (it was less than one percent of spending in that year), it was 22% of the $140 billion in deficit spending Nutting credits to Obama. Nutting should still have put the blame for those increases on Obama’s shoulders – as he eventually, and rightly, did with stimulus spending

read it and man up
Correcting the media on Obama?s spending record? again « Hot Air

 

[JRK]

Wrong. The 2009 deficit was on track to be a trillion dollars even if Congress had done nothing.

wrong. It would have been about $700 billion without all of Obama's new boondoggle spending.

Pure bullshit only the Misinformation Voter would be stupid enough to believe.

FactCheck.org : Obama?s Spending: ?Inferno? or Not?

▪ Fiscal 2009 began Oct. 1, 2008. That was before Obama was elected, and nearly four months before he took office on Jan. 20, 2009.
▪ President Bush signed the massive spending bill under which the government was operating when Obama took office. That was Sept. 30, 2008. As The Associated Press noted, it combined “a record Pentagon budget with aid for automakers and natural disaster victims, and increased health care funding for veterans returning from Iraq and Afghanistan.”
▪ Bush also signed, on Oct. 3, 2008, a bank bailout bill that authorized another $700 billion to avert a looming financial collapse (though not all of that would end up being spent in fiscal 2009, and Obama later signed a measure reducing total authorized bailout spending to $475 billion).
▪ On Jan. 7, 2009 — two weeks before Obama took office — the nonpartisan Congressional Budget Office issued its regular budget outlook, stating: “CBO projects that the deficit this year will total $1.2 trillion.”
▪ CBO attributed the rapid rise in spending to the bank bailout and the federal takeover of Fannie Mae and Freddie Mac –* plus rising costs for unemployment insurance and other factors driven by the collapsing economy (which shed 818,000 jobs in January alone).
▪ Another factor beyond Obama’s control was an automatic 5.8 percent cost of living increase announced in October 2008 and given to Social Security beneficiaries in January 2009. It was the largest since 1982. Social Security spending alone rose $66 billion in fiscal 2009, and Medicare spending, driven by rising medical costs, rose $39 billion.

you need help
GWB used less than 50% of tarp
BHO used he rest
http://www.google.ca/url?sa=t&rct=j...azvxRLS4dTzlD7WHClhDg5A&bvm=bv.45373924,d.cGE

First, Nutting writes, “In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion.” This is inaccurate for two reasons: first, as Nutting notes in a separate chart, Obama was responsible for $140 billion in stimulus spending in 2009. Therefore, insinuating that the 2009 deficit was garnered entirely under President Bush’s watch is misleading.

Second, and related, Nutting fails to place blame for a number of other spending items President Obama signed into law on the President, particularly those from the $410 billion H.R. 1105, the Omnibus Appropriations Act, 2009. This Act, signed into law by President Obama on March 11, 2009, included the following:
1. Five billion dollars worth of earmarks added by Members of Congress.
2.A funding increase of $8.5 billion in the Labor-HHS-Education portion of the law, excluding emergency appropriations.
3.A $31 billion increase in nine bills funding various federal agencies over FY 2008, as totaled by the U.S. Conference of Mayor.

All told, as noted by the Canada Free Press, the omnibus increased total spending in the relevant departments by 8% over the prior year. And while $31 billion is not a large amount of money compared to the federal budget in 2009 (it was less than one percent of spending in that year), it was 22% of the $140 billion in deficit spending Nutting credits to Obama. Nutting should still have put the blame for those increases on Obama’s shoulders – as he eventually, and rightly, did with stimulus spending
read it and man up
Correcting the media on Obama?s spending record? again « Hot Air

 

[JRK]

Fact check is lying and knows it
GWB is resp for the 2009 budget by paper only
he did not sign the 09 budget, BHO signed it
He was done with tarp, BHO got the last 350 billion
The failed stimulus added 140 billion

Fact check ignores all of this as well as the fact BHO voted for all of tarp

Most jobs lost in 2009 where while BHO was president and the dems run congress
loss revenue is as much as the added spending the left added