You want to hear a liar lie right to your face?

[Care4all]

PS...comparing the gross cumulative national debt to Obama's one year accrued national debt is dishonest, btw, and really erodes credibility on any issue.

"...the non-partisan Congressional Budget Office (CBO) estimates that, including the record 2009 budget deficit of $1.85 trillion, and huge annual deficits over 2009-2019 will result in an additional $11.1 trillion in national debt, on top of the current $11.4 trillion."
Obama On Course To Double National Debt - Forecasts & Trends - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

That of course was an article written just a few months into Obama's spree, and the CBO was wildly optimistic at that time.

Obama spent 3 x more in his first year than Bush did in his last:
"The latest high-point is not unexpected, considering the federal deficit for the just-ended 2009 fiscal year hit an all-time high at $1.42-trillion – more than triple the previous year's record high."


National Debt Now Tops $12 Trillion - Political Hotsheet - CBS News

Umm 2009 operated mostly off of Bush's budget.

yes uscit,
fiscal 2009 budget began october 1, 2008 AND DOES FALL UNDER president bush.

President Obama's FIRST fiscal budget began october 1, 2009 for fiscal year 2010.

 

[AllieBaba]

Oh, Care to the rescue of the lying left! Woo hoo!

 

[uscitizen]

Care to the rescue of the ignorant talking point parroting right?

It would have been best to have just kept your mouth shut to avoid further embaressment.

 

[Care4all]

fyi....for those who honestly want to learn about our ''budget'' and how it works:

Citizen's Guide to the Federal Budget: Fiscal Year 2001

 

[Care4all]

Oh, Care to the rescue of the lying left! Woo hoo!

I was reared and taught that ''Honesty, is the best policy''..... I'm sorry if THAT gets under your skin allie!

 

[AllieBaba]

Care to the rescue of the ignorant talking point parroting right?

It would have been best to have just kept your mouth shut to avoid further embaressment.

Er..no, care to the rescue of you.

That really IS your pic, isn't it? I didn't believe it at first.

 

[Polk]

...and all the other pretty red lines are projected for BO's and his successors.

Key word: projected.

 

[Darkwind]

How the hell do tax cuts equal spending?

Is that what rdean's saying?

And shit if I can tell WHAT Ed's saying. Is he saying Obama's a liar, or Rush is???

When the country is at war, tax cuts do indeed equal spending. Not just spending, but deficit building spending. How can you not understand that? It's so obvious.

So obvious that you missed it completely.

All revenue taken in by the Federal government must FIRST be spent upon defense. That is the ONLY authorized spending in the Constitution.

You divide what is left among the other federal spending programs. That means that what is left over is considered 'deficit' spending.

In fact, The largest entitlement programs are what causes a budget deficit.

 

[Polk]

How the hell do tax cuts equal spending?

There is no functional difference on the budget between increasing spending by a dollar and cutting taxes by a dollar.

Except the fact that one earns the dollar & the other just takes it.---

Both increase the deficit by one dollar. The difference is the spending stimulates output by more than the tax cut.

 

[Polk]

Correct me if I'm wrong but didn't Bush keep the cost of the Iraq war off-budget?

"Off-budget" doesn't mean the spending is not figured in. Bush funded Iraq and Afghanistan with emergency supplements. The spending is still included in the deficit.

How the hell do you figure that? Bush's worst year (his last year), the government ran a deficit of 1.4 trillion dollars.

The CON$ervative dumb act again.

In your earlier post you said the Iraq, Afghanistan and Katrina off budget spending was included in Bush's deficit spending and then in the chart you posted it is clearly omitted. Bush's last year is clearly not 1.4 trillion, and his 8 year total does not add up to not 5 trillion which would average over 600 billion per year. Nearly a trillion in off budget deficit spending is missing from Bush's last year alone. That off budget war and Katrina spending plus the interest on the national debt Bush passed to Obama equals Obama's entire 2009 deficit!!!!!

2009 (the first red line) is Bush's last budget.

 

[Care4all]

3. How Does the Government Create a Budget?

The President and Congress both play major roles in developing the Federal budget.
The President's Budget

The law requires that, by the first Monday in February, the President submit to Congress his proposed Federal budget for the next fiscal year, which begins October 1.

The White House's Office of Management and Budget (OMB) prepares the budget proposal, after receiving direction from the President and consulting with his senior advisors and officials from Cabinet departments and other agencies.

The President's budget--which typically includes a main book and several accompanying books1--covers thousands of pages and provides an abundance of details.
The Budget Process

Through the budget process, the President and Congress decide how much to spend and tax in any one fiscal year. More specifically, they decide how much to spend on each activity, ensure that the Government spends no more and spends it only for that activity, and report on that spending at the end of each budget cycle.

The President's budget is his plan for the next year. But it's just a proposal. After receiving it, Congress has its own budget process to follow. Only after the Congress passes, and the President signs, the required spending bills has the Government created its actual budget.

fyi

Citizen's Guide to the Federal Budget: Fiscal Year 2001

 

[uscitizen]

Care to the rescue of the ignorant talking point parroting right?

It would have been best to have just kept your mouth shut to avoid further embaressment.

Er..no, care to the rescue of you.

That really IS your pic, isn't it? I didn't believe it at first.

Nope. I will put up another one for ya.

 

[Xenophon]

Ah, the smoke and mirrors of barryworship continue.

Bad news kiddies, barry's 'Porkulus' is included in that 2009 number, and it wasn't chimp that did that.

NEXT.

 

[AllieBaba]

There is no functional difference on the budget between increasing spending by a dollar and cutting taxes by a dollar.

Except the fact that one earns the dollar & the other just takes it.---

Both increase the deficit by one dollar. The difference is the spending stimulates output by more than the tax cut.

Only if you refuse to check spending. Most of us don't spend what we don't have. I keep forgeting it's the hysterical, thieving lefties who are talking.

 

[AllieBaba]

"The National Debt has increased about $1.6 trillion on Mr. Obama's watch, though less than $4.9 trillion run up during the presidency of George W. Bush.

"But the White House budget review issued in August projects that by the end of the current fiscal year on Sept 30th, the National Debt could top $14 trillion.

It gets worse. The same document projects that by the end of the decade, the National Debt will hit $24.5 trillion -- exceeding the Gross Domestic Product projected for 2019 of $22.8 trillion."

National Debt Now Tops $12 Trillion - Political Hotsheet - CBS News

 

[Polk]

Except the fact that one earns the dollar & the other just takes it.---

Both increase the deficit by one dollar. The difference is the spending stimulates output by more than the tax cut.

Only if you refuse to check spending. Most of us don't spend what we don't have. I keep forgeting it's the hysterical, thieving lefties who are talking.

It would be a lot easier to take those claims seriously if spending were actually cut. Of course, it doesn't really happen, because the Republicans aren't going to cut defense spending for ideological reasons and they're not going to cut Social Security benefits or slash Medicare service because that'll piss off old people, and by the time you've eliminated all of those as areas for possible cuts, that's over three-fourths of the budget.

 

[uscitizen]

I have been paying for my SS for over 40 years. No young whippersnapper is going to take it away from me.

 

[AllieBaba]

Both increase the deficit by one dollar. The difference is the spending stimulates output by more than the tax cut.

Only if you refuse to check spending. Most of us don't spend what we don't have. I keep forgeting it's the hysterical, thieving lefties who are talking.

It would be a lot easier to take those claims seriously if spending were actually cut. Of course, it doesn't really happen, because the Republicans aren't going to cut defense spending for ideological reasons and they're not going to cut Social Security benefits or slash Medicare service because that'll piss off old people, and by the time you've eliminated all of those as areas for possible cuts, that's over three-fourths of the budget.

We'd sure as shit eliminate a lot of spending on welfare, however. That's something you all won't discuss. We'd also eliminate a lot of frou-frou crap, and cut the chains of industry. Something you also won't discuss.

 

[nodoginnafight]

Both increase the deficit by one dollar. The difference is the spending stimulates output by more than the tax cut.

Only if you refuse to check spending. Most of us don't spend what we don't have. I keep forgeting it's the hysterical, thieving lefties who are talking.

It would be a lot easier to take those claims seriously if spending were actually cut. Of course, it doesn't really happen, because the Republicans aren't going to cut defense spending for ideological reasons and they're not going to cut Social Security benefits or slash Medicare service because that'll piss off old people, and by the time you've eliminated all of those as areas for possible cuts, that's over three-fourths of the budget.

That is very true - the only way to make a serious dent - gonna have to put in a means test for social security or start taxing it for people above a certain threshold and putting THAT money back into SS.

If we get through the baby boomers, the program should stablize and for crying out loud let someone look at birth rates and use their calculator BEFORE we stumble back into this mess again.

All the other drops in the bucket should ALSO be pursued - but without entitlement reform - you're pissing in the wind.

 

[AllieBaba]

Too late.