It's not just Obama -- it's the entire hijacking of the DEM party by the Class Warriors and Redistributionists. It's Pelosi and Reid and the radicals that embarrass even Moderate Dem leadership.
So when I say "HE" --- I mean "THEM".
He has WASTED a $TRILL dollars on poorly conceived bailouts and stimulus.
He has FOCUSED on the fantasy of GREEN JOBS, not restoring the economy.
His Healthcare fiasco is now costed at nearly 3 times what he promised it would cost and implementation hasn't even begun.
He WANTED to spend more, but America took his control of Congress away before he could.
Those are the facts. Now I HAVE STUDIED the increase in debt and what I've found is complete lying and ignoring of significant facts.
Facts like the SOC SEC crisis has hit 10 years EARLY. The "fund" went negative in 2010 after Obama channeled Robin Hood in a fairness hissy fit and gave out $20/month refunds of FICA taxes. This refund ACCELERATES the demise of S.S. and Medicare. In fact -- Obama SHOULD BE ARGUING that he inherited a $150Bill change in the FICA income. Used to run $100Bill SURPLUSES just a few years ago, and now they are in $50Bill deficits. WHY isn't this mentioned? Because the DEMS don't want their phoney FICA stimulus tax cut to be exposed as a large part of the prob. That and NEITHER party wants attention directed to the fact that the vaunted S.S. Trust Fund is a myth and TODAY'S taxpayers are paying for the theft of the SURPLUS for all those years.
We're in DEBT because 40% of spending is JUST PAYING INTEREST!!!!!
Don't tell me I need a larger picture.
Fixing the employment problem is NOT compatible with beating on Venture Capital and "the rich". And making statements that "The private sector is doing fine" -- instills no confidence that a Class Warrior is at all qualified to understand the SPENDING mess and the UNCERTAINTY mess that our economic system is in..
Emote all you want. But the FACTS don't support what you parrot.
The LARGER picture...
CBO’s Long-Term Budget Outlook
Here is the 'rub'...We are on
The Extended-Baseline Scenario trajectory 'Obama, Pelosi and Reid and the radicals' put us on. If Congress does nothing the Extended-Baseline Scenario is already in place.
IF the Bush tax cuts don't expire and the AHA is not fully implemented or repealed the
The Alternative Fiscal Scenario is the trajectory Teapublicans will take us if they gain enough power.
the
CBO lays it out perfectly clear...CRYSTAL.
Federal Debt Held by the Public Under CBO’s Long-Term Budget Scenarios (Percentage of gross domestic product)
The chart shows 2 scenarios. For all practical purposes, you can call the Extended-Baseline Scenario the Democrat scenario and the Alternative Fiscal Scenario the Teapublican scenario.
The Extended-Baseline Scenario adheres closely to current law. Under this scenario, the expiration of the tax cuts enacted since 2001 and most recently extended in 2010, the growing reach of the alternative minimum tax, the tax provisions of the recent health care legislation, and the way in which the tax system interacts with economic growth would result in steadily higher revenues relative to GDP.
The Alternative Fiscal Scenario
The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates several changes to current law that are widely expected to occur or that would modify some provisions of law that might be difficult to sustain for a long period. Most important are the assumptions about revenues: that the tax cuts enacted since 2001 and extended most recently in 2010 will be extended; that the reach of the alternative minimum tax will be restrained to stay close to its historical extent; and that over the longer run, tax law will evolve further so that revenues remain near their historical average of 18 percent of GDP. This scenario also incorporates assumptions that Medicare’s payment rates for physicians will remain at current levels (rather than declining by about a third, as under current law) and that some policies enacted in the March 2010 health care legislation to restrain growth in federal health care spending will not continue in effect after 2021.
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Obama spending binge never happened
Government outlays rising at slowest pace since 1950s
Here are the
facts, according to the official government statistics:
• 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. Check the official numbers at the Office of Management and Budget.
• In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.
• In fiscal 2011, spending rose 4.3% to $3.60 trillion.
• In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.
• Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.
Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.
There has been no huge increase in spending under the current president, despite what you hear.
Why do people think Obama has spent like a drunken sailor? It’s in part because of a fundamental misunderstanding of the federal budget.
What people forget (or never knew) is that the first year of every presidential term starts with a budget approved by the previous administration and Congress. The president only begins to shape the budget in his second year. It takes time to develop a budget and steer it through Congress — especially in these days of congressional gridlock.
The 2009 fiscal year, which Republicans count as part of Obama’s legacy, began four months before Obama moved into the White House. The major spending decisions in the 2009 fiscal year were made by George W. Bush and the previous Congress.
