AND, it rose even
faster and
higher under Obama.
That's your yardstick? That's what it means to be a "conservative" in America these days? Really?
And for the record, the FY09 budget - the one with the $1.4 trillion deficit - was the last budget passed under the Bush.
uhm, which year are you referring to?2009?if the bailouts etc are added, yea, but then some here say that that had to be done......and that last budget that had bushs fingerprints on was passed in April of 2009. from that date to Janurary of this year 2012, we spent $9.4 trillion, adding $4.1 trillion in debt.
here-
updated 2/3/2008 6:08:35 PM ET
WASHINGTON — In the nation's first-ever $3 trillion budget proposal, President Bush seeks to seal his legacy of promoting a strong defense to fight terrorism and tax cuts to spur the economy. Democrats, who control Congress, are pledging fierce opposition to Bush's final spending plan — perhaps even until the next president takes office.
The 2009 spending plan sent to Congress on Monday will project huge budget deficits, around $400 billion for this year and next and more than double the 2007 deficit of $163 billion. But even those estimates could prove too low given the rapidly weakening economy and the total costs of the wars in Iraq and Afghanistan, which Bush does not include in his request for the budget year beginning Oct. 1.
Bush's budget proposal is biggest - politics | NBC News
further-
Economic Issues Facing the New President and Congress
- January 2009
Unfinished Business from the last Congress:
As has become standard practice, the 111th Congress convened in January 2009 facing the unfinished spending business of the preceding Congress. Although statute requires that the Congress adopt a budget resolution by mid-April of each year, and complete action on each of the individual appropriation bills by the end of the fiscal year on September 30th, they have not met these statutory obligations in years.
Congress did pass a budget resolution in 2008, but in an ironic admission of how broken the system is, the Chairmen of the House and Senate Budget Committees each boasted that it was the first time since 2000 that Congress had succeeded in adopting a budget in an election year – and even in this case they acted almost two months after the statutory deadline.
While passage of the Congressional Budget theoretically set the spending limits that the appropriators were to use in writing their spending bills, the appropriators were not as successful as the Budget Committee in getting their work done. While Congress has passed all of the appropriations bills on time only three times since 1948, 2008 was notable for its complete failure – Congress did not pass a single appropriations bill (at least the previous Congress has managed to complete action on one bill, funding the Defense Department).
Failing to enact the individual spending bills, Congress instead combined three security-related bills into a single appropriations measure, packaged that bill with a “continuing resolution” funding the rest of government through March 6, 2009, and punted the whole problem to the 111th Congress. So the new Congress will have to complete action this year on last year’s appropriations bills -- almost half-way through the fiscal year – even as they are confronted by unprecedented financial crises in the new year.
Challenges for 2009:
The struggling economy will obviously consume most of the time and energy of the new Administration and Congress at least in the beginning of the year. The President is required by law to submit a proposed Budget to Congress on the first Monday in February. Although it has been traditional after presidential elections for the outgoing president to submit a budget to Congress before leaving office and for the incoming president to revise that budget, President Bush announced after the election that he would not submit a budget for Fiscal Year 2010, allowing President Obama to propose his own spending priorities to the new Congress.
Economic Issues Facing the New President and Congress - NAW News
