mal
Diamond Member
- Thread starter
- #41
no ollie, most were not democratic controlled....most in the last decade were republican controlled that overspent. I can show you, via reports from cbo or the gao, if you would like?
The HEAVY Spending has been since the DemocRATS and a Lame Duck (43)...
2006 to 2008 under a DemocRAT Congress was Bad enough...
2008 to today?...
Come on Care, you Know the Numbers.
peace...
democratic first full year fiscal budget was for fiscal year 2008, begining oct 1 2007, their 2nd year was 2009....president bush had a budget turned in to them that forecasted a $1.2 trillion dollar deficit....this was without President Bush's request for fannie and freddie bail outs, without his request for AIG bail outs, without his request for some auto bail outs, without his request for TARP/bank bailouts and without the costs of the iraq and afghanistan wars and some other things that i can't remember....the 2009 spending, which began october 1, 2008 ended up being almost $1.5 trillion deficit, instead of the $1.2 original estimate.
when president bush began his reign, he had a budget deficit of ZERO, actually he started when we had a 200 billion dollar SURPLUS budget and he ended with running a deficit every year, with his last budget deficit hitting $1.5 trillion.
Presiden Obama began with a running budget deficit of $1.5 trillion....that's what was inherited, and his first fiscal budget, begining oct 1 2009 for the fiscal 2010, ends at the end of this month and is estimated to be $1.6 trillion deficit....so, he added to the running deficit he inherited, a little over $100 billion.
and $100 billion is still A LOT to be added to the $1.5 trillion yearly deficit that we were running....but we are collecting $100-200 billion less a year in tax revenues from so many unemployed not contributing to income taxes and adding to our deficit with the extra unemployment compensation that the gvt has to pay out.
He honestly has not been as bad as you all try to twist and turn and spin it in to be.
president bush gets the credit with our recession ending, because he is the one that INSISTED on all the bail outs i listed above...that gave us the $1.5 trillion deficit for fiscal 2009....and apparently, those bail outs that i disagreed with bush on like TARP etc, worked!!! (who would have thunk it?)
"Without his"...
So the DemocRATS who held the Purse Strings have NO Responsibility?... Got it.
peace...