Oh please...even before sequestration the deficit was falling at the fastest pace since after ww2 and the federal budget has been virtually flat for the past 4 years now. It's expected that the deficit will go all the way down to the ~450 billion range next year and maybe even lower.
This GOP-driven ideology of Obama as this crazy spender are based on NOTHING other then the spending for financial crisis and loss of tax revenue from the reccession all of which happened before he was in office. It's total crap!
a defict that Obama and the democratic party created
in 2007 the defict was 162 billion
the last GOP budget
in 2009 it was 1.4+ trillion
spending went from 2.7 to 3.5 in 24 months
now your calling that a decrease?
like calling job creation when job numbers are still far below 2008 levels
where not even back to 0 yet
Private Jobs Down 4.6 Million From January 2008; Federal Jobs Up 11.4%
Umm..no? The deficit from oct 2006 to oct 2007 was 505 billion. And that was "before the financial crisis"
It's just simple fact...every year Bush was in office...deficit went up...every year Obama was in Office...deficit went down (excluding his first year which he had no control over)
edit - sorry my bad...there actually was one year the deficit went slightly down under Bush. But that doesn't change the overall picture.
really?
Submitted by
George W. Bush
Submitted to
109th Congress
Total revenue
$2.57 trillion
Total expenditures
$2.73 trillion
Deficit
$161 billion
Debt
8.95 trillion
Website
http://www.cbo.gov/doc.cfm?index=10014 Congressional Budget Office
2007 United States federal budget - Wikipedia, the free encyclopedia
There is a huge difference in debt and defict
I was in-correct
the last GOP budget was in the red 161 billion, not 163
One other item
The 2009 budget Obama signed into law
Obama signs massive, 'imperfect' spending bill
http://www.nbcnews.com/id/29632177/.../obama-signs-massive-imperfect-spending-bill/
do you think the 1 trillion dollar stimulus was signed BY GWB also?
http://online.wsj.com/article/SB123487951033799545.html
President Barack Obama signed his $787 billion economic stimulus package into law Tuesday, with an upbeat speech emphasizing the road to recovery.
lets do not forget the tarp he ask for and got also, close to 50 billio of that we never got back
this is why I use the term 1 trillion dollars timulus, not 787
Before inauguration. Senator Obama voted for the budgets he would later blame on Bush, and for the TARP bailout. After just two months of TARP, the Bush administration said it was done -- crisis averted. In fact, President Bush was done after using about $270 billion of the $350 B that was authorized by Congress. But as a courtesy to the incoming president, Bush would request the second $350B from Congress if President-Elect Obama asked for it.
President-Elect Obama asked for it, and he got it. Tim Geithner, who could not do his own taxes and who, as a regulator, did nothing about the Libor scandal, would have all $700B to play with.
We usually call TARP a "bank bailout," but the banks are paying back every cent lent to them. In fact, the part of TARP that went to banks is expected to return $3B to taxpayers. And most of that was paid back quickly. The "cost" of the "bank bailout" was less than zero!
The real bailouts. When the dust clears, the CBO expects TARP to cost taxpayers $32B. Who got that money if banks didn't? General Motors, Chrysler, and "mortgage programs." But GM and Chrysler went bankrupt anyway.
The U.S. auto industry was not "saved." Going bankrupt does not have to mean going out of business. See, for example, Delta Airlines. It went bankrupt in the usual, lawful way and is operating today. On the other hand, GM could be heading into bankruptcy again, post-bailout. Oh, and since the bailout, "GM has increased its manufacturing capacity in China by 55 percent."
Read more:
http://www.americanthinker.com/2012/09/why_blame_obama.html#ixzz2g7DkNjO0
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you need to do your DD on these matters
