OBAMA AND DEMOCRATS: Fiscal Conservatives

  • Posted by a hidden member.
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    Jun 17, 2012 4:04 PM GMT
    Some interesting stats:

    Before Obama there had never been a deficit anywhere near $1 trillion. The highest previous deficit was $458 billion in 2008.

    The federal deficit for the last budget adopted by a Republican controlled Congress was $161 billion for fiscal year 2007.

    Then came the plague of locusts, er, uh Democrat control of Congress and the Presidency:

    The budget deficits for Obama’s four years were reported in Obama’s own 2013 budget as:

    $1.413 trillion for 2009

    $1.293 trillion for 2010

    $1.300 trillion for 2011

    $1.327 trillion for 2012

    Four years in a row of deficits of $1.3 trillion or more, the highest in world history. Congratulations!

  • jock_1

    Posts: 1477

    Jun 17, 2012 7:48 PM GMT
    Where is the Obama budget?
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    Jun 17, 2012 8:13 PM GMT
    jock_1 saidWhere is the Obama budget?

    You don't happen to mean the Obama budget that ignored the major recommendations of his own debt reduction commission, that was voted down 414-0 in the House and 99-0 in the Senate? Is that the one you mean?

    Democrats claim the House vote wasn't really a vote against the budget, but that argument was debunked in link below. Getting no votes from any Democrat means that the Congressional Democrats and Obama jointly decided not to take his budget proposal seriously.

    Democrats don't like these budget things. The Democrat led Senate has not proposed a budget in 3 years, in violation of the Congressional Budget Act of 1974. Putting out a budget proposal would mean having to either cut entitlements or have the budget scored as increasing the debt. So it was politically more expedient to do nothing but criticize the Ryan budget proposal.

    Puts them in a difficult spot, but they figured it was the best place to be given they want to spend with no accountability whatsoever. But they will be accountable. November 2012 just like November 2010.

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    Jun 17, 2012 10:44 PM GMT
    jock_1 saidWhere is the Obama budget?

    You mean his plan for the death of the USA? Here it is:

    Under the budget policies supported by President Obama and Congressional Democrats, federal spending soars to 30% of GDP by 2027, 40% by 2040, 50% by 2060, and 80% by 2080.

    Obama’s 2013 budget proposes to spend $47 trillion over the next 10 years, the most in world history by far, increasing federal spending by $1.5 trillion above the current CBO baseline.