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I am a grumpy old man, to keep my blood flowing, I often listen to Sean
Hannity. Sean always mentions Obamas promise to cut the deficit in half.
That always gets my blood boiling.
Didn't brain-dead Reagan promise a balanced budget by 1984?
On the day of the second presidential debate, media ***** Tom Brokaw
said Obama will have to answer for his trillion dollar deficits.
Lets see what caused these deficits.
Like Clinton sez, it's only math.
In my 2009 Budget, I have set clear priorities that will help us meet our
Nation’s most pressing needs while addressing the long-term challenges
ahead. With pro-growth policies and spending discipline, we will balance
the budget in 2012, keep the tax burden low, and provide for our national
security. And that will help make our country safer and more prosperous.
Bush also left more than 500 billion dollars in existing deficits.
So Bush slithered back to Texas, leaving Obama stuck with three
and one half trillion dollars in deficits over 4 years.
As can be seen the collapse of the bush supply side scam resulted
in revenues coming in almost three trillion dollars
less than the bush balanced budget projections.
Spending came in about one and one half trillion above the bush balanced
budget projections.
Blame the Irish guy for spending
three trillion dollars that he never got.
For Republicans, Lying is a way of life.
Much of the spending increase was the result of the Bush recession that
lost almost nine million jobs.
The recession caused large increases in Medicaid, Social Security
retirements, food stamps, and Unemployment compensation.
Outside of the stimulus there was very little spending due to
bills passed by Obama.
National Defense:
2008 ---616,073
2012 ---676.687 ___+60.614
Medicaid:
2008 ---247,739
2012 ---364.755 ___+117.016
Medicare:
2008 ---390,758
2012 ---499.284 ___+108.526
Unemployment compensation:
2008 ---45,340
2012 --107.080 ___+61.740
Food and nutrition assistance:
2008 ---60,673
2012 --114.975 ___+54.302
Social Security:
2008 --617,027
2012 --781.172 ___+164.145
Total -----.-------+566.225
The bottom line is when Republicans claim that Obamas spending has totaled five
trillion dollars, THEY ARE LYING. Period.
It,s simple math. Total spending only increased one and a half trillion dollars.
Revenue declined by three trillion dollars.
Obama couldn't spend money that he never got.
The deficit is mostly the result of falling revenue. PERIOD.
The failure of the Bush supply side scam.
pghquest LIES
Thats right, he didnt spend $5T, he spent about $15T..
You're only $10 Off in your babble
As can be seen the collapse of the bush supply side scam resulted
in revenues coming in almost three trillion dollars less
than the bush balanced budget projections.
You lie.
Our President couldn't spend the lost three trillion dollars of tax money.
Cant spend money that you never got?
As to balanced budgets, Obama had control of both house in congress for two years, he could have passed a balanced budget, or passed any budget for that matter.
By contrast, Reagan never had control of both houses of congress.
I am a grumpy old man, to keep my blood flowing, I often listen to Sean
Hannity. Sean always mentions Obamas promise to cut the deficit in half.
That always gets my blood boiling.
Didn't brain-dead Reagan promise a balanced budget by 1984?
On the day of the second presidential debate, media ***** Tom Brokaw
said Obama will have to answer for his trillion dollar deficits.
Lets see what caused these deficits.
Like Clinton sez, it's only math.
Bush also left more than 500 billion dollars in existing deficits.
So Bush slithered back to Texas, leaving Obama stuck with three
and one half trillion dollars in deficits over 4 years.
As can be seen the collapse of the bush supply side scam resulted
in revenues coming in almost three trillion dollars
less than the bush balanced budget projections.
Spending came in about one and one half trillion above the bush balanced
budget projections.
Blame the Irish guy for spending
three trillion dollars that he never got.
For Republicans, Lying is a way of life.
Much of the spending increase was the result of the Bush recession that
lost almost nine million jobs.
The recession caused large increases in Medicaid, Social Security
retirements, food stamps, and Unemployment compensation.
Outside of the stimulus there was very little spending due to
bills passed by Obama.
National Defense:
2008 ---616,073
2012 ---676.687 ___+60.614
Medicaid:
2008 ---247,739
2012 ---364.755 ___+117.016
Medicare:
2008 ---390,758
2012 ---499.284 ___+108.526
Unemployment compensation:
2008 ---45,340
2012 --107.080 ___+61.740
Food and nutrition assistance:
2008 ---60,673
2012 --114.975 ___+54.302
Social Security:
2008 --617,027
2012 --781.172 ___+164.145
Total -----.-------+566.225
The bottom line is when Republicans claim that Obamas spending has totaled five
trillion dollars, THEY ARE LYING. Period.
It,s simple math. Total spending only increased one and a half trillion dollars.
Revenue declined by three trillion dollars.
Obama couldn't spend money that he never got.
The deficit is mostly the result of falling revenue. PERIOD.
The failure of the Bush supply side scam.
For Republicans, Lying is a way of life.
-----Bluecoller, the grumpy old kraut-----
Bush is not president. Still blaming bush because dems will not pass a budget
As to balanced budgets, Obama had control of both house in congress for two years, he could have passed a balanced budget, or passed any budget for that matter.
By contrast, Reagan never had control of both houses of congress.
Why is that the right wing has such an aversion to history and such an inordinate penchant for revising it on a regular basis?
President Obama DID NOT control Congress for Two Years!
According to much of the right wing, the world was created 6000 years ago, but the USA just four years ago. What came before has no bearing on the present whatsoever. Cause and effect is non existent to this crowd.
As usual we have the half the truth by the Repub haters.
You post lots of data. How about posting the agreement Reagan made with the dem Congress where THET promise to cut spending and then didn't. what asurprise, the dmes going back on the word. it is No wonder we don't trust anything they say.
where is the year by year date on the deficit during the Bush years?
When Bush made that statement the deficit had been DECREASING for several years.
A little thing lie housing bubble burst happened which could have happened on the next President's watch.
And let's NOT forget who took control of Congress in 2007. that MIGHT have something to do with the 2008 spending.
Next time post ALL the relevant facts, not just the ones you cherry pick.
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For Republicans, Lying is a way of life.
