Associated Press Claims Obama “Inherited” His Own Deficit

By way of reporting that the budget deficit so far for 2009 is a record-setting amount larger than any full year’s deficit under the Bush administration, which is news that makes the Obama administration look really bad, the Associated Press attempts to spin the situation by claiming that Obama “inherited” the deficits. Even those he’s created with spending he’s approved as President to date.

The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.
Last month’s deficit, a record for March, was significantly higher than the $150 billion that economists expected.
The deficit already totals $956.8 billion for the first six months of the budget year, also a record for that period. The Obama administration projects the deficit for the entire year will hit $1.75 trillion.
A deficit at that level would nearly quadruple the previous annual record of $454.8 billion set last year. The March deficit was nearly four times the size of the imbalance in the same month last year. …
The administration projects that after hitting $1.75 trillion this year, the gap between spending and tax revenues will dip to $1.17 trillion in 2010, and plunge to $533 billion in 2013. If accurate, that would fulfill Obama’s pledge to cut the deficit he inherited in half by the end of his current term in office.

Let’s remember that the deficit Bush left office with was roughly $400 billion:

image

I don’t know what kind of math the Associated Press is using, but $533 billion is not half of $400 billion.
The only way anyone could claim that Obama has cut a deficit in half is if you include the deficit spending Obama himself created into the equation. But then that leaves us with a situation where Obama runs up a massive deficit, cuts that deficit in half, but then is left with a deficit that’s still more than what he “inherited” from Bush.
Since that doesn’t look at all good for Obama, the media of course spins to make it seem as though the massive deficits Obama is claiming he’ll cut (haven’t seen any evidence of that to date) came from Bush and hope that nobody notices.

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  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    It’s good to see ex-welfare recipients giving back. Good job, Potato.

  • robert108

    There is only one way to reduce a deficit, and that is to cut govt spending. The reason for deficits is govt spending, not insufficient taxation, but lefties lie, and Obama will be justifying tax increases soon, to try to reduce the deficits he has created. His justification for deficit spending is that it "stimulates the economy"(a false proposition), so it would make sense, according to his "logic" to keep increasing the deficit, if it's so good for the economy, right? Why is he trying to reduce the deficit, if deficit spending "stimulates the economy"?
    Of course, when the govt engages in wasteful, unproductive spending of the money confiscated from the achievers in this country, it's bad for the economy.
    Why doesn't Obama know this elementary economic fact?

  • http://SayAnythingBlog.com The_Whistler_ofnd

    The budget approved before Obama went to the Senate was $168 Billion. I believe Obama voted for the budget last year that ballooned it over $400 Billion. He's certainly responsible for this budget because it was only finalized after he was elected.

  • http://ndgoon.blogspot.com/ goon

    The budget approved before Obama went to the Senate was $168 Billion. I believe Obama voted for the budget last year that ballooned it over $400 Billion. He's certainly responsible for this budget because it was only finalized after he was elected.

    Good point Whistler, but this post just cues the Dino2 response of it's all Bush's fault. I wonder when the left will take ownership of their big spending ways and acknowledge that a lot of this mess started right after the 2006 elections?

  • http://ndgoon.blogspot.com/ goon

    lets also not forget that NOBAMA has tripled the national debt.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Deficit.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Deficits are from the cumulative effect of revenue cuts and spending increases. If Obama would have been handed the surplus bush was handed and ended up with a deficit, you might have a point. But he wasn't.

    Obama was handed revenue (tax) cuts, spending obligations and the second worst recession in a century. And he hasn't passed a budget yet. About the only contribution to the deficit you could hang on him would be the $700 billion in stimulus. But you knew that.

    Now, if we could have reset things back, say, force anyone who voted republican to give up their wealth, services, SS, Medicare, etc, take back all the tax cuts, put rates back where they were, all in an attempt to restore us back to where it was in 2000, your criticism might have a basis. Personally, that's what I'd do. Make the republicans pay it all back including the money spent on Iraq. Of course that wouldn't get us back to where bush found it but it would be a start and a satisfying punishment for the republican slugs.

    80% of people think you're wrong. That makes you the fringe element. Congratulations.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    In 2007 the government received 2.568 Trillion dollars in revenue compared to 2.025 Trillion in 2000. (That was the high point under Clinton.)

    The problem is that the government spends faster than we can earn it.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    I saw that fathead Jeb Bush on Hannity last night. He was whining about Obama "looking back", blaming the last president for the problems of today. (Though it was only a few months ago.) Said it wasn't good leadership to do that.

    In the next breath he's defending his idiot brother, saying that bush inherited a recession from Clinton! I remember that, bush whining in his early days about the "recession" he inherited and how the onyl way to fix it would be to cut taxes for the rich and send everybody a small stimulus check. Recession? it wasn't even noticeable. Compared to what we're experiencing after bush, it was an economic paradise.

    I also noticed that FOX is promoting the tea bagger/fascist rallies like they were a NASCAR event. I hope they realize that they've lost any credibility as a legitimate new source by being the mouthpiece for partisan extremists. Not that they had much before. Seems that they've dropped all pretense of being anything approaching fair & balanced.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Revenue always increases as the economy grows due to population, etc.

    It grew faster when Clinton raised taxes.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Recession? it wasn't even noticeable. Compared to what we're experiencing after bush, it was an economic paradise.

    I see Dino's finally understood that the solution to economic downturns is tax cuts versus the anti-free enterprise grab bag we're getting with the Obama "recovery" plan.

    Welcome aboard Dino.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    It grew faster when Clinton raised taxes.

    Even if true, we don't exist to fund the government. We make more money to make our own lives better rather than employ a bunch of parasites in the government.

    However you'll see that revenues really took off when Clinton signed the lower capital gains tax rates. That makes investments more mobile because you take less of a hit when you change to a more effective investment. Also because capital is going where it's better utilized the economy as a whole increases.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Even if true, we don't exist to fund the government.

    Someone has to pay for the services and resources the government provides. 21% goes to support the defense you love so much and the debt on your beloved wars.

    The problem is that you're simply deadbeats who don't want to pay your bills. I know you resent the electric company for making you pay for that too. You think everything should be free.

    Much of your frustration is somewhat understandable but brought on by your own ignorance. As taxes for the rich and the corporate have dropped dramatically, yours have probably risen if you're middle class. But see, you voted for that. Now you're stuck with the bill.

  • sayanything-2819

    As I understand the reasoning behind this whole "inherited" meme, it is this….This is all the money that Bush should have spent over the last eight years on programs the country really needs. Instead, the evil Bush spent up all the money on wars that benefited him and his oil cronies while forcing the American people to suffer.

    So, you'll notice how none of the liberals are whining anymore about the nonexistent sacrifices of the Americans.

  • http://ndgoon.blogspot.com/ goon

    I also noticed that FOX is promoting the tea bagger/fascist rallies like they were a NASCAR event. I hope they realize that they've lost any credibility as a legitimate new source by being the mouthpiece for partisan extremists. Not that they had much before. Seems that they've dropped all pretense of being anything approaching fair & balanced.

    This is why the DNC is going to lose seat and possibly their majorities, it's elitest attitudes like this. If anyone is being Facist it's the Dems.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    21% goes to support the defense you love so much

    Only 21% huh.

    LMAO!

  • Spartacus

    21% goes to support the defense you love so much

    I'd like to see the percentage spent on defense be much higher. It could be achieved easily if we'd just stop with all the useless social programs aimed at rewarding irresponsible behavior. And breaking the AFL-CIO grip on jobs at the various agencies in and around D.C., start firing those that don't perform and redistribute the wealth of work to those that do perform.

  • sc

    Dino: What we need is more democrats like Dorgan, Conrad, & Pomroy (North Dakota Dems) to bring home to North Dakota more money for our mostly well-off (I didn't say all) farmers? Do you blame the conservatives for this too?

  • tothestars2

    Even though dino reverts to childish use of adjectives such as "fathead" and "idiot" when describing our elected officials, I have to say I am excited to learn that it watches foxnews. There may be hope for this one yet.

  • http://ndgoon.blogspot.com/ goon

    Only 21% huh.
    LMAO!

    Do we even spend that much money on defense? That seems awful low I would like to see it at 30%. .

  • http://ndgoon.blogspot.com/ goon

    I'd like to see the percentage spent on defense be much higher. It could be achieved easily if we'd just stop with all the useless social programs aimed at rewarding irresponsible behavior. And breaking the AFL-CIO grip on jobs at the various agencies in and around D.C., start firing those that don't perform and redistribute the wealth of work to those that do perform.

    I like your line of thinking.

  • Jeff

    Is depression here or not? not very clear. But if you look at the past history recessions and depressions come and go. (see for instance, http://www.recessioninfocenter.com
    Economies go through cycles and recession is part of the cycle. Too much government interference can backfire and it seems like that's what the governmetn is doing now

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    This is why the DNC is going to lose seat and possibly their majorities, it's elitest attitudes like this.

    Really? So what lost it for the republicans? A Lack of white trash thinkers? Sure are plenty here on SAB!

  • sayanything-5371

    A Lack of white trash thinkers? Sure are plenty here on SAB!

    Yeah, and you can't stay away can you, queer? Aren't you the idiot that said that KKK Byrd only went to one KKK meeting? He was a recruiter, started his own chapter and was a Kleagle you lying piece of perverted shit.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Did he renounce his past? Yes. Is he still in the KKK? No. His past involvement with the KKK is more complicated than conservatives would like us to think. Things often are but cons like to harp on things in black & white. No pun intended.

    I could just as easily point out the links between the bush patriarch and Hitler. In fact, there were many upper class WASPs in this country who were Nazi-sympathizers. Do you think they'd still be that way now? Doubt it.

    Things were different then. I'd bet if you were living in the south in the 1940s you would have signed up, too. Most conservatives would have. Unless you're going to tell me that the KKK is full of Clinton/Kerry/Obama voters.

    You people act like you discovered tolerance once we liberals force it on you. You hate queers and have made things difficult for us but the cons of the future will be calling us their best friends. Conservatives try and claim to have led the fight when it was them we've been fighting no matter what group it was seeking rights. That's what makes it so disingenuous for a conservative to be pointing fingers.

    There's lots of politicians who are anti-gay or at least anti-gay marriage. People like Schumer. But now he's come out in support of gay marriage. See how people change? You could too. But that would involve abandoning your ignorance.

  • http://suitepotato.blogspot.com/ sayanything-4808

    Dino:

    The problem is that you're simply deadbeats who don't want to pay your bills.

    Said the public dole deadbeat to the working tax paying conservatives.

    We pay our bills Dino. Mortgages, medical insurance, auto payments, property and income taxes, WE PAY FOR EVERYTHING. YOU PAY FOR NOTHING.

    Not only are we taxed for a system that goes beyond helping people to making them utterly dependent, we are also the majority of charity paid out of pocket, while you have never in your life felt the emotion known as charity.

    While I've given the food off my table to others, you would gladly give someone else's blood, but not a single speck of your own holdings.

    Like I said Dino, you're deranged. Find a window in a tall building, leap out, feel the wind in your face.

  • sayanything-5371

    dino, whenever you get caught in a lie you try to nuance and spin your way out of it. You are a lying asshole.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    I went and researched his past in the KKK and found out it was more extensive than I had first heard. See, that's what intelligent people do. They research their beliefs when challenged and get educated.

    Why don't you try it?

    I'm not afraid to admit when I'm wrong. But it still wasn't as you presented it. Not by a long shot.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Well yeah, potato, we know you got yours. Welfare, unemployment. You just don't want anyone else helped.

    And you're deluded into thinking you carry everyone's load. Such a burden! But I thought the rich paid all the taxes?

    While I've given the food off my table to others

    Come on, potato, you'd shit on your excess food rather than share it.

  • robert108

    The problem is that you're simply deadbeats who don't want to pay your bills.

    Actually, we're tired of paying the bills for you Dem deadbeats, little dinostem.

    Come on, potato, you'd shit on your excess food rather than share it.

    Typical leftie projection.

  • Mickey

    I'm not afraid to admit when I'm wrong.

    HAHAHAHAHAHA

    Funny stuff

  • carrick

    This is the exact truth:

    He was a recruiter, started his own chapter and was a Kleagle .

    To be specific he recruited 150 people into the Klan, before moving on to better things like opposing civil rights.

    DIno's response?

    I'm not afraid to admit when I'm wrong. But it still wasn't as you presented it. Not by a long shot.

    LOL which part, you cowardly liar?

    It was exactly as he stated, even worse.

  • robert108

    Did he renounce his past? Yes.

    No; he's still a member of the Party of slavery and segregation: The Dems.

  • http://suitepotato.blogspot.com/ sayanything-4808

    No, Dino, I give to charity, and have given food off my table, freshly cooked as well as still packaged for food drives and to help people. A concept entirely alien to you.

    While you're slime, that's nothing that you couldn't cure with a strong beam, a good rope, and a chair. Go for it.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Reagan was a democrat, quite liberal and head of a union. Things change.

    There's a reason the south abandoned the democrats and embraced the republicans. Civil Rights. Nixon made good use of that with his "southern strategy".

    Can I expect the conservatives to soon to be claiming to have always supported gay rights? Probably!

  • sayanything-5371

    Can I expect the conservatives to soon to be claiming to have always supported gay rights? Probably!

    Don't count on it. Equating the Civil Rights Movement to your "Struggle" to have a right to be a pervert is a joke and an insult to blacks. Ever wonder why they voted against prop. 8 in California, idiot?

  • robert108

    Reagan was a democrat, quite liberal and head of a union.

    Until he wised up. You should be so wise, little dinostem.

    There's a reason the south abandoned the democrats and embraced the republicans.

    The South got tired of being run by slavers and segregationists, that's why.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    That's what I mean. In 20-30 years the conservatives of that time will be claiming to have always been supportive of gay rights. Conservatives fought all other groups seeking equality and then when it was achieved the cons claiimed it was their idea.

    Mark my words. That's exactly how it will shake out. Conservatives never come up with progressive ideas, they jump on the train late and claim to have been driving the whole time.

  • http://suitepotato.blogspot.com/ sayanything-4808

    Right about now Dino, I'd even pay for the rope and chair for you.

    Say, when was the last time you did one single good thing for anyone? Really, when was the last time you did anything positive? I'm going to say never though I'm going out on a limb… strictly to tie the rope for you.

  • Mother Nature

    That's what I mean. In 20-30 years the conservatives of that time will be claiming to have always been supportive of gay rights. Conservatives fought all other groups seeking equality and then when it was achieved the cons claiimed it was their idea.

    Too bad you would have fallen victim to the AIDS virus by then. Sodomy never pays.

  • http://ndgoon.blogspot.com/ goon

    That's what I mean. In 20-30 years the conservatives of that time will be claiming to have always been supportive of gay rights. Conservatives fought all other groups seeking equality and then when it was achieved the cons claimed it was their idea.

    Doubtful.

  • http://sayanythingblog.com/ likwidshoe

    It's the "new math" made up by the "reality based" fascists who hate America. People like this:

    No, seriously, I HATE this country and think it should disappear. No more united states. It's the cause of most of the world's problems. It's like a cancer.

    Just split it up and let it lose its power. Done. Finished.

    DINO on January 13, 2009

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Potato, your hostility is misplaced this evening. Don't blame me for your painful, guilt-provoking past.

    If you were as thoughtful and generous as you say you are you wouldn't be a conservative. A conservative's biggest fear is that someone is getting a penny of the tax they pay for food or shelter. It's a near-obsession for conservatives. I've talked to them. It consumes them. Despite facts to the contrary, conservatives always think that 99% of the tax they pay goes to lazy people who won't work. It's weird, irrational, something you can't convince them is not true.

    But yet when a conservative gets into a jam they scream for help. I've honestly seen this countless times. A conservative has a handicapped child and screams for more government help (Palin) for the handicapped. A con I'm acquainted with has a daughter with enormous health bills due to an obscure disease and is now supportive of government run universal health care. A con woman who worked for me had a grandfather who needed nursing home care. Instead of spending his money they hid it and put him in on Medicaid after making him "poor". A welfare-hating young reganite from my youth comes down with "chronic fatigue syndrome" and goes on disability. A con co-worker who complained non-stop about "welfare" is forced from his home due to flooding and stands in line for food and diapers from the govt despite not being needy. Another well-to-do acquaintance's mother needed nursing home care. Yep, he hid her money and got Medicaid to pay for it. A woman tells her story on NPR. her son has a disease where he can't eat and has to be fed through a tube in his stomach. The scholl builds him a special room. She says that her libertarian past would have caused her to object but since it's her son she saw the light.

    I can go on and on and on and on with stories like that. Conservatives who complain about contributing to the collective but somehow see the light when in need. Luckily few of us ever gets in a needy position. That's why it's so easy for cons to object to helping others. That is, until they are in a jam.

  • http://insanereindeer.blogspot.com/ Kenny

    That's what I mean. In 20-30 years the conservatives of that time will be claiming to have always been supportive of gay rights. Conservatives fought all other groups seeking equality and then when it was achieved the cons claiimed it was their idea.

    Kinda like the liberals are doing now with black rights? Seeing as the Democrat party fought tooth and nail to oppose them?

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Doubtful.

    Watch. The republican leader of 2040 will have a gay running mate. LOL

    Shoe buddy, ya need some new material. Maybe you can explain why someone whose life was basically paid for by the fedeal government is so anti-government?

  • Mother Nature

    Dino's just in favor of socialized medicine because AZT is so expensive. That's the price you pay for sticking it in other guys' asses.

  • sayanything-5371

    Are you cutting and pasting, dino? I've seen this bullshit rant before.

    But yet when a conservative gets into a jam they scream for help. I've honestly seen this countless times. A conservative has a handicapped child and screams for more government help (Palin) for the handicapped. A con I'm acquainted with has a daughter with enormous health bills due to an obscure disease and is now supportive of government run universal health care. A con woman who worked for me had a grandfather who needed nursing home care. Instead of spending his money they hid it and put him in on Medicaid after making him "poor". A welfare-hating young reganite from my youth comes down with "chronic fatigue syndrome" and goes on disability. A con co-worker who complained non-stop about "welfare" is forced from his home due to flooding and stands in line for food and diapers from the govt despite not being needy. Another well-to-do acquaintance's mother needed nursing home care. Yep, he hid her money and got Medicaid to pay for it. A woman tells her story on NPR. her son has a disease where he can't eat and has to be fed through a tube in his stomach. The scholl builds him a special room. She says that her libertarian past would have caused her to object but since it's her son she saw the light.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Kinda like the liberals are doing now with black rights? Seeing as the Democrat party fought tooth and nail to oppose them?

    No like the conservatives are doing.

    You mix liberal and democrat, conservative and republican. The labels aren't accurate or interchangeable. Democrats ejected their racists during the civil rights era when northeastern republicans joined forces to grant blacks rights. The republicans, desperate for a date, accepted the racists with open arms. Meanwhile, the northeastern republicans are all democrats now.

    That's why the republican party is now more conservative with its epicenter in the south. All the normal, moderate republicans have become conservative democrats.

    That's the story unless you want me to believe that the racist element and the new KKK are raving lunatic liberals or even democrats. Yes, there are probably some exceptions but generally, the racists are firmly behind the cons and republicans.

  • http://insanereindeer.blogspot.com/ Kenny

    Rob's graph is also misleading, as I've repeatedly pointed out that we had no budget surpluss under Clinton:
    http://www.craigsteiner.us/articles/16

    And it (absentmindedly) gives Clinton credit, where it's not due:
    http://findarticles.com/p/articles/mi_m1282/is_n1…

    Both ridiculous and wrong.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    Are you cutting and pasting, dino? I've seen this bullshit rant before.

    All new but may have been told before. Good that you remember. All true by the way. Good examples of conservative hypocrisy. I'm sure there are examples from your life. Or there will be.

    Mother Nature, glad I could give you the gay thing to play with. It keeps the dullards on the blog amused for hours.

  • http://Array Mother Nature

    Mother Nature, glad I could give you the gay thing to play with.

    Thanks – enjoy the T-cells I gave you to play with.

  • http://insanereindeer.blogspot.com/ Kenny

    No like the conservatives are doing.
    You mix liberal and democrat, conservative and republican. The labels aren't accurate or interchangeable. Democrats ejected their racists during the civil rights era when northeastern republicans joined forces to grant blacks rights. The republicans, desperate for a date, accepted the racists with open arms. Meanwhile, the northeastern republicans are all democrats now.

    That lie keeps getting replayed, but it has no truth in it. With the exception of Strom Thurmond, every single Dixiecrat rejoined the Democrat party. Bull Conner remained a lifelong Dem. And the only US Senator who was a KKK Kleagle is Mr. "Everyone Needs Air" Byrd. Al Gore's father was one of the biggest opponents of the civil rights bill. Far from "ejecting" their racists, many of them are STILL in the party: Byrd and Kennedy both come to mind.

    The lie that all the racists flocked to the Republican party doesn't even pass the smell test. But it's a useful lie, I suppose, if all one wants to do is villify the Republicans while exonerating the Democrats. But one has to be either extremely stupid, or willfully ignorant to believe it.

  • http://sayanythingblog.com/ likwidshoe

    Dino2 – Shoe buddy, ya need some new material. Maybe you can explain why someone whose life was basically paid for by the fedeal government is so anti-government?

    Stop lying about me you silly piece of shit.

  • sayanything-5371

    Good examples of conservative hypocrisy. I'm sure there are examples from your life. Or there will be.

    Not a chance. I'm conservative in all ways and put away plenty for future needs. I'm not a stingy shit, either. Cons like me believe in a hand up, not a handout. I'll bet my wife and I give more to help those in need in a year than you do in your lifetime. Hell, I catch more fish and get more game than we can eat. I give fish and meat away enough to feed several families. What do you give? Just hate.

  • http://sayanythingblog.com/entry/america_is_back/#c397018 Dino2

    The lie that all the racists flocked to the Republican party doesn't even pass the smell test.

    Explain Nixon's "southern strategy."

    Stop lying about me you silly piece of shit.

    Truth hurts.

    I'm conservative in all ways and put away plenty for future needs.

    Who pays your aged relative's health care? Were you hatched? In five minutes of questions I could identify multiple ways you take from and depend on the collective society. Just ask Potato.

    The future could also be very different than you imagine.

  • sayanything-5371

    Who pays your aged relative's health care?

    I built a guest house on my property and my father lived there until he died. So,I guess I paid, although I didn't look at it that way. My wife's people are hispanic and believe in caring for family, no matter what. Its what we do. We believe in the sanctity of life and not the power of the nanny state.

  • Spartacus

    Dino's just in favor of socialized medicine because AZT is so expensive. That's the price you pay for sticking it in other guys' asses.

    Mother Nature, you give Dino far too much credit. My bet is on him being the one taking it up the old poop chute in his relationships. It would also explain his concern for pirates.

  • sayanything-2407

    Someone has to pay for the services and resources the government provides.

    There is the crux of it.

    This administration is spending MORE than what they are able to pay.

    Sercies and resources, government spending, government pet projects and earmarks are not what this economy need at this time.

    Growing the government should never be the solution. Government should be there, I agree, but in LIMITED ways. How it is now is intrusive into all walks of life.
    This is not how government is suppose to be.

  • Mickey

    Expect taxes to rise in proportion to the Dali-Bama's defict growth.

    GDP is projected to be low for several years, unemployment is also expected to be high for several years. That leaves taxes the only outlet left to erase this administrations deficit.

    Thank God the Obama's are not effected by this. That would be a tragedy if they had to make a sacrafice of some kind.

  • MikeAdamson

    Dino2

    You mix liberal and democrat, conservative and republican. The labels aren't accurate or interchangeable.

    An important point to remember when thinking about American political alignment. The racist who voted Democrat before the Civil Rights Act now votes Republican, assuming he votes and doesn't support his local Raving Loony Party of course. That doesn't make the Republican party racist, just a popular voting option for racists.

    Rob

    The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.

    Let's remember that the deficit Bush left office with was roughly $400 billion:

    The administration projects that after hitting $1.75 trillion this year, the gap between spending and tax revenues will dip to $1.17 trillion in 2010, and plunge to $533 billion in 2013. If accurate, that would fulfill Obama's pledge to cut the deficit he inherited in half by the end of his current term in office.

    How does one determine what the deficit was when Bush left office? Given that the fiscal year ends March 31, is Bush tagged with 3/4 of the current year or does he get the full year or anything in the year that results from his actions while Obama gets the results from his actions?

    I'm honestly curious although I have to say that I have trouble reconciling the $400B figure when Bush leaves per USA Today with the almost $1T figure as of September 08 per Treasury.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    The racist who voted Democrat before the Civil Rights Act now votes Republican,

    That's so much bullshit. The Republicans went to the mattresses to pass the civil rights act.

    There's no room for racists in the Republican party. The true racists are still in the Democrats.

    Of course the Democrats cover that up by accusing the Republicans of being what they are.

    As far as the deficit, it was $162 Billion when Republicans controlled the Congress and the white house.

    Once again the Democrats blame the Republicans for their own actions when they got it up over $400 Billion in 2008 and it'll probably be a two trillion dollar deficit now that the Democrats wrote the whole thing. (Congress never sent Bush the budget for 2009. The Democrats just passed it with no support.)

    Mike I know you're Canadian, but you should be paying closer attention.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    And by paying attention I mean paying attention to someone other than the hater Keith Olbermann.

  • sayanything-5371

    There's no room for racists in the Republican party. The true racists are still in the Democrats.

    This is true. The "Great Society" and the 40 plus years of generational welfare it created is the most racist government policy in history. This policy has effectively created a dependant class of people who vote for the promise of a handout. These people are required to stay poor to qualify for welfare and public housing. Its nothing more than institutionalized slavery and it was invented by the democratic party so the could have a dependant and dependable voter block.

  • http://proof-proofpositive.blogspot.com/ proof_positive

    The racist who voted Democrat before the Civil Rights Act now votes Republican

    Sorry! But the evidence here is that the folks who exhibit racism and use racist slurs are all liberals who voted for Obama!
    Do I need to name names?

  • robert108

    …Obama gets the results from his actions?

    If only! Obama's actions, stretching back to his nomination, have cast a chill on the achievement portion of our economy, with his threats of takeovers, restrictions and tax penalties for earning "too much" money. Since his election and inauguration, those threats to our prosperity have increased exponentially, resulting the a record destruction of American wealth, while the promised debt has spiraled out of control. IF we really held Obama responsible for the results of his actions, we would be seriously considering impeachment for malfeasance in Office, not even considering his destructive foreign policy blunders and his renewed obstruction of domestic energy development, which has jacked up the price of oil to $52+/bbl, from the Bush low of $33+/bbl. We are now paying significantly more for fuel under Obama, which hampers economic recovery.

  • MikeAdamson

    TW

    The Republicans went to the mattresses to pass the civil rights act.

    That's true but I'm talking about the voter and not the politician. If you look at electoral results back to the sixties you will see a marked change in voting preference in those states where race was a major issue. That doesn't mean that everyone in those states is a racist, nor does it mean that the GOP is a racist party, nor does it mean that Republican support is a vote for racism, nor does it mean that any voter who has switched from Democratic to Republican has done/does so for reasons of race. I'm talking broad strokes here but the evidence is compelling.

    As far as the deficit, it was $162 Billion when Republicans controlled the Congress and the white house.

    I agree that hanging a deficit completely on any President without taking Congress into account doesn't reflect reality but I was simply responding to the original post's contentions and conclusions. I don't think that means I'm not paying attention, I'm just questioning some of Rob's points as offered.

    Proof

    But the evidence here is that the folks who exhibit racism and use racist slurs are all liberals who voted for Obama!

    You could name names but then I could probably find examples of racist slurs uttered by conservatives who didn't support Obama and that doesn't sound like a productive process to me.

  • robert108

    That doesn't mean that everyone in those states is a racist, nor does it mean that the GOP is a racist party, nor does it mean that Republican support is a vote for racism, nor does it mean that any voter who has switched from Democratic to Republican has done/does so for reasons of race.

    I'm talking broad strokes here but the evidence is compelling.

    You contradicted yourself here, Mike. The fact is that the Dem Party is the repository of racism and race-based politics here in the US; the Dems supported slavery, segregation, and now they can't survive without playing the race card, over and over again.

  • sayanything-5371

    robert108, you are wasting your time arguing with these liberals. They are irrational and hate the south because it is conservative. Everything they say about the south is just spin a and conjecture.

  • http://sayanythingblog.com/readers/author/sparkiearbuckle sayanything-81

    Ah, the south. Democrat stronghold of yesteryear until all the racists started voting GOP in the early sixties.

  • sayanything-5371

    Ah, the south.

    Thanks for confirming that NE idiot libs hate the south because it is conservative, carbuncle.

  • http://sillytroll.com/ Dino2

    RepubliCONS were largely silent during the Civil Rights debate, prefering to sit back and watch the dems destroy each other.

    Then when it looked like a compromise was at hand the republicans balked, expressing reservations because they felt the Act would forc employers to hire blacks. HELLO! That was one of the purposes of the Act, nondiscrimination in employment.

    Do your research and you will find that republicans did not go "to the mat" for civil rights. Conservatives NEVER support the underdog. The only people they go to the mat for is the rich and the powerful and they use the mat to kneel on while they tongue-bathe their private parts.

    I swear, in 30 or 40 years when being anti-gay is seen as a bad thing, the cons of that time will be claiming to have "gone to the mat" for the homos.

    Since it wasn't that long ago, does anybody remember the conservatives supporting womens' right to equality?

    I don't. I remember them warning that giving women equal rights would lead to co-ed bathrooms.

  • 2Hotel9

    Republicans are the reason the Civil Rights Amendment ever existed.

  • http://sayanythingblog.com/readers/author/sparkiearbuckle sayanything-81

    Thanks for confirming that NE idiot libs hate the south because it is conservative, carbuncle.

    My wife is from Miami. I love it. Tons of vicious capitalists down there. NB: Clinton is not from Miami.

  • http://SayAnythingBlog.com The_Whistler_ofnd

    Liar, Republicans supported while Democrats like Algre sr filibustered it.

  • carrick

    Last I checked something like 80% of the Republicans supported the CRA. Unless somebody's rewritten history since then, it required the Republicans to gain cloture in the Senate.

    Keep chattering Dino. Don't like dirty little things like truth get between you and your tasty hate sandwich.

    Sparkie:

    Democrat stronghold of yesteryear until all the racists started voting GOP in the early sixtes

    You and Buzz the Democrat should hang out more often.

    I'm sure you'd have plenty of racist republican stories to share with each other.

    No irony in that at all.

    "Sparkie has a clear grasp of the subject, as usual. Pwned by Sparks." — Buzz

    [Thanks to Proof for the corrected source of that utterance.]

  • http://proof-proofpositive.blogspot.com/ proof_positive

    Democrat stronghold of yesteryear until all the racists started voting GOP in the early sixties.

    Yup! Racist Republicans like Al Gore Sr.! /sarcasm

  • http://sayanythingblog.com robport

    Last I checked something like 80% of the Republicans supported the CRA.

    Heh. I saw that on the recent comments and thought you were talking about the community reinvestment act.

  • nilllli

    dino potato
    shut up

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