Despite Promise To Cut Deficit In Half, Obama Announces Another Budget With Trillion Dollar Deficit

“We cannot simply spend as we please and defer the consequences to the next budget, administration or generation,” said President Obama in 2009 in promising that he would cut the nation’s budget deficit in half by the end of his first term.

The problem is that the last budget under the Bush administration had a deficit of less than $500 billion. Every budget submitted by the President so far has a budget deficit of over $1 trillion, including the budget for FY2012 which is the last year of OBama’s term.

The budget, which will delivered to Congress on Monday, projects the deficit at $1.33 trillion this fiscal year or 8.5 percent of gross domestic product, declining to $901 billion, or 5.5 percent of GDP, in 2013.

Obama pledged in 2009 to have halved the deficit by next year, and his failure to deliver has provided Republicans with ammunition as they seek to deny him a second term by portraying him as old style tax and spend liberal.

“On this issue – the debt – this president has been completely AWOL. Republicans have had to fight tooth and nail for every dime in savings we’ve secured,” Mitch McConnell, the top Republican in the U.S. Senate, said on Thursday.

The spin from the Obama administration? It’s Bush’s fault, of course:

[White House Chief of Staff Jack] Lew, however, argued that Obama’s deficit promise was made before he truly understood the depth of the recession he had inherited from Republican President George W. Bush.

Obama started his term in office pushing the idea that we could spend our way back into prosperity. Well we’ve done the spending, running a deficit of over $1 trillion every year of Obama’s term in office, but the economy is not recovering.

Obama’s biggest accomplishment since taking office is running the budget deficit over $1 trillion for the first time in our nation’s history, and keeping it there for four consecutive years.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    He’s no secret Muslim, he’s a secret republican. 

    • HG

      So you’ll be voting republican in November. 

    • two_amber_lamps

       You’re a secret moron….  ah, nope.  No secret about that!  

      :D :D :D  lololololololol!

  • Bat One

    It should be obvious by now that Obama’s promises aren’t worth the space they take up on the teleprompter, and he knows as much about making an economy work as he does about Mandarin declensions.

    • two_amber_lamps

      But my block commissar best friend told me that Comrade Obama is the smartest president ever…  he must surely speak Mandarin since he’s obviously running this country as if he was running plays from Mao’s Little Red Book!

  • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

    You do know, don’t you rube, that bush kept his wars out of his budgets and President Obama did right by America and put the cost of bush’s wars in the budget, making the real budget in fact larger.

    Was bush’s Medicare Part D included in his budgets?

    • two_amber_lamps

       BUSH!! BUSH!!  BUSH!!! 

      Maybe in Comrade Obama’s next cabinet you can be White House Chief of Staff since you already know how to parrot the party line… 

      “It’s all the Bu$h!tler’s fault!  All hail Comrade Obama!”

    • Bat One

      …Bush kept his wars out of his budgets and President Obama did right by America and put the cost of bush’s wars in the budget

      So how much of Obama’s $1.35 trillion 2013 budget deficit is going to the wars in Iraq and Afghanistan?  Hmmm?

      Besides, your remark is irrelevant.  The war is over.  Obama said so.

      • ellinas1

        Your comment is deceptive. The war is over, but the bills  are due.
        By the way, how is your main man Herman”I have no skeletons in my closet” Cain doing?
        As I recall you were campaigning for him, you said you knew him really well, and you recommended that he be the next president of the USA.
        You said that he would beat Obama.
        As is usual with you, you were wrong yet again. 
        What’s up with that?

        • Bat One

          If my comment was “deceptive” then surely you’ll be able to explain just how much of Obama’s 2013 budget deficit of $1.35 trillion really is allocated to the War.  Right?  Are you simply too cowardly to stick with the subject at hand, or is it the arithmetic that causes problems for you? 

          • ellinas1

            Neither rhetoric nor questions you know I don’t have the answer to, are going to change the fact that you are being deceptive.
            What I do know for sure, is that as you say the war in Iraq is over, and as I said “the bills are due”. Do you dispute that?

            PS:  How is your main man Herman”I have no skeletons in my closet” Cain doing?
            As I recall you were campaigning for him, you said you knew him really well, and you recommended that he be the next president of the USA.
            You said that he would beat Obama.
            As is usual with you, you were wrong yet again. 
            What’s up with that?

          • Bat One

            …as you say the war in Iraq is over, and as I said “the bills are due”

            Which bills?  Look, if you are going to insinuate that the war and “the bills” of that war are in some way responsible for even a portion of Obama’s projected $1.35 trillion budget deficit, then you ought to be able to back up that assertion by explaining which “bills” and how much of Obama’s deficit they amount to.

            So, again, which bills and how much? 

          • ellinas1

            The bills for the war in Iraq that were deferred.
            The bills for Bush’s medication prescription plan.
            Do you deny that we are paying for those now?

            PS:  How is your main man Herman”I have no skeletons in my closet” Cain doing?As I recall you were campaigning for him, you said you knew him really well, and you recommended that he be the next president of the USA.You said that he would beat Obama.As is usual with you, you were wrong yet again. What’s up with that? 

  • SigFan

    The country isn’t completely bankrupt – yet.  But Obama’s working on it, much to the delight of the left. And his blame Bush meme might have worked in his first year, maybe even his second, but the people see right through him now and his lame excuses for his own incompetence won’t protect him anymore.  November is only nine months away, but it can’t get here soon enough.

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