Obama Is Going To Cut The Budget Deficit By Increasing It

• February 25, 2009

Given what Obama has already done to budget deficits by signing massive amounts of new spending into law during his first weeks in office, his promises to cut the federal deficit down by half come off as a bit…facetious.

The Congressional Budget Office (CBO) says that the federal budget deficit in 2009 was going to be $1.2 trillion before passage of the “stimulus” bill. Now, it’s likely to be closer to $1.4 trillion. President Obama promised in his speech to cut it in half by the end of his term, which others have taken to mean fiscal year 2013 (which would start October 1, 2012). So he is promising a deficit of about $600 billion in 2013, it would seem.
Is this something to boast about? Many commentators have suggested that this will be an impossible goal. But the projections all assume restoration of economic growth and a fading of the financial crisis. If that indeed occurs, CBO sees the deficit falling all on its own to about $260 billion in 2013. (If the economy remains sour for that long, all bets are off, of course.)
In effect, the president is redefining what’s expected to happen in the public’s mind to make his task much easier. He is leaving more room than it appears to accommodate his spending plans.

It takes a special kind of dishonesty to cover up your massive spending plans with smooth talk about “fiscal responsibility.”
What’s more is that if Obama cuts the federal budget deficit down from the roughly $1.4 trillion he’s blown it up to, he’s at about $600 billion as is explained above. Which is significantly more than the $455 billion budget deficit Obama smarmily talked about “inheriting” during his not-quite-a-state-of-the-union address.
So, basically, Obama is promising to cut the budget deficit by increasing it from where Bush had it. The only “cut” in the deficit will be a decrease from the high water mark he’s already set.
Here’s the budget deficits for the last several years:

Even if Obama manages to get the budget deficit down to $600 billion by 2013, it’ll still be the largest deficit we’ve seen since time out of mind.

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http://Array robert108

I fall out of my chair laughing at knobert all the time.

The Fool laughs at what he does not understand.
Mark

Look in the mirror, DINO!
Mickey

Barry’s Ponzi scheme and slight of hand parlor shtick. For his next trick Obama will pull a rabbit out his hat.

It would be so easy to get the economy rolling again. Simply pass a law that cuts interest on dividends in half, down to 7%, and Billions of dollars will flood the market. The tax revenue would double in a year.

But that is too easy.
Mickey

Here is a very good summary of Obamas first address.

Fair and balanced:

FACT CHECK: Obama’s words on home aid ring hollow

Feb 25, 3:15 AM (ET)

By CALVIN WOODWARD and JIM KUHNHENN

http://apnews.myway.com/article/20090225/D96IFSC80.html
robert108

I hope you all go broke and become homeless.

Bitter little dinostem is still clinging to his Marxist fantasies.
robert108

Whatever it is that little dinostem actually does, it’s only worth something due to the capital investment of some conservative entrepreneur. Without capital equipment and raw materials furnished by a conservative, little dinostem’s labor is worthless.
Spartacus

^ well, mostly dem…
robert108

Besides, queer little dinostem faces a radically shortened life expectancy, due to his choice of deviant sexuality. If AIDS doesn’t get him, some other STD will, and a compromised immune system will finish the job. Of course, he could straighten up his act…
Spartacus

^ I think that’s the first time you made me fall out of my chair laughing…I knew you had it in you!!!
dragon poker

I fall out of my chair laughing at knobert all the time.
dragon poker

knobert, its not that I dont understand, it just that you are a buffoon, and buffoons are funny to me. You rile up over just about anything, and thats also funny.
Want to see more old men who think they are badass duking it out? Thats also funny, just like you.
robert108

The deficits are bush’s.

An outright lie; you can furnish no cause and effect reasoning that any Bush economic policy was ever recessionary. In fact, the deficit belongs to Congress, since all spending bills originate in the House. Even though Bush’s tax rate cuts resulted in more revenues to the Treasury, Congress outspent the increased revenue, thus resulting in a deficit.
The doubled deficit under Obama is purely the result of wasteful Dem social spending, since some of the previous deficit went to fighting terrorism, a necessary expense of govt.
sayanything-4625

Fucking idiots. The deficits are bush’s.

I hope you all go broke and become homeless.

You ignored it in the other thread so I’ll bring it here so people can see what happens between the “presidential budget” and the Congressional Budget. To make a long story short the budget is fleshed out by the use of the appropriation bill, also known as an omnibus spending bill.

Here you go Dino, this is an appropriation bill.

http://www.rules.house.gov/111/LegText/omni/jes/divbjes_111_hromni2009_jes.pdf

As you can see this is not the final bill. It is an explanatory bill that allows members of Congress to see how their bill differs from the “presidential budget”. They conveniently strip this all away when they print the bill for the public, its part of their “lets blame the President for the deficit” cover strategy. Here are some of the little gems I dug up…

Public Works.-The bill provides $133,280,000 for Public Works, $126,080,000 above the budget request. These funds are critical to local communities and industries faced with increased economic pressures and
dislocations in the rapidly changing global economy.

Trade Adjustment Assistance (TAA).-The bill provides $15,800,000 for trade adjustment assistance, an increase of $1,700,000 over the request. Not less
than $200,000 and no more than $350,000 shall be available to fund permanent FTE. TAA has been heavily dependent on interns to process key program elements.

Now Dino can rail at Bush for his last budget and how terrible it was. Guess what Dino, your Democrat Congress went through the “presidential budget” and appropriated more money that was asked for! And you, like a useful idiot, blame Bush and not Congress. Its the greatest scam in the world!

For an additional laugh go to page 5, see where they have crossed out the earmarks in the phrase Insert Earmarks and have changed it to read Table 3A. Table 3A can be found one page up on page 4 and it has the caption: Congressional-designated Items
($ in thousands)

with a list of things like:

Auburn University (in Alabama) for novel polymeric material research 1,000
Which translates into an earmark for $1,000,000 to Auburn University to research novel polymeric material. Remember we don’t have earmarks anymore so now they are congressional-designated items. Do you feel like we have reached 1984 levels of new speak?
Mark

DINO has no idea how government works.

He still has a case of BDS, and will have for at least the next 8 years.
http://sayanythingblog.com/entry/america_is_back/#c397018 DINO

Fucking idiots. The deficits are bush’s.

I hope you all go broke and become homeless.
bill-tb

The Acting President Obama is a real jive talker, isn’t he.
robert108

Dumb little dinostem whines about deficits, while his little troll doll Obama doubles it, and promises to “fix the economy” by doing that. Too funny!
carrick

Bitter little dinostem is still clinging to his Marxist fantasies.

Nah. Just a brainless cockroach.
mnconservative

It would be so easy to get the economy rolling again. Simply pass a law that cuts interest on dividends in half, down to 7%, and Billions of dollars will flood the market. The tax revenue would double in a year.
But that is too easy.
Mickey on February 25, 2009 at 05:44 am

Now, Now, you know Nobambi really doesn’t want the economy to improve.(grin) He needs the doom and gloom cloaked as hope and change to make sure American citizens are dependant on the gov’t therefore showing what a “savior” he is. Except I only have 1 savior and Nobambi isn’t it.
http://ndgoon.blogspot.com/ goon

Yeah I was thinking that it would be hard to cut the deficit with all of the spending the left is doing.
robert108

Little dinostem: Whatever pittance you might pay in taxes is all the result of a conservative applying capital to your worthless labor; without capital, labor is subsistence only.
Without conservative economics, you would be shitting outdoors, if you had any food to eat to generate any shit, that is.
syn

Yeah, if I get into credit card debt the first thing I do is go out and spend twice as much as the original debt to get out of debt. Sure…works every time!

Jeez no wonder so many Americans are in knee deep in debt; they’re so like Dino….economically illiterate idiots.

Given that; I am over-joyed that I am not in debt and have enough financial stability acquired through extreme personal sacrifice that I now have the economic luxury of sitting back and watching the idiots suck themselves down into the pit hole of misery.

Dino, I’ll be awaiting for you on the other side of misery to show you how to pick up the pieces of your worthless life. Good luck, sucker.
robert108

Spartacus: Nothing personal, dude. When an entrepreneur puts his or her capital at risk, it’s not done with any individual in mind; for it to be successful, a manager must hire the workers, supervise them, and make sure they do their jobs properly. I realize I made an assumption that dumb little dinostem has the capacity to do that, and I was probably wrong.
Of course, if he can be worked for a profit, his odiousness and stupidity are beside the point.
In other words, if he can just keep flipping the burgers on time, and pulling them off the grill without dropping them on the floor, the investment in the meat, grill and spatula, along with the energy to keep the grill heated, is going to pay off.
Spartacus

To make a long story short the budget is fleshed out by the use of the appropriation bill, also known as an omnibus spending bill.

Soon to be known as the ominous spending bill, which at present has in the area of 9,000 (nine thousand) pork items that Chuck E. Schumer swears on his next election campaign Americans don’t care about. That bill is all Dem, wear it proudly!
docdave

Hey be patient let see how he do… we must support him

np, I support Obama exactly like y’ll supported Bush.

Does one support a person that is drilling a hole in your boat so it can fill up and sink? That’s our boy Obama.
http://www.twitter.com/OneAndOnlyZel QueenZel

Yeah, I’ll tell my husband that in order to secure OUR household finances, “I’m going shopping!”
And, I’m buying lots and lots and lots of big, expensive stuff!
Spartacus

And he does make it easy.

Yes he does. This morning he claimed to be mobile in rural WA, I suppose doing what his typing skills bring to him naturally, huntin’ pecker.
Spartacus

Without capital equipment and raw materials furnished by a conservative, little dinostem’s labor is worthless.

Speak for yourself R108. This conservative ain’t providing the equipment or raw materials, nor cooked materials, for dino-soars experiment with capitalism, and besides, considering his life style labor appears to be out of the question without tremendous leaps in hormone therapy.
dragon poker

We’ve all got our quirks Dragon, that’s what makes us interesting!

I agree

wait, I meant to say makes you guys interesting

I still agree
Spartacus

if you had any food to eat to generate any shit, that is.

He claims he gets wieners for free…why did I go there?
Spartacus

^wait, I meant to say makes you guys interesting
sayanything-4625

GREG: I’d love to know what the hell this is!! From page 3 “Global climate change mitigation initiative . $14,700,000″

Economic development must address the effects ofclimate change. EDA is directed to provide a report and spend plan on the fund to the House and Senate Committees on Appropriations, no later than 90 days after enactment of the Act. . The report should detail the scope of the fund, the criteria for approval of fund expenditures, and the methodology EDA will employ when reviewing grants.

From the rest of the paragraph I gather that they are going to pay for a report from the EDA that will detail how they plan on spending even more money in the future to “mitigate climate change.” That was a mouthful. ECONOMIC DEVELOPMENT ADMINISTRATION=EDA. Your government in action! Lets spend money to figure out how to spend even more money! Hooray Democrats! Change you can believe in!
Spartacus

Robert? You really surprised me! bwahahahaha!
http://proof-proofpositive.blogspot.com/ proof_positive

I hope you all go broke and become homeless.

Then maybe we’ll become Democrats?
Spartacus

Although Robert, I’m guessing Dino-sores business model would more likely involve wiener turnover, not flipping burgers.
robert108

Carrick: No, actually little dinostem is a thoroughly brainwashed Marxist, just like our President.
SHADY

What a moron! I would have an easyer time believing, if he told us, that he would put a glass of ice in the Mojave desert in summer time and the ice won’t melt!!
SHADY

Hey be patient let see how he do… we must support him

Be patient??? It’s been just over 1 month and I’ve seen all I need to see!! Your right, we should just sit right back and watch him and his stinking congress and senate totally ruin this country in the next 4 yrs.., real good idea!!

And I don’t have to support him,. It would be different if he was doing something to help this country!
Spartacus

I fall out of my chair laughing at knobert all the time.

We’ve all got our quirks Dragon, that’s what makes us interesting!
sayanything-2483

Fucking idiots. The deficits are bush’s.
I hope you all go broke and become homeless.
DINO on February 24, 2009 at 10:43 pm

Bush’s deficits…only up to the point when Obama dug the hole twice as deep doubled the deficit. After your boss’s payroll and corporate taxes go up, and you lose you job because your not worth your paycheck any more, with your minimal savings, it will probably be you who goes broke. LOL!!!
sayanything-2483

GREG: I’d love to know what the hell this is!! From page 3
“Global climate change mitigation initiative . $14,700,000″
sayanything-2483

He claims he gets wieners for free…why did I go there?

No need to go there. His hate, envy and stupidity is enough of an easy target. And he does make it easy.
sayanything-2483

Of course, he could straighten up his act…

LOLOLOLOLOLOLOLOLO!!!!!!!!!!!

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