Thursday, August 26, 2010

Obama Deficit

The Washington Post babbled again recently about Obama inheriting a huge deficit from Bush.

Amazingly enough,...... a lot of people swallow this nonsense.

So once more, a short civics lesson.

While the White House (the President) proposes budgets, funding for Budgets does not come from the White House!

It comes from Congress, and the party that controlled Congress since January 2007 is the Democratic Party.

They controlled the budget process for FY 2008 and FY 2009, as well as FY 2010 and FY 2011.

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush belatedly got tough on spending increases. (and conservatives were not happy with his fiscal irresponsibility either)

For FY 2009 though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office.

At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.

And where was Barack Obama during this time?

He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009.

Let's remember what the deficits looked like during that period and what is projected into the future to 2019:

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets.

That deficit was the lowest in five years, and the fourth straight decline in deficit spending.

After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself.

In a nutshell, what Obama is saying is “I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th”.

1 comment:

  1. The last four years of Democrat rule have totally been undisciplined and with no restraint in regards to spending. They are so undisciplined that this year they did not even pass a budget. This lack of accountability is extraordinary in the history of our country. Their excuse of "Blaming Bush" is just about worn out. This week, House minority leader, Boehner, called for the resignation of the Obama economic team which includes "tax cheat" Geitner. It is about time that the Republicans go on the offensive against the irresponsible and undisciplined "tax and spend" thieves - the Democrats.