Call it the Obama Budget Deficit


With President Barack Obama’s big economic address to a joint session of Congress tonight, lines like this in mainstream news stories are appearing with distressing predictability.

“The president’s budget proposal will project that the estimated $1.3 trillion deficit inherited from the Bush administration will be halved to $533 billion by 2013, or from 9.2 percent of the gross domestic product to 3 percent, the official said.”

The goal of couse, is to absolve Obama from any complicity in the biggest deficits in U.S. history.  But now that his staggeringly large $787 billion dollar “economic stimulus” bill has passed, President Obama cannot escape responsibility for the massively large deficits that will result for years to come.

$1.3 trillion is the deficit for fiscal year 2009, which by the media’s and Democrats’ former standard is the first year of the Obama Administration, not the last year of the Bush Administration.  Remember that President Bush gets blamed for causing the deficit to return after the surpluses created by the Republican Congress in the 1990s.  Bush is deemed responsible for the fiscal year 2001 deficit, which was the first year of deficits after the Internet bubble burst in 2000 under President Clinton.  If Bush is responsible for the last year of Clinton’s presidency, than Obama is responsible for the last year of Bush’s.

In addition the 1.3 trillion deficit number includes two years of a Democratic Congress – of which Obama was a part – and the Wall St. bailout, which Obama and Congressional Democrats championed.  Given that the deficit is the direct result of policies and spending decisions Obama participated in as a Senator, he bears responsibility for the result of those decisions. No matter how many eloquent speeches he may give, or summits he may hold, there is no escaping the fact that the largest federal deficit in American history is the Obama budget deficit.


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10 Comments Leave a comment

So... Do you think HE'S going to admit that?

Praying (Diary) Tuesday, February 24th at 6:17PM EST (link)

We already know that the MSM isn’t going to be truthful, and I highly doubt that Obama will either. So, we the enlightened rednecks of RedState (as opposed to the – ugh – intellectual elites of the radical left) know this, and nod our heads in agreement, but unless the uninformed masses out there somehow “see the light”, the lies and deception and hypocrisy will continue. I just want to jump up and down, shouting “but Mommy, the emperor isn’t wearing any clothes”.

No!!!11!1!!1!1! The Bilderbergers are coming

 

Another thing that irritates me to no end

Jack_Savage (Diary) Tuesday, February 24th at 6:19PM EST (link)

When one talking head after another blames this on, and I quote, “Eight years of Republican rule”, while conveniently ignoring the glaring fact that the Democrats controlled both the Senate and House for the last two.

Obama may try to skirt the blame for the deficits, and I hope he is not allowed to succeed, but the Democrat Party surely cannot. To do so would require a suspension of disbelief of which depths even the Obama media has not plumbed.

 

A thorough analysis...

kdoc Tuesday, February 24th at 6:37PM EST (link)

…will show that GWB was responsible as well for the deficits in the 1980s, and will also be responsible for deficits into the 22nd century. On the other hand, if the country develops budget surpluses in the 23rd century, that will solely be because of the beneficence of BHO.

 

Acting President Obama

10ksnooker (Diary) Tuesday, February 24th at 6:42PM EST (link)

Because you never know what he is going to say next, nor if what he said yesterday is true today.

Take a crash course in Obama jive talking.

 

Not so fast

charlesmartel Tuesday, February 24th at 8:03PM EST (link)

I think we need to invent some kind of closing tag, akin to “/sarcasm”, to indicate that we are done writing about what is happening in the real world, and are going to back to thinking about life in the mainstream media world.

Something along the lines of:

“If Bush is responsible for the last year of Clinton’s presidency, than Obama is responsible for the last year of Bush’s.”
/real

/real or /reality seems effective to me...nt

USNJIMRET (Diary) Tuesday, February 24th at 8:15PM EST (link)
 

Will you guys please...

jcheney Tuesday, February 24th at 8:23PM EST (link)

…just read this web site? It matters because Clinton has been given a pass all these years. Bush inherited a recession, 9/11, the dot com bubble and a Congress that wouldn’t listen to him when he tried to warn them about Fannie and Freddie. Craig Steiner gets his data from The U.S. Treasury. The rest of his site is great too.

The Myth of the Clinton Surplus

http://www.craigsteiner.us/articles/16

 

Put the Blame Where it Belongs

GreyCloak (Diary) Wednesday, February 25th at 4:25AM EST (link)

Congress

The Democrats have controlled Congress since the elections of 2006. They are responsible for the deficits of this year, last year, and the year before.

They could blame a “Bush Budget,” but it is the current Congress That has yet to pass an Omnibus Budget for this year, because they never got the budget done last year!

President Obama

Bush can take the blame for the first $350 billion of the great bank bailout, but the second half … another $350 billion … was specifically held back until Obama could decide how to spend it.

The $787 billion stimulus package was written and passed entirely on Obama’s watch.

When Congress completes it, Obama will also sign off on the 2009 Omnibus Budget Bill. Make no mistake: that is this year’s Fiscal 2009 Budget … Bush didn’t write it.

The Republican Party

We are not off the hook. Years of Republican Congresses and our Republican President let the budget get out of control. The Party did not lose elections in 2006 and 2008 because of Iraq or Ideology … we lost because we abandoned fiscal responsibility starting in 2000. Our Conservative politicians just couldn’t conserve The People’s money.

 

Have you noticed the huge rise in the stock market since Obama took office?

bk (Diary) Wednesday, February 25th at 4:40AM EST (link)

You just don’t count the days when it dropped – those were Bush’s fault.

 

Obama blew a chance to reduce the deficit to zero

bk (Diary) Wednesday, February 25th at 4:43AM EST (link)

All he needed to do was borrow another half trillion or so to pay it off and then according to his version of new math (Obamath?) he would have reduced the deficit to zero.