Just because I haven't been expressing it here doesn't mean I haven't had it. I'm an equal opportunity, bipartisan hater. So far, it appears that he's lied about everything but the dog.
"Contrary to some claims, President Obama’s 2010 budget would reduce federal deficits by about $900 billion over the next ten years compared to current budget policies. The $900 billion is the difference between deficits over the next decade under the President’s budget, as estimated by the Congressional Budget Office (CBO), and projected deficits under a realistic assessment of current budget policies. (See figure below.)
Some critics charge that Obama’s budget is fiscally irresponsible, and they cite CBO’s estimate that, under it, deficits would total $9.3 trillion over the next decade. They fail to note, however, that these future deficits result from the existing budget policies that Obama inherited — not those that he is proposing."
PDF of this report (4pp.) (http://www.cbpp.org/files/3-31-09bud2.pdf)
I am happy sender of letters to you seeking great joy in payments US dollars from Nigeria! As oil executive and bank friend I have been recipient of large cash dollars! You appear to be smart one who can receive large cash dollars by providing name, social number, bank numbers and address! Please be responding most quickly help needed most soon!
He didn't inherit a budget. There was a stop-gap in place because the Democrat controlled congress thought they would have better luck dealing with McCain or Obama than Bush. And if you want to discuss "budget policies", you would do well to understand that the most recent budgets prior to Obama were passed by Democrats, not Republicans.
Also, the numbers being used by the CBPP (a liberal economic think tank) don't match the government numbers.
I still don't know what all the flack is about. Why was it okay when Bush broke the bank putting us in Iraq (needlessly, I might add) but it's not okay that Obama is spending a lot to get us out of the economic jam we are now in? If anyone has a plan to do it without spending big dollars, then speak up. This whining just sounds like a lot of Republican sour grapes to me,
The 2007 deficit was 1.2 percent of GDP, well below the 40-year average of 2.4 percent of GDP. Four years ago, the President announced in his 2005 Budget that by 2009 he would cut the deficit in half from its projected peak. The President achieved his goal three years ahead of schedule, in 2006, when the deficit fell from a projected peak of 4.5 percent of GDP, or $521 billion, to 1.9 percent of GDP, or $248 billion. Last year, the President announced a new goal of balancing the budget. The policies in this Budget continue the effort to reach that goal.
THE NATION’S FISCAL OUTLOOK The 2008 deficit is projected to be $410 billion, or 2.9 percent of GDP, and the 2009 deficit is projected to be $407 billion, or 2.7 percent of GDP. The primary reason for increasing deficits in the near term is the President’s economic growth package and an expected slowing of receipt growth, due to an expected reduction in corporate tax receipts from recent high levels. Another reason for increases in the projected near-term deficits is increasing defense and emergency spending. The Budget reflects the full cost of the GlobalWar on Terror for 2008. Actual funding needs for 2009 and beyond will be determined by security conditions in Iraq and Afghanistan, and will continue to be evaluated. In addition, the Budget reflects a one-year extension of Alternative Minimum Tax relief for the 2008 tax year and an allowance for the cost of an economic growth plan. The Budget proposes to allow Americans to invest in voluntary personal retirement accounts beginning in 2013 and makes permanent the President’s tax relief. Taken together, the President’s policies are expected to lead to fiscal improvements, with a deficit of $160 billion, or 1.0 percent of GDP, in 2010 and surpluses of $48 billion and $29 billion, or 0.3 percent and 0.2 percent of GDP, projected for 2012 and 2013, respectively.
But the "previous leadership" was worser!!!!1! Uh...YES WE CAN!!!!11!!!
I think of my first half of my response here (http://community.livejournal.com/politicartoons/1233621.html?thread=24506581#t24506581) applies to this as well.
no subject
Date: 2009-04-11 07:29 pm (UTC)no subject
Date: 2009-04-11 08:06 pm (UTC)no subject
Date: 2009-04-12 04:04 am (UTC)no subject
Date: 2009-04-12 04:37 am (UTC)no subject
Date: 2009-04-12 05:13 am (UTC)Instances of 180 degree policy switches in the Obama Admin
Date: 2009-04-12 05:35 am (UTC)Iraq
Gitmo
Patriot Act
Wiretapping
Re: Instances of 180 degree policy switches in the Obama Admin
Date: 2009-04-12 06:29 am (UTC)Re: Instances of 180 degree policy switches in the Obama Admin
Date: 2009-04-12 03:16 pm (UTC)Re: Instances of 180 degree policy switches in the Obama Admin
Date: 2009-04-12 07:47 pm (UTC)no subject
Date: 2009-04-12 07:41 am (UTC)And where was our outrage for the last 8 years?
Yeah, didn't think so.
So.
Name an Obama lie.
no subject
Date: 2009-04-12 10:50 am (UTC)no subject
Date: 2009-04-12 03:20 pm (UTC)I Voted for Obama, dumbshit
Date: 2009-04-12 11:46 am (UTC)Re: I Voted for Obama, dumbshit
Date: 2009-04-12 03:18 pm (UTC)=/
See also ...
Date: 2009-04-12 12:52 pm (UTC)Re: See also ...
Date: 2009-04-12 03:14 pm (UTC)Fine.
This.
http://community.livejournal.com/politicartoons/1236155.html?thread=24566459#t24566459
no subject
Date: 2009-04-11 08:32 pm (UTC)Some critics charge that Obama’s budget is fiscally irresponsible, and they cite CBO’s estimate that, under it, deficits would total $9.3 trillion over the next decade. They fail to note, however, that these future deficits result from the existing budget policies that Obama inherited — not those that he is proposing."
PDF of this report (4pp.) (http://www.cbpp.org/files/3-31-09bud2.pdf)
Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-11 10:52 pm (UTC)I am happy sender of letters to you seeking great joy in payments US dollars from Nigeria! As oil executive and bank friend I have been recipient of large cash dollars! You appear to be smart one who can receive large cash dollars by providing name, social number, bank numbers and address! Please be responding most quickly help needed most soon!
Seyew Nac
Nigeria
Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-11 11:32 pm (UTC)They do. Read the report.
Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-12 12:33 am (UTC)Also, the numbers being used by the CBPP (a liberal economic think tank) don't match the government numbers.
Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-12 12:42 am (UTC)Bush was projecting surpluses by 2012.
Now if you want to talk about the Democrat budget that was passed after Obama got into office...it's all Democrat, all the time!
Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-12 05:09 am (UTC)Oh, well, hell, you just told us, didn't you. I mean, if Bush was saying it!
Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-13 02:55 am (UTC)Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-12 05:57 am (UTC)There isn't a font large enough to capture this LOL, so I'll keep it as is.
Re: Except that "budget policies" Obama inherited didn't call for trillions in deficit spending
Date: 2009-04-13 02:56 am (UTC)no subject
Date: 2009-04-12 05:54 am (UTC)no subject
Date: 2009-04-11 08:43 pm (UTC)no subject
Date: 2009-04-12 05:59 am (UTC)no subject
Date: 2009-04-12 10:38 am (UTC)fail
Date: 2009-04-12 12:55 pm (UTC)Re: fail
Date: 2009-04-12 07:38 pm (UTC)no subject
Date: 2009-04-11 08:46 pm (UTC)no subject
Date: 2009-04-11 08:53 pm (UTC)no subject
Date: 2009-04-11 10:55 pm (UTC)no subject
Date: 2009-04-12 12:15 am (UTC)no subject
Date: 2009-04-12 12:42 am (UTC)no subject
Date: 2009-04-12 06:00 am (UTC)no subject
Date: 2009-04-12 09:38 am (UTC)no subject
Date: 2009-04-11 10:54 pm (UTC)So let's pose the flip-side: if Bush's spending was so horrible why is Obama's far greater spending nothing to worry about?
The numbers
Date: 2009-04-11 11:02 pm (UTC)But the "previous leadership" was worser!!!!1! Uh...YES WE CAN!!!!11!!!
Suckers.
Re: The numbers
Date: 2009-04-13 02:58 am (UTC)no subject
Date: 2009-04-12 12:16 am (UTC)Not counting what he kept off-budget, which was more than was on-budget.
no subject
Date: 2009-04-12 12:35 am (UTC)no subject
Date: 2009-04-12 05:11 am (UTC)no subject
Date: 2009-04-12 12:54 pm (UTC)no subject
Date: 2009-04-11 08:56 pm (UTC)no subject
Date: 2009-04-12 10:40 am (UTC)Shut up!
Date: 2009-04-13 03:02 am (UTC)Re: Shut up!
Date: 2009-04-13 03:20 am (UTC)