Comments on: Obama reminds Americans he inherited the high deficit from Republicans http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MIAB http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-407921 Tue, 11 May 2010 15:09:31 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-407921 Budgets do not come from the White House. They come 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 somewhat belatedly got tough on spending increases.

For FY 2009, though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until BO could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.

And where was BO 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. You know, the one FULL of earmarks that he ‘pledged’ would NEVER happen when he became Prez:

’00 – +236.2 billion
’01 – +100 billion
’02 – -100
’03 – -370
’04 – -400
’05 – -300
’06 – -240
’07 – -160
’08 – -415
’09 – – 1.4 TRILLION (biggest since 1945)

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 year of straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes BO who voted for the budgets. If Obama inherited anything, he inherited it from himself.

AND lets be clear about Clinton – and his ‘alledged’ surplus: The Clinton administration reported a surplus of $559 billion in its final four budget years. The audited numbers showed a deficit of $484 billion.

.. thats a HUGE difference.

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By: HBC http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406437 Wed, 03 Feb 2010 06:02:59 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406437 Surely, if one wishes to be taken seriously as POTUS, one ought not require a whole year to start stating the obvious. Bad enough letting the obvious culprits roam free, it’s the prospect that many of them still have White House jobs…

And in this troubled economy, that’s simply not OK.

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By: zenhairdresser http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406435 Wed, 03 Feb 2010 02:03:45 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406435 Term limits on Congress and Senate seats would help, and so would trashing all that redistricting that was done, because then Congressmen and Senators would be easier to hire and fire on election day. But I’m not sure the voters can do much since the Supreme Court changed the rules. So we’re left for the President, the House and Senate to do what they need to do on the honor system, and so far, I’m having trouble finding honor in American politics.

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By: HBC http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406427 Tue, 02 Feb 2010 22:07:39 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406427 American politics is such a charade. Something always goes wrong every time the Party of Good Intentions gets a turn at bat. Whether it’s been madman Eagleton as McGovern’s running mate, or Mondale dragging Carter down (and later opposing Obama), or Lieberman backstabbing, or Joe Biden dropping the ball when he should have nailed Clarence Thomas for perjury and ever since, or Pelosi cossetting the kneeling Paulson when a good square kick in the teeth would have been the correct response… And the other side eats up the Democrats’ pork leftovers with a spoon every time.

The question is, what is that something that always arises to snatch defeat from the jaws of victory? Whatever it is, the mainstream Democrats have it in spades. They couldn’t be more complicit in the defeat of principle if they tried.

The Democrats were handed a landslide three years ago to do exactly three things: Stop the War, Prosecute those who lied us into it and fleeced the economy to their personal gain under the imperial guise of military competence, and to Impeach Bush… not one of which they had it in them to deliver. Oh, they didn’t have a supermajority? Dearie me. So what did they do with it when they did have one? Yeah, nothing worth doing. Precisely, nothing.

War funding is up. The prospect of decent healthcare is in bureaucratic ruins. The economy’s shot to hell and reduced to a series of fake growth predictions filling in the time between commercials for erectile dysfunction on Fox News. The (blatantly) guilty are still nowhere close to the jail in which they belong. Bush’s war crimes become Obama’s and so on… That’s not good.

It doesn’t take two minutes to figure out that Bush was rolling snake eyes with the economy. The gargantuan suck and siphonage of paramilitary trillions post-911 alongside an unsubtle shift into top-gear casino capitalism choking taxpayers and honest industry alike, all the while – how was this ever supposed to go well? It probably wasn’t. It just wasn’t supposed to make serious mainstream headlines. Nobody was supposed to get caught. Obama either knew this, and deliberately reneged on popular legislative items, or he completely lost his bearings for too long, catering to the Wrong Crowd.

The time to make this announcement was minutes after winning the election. It’s serious enough of a topic that Paulson, Geithner and Bernanke (along with any other GS moles) should’ve been out on their ears a year ago, golden parachute be damned. There’s no honest shop to be run with them around and they still need to go, pronto.

Instead, apparently, Pelosi Democrats – those agents of planned mediocrity – are still having polls to see whether the fox ought to remain in the henhouse, what sauce to put on the American fried chicken, etc.

Really… It’s been said that American politics is like theatre, drama for the sake of drama. Choreographically speaking, Obama’s timing is off by at least a year. It should not take that long to tell the obvious truth. He’s got a lot of fast-forwarding to do – right now – if he seriously means to stay in business, or even on-stage.

Hmm. Maybe the bipartisan fix is, he wasn’t supposed to.

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By: uc8tcme http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406424 Tue, 02 Feb 2010 20:31:07 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406424 1. How in the heck can you run up $1.3 trillion debt in one year, it didn’t happen; so logic tell you that Obama have a beef with being blamed for the deficit.

2. Why in the heck did we go after Hussian in Iraq instead of Bin Lidan in Afganistan (or were ever he was durning this time), this may have saved many lifes also. At least Bush Sr. got his revenge.

3. Why did Limbaugh blast Clinton during the years of Bush Jr. and lost track of what Bush was doing.

4. The TARP was Paulson’s way to get his Bank Buddies a long-term free loan, now Obama has to make them pay the money back now. If it was left up to them, they would take 20 years to pay back. I fault Obama for giving out the other half of TARP, he should of cut off the spicit.

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By: johnboy46 http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406420 Tue, 02 Feb 2010 17:50:33 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406420 Obama inheriting a huge deficit from Bush, blah blah blah. Amazingly, a lot of people still swallow this nonsense.
Budgets do not come from the White House. They come 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 somewhat belatedly got tough on spending increases. For FY 2009, though, Pelosi and Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Obama could take office. At that time, they passed a ma$$ive omnibus spending bill to complete the FY 2009 budgets.
And where was 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.
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.

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By: Natheya http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406419 Tue, 02 Feb 2010 17:43:40 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406419 I think the story pretty much sums it up. There was 200 billion dollar surplus when the GOP took office. When they left there was a 1.3 trillion dollar deficit. This is old news but the cable media has selective amnesia and likes to continue to push the agenda that best fits the owners. They want their tax cuts for the wealthy back. And just somehow the American people are stupid enough to be convinced a again and again that is the best course for our country. I can’t really blame the GOP so much as the ignorance of the citizens of this country.

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By: TDeloney http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406418 Tue, 02 Feb 2010 17:34:36 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406418 Civics 101 – Congress is constitutionally responsible for the budget, sloppy short-hand blaming the President notwithstanding. Thus the Republicans had principal responsibility for the “surplus” as well as the early return to (on average) $100M deficits. The Pelosi/Reid Congress is accountable for irresponsibly tripling that since 2007. Even using the sloppy short-hand tagging the President, Congress purposely and in an unprecedented manner delayed the FY09 budget post-election until Feb 09, giving the signature authority to Pres Obama, not Pres Bush. Claims of “inheriting” all his problems are increasingly devoid of factual substantiation and reflect very poor maturity and character.

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By: TheOracle http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406415 Tue, 02 Feb 2010 16:20:28 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406415 Actually, I’m surprised that Mr. Mason either didn’t know or didn’t bother to explain how the “$1.3 trillion” deficit is a bogus number. It’s been in every newspaper for the last week. During 7 of Bush’s 8 years in office, the deficit increased to approx. $500B. In the last six months of his last year, the Congress (including Obama) passed, and Bush signed, the $800B bailout package (necessitated by Democrat failures over the years as much as Republican). This $800B was a LOAN, not an “expenditure,” but the federal accounting process does not have any way to account for a loan, so this went down as “spending,” artificially increasing the deficit to the mythical, and false, $1.3 trillion figure. Now, for all you screaming that “it wasn’t a loan!,” guess what? $500B has already been repaid!! That’s what’s called “a loan.” There is little doubt the other $300B will be repaid as well. Thus, the REAL deficit left by Bush to Obama was $500B, not the $1.3 trillion figure that Obama likes to use to lie to the public. Now, if I know that, and (almost) everyone else knows that, how come Obama doesn’t? Well, there are 2 choices: (1) he does know that, but he’s a liar, or (2) he doesn’t know this and he’s ignorant. Ignorant or a liar, either way he’s in over his head.

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By: dglinnehan http://blogs.reuters.com/talesfromthetrail/2010/02/01/obama-reminds-americans-he-inherited-the-high-deficit-from-republicans/comment-page-1/#comment-406414 Tue, 02 Feb 2010 16:04:42 +0000 http://blogs.reuters.com/frontrow/?p=24400#comment-406414 Both Republicans and Democrats (and Independents, too) — in and out of Congress — are to blame. Our free-spending, borrow-to-the-hilt, put-it-off-til-tomorrow culture must be changed. It’s time for Obama to stop pointing his finger and take a lesson from Pogo: “We have met the enemy and he is us.”

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