How does Obama plan on lowering our nation’s deficit with a $3.83 trillion budget proposal to our democrat led Congress? (not sure how you can pin this one on Bush too)
How does Obama plan on tackling the deficit when his spending has doubled it?
08
Mar
booman17
March 9, 2010 at 12:31 am
With your children’s money and and their children’s money. It is called generational theft.President Obama has shattered the budget record for first-year presidents — spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history. Here is a link for people like Keith, below.
pdooma
March 9, 2010 at 1:06 am
Spending into oblivion might just make everyone pass out.
$7.2 Million spent a minute if his budget passes as is.
Y!A Staph Are Racist Hypocrites
March 9, 2010 at 1:37 am
On the bright side, he should have no trouble dealing with spending frozen at $3.83T.
Keith M
March 9, 2010 at 2:10 am
Its Bushs deficit. Bush inherited a 200 billion dollar surplus and left with a 1.3 TRILLION dollar deficit.
Facts are poison to these people on the reich.
Proud Texan
March 9, 2010 at 2:25 am
There is a huge difference between wasting money like Bush did, and investing money like President Obama is doing. Someone has to pay for 8 years of failed republican policies.
Your Bitter Half
March 9, 2010 at 2:48 am
You’re not sure how “you can pin this one on Bush too?”
The recession started 2 and a half years before Obama’s inauguration date. Bush left office with the economy tanking so fast people were fearing another Great Depression. Obama needed to implement expansionary economic policies in order to prevent the next depression and that costs a lot of money.
I’m tired of hearing people blame Bush for everything too, but that doesn’t automatically mean it’s not true.
Mithaniel Marr
March 9, 2010 at 2:49 am
By having the federal reserve print more money. That gives them money, and lowers the value of the dollar, causing debt’s actual value to go down in terms of real assets.
El Tecolote
March 9, 2010 at 2:59 am
I do not understand how he thinks adding that much to the debt will get rid of the debt. By his logic, we should have just destroyed the rest of New York City the day the bastards dropped the WTC to the ground.
PC ANTAGONIST
March 9, 2010 at 3:27 am
Perhaps he could through an INT at a most crucial moment…..uhhhhh…sorry…. Bitter Viking….nothing to see here move along…..move along….
Eugene
March 9, 2010 at 3:43 am
The c0ns should have asked him that in that Q&A session they had a few nights ago. They didn’t get the chance though because he was too busy pwning them for asking stupid questions.
Jx2-57
March 9, 2010 at 3:55 am
His spending has not doubled it. When he came into office the deficit was 1.2 trillion with his new budget for next year it will grow to 1.56 trillion. Some one needs to BUT an effen clue or stop listening to Faux news.
shjOlds_442
March 9, 2010 at 4:05 am
He plains on doing nothing about it. He’s all talk, unless, of course it means taking money from us.
Oprah
March 9, 2010 at 4:21 am
obama will not lower the deficit that is just democrat propaganda.
obama is just prolonging the economic crisis to make it easier to pass his socialistic policies in government. Americans will become poorer because of higher taxes and inflation, forcing the people to become more reliant and dependent on government. This was also seen during the economic crisis of Germany pushing the country under the dictatorship of Hitler.
If you control the economy then you obviously control the people.
Ry Guy
March 9, 2010 at 5:01 am
Have you ever taken an economics class? The cause of the great depression in the 1930s was that President Hoover tried to raise taxes during a recession and try to balance the deficit hoping that it would give people the confidence to buy things and thus get the economy back on track. However when he raised taxes and cut gov spending the economy got worse because there was even less money available for people to spend. What needed to actually be done was to spend money and cut taxes, which Obama has done.
This is obviously the lesser of two evils, a large deficit is not as bad as a great depression, and that is what we would be in if it wasn’t for the stimulus.
You probably don’t like Bill Clinton either, but I am going to talk about him anyway. The reason he was able to have a surplus in the 1990s was because the economy was in good shape and we didn’t need to spend a lot of money, thus he raised taxes and we started having a surplus.
Believe me, Obama obviously doesn’t want a huge deficit either, but we have no choice but to spend money to get us out of this recession. Once we are out of the recession is when he will decrease gov spending and repeal the tax cuts. Btw, the Bush years are where most of the deficit has come from anyways I didn’t here any republicans complaining back then.
optical illusion
March 9, 2010 at 5:48 am
Since Obama took office, the confidence level in the American economy has plummeted. His economic policy of spend and tax is destroying the American economy, consumer confidence and small businesses across this great land. He is destroying the economy rather than helping it to rebound.
As George Bush left office he set in place the first TARP stimulus package but since then Obama has kicked the spending and entitlements into high gear as he has sky rocketed our debt to over $12 Trillion, ensuring that our current economic policy is unsustainable and will most surely result in economic collapse – IF allowed to continue unabated. But is this what Obama wants – only so he will be there as the “hero” to pick up the pieces.
Private Industry – Obama is openly against private industry and the way the American economy operates. He believes that the government and only the government should replace many of these industries – as they feel they could do it “better” and “more efficient” – but we all know that is a joke. The government should just get out of private industry’s way, lower their taxes, offer employment incentives and private industry would boom once again. Obama is clueless.
Jobs – Obama’s idea of jobs is FDR’s idea – of having the new jobs be paid for by TAX DOLLARS, instead of creating an atmosphere where the private industry can create those jobs. Obama wants to create new GOVERNMENT jobs – this is insanity. He wants there to be MORE government workers than private industry workers – how do you feel about that? All that does is ensure his vote from all those government workers – a nifty plan indeed.
Capitalism – Oh, this is a dirty word for Obama . He hates capitalism. For him it is either Marxism, Communism or Socialism – actually he prefers a mixture of the three. Obama wants to control everything – with capitalism he would be out of control – the free markets would be in control – the survival of the fittest would be in control. With capitalism, EVERYONE would have a chance to better themselves – but under Obama’s rule and plan – all would be financially equal – none would be greater than the other, financially. o_O
Obama to propose freeze on government spending
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/25/AR2010012503549_pf.html