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Count Alex's Wins
07-18-2011, 12:45 AM
Grim when it's all laid out.

January 20, 2009
President Obama sworn into office

President tells the American people in his Inaugural Address: “Those of us who manage the public's dollars will be held to account, to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and their government.”

Debt Held By Public = $6.31 trillion


February 17, 2009
President Signs into Law the Spending Stimulus

The stimulus adds $821 billion in new spending according to the Congressional Budget Office (CBO).

The White House promises this infusion of spending and borrowing would keep unemployment rate below 8%. As millions of Americans are painfully aware, that promise was broken.

Debt Held by Public = $6.48 trillion


February 26, 2009
President Issues FY2010 Budget

The President’s budget adds $2.7 trillion in new debt in FY2010 and imposes $1.4 trillion in new taxes.
Debt Held by Public = $6.58 trillion


March 11, 2009
President Signs FY2009 Omnibus Appropriations Act

The massive spending bill includes 8,696 earmarks at a cost of $11 billion.

The spending bill adds $19 billion in new spending above the baseline – an 8.6% spending increase.

Debt Held by Public = $6.66 trillion


April 29, 2009
Congressional Democrats Pass FY2010 Budget

The Congressional Democrats’ budget calls for a $2 trillion debt increase in 2010, and another 8.9% increase in non-defense discretionary spending.

The reconciliation process is abused to later pave the way for health care overhaul to be jammed into law.

Of note: this is the last time Congressional Democrats will bother budgeting.

Debt Held by Public = $6.85 trillion


February 2, 2010
President Issues FY2011 Budget

The President’s budget more than doubles the debt; pushes the FY2011 deficit to a new record of $1.6 trillion; drives spending to a new record of $3.8 trillion in fiscal year 2011; and raises taxes by more than $2 trillion through 2020, under the administration’s own estimates.

Debt Held by Public = $7.85 trillion


March 23, 2010
President Signs Health-Care Overhaul Into Law

The massive new law adds $1.4 trillion in new spending over the next decade, and over $2.5 trillion once the law is fully implemented.

Despite sluggish economic growth and high unemployment, the law imposes over $500 billion in new tax hikes. CBO Director Elmendorf would later testify that the law would reduce employment by roughly half a percent – a reduction of approximately 800,000 jobs.

Debt Held by Public = $8.18 trillion


April 15, 2010
Congressional Democrats Decide Not to Do a Budget for FY2011

The 1974 Budget Act requires Congress to pass a budget each year by April 15.

In an unprecedented budget failure, House Democrats not only failed to pass a budget – they opted to not even propose a budget.

Debt Held by Public = $8.39 trillion


July 21, 2010
President Signs Financial Regulatory Overhaul Into Law

In addition to heightened regulatory uncertainty, the massive new law adds $10.2 billion in new spending.

Debt Held by Public = $8.69 trillion


February 14, 2011
President Issues FY2012 Budget

The President’s budget yet again calls for the doubling of the debt in five years, and tripling the debt in ten years.

The President’s budget spends $47 trillion over the next decade, imposes over $1 trillion in new tax hikes, and fails to address the drivers of the debt.

Debt Held by Public = $9.45 trillion


April 13, 2011
President Delivers Speech on Deficit Reduction

The President appears to abandon his own budget by offering a ‘framework’ that calls for additional tax increases, defense spending cuts, and Medicare price controls – yet lacks sufficient detail to back-up claims of deficit reduction.

Debt Held by Public = $9.65 trillion


April 15, 2011
House Passes FY2012 Budget Resolution

The House-passed budget cuts $6.2 trillion in government spending over the next decade, saves Medicare, strengthens the social safety net, lifts the crushing burden of debt, and spurs economic growth and job creation.

Senate Democrats fail to meet their legal requirement to pass a budget by April 15.

Debt Held by Public = $9.68 trillion


April 18, 2011
S&P Issues Credit Warning on U.S. Debt

The rating agency sets off the latest alarm bells, warning of lawmakers of unsustainable fiscal course.

President Obama has still not proposed a credible budget; Senate Democrats have still not proposed any budget.

Debt Held by Public = $9.68 trillion


May 13, 2011
Medicare and Social Security Trustees Issue Warning of Looming Insolvency

According to the programs’ own trustees, the unsustainable future of Medicare and Social Security threatens the health and retirement security of America’s seniors.

President Obama and Congressional Democrats continue to engage in a partisan campaign to attack efforts to save and strengthen these critical programs – while offering no serious solutions of their own.

Debt Held by Public = $9.67 trillion


May 25, 2011
Senate Unanimously Rejects President’s FY2012 Budget; Vote is 97-0

While the President’s plan to accelerate our nation toward bankruptcy is unanimously rejected, the stunt on the Senate floor reveals the bankruptcy of Senate Democrats’ ideas.

Senate Democrats have still not proposed any budget.

Debt Held by Public = $9.72 trillion


June 23, 2011
CBO Director Further Discredits President’s Fiscal Record

In testimony before the House Budget Committee, CBO Director Doug Elmendorf responds to questions on the President’s ‘Framework’: “We don’t estimate speeches. We need much more specificity than was provided in that speech for us to do our analysis.”

Debt Held by Public = $9.74 trillion


July 8, 2011
Unemployment Hits 9.2%; Day 800 Since Senate Democrats Last Passed A Budget

A devastating jobs report that shows the unemployment rate at 9.2% coincides with the 800th day since Senate Democrats last thought the federal government needed a budget.

Debt Held by Public = $9.75 trillion


July 11, 2011
Senator Conrad Gives Budget Speech on Senate Floor

On Day 803 since the Senate last passed a budget, Senate Budget Committee Chairman Kent Conrad takes to the Senate floor to deliver a speech about the Senate Democrats’ non-existent budget resolution.

Senator Conrad makes the case for imposing over $2 trillion in new taxes, but provides no actual budget resolution and no credible details.

Debt held by Public = $9.75 trillion


July 15, 2011
President Holds Press Conference: “We’re Running Out of Time” to Deal with Debt

President Obama tells reporters: “I've got reams of paper and printouts and spreadsheets on my desk, and so we know how we can create a package that solves the deficits and debt for a significant period of time. But in order to do that, we got to get started now.”

The American people have still not seen any “paper” or “printouts” of what specific spending cuts the President supports. The American people have still not seen any “spreadsheets” from the White House to corroborate their claims of having offered a deficit reduction plan.

While it’s long past time for Washington “to get started now” on tackling our debt problems, President Obama has still not proposed a credible budget, and Senate Democrats have still not proposed any budget.

Debt Held by Public = $9.75 trillion

Chief Faithful
07-18-2011, 09:20 AM
It definitley can be call a record.

The Rick
07-18-2011, 12:21 PM
It's hard not to laugh, yet equally as hard not to cry. :shake:

Quickie
07-18-2011, 06:27 PM
We're so pretty

Oh so pretty.... vacant

And we don't care

chiefzilla1501
07-18-2011, 07:09 PM
Read an interesting article the other day. Seems like there's two problems: the government gave the banks a bunch of money with the hopes that they would try to invest to create confidence in the housing market, but a lot of the banks ended up hoarding the cash and paying out higher bonuses.

To me, there's a 2-way problem. Liberals are handing out money recklessly, and Republicans are too quick to defend a millionaire who is hoarding cash. While I'm all for pumping more money into the Private Sector, it drives me crazy that a ton of the private sector money is being pumped into a fortunate few.

I feel like the public would be much more open to pumping money into the private sector if executives weren't getting the obscene kind of compensation they get today.

BucEyedPea
07-18-2011, 07:10 PM
We're so pretty

Oh so pretty.... vacant

And we don't care

Don't use "we" because many of us do care.

Quickie
07-18-2011, 07:12 PM
Read an interesting article the other day. Seems like there's two problems: the government gave the banks a bunch of money with the hopes that they would try to invest to create confidence in the housing market, but a lot of the banks ended up hoarding the cash and paying out higher bonuses.

To me, there's a 2-way problem. Liberals are handing out money recklessly, and Republicans are too quick to defend a millionaire who is hoarding cash. While I'm all for pumping more money into the Private Sector, it drives me crazy that a ton of the private sector money is being pumped into a fortunate few.

I feel like the public would be much more open to pumping money into the private sector if executives weren't getting the obscene kind of compensation they get today.

We all get cash from chaos.

Hog Farmer
07-18-2011, 08:26 PM
His plan is working perfectly.

InChiefsHell
07-18-2011, 09:02 PM
Rather sobering numbers...no matter who you are...

Bewbies
07-18-2011, 09:40 PM
Pointing this out is racist.

Bewbies
07-18-2011, 09:41 PM
I think there's a lot of people here who should be banned for the blatant racism they continually post about our President.

Garcia Bronco
07-18-2011, 09:47 PM
easy killer. The numbers speak for themselves if they are correct. You don't need to change the conversation to race.

Bewbies
07-18-2011, 09:54 PM
easy killer. The numbers speak for themselves if they are correct. You don't need to change the conversation to race.

You should probably be banned for that shit.

Quickie
07-19-2011, 05:51 AM
His plan is working perfectly.

Yeah, I'm back in the "he's doing it on purpose" camp, not the "he means well, he's just an imbecile" camp. :drool:

InChiefsHell
07-19-2011, 06:54 AM
You should probably be banned for that shit.

I see what you did there...:p

Ace Gunner
07-19-2011, 09:13 AM
the funny part is, he's on track posting the same amount of debt Bush put this country in to. Ah, but alas, the public is awake & counting now. I guess that's a start..

headsnap
07-19-2011, 09:18 AM
the funny part is, he's on track posting the same amount of debt Bush put this country in to. Ah, but alas, the public is awake & counting now. I guess that's a start..

Do wha...?


:spock:

RedNeckRaider
07-19-2011, 10:25 AM
Do wha...?


:spock:

Some replies leave my fingers type less...

RedNeckRaider
07-19-2011, 10:27 AM
I think there's a lot of people here who should be banned for the blatant racism they continually post about our President.

I think the president should be banned for his performance~

InChiefsHell
07-19-2011, 10:44 AM
the funny part is, he's on track posting the same amount of debt Bush put this country in to. Ah, but alas, the public is awake & counting now. I guess that's a start..

He's on track to put us in even worse shape than Bush did. He came in promising change and hope and abandoning the "failed policies of the past". He's implemented them and more. He was supposed to be better than Bush, but he's proving to be 10 times worse. Thank God the country is finally awake and counting. It took Bush being a fuck stick for us to really see, then we watched Obama make it worse.

RedNeckRaider
07-19-2011, 10:45 AM
He's on track to put us in even worse shape than Bush did. He came in promising change and hope and abandoning the "failed policies of the past". He's implemented them and more. He was supposed to be better than Bush, but he's proving to be 10 times worse. Thank God the country is finally awake and counting. It took Bush being a **** stick for us to really see, then we watched Obama make it worse.

He already has~

Quickie
07-19-2011, 05:47 PM
Is it just me or does anybody else notice how the moonbats never participate in threads like this ie chock full of facts and truth about dear leader?

Ace Gunner
07-20-2011, 04:31 PM
He's on track to put us in even worse shape than Bush did. He came in promising change and hope and abandoning the "failed policies of the past". He's implemented them and more. He was supposed to be better than Bush, but he's proving to be 10 times worse. Thank God the country is finally awake and counting. It took Bush being a **** stick for us to really see, then we watched Obama make it worse.

I didn't mention this to compare performances, as a traditional republican who feels the party has lost it's way I'm of the opinion america is being controlled by an entity that controls both political parties. I understand your point and I agree, but when you're already far beyond means to overcome debt, it usually excellerates debt accrual.

I'm tired of "hope". I'm tired of the hope bullshit from both parties.

ROYC75
07-20-2011, 04:48 PM
Is it just me or does anybody else notice how the moonbats never participate in threads like this ie chock full of facts and truth about dear leader?

Obots are not programmed to understand negative information about their dear leader.

FD
07-20-2011, 04:48 PM
Is it just me or does anybody else notice how the moonbats never participate in threads like this ie chock full of facts and truth about dear leader?

I'll give the response from the moderates. The OP focuses on spending, but much of the deficit trouble comes from the fact that revenues collapsed during the recession:

http://research.stlouisfed.org/fredgraph.png?g=1cJ

As the recession consisted of drastically reduced consumer spending and business spending, if the government had followed suit and tried to avoid deficits during the crisis, the recession would have been much worse than it was. The result of this would be even worse revenues, thus the result is both a worse recession and little improvement with respect to deficits.

KC Dan
07-20-2011, 04:54 PM
I'll give the response from the moderates. The OP focuses on spending, but much of the deficit trouble comes from the fact that revenues collapsed during the recession:

http://research.stlouisfed.org/fredgraph.png?g=1cJ

As the recession consisted of drastically reduced consumer spending and business spending, if the government had followed suit and tried to avoid deficits during the crisis, the recession would have been much worse than it was. The result of this would be even worse revenues, thus the result is both a worse recession and little improvement with respect to deficits.
You do realize that even had receipts not dropped and stayed where they were in 2007 that the growth in gov't would still be demanding over $1 Trillion in deficit? Much more than before the recession.

FD
07-20-2011, 04:56 PM
You do realize that even had receipts not dropped and stayed where they were in 2007 that the growth in gov't would still be demanding over $1 Trillion in deficit? Much more than before the recession.

I do, and I think its appropriate considering the circumstances.

KC Dan
07-20-2011, 04:58 PM
I do, and I think its appropriate considering the circumstances.
don't agree

FD
07-20-2011, 05:04 PM
People act like Obama has presided over some kind of unprecedented increase in spending, which is just not true. Look at this chart of real Federal spending:

http://research.stlouisfed.org/fredgraph.png?g=1cN

Now, add in the fact that at the same time state and local governments were cutting back sharply:

http://research.stlouisfed.org/fredgraph.png?g=1cM

And you see that over the past couple years, total government spending has not exactly exploded. Much of the increase in Federal spending has been aid to state and local governments. If the Federal government had cut back to try not to run deficits, the recession would have been much worse, and the result would have been us not much better off on deficits.

Calcountry
07-20-2011, 07:36 PM
Enough of all this shit, what I really want to know, is if quiting smoking caused him any headaches. Perhaps when he was having the nicotine shakes when he had to make the decision to bomb Libya. We want to know dammit. I mean, my GAAAAAAAAAAWD, he is the commander in chief.