Page 1 of 3 123 LastLast
Results 1 to 10 of 21

Thread: Deficits soar even with rosy assumptions in new Obama budget

  1. #1
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Deficits soar even with rosy assumptions in new Obama budget

    Deficits soar even with rosy assumptions in new Obama budget | McClatchy

    The new administration budget said that the fiscal 2009 deficit would reach $1.84 trillion, or $89 billion more than forecast in February, while the 2010 figure now is estimated at $1.26 trillion, or $87 billion above the previous number. The fiscal 2008 deficit was $459 billion.
    Time for a little deficit math.

    On the day President Bush took office, total public debt for the US was $5,727,776,738,304.64, and the US was headed into recession.

    On the day Dear Leader took office, total public debt for the US was $10,625,053,544,309.79, and the US had already entered a recession.

    The increase in total public debt during the Bush Administration was $4,897,276,806,005.15

    In between, there were 2,922 days. On average, President Bush spent $1,676,001,644.77 per day the government did not have.

    As of May 8, 2009, 107 days after Dear Leader took office, total public debt for the US is $11,258,693,795,457.10

    The increase in total public debt during the first 107 days of Dear Leader's administration is $633,640,251,147.31

    On average, Dear Leader spent $5,921,871,506.05 per day the government did not have.

    These numbers are courtesy of The United States Treasury Bureau of the Public Debt

    If the average holds, and Dear Leader serves a single term (1461 days), his contribution to the total public debt will be $8,651,854,270,338.51.

    However, the average already is not holding. As the article referenced above shows, the deficit is growing, not shrinking, both in this current year and in next year, by $89 billion and $87 billion respectively. The $8.6 trillion Dear Leader will add to the total public debt in his term of office is, by all accounts, the best case scenario. Dear Leader's deficit spending for four years will be, by the most optimistic calculation, 177% of the of deficit spending for all eight years of the Bush Administration.

    Some other fun facts about the total public debt:

    • After the first 107 days of the Bush Administration, on May 8, 2001, total public debt had decreased by $79,895,704,884.55.
    • The $633,640,251,147.31 of public debt added by Dear Leader's administration in 107 days took President Bush's administration 709 days to surpass, when the total public debt reached $6,405,707,456,847.53 on December 31, 2002.
    • On January 21, 2005, after 1461 days of the Bush Administration, total public debt had increased by $1,886,691,622,346.66

    Against all this debt, Dear Leader and his "experts" have combed the federal budget and discovered a whopping $17 billion in "savings" to carve out of the federal budget. That is roughly 3% of the increase in total public debt over his first 107 days in office.

    Dear Leader has a strange idea of what constitutes making "hard choices".

  2. #2
    Banned
    Join Date
    Nov 2008
    Last Seen
    07-18-09 @ 04:56 AM
    Lean
    Undisclosed
    Posts
    1,041

    Re: Deficits soar even with rosy assumptions in new Obama budget


  3. #3
    Banned
    Join Date
    Nov 2008
    Last Seen
    07-18-09 @ 04:56 AM
    Lean
    Undisclosed
    Posts
    1,041

    Re: Deficits soar even with rosy assumptions in new Obama budget

    The White House raised the 2009 budget deficit projection to a staggering $1.8 trillion today.

    For context, it took President Bush more than seven years to accumulate $1.8 trillion in debt.
    MORE ON THE OBAMA DEFICIT: The White House raised the 2009 budget deficit projection to a stagger?


  4. #4
    Banned
    Join Date
    Nov 2008
    Last Seen
    07-18-09 @ 04:56 AM
    Lean
    Undisclosed
    Posts
    1,041

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Obama supporters instead of defending the spending splurge are almost universally ignoring it and hyping up any other story they can find.

  5. #5
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Quote Originally Posted by Triad View Post
    Obama supporters instead of defending the spending splurge are almost universally ignoring it and hyping up any other story they can find.
    Indeed. The silence from the left is most telling.

  6. #6
    Guru

    Join Date
    Mar 2007
    Last Seen
    Yesterday @ 06:49 PM
    Lean
    Undisclosed
    Posts
    4,469

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Another crisis that will not be wasted. Prez Doofus will use it to panic everyone into doing healthcare reform to reduce the deficit.


    ..

  7. #7
    Traditional
    hiswoman's Avatar
    Join Date
    Apr 2009
    Location
    Cypress, TX
    Last Seen
    04-04-13 @ 05:01 PM
    Gender
    Lean
    Conservative
    Posts
    3,051
    Blog Entries
    10

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Quote Originally Posted by TOJ View Post
    Another crisis that will not be wasted. Prez Doofus will use it to panic everyone into doing healthcare reform to reduce the deficit.


    ..
    So THAT'S how it works in Washington...and here I was confused all these years!

  8. #8
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 11:27 AM
    Lean
    Very Liberal
    Posts
    93,687
    Blog Entries
    2

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Quote Originally Posted by celticlord View Post
    Indeed. The silence from the left is most telling.
    Hi, this is the left just checking in to break the silence. I would actually comment on this, but since you start 4 to 5 threads a day whining about President Obama, it's just not really worth it any more.

  9. #9
    Sage
    Join Date
    Jan 2009
    Last Seen
    08-27-09 @ 08:41 PM
    Lean
    Undisclosed
    Posts
    6,344

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Quote Originally Posted by Redress View Post
    Hi, this is the left just checking in to break the silence. I would actually comment on this, but since you start 4 to 5 threads a day whining about President Obama, it's just not really worth it any more.
    Greetings, left. So facts and figures that mock Dear Leader's fiscal inabilities are of no interest to you.

    This explains the left's suicidal love affair with Dear Leader.

  10. #10
    Sage
    Dav's Avatar
    Join Date
    Mar 2009
    Location
    Virginia
    Last Seen
    04-16-16 @ 02:36 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,539

    Re: Deficits soar even with rosy assumptions in new Obama budget

    Redress, I understand how easy it is to want to avoid silly threads about how Obama can't use a teleprompter or something trivial like that, but this is actually a legitimate grievance. We could be well on our way to bankrupcy and Obama is in large part to blame.

    celticlord, I think the left might take your threads more seriously if you cut out the "Dear Leader" stuff.

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •