Obama: 'Waxing political' about deficits

What dream world does President "Hoax and Change" live in?
And does he think we'll forget that, as senator, he voted for TARP and many of the same "expensive" entitlement programs he now criticizes?

Obimbo's lying makes Bill Clinton's lying look like child's play.
First of all, Liar-in-Chief, the budget deficits were NOT building for 8 years.
Second, Liar-in-Chief, you DID NOT inherit a $1.3 trillion deficit, nor did you inherit a $1.6 trillion for 2009. YOU enlarged them beyong belief.
Third, Liar-in-Chief, you have shown NO regard for budget deficits. If so, that extra TARP money would go down to lower the deficit rather than more spending.
Liar, Liar, pants on fire.

President who compounds federal deficit three-fold delivers lecture on why spending is bad.

"Liar, Liar, pants on fire."????????

OMG are you a child.

Watch your money slip away . . .

http://zfacts.com/p/461.html

Even PSNBC can see fraud:
http://www.msnbc.msn.com/id/32767017/ns/politics-health_care_reform/
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Some charts for the non-readers (libs?):
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http://www.heritage.org/research/features/BudgetChartBook/Obama-Budget-Would-Create-Unprecedented-Deficits.aspx
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http://www.american.com/archive/2009/september/making-bush-look-like-a-piker
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www.moonbattery.com/obama-deficit-slide.jpg

Waxing political about fisting:
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http://biggovernment.com/2009/12/08/fistgate-ii-high-school-students-given-fisting-kits-at-kevin-jennings-2001-glsen-conference/

Get a car you hippies!

Hey Silva,

How about a little lesson in civics since your article doesn't seem to touch on any of the following:

1) The federal budget comes from Congress, not the White House.

2) Since Jauary 2007, the Democrats have controlled Congress.

3) For the 2009 Fiscal Year, Nancy Pelosi and Harry Reid passed continuing resolutions to keep the Federal Government running without a budget inorder to bypass President Bush from the process until Obumbles took office.

4) Wasn't Obumbles a senator from Illinois during this time? Didn't he vote for TARP?

Contrary to Republican propaganda, the spending on the stimulus was needed to save the country from going into a full blown depression, and it was caused by the nutjobs (Bush, Cheney etc) that YOU cheerleaded for.

The Republican hypocrites don't give a damn about spending....until they're out of power,
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http://nodilettante.files.wordpress.com/2008/10/budget_deficit_or_surplus.gif
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The GOP answer to everything that ails you - TAX CUTS!.....for the top 1%, big oil and big corporations! Yeah, that'll work!....not

The Wingnutters also keep whining about how corporations have a higher tax rate than anyone else. What they fail to mention is the corporate shenanigans that result in their paying NO taxes...moving offshore and taking advantage of a host of other loopholes (that Republicans created) that allow them to function without contributing a dime to society.

Note to Republican whiners and "very serious" concern trolls who are just now taking issue with spending, the economy, detainees that we haven’t been able to get enough evidence in seven years to charge with a crime or whatever other whiny crap that was in large part caused by the very same Republican policies that you cheered for, pushed for or voted for:

Your way failed. Big time. Like "F-" failed. Of epic proportions. The tax cuts failed. The neverending sinkhole of money for Iraq failed. Torture failed. Indefinite detention of "enemy combatants" failed – even shot down by a Supreme Court where 7 of the 9 Justices were republican appointees. Big money handouts to the oil companies failed. Big money handouts to the financial institutions failed. Deregulation failed. Ignoring the infrastructure failed (bridge in Minnesota or Hurricane Katrina, anyone).

And because of it, you lost. Badly. Twice in a row.

I think the term is "elections have consequence". You remember that phrase, right?

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Third, Liar-in-Chief, you have shown NO regard for budget deficits. If so, that extra TARP money would go down to lower the deficit rather than more spending.Liar, Liar, pants on fire.

Posted by: John D, still right, as usual | December 8, 2009 1:05 PM
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Sounds like Johnny DonutHead has been drinking out of the toilet bowl again.......I mean watching Faux News and listening to Druggy Rush again.

For the last 25-30 years, if it wasn't for the Republican administrations that you cheerlead for, and their out of control spending on the Military Industrial Complex and tax cuts for Billonaires, our national debt wouldn't even be an issue nowadays.
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http://bethesignal.org/wp-content/uploads/2008/08/meet-john-mccain.jpg

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Waxing political about fisting:
//biggovernment.com/2009/12/08/fistgate-ii-high-school-students-given-fisting-kits-at-kevin-jennings-2001-glsen-conference/

Posted by: Bobby Mobbie | December 8, 2009 1:40 PM
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More BS propaganda from the flat earth right wing goobers.

"Truth - Jennings wasn't present when the so-called "Fistgate" incident took place."
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http://holybulliesandheadlessmonsters.blogspot.com/2009/10/smart-answers-to-lies-about-kevin.html
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You're slipping, Teresa.....try again.

On that inherited 1.3 trillion dollar deficit, J.D., check your research. It's wrong. The figure's right.

http://www.swamppolitics.com/news/politics/blog/2009/02/obamas_address_fate_of_the_uni.html

http://www.swamppolitics.com/news/politics/blog/2009/03/economy_will_bottom_out_this_y_1.html

Wasn't this obama bozo a senator? Did he vote against any of the spending while he was there?
obama is part of the problem,
not the solution.
Spend you way out of this -
I guess I'll tell client who are in over their head finacially to just go out and borrow more money and spend their way out of their problems.
I thought this obama bozo was supposed to be intelligent.
I'd say he dumber than a rock and has the morals of a guy who steals from children.
(or just buries them in debt).
We need another change - 2010 and 2012.
Instead of change for the worse (obama), maybe the citizens in this country will
try to improve the quality, but then, a bum off the street would be better (and smarter) than obama. This must be embarrassing for harvard!

Classic BO. Rarely technically dishonest, but often intellectually so. First, drop the babe in the woods routine. You were not born in January of 2009. You were a member of the US Senate that voted in favor of the largest budget deficit in history (at that point), you voted in favor of TARP, and then you pushed through a stimulus package as POTUS. There is the majority of your deficit right there. The poor dear "inherited" all of this? BS. He helped create the mess. Second, he has done nothing to clean it up. "Halving" the deficit? Really? The current yearly deficit is pegged at well over a trillion dollars. "Halving" that would still be the largest one year deficit in history. That is not good enough. Even if halving the deficit were good enough, BO’s claims of doing so are BS. The CBO shows that BO’s budget plans would reduce the ridiculous current yearly deficit until 2012-13 . . . . then the deficits rise again to back above a trillion dollars by 2019. BO must have forgotten to mention that. Again, intellectually dishonest. It is technically true that the ridiculous 2009 federal deficit is projected to be cut in half at some point in the next decade. However, it is intellectually dishonest to cherry pick the best fiscal years out of the next ten as a reference point, then fail to mention that your budget plans will make the yearly deficit rocket again past 1 trillion again after that point.

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http://www.cbo.gov/ftpdocs/102xx/doc10296/TablesforWeb.pdf

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I can't believe people are still lapping up whatever this guy says. Here is the truth - Presidents don't make their mark on history by being fiscally responsible. They are narcissistic people who think that their vision for America is worth deficit spending for.

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I guess I'll tell client who are in over their head finacially to just go out and borrow more money and spend their way out of their problems. I thought this obama bozo was supposed to be intelligent. I'd say he dumber than a rock and has the morals of a guy who steals fro.
Posted by: worsethanbefore | December 8, 2009 5:01 PM
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Yeah! Because back when the nation first went into the Great Depression the first thing that the great Republican President Herbert Hoover did to fix it was to stop spending on jobs. And it worked great!........wait a minute....uh.......hmmm......uh.......nevermind.

Try again, Teresa...

Former GOP,

Let;s see what the stimulus has done to unemployment and what the BO economist said unemployment would be w/o it. These projections are all from BO's economists

http://community.comcast.net/comcastportal/board/message?board.id=news&message.id=1201398

Silva,

Try again - BO inherited a fiscal 2009 deficit of about $570 billion thru the first four months of FY 2009. The rest is all his.

http://www.fms.treas.gov/mts/mts.pdf

Why do we need a 2nd stimulus package? Didn't BIden say the first one was working as designed?

I think not, Mark:

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

http://www.washingtonpost.com/wp-dyn/content/article/2008/02/04/AR2008020400493.html

And I love how this reporter takes shots at Bush increasing the deficit from under $200 billion to $400 billion:

http://www.swamppolitics.com/news/politics/blog/2008/02/white_house_budget_deficit_upt.html

Bush certainly contributed to the nearly $1.4 trillion deficit, but Obama certainly contributed as well with:
$800 Billion stimulus.
More bailouts out for GM and Chrysler
Cash for Clunkers
More TARP money

In Washington, President Barack Obama said today, critics are "waxing political'' about curtailing the federal deficit after a decade of compounding it. ~ M.S.
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No guy "waxes political" more than Mustapha. He pontificates on the mundane and then does whatever it takes to make the problem, whatever it may be, worse. Could never be them, but wish it were possible to see what democrats see. Well, maybe not.

jimmy carter would at least disappear to Plains and give it a rest. This guy is just RELENTLESS in lining up the disasters. At some point Mustapha Fatigue has to set in even for the marginal Koolaid Drinkers. Please God, I know that you hear the prayer of the spat upon and the ratted on. Please, hook this guy up with Bo Jackson.

Elections absolutely do have consequences. Certainly could never argue that.

Budget 101, friend: When an administration proposes a new budget, in February, for the coming fiscal year, which starts in October, it projects a deficit, or surplus, for the year ahead. The Bush projection for 2009, his final budget, already had set a record. The TARP bailout, as you'll recall, was done at the end of Bush's watch later in the year, by, yes, a Democratic-run Congress. When Obama arrived in January of 2009, he faced a newly projected deficit for the year underway of 1.3 trillion. It also was estimated to reach 1.8 triillon by the new year, though that has been pared somewhat. Bottom line, Bush presided over a record deficit, and so will Obama. The actions of Congress under both administrations, signed by the presidents, contributed to both records. You can find all sorts of charts that set the number at the time of budget rec or in the midsession OMB reports, but if you get away from the pointed Heritage charts and go to the contemporary projections that were operative in January you will find different numbers. That takes a little work. Here is a more objective source of the years, remember 2009 started in October 2008:
http://www.cbo.gov/ftpdocs/105xx/doc10521/2009BudgetUpdate_Summary.pdf

I love it when these ridiculous Republican-Libertarians whine, lie, and distort when it comes to President Obama's cleaning-up, of the mess, that the little Draft-Dodgers left behind. From day one, these whiners screamed against President Obama, as he worked to help stem the tide of our crashing economy, thanks to the Weasels on Wall Street and the Bandits in the Boardrooms, all notorious Republican-Libertarian supporters. Almost on a daily basis, The Whiners have fabricated, lied about positions and policies, that, as we see today, seem to be the right positions and policies that are helping America's economy recover from the bush-whacking it took, last year. Phil Gramm was only half right, when he stated, last year, as an adviser to " Crash " McCain, during his presidential campaign:" We are a nation of whiners. ", claimed Gramm. As I said, he was half right. If he had limited his observation to his own Party, the Republican-Libertarians, he would have been 100% correct. At the moment, that Party is now, The National Whining Party. Come on, boys and girls, of the Whining Party, grow up and see the good that President Obama is trying to bring to our country, not focus on your delusional dreams. He is our President, can't you even give him a modicum of respect and support, or is that something that you are predisposed to deny or incapable of offering, due to your fanaticism ? How unfortunate for you and for our country. We do need all hands on deck and that does include Republicans, as well as Democrats, if we are truly good Americans !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

And Mark, what are the projected budget deificts for this coming fiscal year as well as the following years? Will not Obama ring up budget deficits either over or in the vicinity of $1 TRILLION for the next several years? Hardly the fault of Bush.
And when it comes to the economy, budget deficits and spending, you might want to read today's lead Tribune editorial!!

2009 through 2016 CBO deficit projections: (billion)

-1,587 -1,381 -921 -590 -538 -558 -558 -620

Mark Silva, I don't think the chart you cited is a more "objective source of the years". The chart you cite only shows the CBO's baseline. It does not include their analysis of the expected impact of BO's policies. Do you understand the distinction? Baseline assumes that current laws and policies will remain in effect. We know that will not be the case, and the CBO admits their baseline underestimates deficits. The CBO report I cited from June of 2009 compares the CBO’s baseline with the expected impact of BO’s policies. I couldn't find a more recent analysis comparing the two. If you know of one, I would like to see it. Admittedly, extrapolating into the next decade is an inexact science, but I think relying on baseline, when you know that baseline will change with the implementation of BO's policies, is not the most accurate or objective measure.

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As for the blame game between Bush/Obama and GOP/Dem for ridiculous budgets, I blame both. Bush and the GOP Congress were a disaster from a fiscal responsibility standpoint. BO and the Dem Congress are just as bad, and arguably, worse. That being said, I don’t think assigning blame is as important as changing course.

2009 through 2016 CBO deficit projections: (billion)

-1,587 -1,381 -921 -590 -538 -558 -558 -620

Posted by: Mark Silva | December 9, 2009 1:54 PM

Hmmm, three years totally under Obama's watch are at, near or above $1 Trillion. The years that follow? ALL significantly higher than any deficit under Bush. And as one sees, by the end of the predictions, the deficit is on an upward slope again! And that doesn't even include what the so-called health care reform will do (Baucus's plan, which at first was said to cost $1 trillion will now, by the senator's own admissionm be more like $2.5 trillion), nor any cap and trade and what all of this will do to the nation's economy over the years.
No matter how one looks at it, the Obama deficits will make all other deficits look like the Smokies compared to the Rockies.
So, how is he restoring fiscal responsibility? How can he lay the blame elsewhere when the lowest deficit under his watch is still in excess of $500 BILLION???