The bush balanced budget plan

[bluecoller]

I am a grumpy old man, to keep my blood flowing, I often listen to Sean
Hannity. Sean always mentions Obamas promise to cut the deficit in half.
That always gets my blood boiling.
Didn't brain-dead Reagan promise a balanced budget by 1984?
On the day of the second presidential debate, media whore Tom Brokaw
said Obama will have to answer for his trillion dollar deficits.

Lets see what caused these deficits.
Like Clinton sez, it's only math.

February 4, 2008.
http://www.gpo.gov/fdsys/pkg/BUDGET-2009-BUD/pdf/BUDGET-2009-BUD-4.pdf
THE BUDGET MESSAGE OF THE PRESIDENT

In my 2009 Budget, I have set clear priorities that will help us meet our
Nation’s most pressing needs while addressing the long-term challenges
ahead. With pro-growth policies and spending discipline, we will balance
the budget in 2012, keep the tax burden low, and provide for our national
security. And that will help make our country safer and more prosperous.

GEORGE W. BUSH
THE WHITE HOUSE,
February 4, 2008

SUMMARY TABLES
http://www.gpo.gov/fdsys/pkg/BUDGET-2009-BUD/pdf/BUDGET-2009-BUD-31.pdf

Bush Balanced
Budget Baseline
2009 . ...Projected.....Actual ....Difference
Receipts...2,700 .......2,105 .....-595
Outlays....3,107 .......3,518 .....+411
Deficit .....-407 ......-1,413

Bush
2010 . ...Projected.....Actual ....Difference
Receipts...2,931 .......2,163 .....-768
Outlays....3,091 .......3,456 .....+365
Deficit .....-160 ......-1,293

2011 . ...Projected.....Actual ....Difference
Receipts...3,076 .......2,304 .....-772
Outlays....3,171 .......3,603 .....+432
Deficit ......-95 ......-1.300

2012 . ...Projected.....Actual ....Difference
Receipts...3,270 .......2,450 .....-820
Outlays....3,222 .......3,540 .....+318
Deficit ......+48 .......1,090

Deficit .-1,413 .-1.293 .-1.300 .-1,090 =-5.096
Receipts ..-595 ...-768 ...-772 ...-820 =-2.955
Outlays ...+411 ,.,+365 ...+432 ...+318 =+1.526

Bush also left more than 500 billion dollars in existing deficits.
So Bush slithered back to Texas, leaving Obama stuck with three
and one half trillion dollars in deficits over 4 years.

As can be seen the collapse of the bush supply side scam resulted
in revenues coming in almost three trillion dollars
less than the bush balanced budget projections.
Spending came in about one and one half trillion above the bush balanced
budget projections.

Blame the Irish guy for spending
three trillion dollars that he never got.
For Republicans, Lying is a way of life.

Much of the spending increase was the result of the Bush recession that
lost almost nine million jobs.
The recession caused large increases in Medicaid, Social Security
retirements, food stamps, and Unemployment compensation.
Outside of the stimulus there was very little spending due to
bills passed by Obama.

National Defense:

2008 ---616,073
2012 ---676.687 ___+60.614

Medicaid:

2008 ---247,739
2012 ---364.755 ___+117.016

Medicare:

2008 ---390,758
2012 ---499.284 ___+108.526

Unemployment compensation:

2008 ---45,340
2012 --107.080 ___+61.740

Food and nutrition assistance:

2008 ---60,673
2012 --114.975 ___+54.302

Social Security:

2008 --617,027
2012 --781.172 ___+164.145

Total ------------+566.225

The bottom line is when Republicans claim that Obamas spending has totaled five
trillion dollars, THEY ARE LYING. Period.
It,s simple math. Total spending only increased one and a half trillion dollars.
Revenue declined by three trillion dollars.
Obama couldn't spend money that he never got.
The deficit is mostly the result of falling revenue. PERIOD.
The failure of the Bush supply side scam.

For Republicans, Lying is a way of life.

-----Bluecoller, the grumpy old kraut-----

 

[Cruella]

Obama isn't running against Bush this election. He's running from his own record.

 

[dogtowner]

The Numbers

See pages 26 & 27. Look at on budget numbers to subtract SS and medicare and see on budget outlays jump nearly a trillion on Obama's assumption.

While all pols have issues with budgets Obama has been the worst at taking zero responsibility for his part in it. Makes him particularly petty and unworthy of the job.

 

[Phoenix68]

I am a grumpy old man, to keep my blood flowing, I often listen to Sean
Hannity. Sean always mentions Obamas promise to cut the deficit in half.
That always gets my blood boiling.
Didn't brain-dead Reagan promise a balanced budget by 1984?
On the day of the second presidential debate, media whore Tom Brokaw
said Obama will have to answer for his trillion dollar deficits.

Lets see what caused these deficits.
Like Clinton sez, it's only math.

.
Where Would We Be, Without Democratic Economies?????
.​

 

[mark francis]

I am a grumpy old man, to keep my blood flowing, I often listen to Sean
Hannity. Sean always mentions Obamas promise to cut the deficit in half.
That always gets my blood boiling.
Didn't brain-dead Reagan promise a balanced budget by 1984?
On the day of the second presidential debate, media whore Tom Brokaw
said Obama will have to answer for his trillion dollar deficits.

Lets see what caused these deficits.
Like Clinton sez, it's only math.







Bush also left more than 500 billion dollars in existing deficits.
So Bush slithered back to Texas, leaving Obama stuck with three
and one half trillion dollars in deficits over 4 years.

As can be seen the collapse of the bush supply side scam resulted
in revenues coming in almost three trillion dollars
less than the bush balanced budget projections.
Spending came in about one and one half trillion above the bush balanced
budget projections.

Blame the Irish guy for spending
three trillion dollars that he never got.
For Republicans, Lying is a way of life.

Much of the spending increase was the result of the Bush recession that
lost almost nine million jobs.
The recession caused large increases in Medicaid, Social Security
retirements, food stamps, and Unemployment compensation.
Outside of the stimulus there was very little spending due to
bills passed by Obama.




The bottom line is when Republicans claim that Obamas spending has totaled five
trillion dollars, THEY ARE LYING. Period.
It,s simple math. Total spending only increased one and a half trillion dollars.
Revenue declined by three trillion dollars.
Obama couldn't spend money that he never got.
The deficit is mostly the result of falling revenue. PERIOD.
The failure of the Bush supply side scam.

For Republicans, Lying is a way of life.

-----Bluecoller, the grumpy old kraut-----

Bias can get a person riled up against truth and facts. Obama did not spend money, Congress did, but Obama signed spending bills that more than doubled the national debt.

Obama's Final Numbers - FactCheck.org

The numbers are nearly all in now. What they show about what really happened during the eight years that Barack Obama was president is sometimes different from what politicians claimed.

www.factcheck.org

Obama’s Final Numbers​

Statistical indicators of President Obama's eight years in office.

By Brooks Jackson
Posted on September 29, 2017 | Updated on May 22, 2020

---

Summary

The numbers are nearly all in now. What they show about what really happened during the eight years that Barack Obama was president is sometimes different from what politicians claimed.

The federal debt owed to the public rose 128 percent. Deficits were rising as Obama departed.

 

[mark francis]

.
Where Would We Be, Without Democratic Economies?????
.​

We would no doubt be more prosperous if free from Democrat Marxist ideology and policies.

 

[Phoenix68]

I am a grumpy old man, to keep my blood flowing, I often listen to Sean Hannity. Sean always mentions Obamas promise to cut the deficit in half. That always gets my blood boiling. Didn't brain-dead Reagan promise a balanced budget by 1984? On the day of the second presidential debate, media whore Tom Brokaw said Obama will have to answer for his trillion dollar deficits.

.
U.S. Economy Under Obama; 2009-2017
.

.
IT'S WHAT DEMS DO!!!!
​

 

[Phoenix68]

Obama’s Final Numbers

.
The Obama Recovery Is About To Make Trump Look Good
March 10, 2017
.

.​

 

[mark francis]

.
The Obama Recovery Is About To Make Trump Look Good
March 10, 2017
.
View attachment 12614
.​

Trump's policies boosted the US economy tremendously but, of course, the lying and looting left believe and teach that it was Obama's 'great ideas' that finally boosted the economy under Trump after 8 years of Obama's lackluster warm ups.