About That Budget Deficit, Mr President

Last night on those two occasions when the Messiah was challenged on his budget and the huge debt he is piling on our children, and grand children, he blamed Republicans. Mistake? Maybe, maybe not. But here are the facts. And stay with the story to see O’Reilly take on Bob Beckel on this topic.First here’s the one question that at least shook the house a bit from NBC’s Chip Reid who must be in the first year of a three year contract with NBC. 

I will be the first to admit the Republicans spent much too much on things the government has no business throwing dough at … but Obama takes this kind of spending to a whole new level. Here’s what the AP actually reported last Friday.

President Barack Obama‘s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush’s presidency, congressional auditors said Friday.

The new Congressional Budget Office figures offered a far more dire outlook for Obama’s budget than the new administration predicted just last month — a deficit $2.3 trillion worse. It’s a prospect even the president’s own budget director called unsustainable.

and here’s what the Heritage Foundation discovered.

wapoobamabudget1

So why continue to throw stones at the Republicans. Democratic Strategist Bob Beckel gives you the answer at the end of this video, but what I like in particular about this is the way O’Reilly boils the Obama budget down to simple terms even Beckel could understand.

5 replies
  1. SoundOffSister
    SoundOffSister says:

    Gotta love those "out years".  Will any of us live long enough to figure out not only what they are, but when they are?

  2. Dimsdale
    Dimsdale says:

    "It buys him time."  Nice.  While the "one" is buying time, maybe he could buy a little economic common sense.  Truth isn't that expensive either.

    Inherited or not, how does multiplying his "inherited" deficit by what is fast approaching an order of magnitude make things better?  And didn't Bush, out of a sense of courtesy, leave $350 billion of the first TARP money to Obama to spend as he saw fit?  So all of that "inherited" deficit isn't exactly inherited, is it?

  3. PatRiot
    PatRiot says:

    "Uhh ! I have had enough."  Tell me how much $$ is coming in this year and I will tell you how much is available to spend, save, paydown debt and invest.  Not a dime more.  How hard is this?  THEN – don't squeeze the taxpayer, create more of them.  Why are they making this more complicated than it needs to be? 

  4. davis
    davis says:

    Just out of curiosity: do the numbers from 2003 to 2008 include the cost of the Iraq and Afghanistan wars?

Comments are closed.