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. 

httpv://www.youtube.com/watch?v=LPGm-iCnen4

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.

httpv://www.youtube.com/watch?v=jzhqDeiR04c

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

5 Comments

  1. SoundOffSister on March 25, 2009 at 12:54 pm

    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 on March 25, 2009 at 3:21 pm

    "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 on March 25, 2009 at 3:38 pm

    "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 on March 26, 2009 at 3:46 am

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



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