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ORIGINAL: rulemylife

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ORIGINAL: willbeurdaddy

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ORIGINAL: rulemylife


And this is another thing that really cracks me up in how the GOP plays on ignorance.

Obama Had Record Deficit Of $1.42 Trillion In FY 2009, Three Times More Than Previous Record Last Year. “The Obama administration has released new deficit numbers, and they are not pretty. The deficit for fiscal year 2009, which ended Sept. 30, came in at a record $1.42 trillion, more than triple the record set just last year.” (David Jackson, “Obama Team Makes It Official, Budget Deficit Hits Record. By A Lot,” USA Today’s “The Oval“ Blog, 10/16/09)

The fiscal year that ended on September 30th was Bush's budget.

Obama's first budget began with the new fiscal year.

Too bad the stimulus that was added by Obama, not by Bush is in those numbers. FAIL again

Willbeur, you really need to start doing some research before continuing to make yourself look foolish time and again.


The 2009 budget deficit—How did we get here?

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In March 2009, the Congressional Budget Office (CBO) projected a baseline deficit of $1.67 trillion, or 11.9% of gross domestic product (GDP) for fiscal year 2009. This was up from a deficit of $459 billion in fiscal year 2008, or 3.2% of GDP, and a reversal from surpluses a decade ago.

These growing federal deficits are the result of four primary factors: the 2001and 2003 tax changes; the external effects of the current recession; increased Bush-era spending, including spending on the wars in Iraq and Afghanistan; and the various short-term responses to the recession, including the American Recovery and Reinvestment Act (ARRA) and financial market bailouts.

The recession itself is the most important cause, responsible for just under half of the deterioration. The ARRA constitutes less than a tenth of the total deterioration since 2001.

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ORIGINAL: willbeurdaddy


rofl. its contributed less than a tenth since 2001, but its been in effect less than a year. How much did it contribute to this years change? FAIL as usual.

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ORIGINAL: rulemylife

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ORIGINAL: willbeurdaddy


rofl. its contributed less than a tenth since 2001, but its been in effect less than a year. How much did it contribute to this years change? FAIL as usual.

Ohhhhhhh, Willbeurrrrrrrr.

You really need to spend more time listening to the talking horse.

He's amazingly intelligent and I'm sure he can explain a few of these things to you.

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ORIGINAL: willbeurdaddy

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ORIGINAL: rulemylife

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ORIGINAL: willbeurdaddy


rofl. its contributed less than a tenth since 2001, but its been in effect less than a year. How much did it contribute to this years change? FAIL as usual.

Ohhhhhhh, Willbeurrrrrrrr.

You really need to spend more time listening to the talking horse.

He's amazingly intelligent and I'm sure he can explain a few of these things to you.

Fail again. Dredging up old insults doesnt make your poor grasp of facts any more excusable.

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ORIGINAL: rulemylife

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ORIGINAL: willbeurdaddy

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ORIGINAL: rulemylife

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ORIGINAL: willbeurdaddy


rofl. its contributed less than a tenth since 2001, but its been in effect less than a year. How much did it contribute to this years change? FAIL as usual.

Ohhhhhhh, Willbeurrrrrrrr.

You really need to spend more time listening to the talking horse.

He's amazingly intelligent and I'm sure he can explain a few of these things to you.

Fail again. Dredging up old insults doesnt make your poor grasp of facts any more excusable.

You really are starting to become a lot of work Willbeur.

Especially when the facts are there and not hard to find.



White House projects record deficit for 2009 - CNN.com



WASHINGTON (CNN) -- President Bush's budget chief blamed the faltering economy and the bipartisan stimulus package for the record $482 billion deficit the White House predicted for the 2009 budget year.

Jim Nussle, the director of the Office of Management and Budget, said the deficit would be about 3.3 percent of the nation's gross domestic product, the measure of the nation's total economy.

The fiscal year begins October 1, 2008. The federal deficit is the difference between what the government spends and what it takes in from taxes and other revenue sources. The government must borrow money to make up the difference.

While the deficit would be a record in absolute dollar terms, Nussle said it would be below the 2004 deficit, 3.6 percent of GDP, and the record deficit of 1983, 6 percent of GDP, when compared with the size of the overall U.S. economy.

White House spokeswoman Dana Perino said the stimulus package was necessary, even if it increased the deficit. "We do think the plan was the right one, and it will have an effect," she said. "And the best way to help reduce the deficit is to make sure you are keeping a lock on spending, but also that you can also try to help to build the economy. So we hope this will help us pull out of the economic downturn over the next few months because of the stimulus package.