Facts About Obama Spending and Debt

I am so tired of hearing from the tea baggers about how Obama ran up our debt and increased spending and is going to bankrupt the United States...It is true that spending under Obama has increased but I want to clear up all the misconceptions that you tea baggers have about how you are manipulating numbers to try and prove your point.

The bottom line is this: OBAMA HAS ONLY SUBMITTED TWO BUDGETS! THE 2010 and 2011 BUDGET. BUSH SUBMITTED THE 2009 BUDGET which was $3.1 Trillion.

Obama and Congress did have some stimulus add ons to the 2009 budget that added $185 billion (6%) to the 2009 fiscal year but it was ultimately drafted by the Bush administration.

That's how it works, the budget is always submitted the year prior to that fiscal year by the President which in this case was Bush in 2008 who submitted the 2009 budget.

So all the debt, deficit and spending numbers being used to calculate Obama's "increases" start with his 2010 budget, not Bush's 2009 budget.

The 2010 Budget was Obama's first budget. And of course with the small amount of spending increases by Obama, you have to account for the fact that he actually put the Iraq war ($130 Billion) on the budget (overseas military contingencies) which Bush did not(supplemental appropriations)...Not to mention the fact that the wars are still not over and we are still paying for them....And then of course all the interest on the Bush debt...And of course the decrease in revenue due to the Bush economy (-$420 Billion in 09). So not all of the increases in the 2010 budget were actual "Obama spending", like the $209 Billion, or 6% of our 2010 budget which is going towards interest on past debt, a lot of which is Bush's debt.


Here are the facts.

Ending in fiscal year 2001, the US had a surplus $127 Billion
The DEFICIT for Bush's 2009 budget was $1.42 Trillion.
Obama's 2010 Budget saw a deficit of $1.45 trillion...A 2% increase from Bush's 09 budget
Obama increased our national debt by 13.8% in 2010
Bush's increased the national debt 18.8% in 2009 and had increased the debt 11.2% in 2008.
The national debt at the end of 2000 before Bush's first budget was submitted was $5.6 Trillion, for the last Bush budget in 2009 the debt had increased to $11.9 Trillion, a 110% increase.


Over 60% of our budget is dedicated to the following:
Defense Spending (20%) - (Everything included, it's actually much higher than this)
Social Security (20%)
Medicare (13%)
Medicade (7%)


Obama didn't invent any of these, nor was he responsible for the wars or Empire which requires so much revenue for defense nor was he the one who has been borrowing from social security, nor did he have anything to do with the 2000 tax cuts ($2.2 Trillion) nor did he have anything to do with the HMO (Nixon) that allowed medical costs to skyrocket and thus make medicare and medicade as expensive as they are.

2009 also saw a 17% decrease in federal receipts (bad economy) from 2008...Also something Obama had nothing to do with.

So now we know that Obama has very little to do with our overall debt and deficit situation. The next time a teabagger tries to get away with blaming the 2009 budget on Obama, kick him square in his teabags.

I'm not the only one saying this!

Why Fiscal Conservative Should be Voting for Obama

When the next idiot conservative who just got done with his daily, Two minutes hate, brain washing from Rush Limbaugh or Glen Beck talks about how Obama is some fiscally irresponsible big government spender, tell them to stop listening to fantasies and fairy tales and look at the facts:

Bush tax cuts for the rich cost us: $2.2 Trillion
Useless war in Iraq: $731 Billion
2008 Bush bailouts for rich bankers: $700 Billion

= $3.6 Tillion towards our deficit.

Our deficit for 2009 was $1.42 Trillion. So without Bush and his spending and economic planning disasters, we would be running a $2.18 Trillion dollar surplus and the richest 2% of our country would be paying the same tax rate they were paying during the prosperous '90s.

Lets not forget that "defense" spending for 2010 is $663 Billion....Supporting the two largest airforces in the world to fight guys in caves with IED's.

When will these morons start realizing that the $700 Billion that Bush and Paulson spent in October of 2008, went on the 2009 budget, not the 2008 budget so when Obama took office, he inherited that spending and so his budget for 2009 increased by that $700 billion overnight. The total increase in the 2009 budget was $960 Billion so 73% of the budget increase for 2009 was Bush spending. THAT WAS NOT OBAMA SPENDING!!!!

And let's also not forget that now the deficit is forecast to decline to $1.17 trillion by the end of 2010 and to $533 Billion by 2013...Thanks to Obama!

60% of our budget is dedicated to the following:
Social Security
Defense Spending
Medicare
Medicade (8.19%)

Social Security and Defense accounts for 38% of our total budget.

None of these programs were invented by Obama.