Posted on 08/30/2012 11:47:00 AM PDT by moonshot925
30 September 2001 = 5,807,463,412,200
30 September 2009 = 11,909,829,003,512
Total Increase = 6,102,365,591,312
Increase in by Fiscal Year
FY 2002 = 420,772,553,397 FY 2003 = 554,995,097,146 FY 2004 = 595,821,633,587 FY 2055 = 553,656,965,393 FY 2006 = 574,264,237,492 FY 2007 = 500,679,473,047 FY 2008 = 1,017,071,524,650 FY 2009 = 1,885,104,106,599
sorry about the formatting
There will be talk of cutting spending, but it will be token in nature. No politician can afford to truly cut spending. Even Paul Ryan’s “draconian” budget had debt growing over the next ten years.
U.S. On The Highway To Hell
http://www.freerepublic.com/focus/f-news/2923926/posts
1)”The Omnibus Appropriations Act, 2009 (H.R. 1105, Pub.L. 111-8) It was signed into law by President Barack Obama on March 11, 2009.
Full title-—Making omnibus appropriations for the fiscal year ending September 30, 2009, and for other purposes.”
The House of Representatives version of the bill includes $410 billion in spending.”
2)”The American Recovery and Reinvestment Act of 2009, ...enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.
Full title -—An act making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, State, and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes.
The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831...”
There’s roughly $1.2 trillion that was added to FY 2009 that had nothing to do with Bush. Just Obama,Reid,Pelosi
Great graphics...
Don’t you think that Republicans who claim they are fiscal conservatives should balance their budgets?
But no Republican has balanced the budget since Eisenhower.
Shows that even with a liberal bias it doesn’t look good for Barry.
Not really but at least he did finally use the veto pen. He had to wait until the opposition Party arrived, did manage to pull out his pen once while the repubs were in, stem cells, lol, but I guess Party comes before principles. Learning a lot about that recently.
If there was a vision he could of made mince meat of the dems and called their bluff.
NO OPNE here is going to defend Bush II’s spending, but he did have 9/11 and two wars to deal with
AND they tried to stop fannie mae before the housing meltdonw which was the main reason FOR all the stimulus spending
Your figures tell only a portion of the story. Wikipedia gives an informative view of the National Debt as a Percent of the GDP:
2001-56.6
2006-64.0
2008-69.6
2009-84.4
2010-93.4
Obama and the progressives have pushed the debt up while restricting the private sector.
“Don’t you think that Republicans who claim they are fiscal conservatives should balance their budgets?”
Yeah! I think all Presidents should veto unbalanced budgets unless we are at war. Obama said Bush was “unpatriotic” due to the $4 trillion debt he racked up in eight years. What’s that say for Obama? Don’t you think Obama is unpatriotic?
The CBO projected a $1.2 trillion deficit for FY 2009 on 7 January 2009.
This was two weeks BEFORE Obama took office.
http://money.cnn.com/2009/01/07/news/economy/cbo_2009_budget_outlook/
“moonshot925
Since May 19, 2012”
That does not alter the annual deicits.
We expect and condemn it when done by democrats, in Congress or as Potus.
We excuse it when done by GOP.
The Tea Party is supposed to change this.
“Don’t you think that Republicans who claim they are fiscal conservatives should balance their budgets?”
Name ten fiscal conservative Republicans off the top of your head. Don’t cheat.
We are aware how fiscally irresponsible they have been. That is kind of what the TEA party was all about. What are you proposing?
Did this awaking that you posted about just occur to you today?
2009 should not count, learn about baseline budgeting. Pres. Bush was a moderate spender in the grand scheme of things. I just wished he played hardball more with the dems and some members of his own Party
The way I recall it, the Republicans got kicked out in 2006 in large part because of their lack of fiscal restraint. People wanted to punish them, which is understandable, but electing democrats was a pretty dumb idea, in retrospect.
Obama re-worked it and sign off on the adjusted budget four months into the year. The new deficit number was $1.4 TRILLION.
Funny how your same post is going around DU!
Fact is Repubs lost power in 2006.
Repubs and Bush had nothing to do with 2009 spending. Bush put up a placeholder budget and Reid rejected it.
Obama and Dems blew it all open in 2009 - Stimulus, etc.
Plus, when the democRATs gained control of both the House and Senate, they threatened Bush with shutting down the government, to include the two wars, social security and medicare.
Your point is not well researched, nor is it relevant to the current deficit and debt situation.
In the fwiw department, I remember what is posted to me, and what I respond to.
5.56mm
Was TARP not suppose to be paid back (Plus interest)?
I doubt that those numbers reflect Bush’s proposed budget. In fact, I know they do not. Again, not a Bush fan. Voted for him in 2000, and then realized my mistake after Medicare part D. What a bunch of suckers we were.
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