Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama Shatters Spending Record for First-Year Presidents (Captain Obvious!)
Foxnews ^ | 11/24/2009 | Staff

Posted on 11/24/2009 6:05:47 PM PST by Red in Blue PA

President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.

That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office.

(Excerpt) Read more at foxnews.com ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: notbreakingnews

1 posted on 11/24/2009 6:05:49 PM PST by Red in Blue PA
[ Post Reply | Private Reply | View Replies]

To: Red in Blue PA
$3.52 trillion
2 posted on 11/24/2009 6:06:47 PM PST by Red in Blue PA (Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
Whatever happened to the debt clock which led the evening news every night a few years back????
3 posted on 11/24/2009 6:07:28 PM PST by Red in Blue PA (Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red in Blue PA

This deficit is a disgrace.


4 posted on 11/24/2009 6:07:39 PM PST by etradervic (Democrat uber deficit spending proves that the swine flu originated in DC)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
 Our Leader
5 posted on 11/24/2009 6:08:21 PM PST by Tawiskaro
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

There is no system available left that can calculate it, even the 64 bit operating systems have failed. Basically, it was decided to just stop tracking it, it can never be repayed, and frankly, nobody cares, let’s just keep partying till we all die ...


6 posted on 11/24/2009 6:08:53 PM PST by Scythian
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red in Blue PA

Still Bush’s fault? not.


7 posted on 11/24/2009 6:08:55 PM PST by Redcitizen (Zartan for President 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
I'm shocked, SHOCKED, I tell you!
8 posted on 11/24/2009 6:10:15 PM PST by sofaman (To be or not to be is not a question of compromise. Either you be or you don't be. - Golda Meir)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

So? Obama Derangement Syndrome!/s

9 posted on 11/24/2009 6:12:43 PM PST by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
Obama Shatters Spending Record for First-Year Presidents
10 posted on 11/24/2009 6:16:58 PM PST by A.A. Cunningham (Barry Soetoro is a Kenyan communist)
[ Post Reply | Private Reply | To 1 | View Replies]

To: A.A. Cunningham

I did not see that....In any case, mine has a linky!


11 posted on 11/24/2009 6:18:27 PM PST by Red in Blue PA (Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Red in Blue PA

It was sold at a garage sale.


12 posted on 11/24/2009 7:00:40 PM PST by Gator113 (Obama is Americas First Failed Black Pres-dent.....)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red in Blue PA

$3.52 treason.


13 posted on 11/24/2009 7:06:57 PM PST by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red in Blue PA

After several attempts to reach the Captain, I am forced to go up the chain of command. Get me General Nonsense!


14 posted on 11/24/2009 7:39:26 PM PST by Das Outsider ("It's a California 'thang.'" -- Michael Savage)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
Whatever happened to the debt clock which led the evening news every night a few years back????

A few years back GWB was in charge (although with a RAT-run Congress) and so it was extremely popular for the lame stream media to continue with its Bush Bashing 24x7. Now that we have the first ever Arab-American President in the WH one should never ever say anything negative or they will be branded a racist. The man-child is simply not capable of any wrong doing under such circumstances. Man-child is reportedly only 6% black, 44% Arab, and 50% white - not that anyone should care, but just to dispel the popular myth of his blackness. Buba Klintoon was the First Black US President.
15 posted on 11/24/2009 7:57:23 PM PST by Cheerio (Barack Hussein 0bama=The Complete Destruction of American Capitalism)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red in Blue PA

Yeah, ok people. Obama is a moron, but we will come out of this eventually, no problem. We’re America, we can do it!


16 posted on 11/24/2009 8:10:29 PM PST by ReaganCaesar (w)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

Yeah, ok people. Obama is a moron, but we will come out of this eventually, no problem. We’re America, we can do it!


17 posted on 11/24/2009 8:10:35 PM PST by ReaganCaesar (w)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tawiskaro

Excellent!!!


18 posted on 11/24/2009 8:10:59 PM PST by avacado
[ Post Reply | Private Reply | To 5 | View Replies]

To: Red in Blue PA

He’s spent more than the entire tenure of two-term presidents. Makes me sick.


19 posted on 11/24/2009 9:14:06 PM PST by Excuse_My_Bellicosity (Liberalism is a social disease.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReaganCaesar

“Yeah, ok people. Obama is a moron, but we will come out of this eventually, no problem. We’re America, we can do it!””


Are you freaking nuts?


20 posted on 11/24/2009 10:56:38 PM PST by borntobeagle (speechless)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Red in Blue PA

Look, there’s plenty of shame in this for Obama. We can all agree on that point. Bush has plenty to be ashamed of as well though. I don’t think we’re being very honest with ourselves if we don’t admit that.

Obama is unbearable. Bush was a major disappointment to me, and I expected him to be a disappointment from the start. He exceeded my expectations in that department.

This last fiscal year has been absolutely horrible for the nation. Both major parties suck hind tit!


21 posted on 11/24/2009 11:43:37 PM PST by DoughtyOne (A MELTING POT not a potters wheel. Join us. Don't try to turn this nation into the one you fled.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Das Outsider

“After several attempts to reach the Captain, I am forced to go up the chain of command. Get me General Nonsense!”

Long time, no see.

B U M P


22 posted on 11/25/2009 4:18:31 AM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Red in Blue PA
I'm shocked, shocked to find that gambling is going on in here!

[Casablanca]

23 posted on 11/25/2009 4:35:46 AM PST by MajorThomas (Patriotism is supporting your country all the time, and your government when it deserves it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA
http://news.google.com/news/search?um=1&cf=all&ned=us&hl=en&q=plant+closing&cf=all

green shoots, shovel ready.....

24 posted on 11/25/2009 4:59:59 AM PST by TornadoAlley3 (Obama is everything Oklahoma is not.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReaganCaesar
“Obama is a moron, but we will come out of this eventually, no problem. We’re America, we can do it!”

The United States is roughly 12 Trillion in debt. There are roughly 45 Million taxpayers in the United States. To pay off the debt owed by the United States, each taxpayer would have to pay roughly $300,000.

The average savings balance of an American household is about $32,000.

The debt simply can't be paid off. SNL hit the nail on the head in it's recent skit spoofing Obama.

http://www.nbc.com/saturday-night-live/video/clips/china-cold-open/1178451/

25 posted on 11/25/2009 6:00:55 AM PST by Gabrial (ObamaCare: The efficiency of the Post Office, the compassion of the IRS, the costs of the Pentagon)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Cheerio

And you can bet all his failures will be blamed the 50% white.


26 posted on 11/25/2009 7:00:25 AM PST by ducks1944 (GOD Bless the USA .)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Red in Blue PA

Oh worrying about the debt, and how much the wars in Iraq and Afghanistan are costing is soooo 2004!


27 posted on 11/25/2009 8:23:45 AM PST by americanophile (Sarcasm: satirical wit depending for its effect on bitter, caustic, and often ironic language.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Red in Blue PA
I don't think he cares. The plan is to knock US off its pedestal (George soros words). The way they spend at the white house when the rest of the country is hurting. All of the parties and travel. Michelle Obama's dress she wore last night took 40 people in Indian 3 weeks to make. Probably paid with tax payer money, her personal trainer and staff. They flaunt the spending.

They are acting like royalty.

28 posted on 11/25/2009 8:25:40 AM PST by opentalk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

and yet this morning I saw on FOX a Dem who was still harping on about Bush leaving us debt.

these braindead idiots on the left think because Bush left us a debt that it is OK for their messiah to spend more than all the presidents combined


29 posted on 11/25/2009 9:58:05 AM PST by manc (Marriage is between a man and a woman, end of. -end racism end affirmative action)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ReaganCaesar

please tell me you’re being sarcastic


30 posted on 11/25/2009 9:59:56 AM PST by manc (Marriage is between a man and a woman, end of. -end racism end affirmative action)
[ Post Reply | Private Reply | To 17 | View Replies]

To: opentalk

Barack Obama will be known as the ‘post’ American President.

The ‘progressive’ agenda is to loot and pillage this nations treasure in revenge for the victims they created.


31 posted on 11/25/2009 12:59:16 PM PST by griswold3 (You think health care is expensive now? Just wait till it's FREE!)
[ Post Reply | Private Reply | To 28 | View Replies]

To: manc
and yet this morning I saw on FOX a Dem who was still harping on about Bush leaving us debt.

And although GWB was hardly a fiscal conservative, did this same Dem mention that the debt has skyrocketed since the Democrats took control of both Houses of Congress in January '07?

Did he also point out the votes on the exhorbitant spending bills where Senator Obama voted 'nay'?!

Didn't think so.

32 posted on 11/25/2009 1:49:00 PM PST by mellow velo
[ Post Reply | Private Reply | To 29 | View Replies]

To: mellow velo

exactly and I was shouting at the TV for Monica Crowley to say what you said to the Dem.


33 posted on 11/25/2009 4:03:47 PM PST by manc (Marriage is between a man and a woman, end of. -end racism end affirmative action)
[ Post Reply | Private Reply | To 32 | View Replies]

To: Red in Blue PA

34 posted on 11/25/2009 4:49:24 PM PST by Diana in Wisconsin (We have a Pisher in Chief!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Psycho_Bunny

You know this Bozo asshole is not spending his affirmative action gained money, he is spending my hard earned money which does not belong to him!

When will the rest of you get enough of this crap?


35 posted on 11/25/2009 5:11:15 PM PST by tiger63
[ Post Reply | Private Reply | To 13 | View Replies]

To: tiger63

Huh? The rest of us? I honestly consider what Obama and Congress are currently doing to be treason.


36 posted on 11/25/2009 5:40:57 PM PST by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Redcitizen

It’s now Sarah’s fault /s


37 posted on 11/26/2009 6:06:29 AM PST by Loud Mime (The time to water the tree of liberty approaches...)
[ Post Reply | Private Reply | To 7 | View Replies]

To: stephenjohnbanker
Holy ...!

You're alive and well, I take it?

We have a *lot* of catching up to do.
38 posted on 11/26/2009 6:12:45 PM PST by Das Outsider ("It's a California 'thang.'" -- Michael Savage)
[ Post Reply | Private Reply | To 22 | View Replies]

To: borntobeagle
Are you freaking nuts?

At first pass, I'd tend to agree. But on second thought, nothing less than a total trainwreck will get the current crop of Americans off their couches and on their feet. We need that if this country is going to survive.

It won't be easy, but we can survive even this mess--IF we learn from it, discard the socialist crap and impediments to innovation and small business which have accumulated over the last few decades and get our butts in gear.

We are still the best country in the World, and once we shuck off the burden of dead weight (and by that I do not mean those who are unable to support themselves or the elderly, but the parasite classes who masquerade as public servants) we'll do one heck of a lot better.

It's past time we cleaned house, philosophically, morally, and physically.

Once we do, we'll be in a fine position to recover.

39 posted on 11/28/2009 8:52:07 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Gabrial
The debt simply can't be paid off.

It can, it will take time, innovation, and the creation of wealth by Americans, not farming that out.

First, though, we have to quit spending a third of our annual budget servicing the debt.

How?

Previously, the US Treasury issued United States Notes, which were legal tender, circulating currency and which eliminated the middleman (The Federal Reserve). Issue our own currency, (direct debt), not bonds. The onus of interest will slowly go away.

It won't be over night, but it will get progressively better.

Send the illegals home.

Enough Americans are out of work that they might not be so picky about those jobs they supposedly would not do.

Cut the size and scope of government back to more Constitutional dimensions, and save a fortune, use some of that boon to cut taxes. (yes, cut!--so business, especially small business can flourish, and so individuals have more incentive to make money)

Reduce public relief programs. Subsidizing poverty has caused poverty to become a way of life, instead of getting people to seek ways to lift themselves from their situation--and get the government out of the way.

Cap credit card interest and finance fees to encourage better lending practices. People cannot fuel an economic recovery with usurious interest weighing them down.

I'm no economist, just an oilfield geologist. If we drill for our own oil, on and offshore, there will be a host of jobs created right here at home, and money will not be bleeding into the hands of those who wish us ill, either. Again, removing government impediments is key to this. Federal lease fees and production royalties from onshore and offshore leases alone could go a long way toward paying down the debt.

These are only a few high points, but some of them. Basic Conservative policy, implemented and maintained will save this country, and that means some serious housecleaning at the Federal and often the State level.

40 posted on 11/28/2009 9:08:45 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
[ Post Reply | Private Reply | To 25 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson