Republican myth debunked

Mott the Hoople

Mott the Hoople

Sweet Jane
While Republicans love to paint President Obama as someone who’s done nothing but spend, spend, spend—reality tells a different story.

Let’s get a few facts out of the way. Yes, we’ve spent a lot of money since 2008. Yes, we’re still currently running budget deficits. Yes, we still need to get spending under control. And yes, there’s still a lot of work to be done.

But this right-wing myth that President Obama has been some kind of “Spender in Chief” is completely absurd.

In 2008, our deficit was $458.6 billion. For 2013, it will be $680.3 billion. Is that still a lot of money? Absolutely. But it’s still down from 2012 when our deficit was $1.09 trillion, and it’s headed back towards the levels we had before the economic crash.

And let’s not forget that the 2009 budget, which President Obama gets saddled with, was actually passed by George W. Bush. How large was that deficit? $1.4 trillion. So, what does that mean exactly? That President Obama has cut deficits by more than half since he became president.


More at:

http://www.forwardprogressives.com/...s-below-1-trillion-for-first-time-since-2008/
 
1966stang said:
Much better than Mr Reagan,I think. Thank you for this factual and thoughtful post.
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ROFL.....
us-debt-graph-2020.jpg
 
Mott the Hoople said:
And let’s not forget that the 2009 budget, which President Obama gets saddled with, was actually passed by George W. Bush. How large was that deficit? $1.4 trillion. So, what does that mean exactly?
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for one thing, it means the Democratically controlled House and Senate passed a really expensive 2009 budget.....
 
PostmodernProphet said:
for one thing, it means the Democratically controlled House and Senate passed a really expensive 2009 budget.....
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Yea cause the Government had to spend a nearly a trillion dollars socializing risk for greedy Wall Street Bankers who collapsed our economy so as to prevent a recession from becoming a depression. The real bitch was when we started to recover those same bastards who tanked out economy were able to privatize the profits that us tax payers paid for. Mission Control to Houston. We have a problem here!
 
Mott the Hoople said:
Yea cause the Government had to spend a nearly a trillion dollars socializing risk for greedy Wall Street Bankers who collapsed our economy so as to prevent a recession from becoming a depression. The real bitch was when we started to recover those same bastards who tanked out economy were able to privatize the profits that us tax payers paid for. Mission Control to Houston. We have a problem here!
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first the Wall Street bailout was the brainchild of the guy Obama put in charge of the Treasury and even then that was about the only money Washington ever spent that got paid back eventually.....wish we could say we got the same kind of value out of the "stimulus" spending....
 
Rana said:
It just makes it a shorter distance to scroll. ;)
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It keeps me sane as well. When I was in the eighth grade, we used to talk politics around the lunch table. I have kept in contact with those guys. Couple of the people here would not have been able to keep up with even That conversation!
 
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