Bush Deficit Vs. Obama Deficit

H/T drillanwr at Dollard's.

Heritage Foundation:

Bush Deficit vs. Obama Deficit in Pictures

President Barak Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s.

What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details:

- President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.

- President Bush began a string of expensive finan­cial bailouts. President Obama is accelerating that course.

- President Bush created a Medicare drug entitle­ment that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new govern­ment health care fund.

- President Bush increased federal education spending 58 percent faster than inflation. Presi­dent Obama would double it.

- President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already in­creased this spending by 20 percent.

- President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.

- President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.

 

This is part of the change sponge-bama promised.This is change we DO NOT NEED!

Bush made several mistakes, but unemployment was below 4% in 2005, the economy was booming, the deficit was actually being reduced, the stock market was at record highs and confident, and he was in the middle of a war. And all this even with a Democrat majority in CONgress from 2006 on.

Bush may have been "bad" according to you leftist reprobates but, it is clear to me and many others that Obama and his den of thieves are rapidly becoming this countries worst nightmare.

Current unemployment rate is currently 9.5%, already on par with the worst recession since the Great Depression. Read more here; Unemployment Rate On Par With 1982 Recession.

Related: U.K. Bond Auction Fails for First Time Since 2002
 

The Better Man

H/T Pat Dollard.

Bush refuses to criticize Obama in Canada

CALGARY, Alberta - Former President George W. Bush says he won’t criticize President Barack Obama because Obama “deserves my silence,” and says he plans to write a book about the 12 toughest decisions he made in office. Bush’s speech Tuesday at a luncheon in Calgary, Alberta was his first since leaving office.

He declined to comment about the Obama administration like former Vice President Dick Cheney. Cheney said Sunday that Obama’s decisions are threatening the nation’s safety.
Bush says he doesn’t know what he’ll do in the long term but says he’ll write a book that will let people determine what they would have done if their most important job was to protect the country.
(AP)

Latest Post from Mike Pence's Facebook Page

We Can Do Better

Fri 6:50pm

The American people know, and House Republicans know, our nation is facing a serious recession. American families are hurting. Many have lost their jobs, many millions more are worried that they’ll be next. House Republicans know that Congress must do something, but it’s important that we do the right thing.

As this debate begins today, we just heard moments ago from a distinguished colleague and others that somehow Republicans are about saying ‘no.’ Well let me say with great respect to the gentleman: this is not about saying ‘no.’ This is about saying ‘yes’ to solutions that will put Americans back to work.

Republicans have brought forward such solutions, built on the time-honored experience of President John F. Kennedy, of President Ronald Reagan, in the experience of this nation with the impending recession that followed September the 11th. We didn’t go on a spending spree on Capitol Hill. We didn’t offer Americans a $13-a-person tax cut. John F. Kennedy, Ronald Reagan, this Congress and this government after September the 11th under George W. Bush cut taxes across the board for working families, small businesses and family farms. And, the economy grew. But what has the majority brought to the floor today?

The truth is this stimulus bill will do nothing to stimulate this economy in the long term. The only thing the Democrats’ stimulus bill will do is stimulate more government and more debt. The American people are asking, ‘What’s $13 bucks a week gonna do to get this economy moving again for the average American? What’s $2 billion for community organizing to organizations like ACORN going to do to get Americans from the unemployment line to the factory line? Or millions to begin rationing health care or to purchase green golf carts going to do to put families back to work in Indiana?’

As the gentleman said, I had a town hall meeting Monday myself in Indiana. A thirteen-year-old girl stood up, told me that her dad raising her and her sibling alone as a single parent had lost half of his hours at work, gone from 40 hours to 24 hours. And she stood up bravely in front of 300 Hoosiers and she said, ‘Anything in that bill, Congressman, that can help my dad get back to full time?’ And I looked at little Hillary, congratulated her for her courage, and I said, ‘Hillary, because I can’t answer “yes” to your question that there’s anything in this bill that’s gonna help get your dad get back to full time, I can’t vote “yes” on this bill.’ And the 300 Hoosiers in that room exploded in agreeing applause.

The American people know what’s going on here. The American people know that this Administration and this Congress are about to pass a bill that will not grow our economy; it will merely grow our government. We can do better. We must do better. This Congress owes the American people no less.