Budget Deficit

President Obama's Broken Deficit Promises

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The other day I noted that in the 2008 campaign, President Obama repeatedly criticized Republicans for running sky high deficits, and letting total federal debt hit $10 trillion. Obama didn't just attack his GOP rival and the Bush administration for their poor budgeting.

As Philip Klein of The Washington Examiner points out, he also made specific promises of his own, pledging "to cut the deficit we inherited in half by the end of my first term in office" at a "fiscal responsibility summit" (LOL!) shortly after taking office in 2009.

Obama followed up that promise with assurances in 2010 and 2011 that his administration was on the path to meeting its deficit reduction goals. "When I took office, I pledged to cut the deficit in half by the end of my first term," he said in February 2011. "Our budget meets that pledge and puts us on a path to pay for what we spend by the middle of the decade." 

Needless to say, the actual path the budget took was not the one Obama promised it was on. 

Today, the Congressional Budget Office released its final monthly budget report for the 2012 fiscal year. For the fourth straight year, the annual budget deficit ran over $1 trillion dollars. At $1.09 trillion, it was equal to about 7 percent of the country's total economic output, and it was somewhat smaller than Obama's previous deficits, it was otherwise larger than any year since 1947. Not quite a personal best, in other words, but still a historic tally. 

And obviously not even close to the 50 percent reduction in the annual deficit that Obama promised. As Klein points out, Obama inhereted a $1.186 trillion deficit. The president managed to reduce that total by about 8 percent. 

When Obama made his pledge, he warned that it would not be easy. "It will require us to make difficult decisions and face challenges we've long neglected," he said. "But I refuse to leave our children with a debt that they cannot repay — and that means taking responsibility right now, in this administration, for getting our spending under control." Instead, Obama refused to take responsibility for making those tough decisions. 

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  1. I would just like to point out that the 2009 budget, which they blame on Bush, was passed when Democrats controlled both houses of Congress.

    1. Budget resolutions are not appropriations. They are pretty worthless actually.

      1. Well, that explains why they haven’t bothered to pass any for a while.

        1. A functionally retarded Congress could also explain it.

      2. Has this retarded little cunt even tried to argue anything other than petty semantics since like August? He seems to have finally given up on arguing that anything Obama has done has been successful, so he has moved on to just finding meaningless shit to disagree with.

        1. Don’t worry — come election season, I’m sure he’ll come up with something more substantial to argue about, like the size of Romney’s feet.

      3. Palin’s Buttplug| 10.5.12 @ 6:28PM |#
        ‘A budget is sort of this thing that I claim it is, unless I claim otherwise and then it’s sort of, well, something else…’

        Got it, dipshit.

  2. Is anybody but the Obamabots really surprised?

  3. As Klein points out, Obama inhereted a $1.186 trillion deficit. The president managed to reduce that total by about 8 percent.

    This is fairly common knowledge except for the Bush-loving wingnutterati that post at Hit/and/Run.

    Nevertheless, Obama did clearly fail to cut it in half.

    1. Does Tony taste like zesty lemon?

      1. You are Exhibit A of the Bushpig nut-lickers.

        Read the article. Learn. Get your head out of the GOP ass.

        1. Who the fuck said anything about the article? I was inquiring as to your preferred flavor of whipped cream.

          1. You mean that happy creamy feeling that sometimes comes out at night?

    2. That 1.186 trillion included a bunch of ONE TIME expenditures like TARP.

      To blithely continue that level of spending and then call an 8% reduction an improvement can only be posited by pure Obama-loving wingnutterati

      1. No it didn’t. TARP (like the Iraq War) was off budget “supplemental spending”.

        1. You’re fucking wrong. TARP and the stimulus were included and made permanent.

          1. TARP permanent? Are you daft?

            We don’t loan the banks $700 billion every year like Bush/Paulson did in 2008.

            1. yes that’s correct . So why is the deficit 700 billion higher than 2007?

            2. Correct, they weren’t permanent. Our government just uses that extra $700 billion on anything it wants, now.

            3. So is your favorite Kool-Aid flavor Wild African Barry or Libtard Lime?

        2. Get your head out of the koolaid tank.

          http://en.wikipedia.org/wiki/F…..1-2010.png

          These are not structural increases in spending. They jumped in 2008 and 2009 due to one time expenditures and now you want to try to pretend like these are the baseline spending levels we should be treating as normal.

          Not even close.

          1. and i’m sure we’re gonna hear how everything would be fine if we just let those bush tax rates expire on t he working class. Aren’t we?

            1. No, no. It’s

              B U S H !!!!

          2. TARP was supplemental, dumbass.

            Since Bush’s final year federal spending has been fairly constant at $3.6 trillion +/- $100 billion.

            TARP was mostly paid back.

            1. Whatever you want to call it, supplemental or not, the deficits went through the roof in 2008 and STAYED THERE for the last 4 years. Yet this is not Obama’s fault in any way? How do you explain this?

              1. sorry, excuse me. I shouldn’t have put all that pressure on you to think rationally. Carry on.

    3. Re: Palin’s Buttwipe,

      Nevertheless, Obama did clearly fail to cut it in half.

      So the other thing you said was just you undergoing catharsis? Because what matters is that Obama didn’t even try.

      1. You know another thing Obama failed to do?

        He didn’t bring back the lives of 4400 US soldiers the Bushpigs pissed away for nothing in Iraq.

        DAMN YOU OBAMA!

        1. If doggy style is so unsatisfying that it makes you this pissy, try the reverse cowgirl instead. I’m sure Tony would appreciate the hairless scenery for a change.

    4. The Bush deficit was not 1.1T, as I believe that number includes spending for FY2009 passed after Obama took office, including $400M (?) in stimulus.

      1. No, the stimulus was different from the $400 billion supplemental spending bill.

      2. It was Bush’s fault! Even the stuff that happened after Obama took office.

    5. This is fairly common knowledge except for the Bush-loving wingnutterati that post at Hit/and/Run.

      It’s might be common knowledge, but it’s incorrect knowledge. When Bush left office, the deficit was under $800 billion. It only skyrocketed above the trillion-dollar mark after the porkulus bill and a supplemental $400 billion spending bill was rammed through by the Democrats and signed by Obama.

      I’ve told you this before, with link, and yet you persist in falsehood, Shriek.

      1. I’ve told you this before, with link, and yet you persist in falsehood, Shriek.

        You say this as if he is actually attempting to honestly argue. Someone who self-identifies as a butt-plug is clearly made of shit.

    6. God damn you are such a little demfag, fucktard. Just because we don’t like Obama (and fuck Romney, his white brother while you’re at it) doesn’t mean we’re all Glenn Beck watching tin foil hat wearers.

      WE ARE NOT FUCKING REPUBLICANS AND WE ARE NOT FUCKING BUSH LOVERS YOU FUCKING INBRED PIECE OF SHIT.

      Also, try to read what people show you so you know the difference between the truth and the bullshit the dems cover their dicks with before you suck it off.

  4. Instead, Obama refused to take responsibility for making those tough decisions.

    It was either deciding on what spending to cut and taxes to raise or on whether to take a mulligan on the bad lie on the eighth fairway. He chose the latter. There’s only so much decision making one guy can undertake.

    1. You can’t expect Ebony Messiah to do everything. Those obstructionists super-libertarian inflitrators in Congress need to stop sabotaging Obama’s initiation of Utopia.

      1. President Skroob: Guys, you got to help me! I can’t make decisions, I’m a president!

        1. OBUMMER HASNT REDUCED BUSH DEFICITS! BLAME HIM!

          1. Do you and Tony prefer KY Jelly, or is it classics all the way with Vaseline?

            1. Are you Old Mexican? I only ask for two reasons. You’re equally vulgar, but Latinos are the one minority group you haven’t slurred today.

              1. You’re just mad I outed your preference in anal lube. Welcome to the Internet, pinko.

                1. While your connoisseurship of personal lubricants is impressive, your inability to argue anything without descending into preteen sexual humor or bigotry means what, do you suppose? Do you suppose it means the grown-up libertarians around here think you’re a counterproductive embarrassment to their cause, perhaps?

                  1. I’ll bite.

                    1) There’s nothing to argue with you — or your better half, Shrike, for that matter. Your offerings in any discussion or debate are strictly limited to debilitatingly stupid canards, and they all seem like predesigned templates to which you only make the minimally necessary alterations before flinging them into a given victim’s face.

                    You’re like a broken drone, only you’re also sentient and a fucking retard.

                    2) Who said I was a libertarian?

              2. Re: Tony,

                You’re equally vulgar,

                And pedestrian. Don’t forget pedestrian.

                And you’re still a fool, Tony. And THAT does not go away with age or practice, whereas I can be much less vulgar whenever I wish.

          2. OBUMMER HASNT REDUCED BUSH DEFICITS AFTER SAYING HE WOULD CUT THEM IN HALF!

            Clearly all Bush’s fault.

        2. If he wins again 2012, can we just assume his teleprompter is, in fact, the de facto commander-in-chief?

          1. There was something sublime about seeing Obama give a rebuttal to Romney’s debate points at a rally–a day and a half later and with two teleprompters visible on the stage.

            http://www.dailymail.co.uk/new…..pters.html

            1. It’s probably SkyNet. Where’s John Connor when you need him?

            2. I kept waiting for Obama to make a Jerk-Store comment today.

              1. I kept waiting for signs of sentience, but none were evident. President Teleprompter 2012!

            3. I placed the link in my facebook page. What cracks me up is how the Dems are using the Big Bird comment to obfuscate their Messiah’s dismal performance. I know because my sis links to those all the time (she’s a big time Dem.)

              1. It’s beyond ludicrous. I guess we’ll just have to wait and see whether Hussein I’s messes have been bad enough to edge the electorate away from him.

              2. My condolences. I have a sister like that too. It brings shame to every one under 65 in the family.

            4. The French call this “l’esprit d’escalier,” coming up with a witty rejoinder when you’re walking away down the steps.

            5. Obama supporters decry his lack of teleprompter at first debate

              Obama supporters lined up to greet the president in Madison, Wisc., on Thursday. While there, they were asked by Rebel Pundit if they thought it was fair that Obama didn’t have his teleprompter at the debate this week.

              Video at the link.

              1. I didn’t know he wasn’t allowed to use it. They fucked him over! I knew there was something fishy going on with Romney dominating the debate.

                Off to find my shovels and dig an Obama Shelter. They Walk Amongst Us.

              2. No. Why did you have to post that? It was painful.

                It is hard to memorize an entire hour and a half debate

                We are so fucked.

  5. If only we had let those Bush tax cuts expire on the working class we’d be fine now.

  6. Sounds like a pretty solid plan to me dude.
    http://www.TotalAnon.tk

  7. Today, the Congressional Budget Office released its final monthly budget report for the 2012 fiscal year. For the fourth straight year, the annual budget deficit ran over $1 trillion dollars. At $1.09 trillion, it was equal to about 7 percent of the country’s total economic, and it was somewhat smaller than Obama’s previous deficits, it was otherwise larger than any year since 1947.

    Actually, according to the Debt to the Penny charts on the Treasury’s website, it was $1.27 trillion.

  8. “But I refuse to leave our children with a debt that they cannot repay ? and that means taking responsibility right now, in this administration, for getting our spending under control.”

    And yet he wants to spend a shit ton of money on green energy start-ups and high speed choo-choos, in addition to other things like hiring more government workers and such.

    1. Unless inebriated Secret Service have a train to take them to Vegas, they’ll crash their cars into pregnant women while driving at retardedly high speeds.

      Why do you hate unborn children?

      HIGH-SPEED RAIL 2012!

    2. And ObamaCare.

      Uh — silly me. I forgot, those cheap Mexican immigrant laborers are going to either save or make us so much money by boosting the economy, that ought to pay for ObamaCare for all the rest of us.

  9. Well everyone here agrees with the Republican House that a budget compromise means giving the Republican House everything it asks for without them having to give anything, so I guess there’s no point in arguing that Obama doesn’t actually control the budget and has not had good faith participation from those who do.

    1. It’s sunflower oil, isn’t? I fucking knew it.

    2. Re: Tony,

      Well everyone here agrees with the Republican House that a budget compromise means giving the Republican House everything it asks for without them having to give anything,

      Just like all budget compromises with a Dem House means giving the Dems everything they want while they shaft you with false promises.

      so I guess there’s no point in arguing that Obama doesn’t actually control the budget and has not had good faith participation from those who do.

      He DID enjoy 2 straight years of total control of the House and Senate, so you’re either being disingenuous or dishonest, or a knave, or a fool. Which one is it?

      1. “2 straight years”? You are full of shit.

        It was 24 days.

        1. So the Team Red Dipshits put Pelosi and Reid in charge of Congress for two years? They’re dumber than I thought.

          1. Team Red had filibuster power for all but 24 days.

            Team Blue had to roll Robert Byrd into the Senate from ICU to break one filibuster and they no doubt had to lift his hand for the vote.

            I know this shit. Hannity if for you low-info types.

            1. HAHAHAHAHAHA. Low-info is a TEAM BLUE wingnut meme.

            2. You can’t filibuster the budget, bright boy. Not that Harry Reid would pass one.

              1. And even if they could have filibustered, the important fact is that they didn’t. You can’t do nothing and then say “They would have stopped us if we did do something!”

        2. Re: Palin’s Buttwipe,

          It was 24 days.

          No, it was 2 years. Otherweise the celebration 2 years prior would not have been so effusive. *You* are full of shit.

          Team Red had filibuster power for all but 24 days.

          So what? A filibuster can always be broken.

          1. It’s the signature tactic of progressive shitstains and their beloved Congressmen — justify colossal fuck-ups and missed opportunities with procedural circumstances.

        3. Actually, more like 5 months:
          Did The Democrats Ever Really Have 60 Votes

          And, if the standard for control of Congress includes being filibuster-proof, then which presidents have had this luxury besides Obama.

          Bush II – no
          Clinton – no
          Bush I – no
          Reagan – no
          Carter – YES

          Since the turn of the 20th century, here’s the list of presidents who enjoyed filibuster-proof majorities (before Carter, the Senate required 2/3 for cloture and now requires 3/5):

          Teddy Roosevelt
          FDR
          LBJ
          Carter
          Obama

          Libertarian stalwarts there.

          1. Bush II – no
            Clinton – no
            Bush I – no
            Reagan – no

            I guess none of these guys bear any responsibility for their budgets either, since they didn’t have filibuster-proof majorities. I’m sure glad the Bushs and Reagan are off the hook, *phew*. Plus, we can write off Clinton completely. /redshriek

            1. I wasn’t attempting to make a team red argument – just citing how rare it’s been for a president to have a filibuster-proof majority. Though, I did find it interesting that two of the most statist presidents ever (FDR and LBJ) enjoyed this luxury.

              By the way, I consider Bush II to be the worst president of my adult life (though, Obama could surpass him).

              1. I know you weren’t. I was just using Shrike and T o n y’s logic in order to tweak them a bit.

              2. Though, I did find it interesting that two of the most statist presidents ever (FDR and LBJ) enjoyed this luxury.

                I think it helps explain a lot. It’s harder to garner more power for yourself when the opposite party has power.

  10. Palin’s Buttplug| 10.5.12 @ 7:12PM |#
    “You know another thing Obama failed to do?
    He didn’t bring back the lives of 4400 US soldiers the Bushpigs pissed away for nothing in Iraq.”

    Yeah, dipshit, and he’s spent 3+ years making sure more soldiers die. Does that make you happy

  11. Didn’t scan all of the thread; someone may have beat me to it:
    ‘President Obama’s Broken *Everything* Promises’
    He’s probably promised to, oh, eat dinner one evening and did so, but you’re not going to run out of fingers counting the times he didn’t lie.

  12. Hold it one motherfucking minute. When the fuck did Barack Hussein Obama ever promise he was going to reduce the motherfucking deficit?

    Everything he ever promised could only have guaranteed deficits into the future, forever.

    Why the fuck was anyone ever full by this empty suit?

    1. “full” should be “fooled”.

    2. Reason promises us that it was good to punish the Republicans. And in case you’re wondering, they’re going to pull the same indirect “Vote Democrat!” stunt again this year. Because they keep running the “Romney isn’t really any different than Obama” BS.

      I didn’t have time to destroy Gillespie’s latest spin along these lines, but it would be so very easy to do. A transparent pitch for the FUCKING DEMOCRATS.

      Let’s remember, as ObamaCare destroys our capacity to access decent health care services at *any* price, that Reason says the Republicans would have done the exact same thing to us.

      The Republicans may be rotten, but they don’t generally destroy civilization at anything approaching the rate that Democrats achieve with the greatest of ease.

      1. Sorry, old chap. My comment had nothing to do with what McCain in 08, or the Romniac 2012 might do.

        No matter which branch of the single American Party, Demopublican or Republicrat you elect, it’s deficits all the way down, just like creation.

      2. And better to suffer through 10 Iraq wars or great depressions than attempt the expansion of access to basic needs in a way that every other major country has more successfully accomplished than we. You are delusional.

        For all rational people the Bush era was a genuinely traumatic experience. It contributed hugely to my political beliefs, which, sadly, must necessarily be reducible to staving off a clear and present danger. Republicans are an asteroid collision. They are antirational kleptocrats in the most important economy in the world. Bad!

        Or is tax cuts for people richer than you will ever be the single most important thing to you?

        1. T o n y| 10.6.12 @ 2:36AM |#
          “And better to suffer through 10 Iraq wars or great depressions than attempt the expansion of access to basic needs in a way that every other major country has more successfully accomplished than we.”

          Uh, shithead, that’s not an alternative you’re offering, it’s Obama’s record. Except for the implied healthcare; he screwed the pooch on that.
          Oh, and you’re worship of Euor-socalism only provides further proof on your ingorance, shithead.

      3. I haven’t heard Reason “promise” (i.e. “advocate”) for particular voting strategies. And the idea that they’re going to vote Democrat is more laughable than the notion that they all voted Democrat in 2008 (a few said they were going to, but they weren’t a majority). And Reason has never said that the Republicans were going to pass their own version of Obamacare. You’re just flat-out making things up.

  13. That looks like its gonna be good ddue. Wow.

    http://www.GetPrivacy.tk

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