Let's look as well. The economic bailouts and loans to keep markets afloat......were designed as much by Obama and Clinton and the Democrats in the Senate as they were by Bush. Congress if you'll remember, have majorities in both houses of Congress at the time. Policies concerning home ownership and consumer credit more to blame on the Congress than on the Executive Branch. Banks of course have their share of the blame as do We the People who continue to have a dirty little credit secret. Few have savings, few can take care of themselves in retirement, most must look to the federal government and become dependent as they need that money to live. Not be secure, but to survive.
The Democrat Party, it's insistence on spending initiatives and centralized government. Those defending this blatant spending like Walnut and Bethere...are a destructive force on this nation's economic health and well being. Basically, their opinions are a national security threat.
The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.[5]
https://en.wikipedia.org/wiki/2009_U...federal_budget
tell me, jodl, who was president on june 5, 2008?
Obama a most influential Senator at the time when you say Congress. Bush called all parties together as well in finding solutions to the asset crisis of 2007-2008. Budgets....come from Congress. The budget deficit created from loan and asset relief initiatives(much of that paid back by the way), were a discretionary spending increase much like the Stimulus(that will never be paid back by the way, it's gone).
http://usgovernmentspending.blogspot...n-deficit.html
People naturally assume that the annual Deficit is the total that the Federal government borrows each year. Actually this is not so. The Deficit is simply the difference between Federal Outlays and Federal Receipts. Usually, the Feds borrow a lot more than the official Deficit.
Oops
Bethere and Walnut and Nic as well need to be reminded......the reduced deficits tries to create a narrative where Obama was doing well for the economy.....he added 9 trillion dollars of national debt. Deficits in 2011 actually exceeding 2010...but nevermind the swings.....he was adding massive debt to the economy. Unsustainable debt.
www.usdebtclock.org
Here is reality, why not one of you Leftists click it up and explain to me what's so great about that truth and pain website.
MisterVeritis (02-27-2017),stjames1_53 (02-24-2017)
www.usdebtclock.org is the point. Click. Learn. Understand. Then comment. Ok?
www.usdebtclock.org
I'm waiting.......is it the unfunded mandates you can't believe? The fact that we're sending the federal government over 4 trillion dollars in tax receipts and they're running 500+ billion dollar deficits? Is it the number of people on the government dole, the shrinking numbers of the people actually f'n working that has you alarmed? Perhaps the sheer amount we spend annually on social security, Medicare, Medicaid, federal pensions, or interest on our own debt the reason you deafen me with silence
Oops my ass. Obama was one of 100 votes in the Senate. Then there are the 435 votes in the House. You grossly exaggerate Obama's influence as a senator. 535 men and women, plus GWB, were responsible for the FY 2009 budget, which was put in place BEFORE Obama became POTUS, even before he was elected. As POTUS, he had to live with a budget he did not even propose for the first months of his presidency. To try to blame him for it, as you appear to be trying to do, is utterly asinine, and utterly out of touch with reality.
nic34 (02-27-2017)