You ever realize that when someone decides to put the words “Fact Check” in front of something while retorting a claim made by a politician that 90% of the time the reader simply assumes it is true? I use to be guilty of this myself years ago. However, with maturity and an education I discovered that words were nothing, even statistics used to “fact check” are bias and often times misleading. I’ve seen so many articles posted about Obama not being a huge government spender, in fact one claim is that he is the smallest government spender since Eisenhower. Well, here is your fact check from the CBO and Obama’s own Budget proposal.
Okay, here we go- People are trying to blame the runaway debt on the budget proposed and approved in 2008. It is their poor attempt at protecting Obama. It’s not his fault the debt is like this, it’s Bush’s fault. Sure, the previous administration proposes a budget, however, what congress approves is often times very different. However, the Fiscal Year 2009
budget proposed by Bush only added a 3% spending increase from the fiscal year before. To make this clear FY 2009 ran from October 1, 2008 until September 30, 2009. Obama’s term began the 20th of January, 2009. However, does anyone care to recall who controlled Congress in 2008? That’s right, the Democratic majority. The budget that Pelosi, then Senator Obama, and other Congressional Democrats approved added an additional 14.9% spending increase, bringing to total to 17.9% increased spending for fiscal year 2009.
Let’s take a trip down memory lane shall we? In FY 1981 Reagan entered the White House. Reagan was red tapped for one of his first acts as President, which was to drastically cut the budget he was provided by the Carter Administration/Congressional Democrats. Reagan along with a bi-partisan congress pushed through BILLIONS in budget cuts for FY ’81 resulting in a 5% decrease in that FY budget. President Obama had every chance to do the very same thing. In fact, he had an even better opportunity to do so with a completely Democratic controlled Congress. So why didn’t he? Even with incredible runaway inflation, which masks the true glory of Reagan’s continued budget cuts, Reagan managed to trim Federal spending relative to GDP from 23.5% to 21.2%. This was translated into a decrease in the magnitude of government relative to the economy of 10%. An incredible accomplishment.
Obama’s first plan? The stimulus. An increase in federal spending of nearly 1Trillion dollars, which was not only the most expensive piece of legislation up until that point in America’s history, it also failed. The latest non-partisan CBO report is warning of an additional 2 million (+) jobs lost, >9% unemployment and an almost certain double dip recession beginning in 2013. Is this what Obama wants us to look “Forward” to? How did taking a trillion dollars out of our economy, borrowed at interest, owed back by the taxpayers, to stimulate the economy make any sense?
This wasn’t enough for Obama and the Democratic Congress though. They then passed a $410 Billion dollar Supplemental Spending bill for FY 2009 instead of making the cuts that Reagan took a hit for over 3 decades ago. Then in 2009 came a $40 Billion dollar expansion to SCHIP entitlement spending. That’s just the beginning folks… hold your horses. Then in 2010 came Obamacare. The largest unconstitutional government takeover of the private sector in the history of the United States, which was also the largest spending bill in the history of the world. The non partisan CBO report says it will cost over 1.6 Trillion dollars in the first 10 years, followed by an unknown price tag of trillions more every year it is law. Obama’s four years were reported in Obama’s own 2013 budget as $1.413 trillion for 2009, $1.293 trillion for 2010, $1.3 trillion for 2011, and $1.327 trillion for 2012, four years in a row of deficits of $1.3 trillion or more, the highest in world history. His own party even voted no on his latest budget proposal. In fact, not one single Democrat voted to support the President’s proposal. So how does blaming Republicans even work for the President? In the history of the world there has never been a proposed budget exceeding $1 Trillion dollars. In fact, the highest ever before was $458 billion in 2008, which is less than 1/2 a Trillion. That is four years of record setting deficit budgets. See what happens when you don’t actually have a budget and you just use a blank check? In stark contrast the federal deficit for the last budget adopted by a Republican controlled Congress was $161 billion for fiscal year 2007. Compare that to a $1.327 Trillion dollar deficit proposed by Obama. During the 4 years of Obama’s power-grip on the nation’s debt he has racked up more debt than George Washington-George W. Bush. Impressive accomplishment there Mr. Obama.
Under budget policies supported by President Obama, federal spending would be projected to soar, using the proposed rate, to 30% of GDP by 2027, 40% by 2040, 50% by 2060, and 80% by 2080. Obama’s 2013 budget proposes to spend $47 trillion over the next 10 years, the most in world history by far, increasing federal spending by $1.5 trillion above the current CBO baseline. The Public debt held by you an I for 2011was $10.1 Trillion dollars. However, that’s not enough for the President. Under what Obama is proposing, he thinks that should go up to $20 Trillion dollars in the next 9 years.
Folks, let’s be real. The Liberals can spin the numbers how ever they like, but the man’s own budget tells a very different story from what they would have you and I believe. The Debt clock doesn’t lie people.