Obama’s And Democrats’ February Budget Deficit Of $229 Billion Is Almost FIFTY PERCENT MORE Than Last GOP Congress’ ENTIRE YEAR’S Deficit Under Bush

As insane as that sounds, it is true.  Democrats under Barack Obama managed to pull off a one-month deficit of $229 billion.  That is 41.4 percent higher than the ENTIRE YEARS’ BUDGET DEFICIT of $162 billion passed by the last Republican Congress under George W. Bush for fiscal year 2007.

From the Washington Times:

Govt. sets record deficit in February
By Stephen Dinan – The Washington Times
Thursday, March 8, 2012

The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars.

The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 cents of every dollar it spent during the first five months of this fiscal year.

The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever. The previous high was $223 billion a year ago, in February 2011.

It is the 41st straight month the government has run a deficit — itself a record streak that dates back to the final months of President George W. Bush’s tenure. Before now, the longest streak on record was 11 months.

For all of fiscal year 2012, which began Oct. 1, the budget analysts said the government has raised $869 billion in revenue but spent $1.5 trillion so far.

Congress and President Obama sparred for most of last year on how to cut spending, but the CBO’s figures show that spending has actually remained flat in 2012 once the timing of certain payments has been adjusted.

Mr. Obama last month released a budget that showed the government averaging $1 trillion deficits for the rest of this decade. House Republicans are working to write their own budget now, while Senate Democratic leader Sen. Harry Reid of Nevada has said he doubts his chamber will write a budget this year.

The Democrat Party is the party of demon-possessed insanity.  That’s the only way to put it.  Let’s consider the progression as shown in a Los Angeles Times article from 2008.  For a little background, the $162 billion deficit for 2007 was the last deficit passed by a Republican Congress while George Bush was president.  The very next year, Nancy Pelosi and the Democrat-controlled House and Harry Reid and the Democrat-controlled Senate passed a budget with a deficit of $455 billion – which for the official record was 181 percent higher than the Republicans’ last deficit.  That is very nearly THREE TIMES the deficit from a party that had spent the last eight years demonizing Republicans for their spending.

Federal deficit hits record $455 billion
The shortfall for fiscal 2008 is larger than was feared. It is likely to be a key issue in the last weeks of the campaign.
October 15, 2008|Richard Simon | Times Staff

WASHINGTON — Compounding terrible economic news, budget officials announced Tuesday that the federal deficit has soared to a record $455 billion, injecting new urgency into the closing days of the presidential campaign about spending in Washington, including efforts to stem the financial disaster.

The final accounting for fiscal 2008 produced a larger shortfall than had been projected, reflecting the start of federal efforts to address the economic emergency. It is certain to become a significant issue in the campaign, confronting the candidates with new questions about their growing slate of proposals for new spending and tax cuts at a time when red ink is surging.

“The reality is that the next president will be inheriting a fiscal and economic mess of historic proportions — the legacy of President Bush’s failed policies,” said Sen. Kent Conrad (D-N.D.), chairman of the Senate Budget Committee. “It will take years to dig our way out.”

The deficit is likely to be even bigger next year as the country copes with the worst financial crisis since the Depression.

The new figure breaks the previous record deficit of $413 billion in 2004 and more than doubles the 2007 deficit of $162 billion. It has focused new attention on government spending, coming just days after the National Debt Clock in New York City ran out of digits to record the overall national debt, which passed $10 trillion.

In Congress, the record deficit is likely to intensify debate over Democrats’ efforts to pass another economic stimulus package, perhaps worth $150 billion, and over the issue of fiscal discipline.

Administration officials blamed the deficit in large part on the nation’s economic troubles, which produced lower than expected tax revenues and led to passage of an economic stimulus package that included tax rebates.

Note that “blame Bush” has been the only Democrat strategy pretty much since Bush took office.  It has now dominated Barack Obama’s entire presidency up to this point and he will NEVER take responsibility for his failed economy.

Obama rammed a stimulus through Congress in 2009 that cost not a mere $150 billion, but $862 billionObama’s “experts” assured us that if we passed this stimulus boondoggle, unemployment would never reach 8%.  It of course went to 10.4% and has NEVER got to 8% during Obama’s entire presidency.

Of course, the real unemployment rate is actually over NINETEEN PERCENT.  But Obama can keep playing with numbers to cover up that massive failure.  Nevertheless, the fact of the matter is that the nonpartisan director of the nonpartisan CBO testified that Obama’s policies had destroyed jobs and would continue to destroy jobs.

Do you want to know why the stimulus didn’t work?  The answer is actually pretty damn simple: BECAUSE KEYNESIAN ECONOMIC STIMULUS PROGRAMS HAVE NEVER WORKED ANYWHERE.

And when you look around at all the countries that are doing better than the United States, the single common factor is that they didn’t pass a massive stimulus boondoggle like we did under Obama (see also here and here).

Which is why Obama’s stimulus actually RAISED unemployment.  And which is why Obama was forced to admit that he would leave unemployment higher than it was when he found it.

What’s funny is that Obama’s own damn experts admitted that Bush’s policies were better for the economy than Obama’s.  Which is probably why they were kicked out and Obama’s “economic team” has become a revolving door of incompetence since.

Oh, and by the way, the actual cost of Obama’s stimulus will actually end up being $3.27 TRILLION rather than a paltry $862 billion.  Just in case money or debt matters to you at all.

And the same Obama who admitted that his “shovel-ready stimulus wasn’t as shovel-ready as he thought” said that the only damn thing his one-track Marxist mind could think of was to double down and try ANOTHER failed stimulus boondoggle that would largely benefit his special interest just like his first one did.

And rather than do a damn thing to fix the broken economy, Obama and his Democrat fools spent over a year railroading the unconstitutional socialist takeover of our health system otherwise known as ObamaCare.  Which we keep finding out (remember when Nancy Pelosi said we’d have to pass ObamaCare to find out what is inside it?) is exploding the deficit and will KEEP exploding the deficit.

Welcome to God Damn America, people.  If you like it, vote for Obama again.  By the time this useful idiot of the coming Antichrist is finished, you won’t have a country left five years from now.

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4 Responses to “Obama’s And Democrats’ February Budget Deficit Of $229 Billion Is Almost FIFTY PERCENT MORE Than Last GOP Congress’ ENTIRE YEAR’S Deficit Under Bush”

  1. william wallace Says:

    The money is the least of the problems / american govts
    having claimed the right to print money /whatever please
    no country dare complain // as they will be branded being
    terrorists the enemy of freedom the enemy of democracy.
    ((( besides no nation wishing in seeing the collapse of the worlds economy thus a USA holds the world to blackmail.

    The far greater problem for americans is BARACK having
    signed away every individuals right to a fair trial /it being
    any individual can now be arrested // refused a lawyer …
    there be no charge / no court / no trial / the individual simply lbeing locked up in prison for any length of time…
    if a trial then such behind closed doors // under military
    law / where the verdict being that of guilty ( no appeal ).

    BARACK is one of the biggest fraudsters that ever come
    to president // having put the knife into every americans
    back / depriving all of their basic human rights / rights….
    rights that so many shed their blood gave their lives in
    attaining // centuries of struggle in gaining basic rights
    removed by the stroke of a pen in the darkness of night
    by a heartless creature as BARACK an appalling betrayal
    of the people //by those whom put into govt to protect
    the rights of the people // yet blinded by lust of power greed of wealth they having reversed the role being the servant of the people // to that of master of the people
    in the process the people treated as sheep to be fleeced
    children be treated as nought but lamb for the slaughter.

    The american people must open their eyes // as gain in
    courage /& claim back their freedom as true democracy.

  2. Michael Eden Says:

    William,

    A lot of good points.

    But the way we’re going to end up paying – and by “paying” I mean collapsing and having our republic replaced by something vile – is going to be related to our debt resulting in a currency collapse.

  3. Neil Clark Says:

    Actually, NO good points in this typical lying-through-omission by the apologists for the Bush-Baby fiasco. You conveniently `overlooked’ the costs of Bushies `off the books’ wars in Afghanistan (understandable but bungled) and Iraq (totally fabricated and unnecessary) of between $3.5 TRILLION and $5 TRILLION (and this can’t include the decades of hardship that will be borne by returning vets with physical and mental wounds), and the Medicare Drug Benefit give-away to pharmaceutical companies added $15.5 TRILLION to the deficit (don’t believe me – read this Forbes article…and Forbes is hardly a `left-leaning’, anti-business organization.

    http://www.forbes.com/2009/11/19/republican-budget-hypocrisy-health-care-opinions-columnists-bruce-bartlett.html

    So your boy Bushie saddled us, our kids- and grand-kids with between $18 TRILLION and $20 TRILLION in debt even before they grenaded the economy with deregulation of the mortgage and banking `industries’.

    Stop lying to us, and stop lying to yourselves.

  4. Michael Eden Says:

    Neil Clark,

    What an absolute dumbass you are.

    First of all, your “Bushies’ off the books’ war in Afghanistan” crap is precisely that.

    Congress ALONE has authority over financial and budgetary matters. Something called “the Constitution” that you fascists have never bothered to understand points that out.

    Every penny of the wars was properly accounted for, contrary to your liberal conspiracy fantasy. You can file the Bush off-the book crap with the “9/11 truther” conspiracy that Bush blew up the World Trade Center towers.

    The Democrat Party was in the embarrasing position to need to support the wars and yet need to not support them. Bush agreed with NANCY PELOSI and HARRY REID as to how to vote and fund the wars. On the one hand, if Democrats voted against funding the war, they would have alienated the majority of Americans who believe that our troops need to be funded and supported in time of war. On the other hand, Democrats knew that their base wanted them to do what no Congress has ever done and refuse to support our troops in the field and leave them high and dry without any bullets with enemies all around them. I’ve documented this before and won’t waste my time on it again because people like you are lunatic nutjobs.

    I’m not going to defend the Bush prescription drug program – BECAUSE IT WAS THE EXACT SAME KIND OF MASSIVE SOCIALIST SPENDING/GOVERNMENT TAKEOVER CRAP THAT PEOPLE LIKE YOU GENERALLY LOVE.

    The fact that your “documentation” consists of an OP-ED COMMENTARY piece for the Bush-Medicare prescription drug thing that I won’t even bother with and ABSOLUTELY ZERO EVIDENCE OF ANYTHING regarding your Bush spent $20 trillion that nobody will ever know about whackjob theory pretty much tells me all I need to know about your willingness or ability to have “good points.”

    Now get lost.

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