Posts Tagged ‘Bush spending’

Obama’s Spending Versus Bush’s: Yes, Obama Is Spending NEARLY THREE TIMES MORE Than Bush Did – And Don’t Even THINK About A 2nd Obama Term

July 27, 2012

I got yet another hoity-toity self-righteous sanctimonious lecture from yet another garden variety liberal regarding an article I wrote titled, “Who Spent More? Average Bush Vs. Average Obama Spending Per Day Proves Obama Most Reckless And Irresponsible EVER.”  She rants about “truth” and “logic” and asserts – without believing she should have any reason to back up any of her claims in response to an article that is filled with documented facts.

This is my slightly cleaned-up response:

How about a little “truth” and “logic” for you.

Truth 1: http://www.youtube.com/watch?v=1kuTG19Cu_Q

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.” — Barack Obama, 3 July 2008

Now, liberals don’t mind lies. Liberals don’t mind bogus personal attacks. Liberals don’t mind slander. As long as it comes from the left. But truth #1 is that Barack Obama demonized George Bush and promised the American people that if we elected him:

Truth #2: Obama promised that he would cut the deficit in half by the end of his first term:

“Today I’m pledging to cut the deficit we inherited by half by the end of my first term in office,” Obama said. “Now, this will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. 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.”

Fact (“logic”): Federal deficit for 2008 that Obama inherited: $459 billion. Deficits since Obama took office: 2009: $1.413 trillion; 2010: $1.293 trillion; 2011: $1.300 trillion; 2012: $1.327. George Bush didn’t pass the stupid stimulus that will cost the American people $3.27 TRILLION and which didn’t do anything but create a political slush fund for Obama to use for his political cronies.

Fact (“logic”): Let’s consider that Obama rammed his stimulus through ($862 billion) and put it on Bush’s fiscal year budget tab even though Bush didn’t pass it and Republicans most certainly didn’t vote for it. Obama rammed a giant Omnibus bill through his Democrat Congress for another $410 billion that very few Republicans voted for. That’s also on the 2009 budget deficit. Obama of course blamed Bush for the entire $700 billion for TARP even though Obama voted for it and even though Bush gave Obama fully half of it ($350 billion) to spend in his own administration. Obama rammed through the federal takeover of GM and the $24 billion that went into that bailout. Even as Obama praises himself for it and exploits it to attack Republicans, in actual fact he attributes every single penny that paid for that bailout to Bush’s presidency even while he lies like a snake in misrepresenting its costs and benefits. That, for the record, if you add it up, is $1.646 trillion in Obama spending that Obama sneaks into the 2009 deficit which gets attributed to the last year of George Bush.  And on top of that Obama calculated that the Iraq War would go on forever unless Obama ended it such that ending the war was “his savings” even though in fact Bush had negotiated the Iraq withdrawal before leaving office. Obama in citing the end of the Iraq War as “his savings” implicitly claims that he is saving $100 billion a year even though that’s an outright lie because Bush had already won the war and negotiated the withdrawal of forces. Obama deceitfully and dishonestly saddled all of that debt and bogus assumption onto Bush in order to fabricate a huge “Bush deficit” that Obama actually compiled and then conveniently made that “Bush deficit” his baseline for “Bush’s deficit”. Rather than the actual Bush record over eight years.

Obama does that because he can’t lie and fabricate Bush’s actual real deficits. As an example, the last budget deficit that was passed by George Bush under Republican leadership was for only $161 billion for Fiscal Year 2007.
The fact of the matter is that annual budget deficits under Bush and Republicans are now MONTHLY deficits under Obama and Democrats.  The fact of the matter is that Democrats have not passed a budget for 1,180 days so far.  The fact is that Obama doesn’t want you to think about that kind of leadership Bush demonstrated over his presidency; he wants you to think about “Bush’s debt” in 2009 with all of Obama’s very OWN vile spending packed onto it after HE took office in 2009. That just continues the trend of a president who has proven pathologically incapable of assuming responsibility for anything: it doesn’t matter if Obama did it, it’s “Bush’s fault.”

Fact (“logic”): “Today I’m pledging to cut the deficit we inherited by half by the end of my first term in office.”   We now know that Obama is a liar without shame.  Because today the deficit is 189 percent higher than the one that Obama inherited when Obama promised the American people it would be 50 percent lower.

Truth #3: Bush added $4.8 trillion to the national debt over eight years in office (it was $5.768 trillion the day Bush II assumed office). Obama has added $6 trillion in just his first four years.

Fact (“logic”): “The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated.”

Fact (“logic”): The national debt is currently at $15.914 trillion and soaring faster than the eye can follow.

Fact (“logic”): That’s an increase of $5.287 trillion under Obama’s watch. Which aint anywhere near over yet even if he isn’t re-elected. This time last year the national debt was $14.3 trillion (July 28, 2011). At Obama’s rate of debt spiralling, the national debt will be $941 billion higher than it is right now by January 20, 2013. Which means the national debt will be $16.9 trillion by the time he’s gone even if he gets his ass kicked out of office the way he so richly deserves given his own lies and rhetoric.

I said $6 trillion in four years. And yes, Obama will have increased the debt by MORE THAN $6 trillion in just four years: from $10.6 to $16.9 trillion. And it might be even worse than that because this fool is clearly completely out of control.  Assuming no surprises, that is $6.3 trillion in just four years compared to the $4.8 trillion over eight years that Democrats demonized Bush over.

For the record, just to kill yet another liberal lie, “Bush’s wars” were NOT “unfunded.”  It was DEMOCRATS who took the Iraq and Afghanistan War spending “off the books” because Nancy Pelosi and Harry Reid did not want to put liberal Democrats in the position of voting for war spending and at the same time they did not want independents to vote against Democrats for refusing to support the troops in time of war.  Every penny of the wars was properly accounted for by means of other spending authorization devices that showed up in Bush’s debt.  As this article points out, even in 2009 several departments including Defense, the Veterans Administration, Military Construction, and Homeland Security were not being funded using normal budget methods.

Another liberal lie that needs to die and stay dead is that Bill Clinton gave us a budget surplus.  Bullcrap.  The national debt increased EVERY SINGLE YEAR OF THE CLINTON PRESIDENCY.

Stop believing lies or at least have the decency to stop voting.

Obama has been spending at a rate of at least 2.625 times the spending rate that Bush racked up over his eight years in office.  As it is, only an utterly rabid nutjob would claim that Bush somehow spent more than Obama – but tragically we’re surrounded by rabid nutjobs.  And that 2.625 times is actually if everything is rosy; because the fact of the matter is that Bush’s second four years were considerably worse spending-wise than his first four – and there is no reason that Obama – should he be re-elected – will repeat that history.  In fact I believe the debt will explode like nothing we can possibly imagine if America is cursed with another four years of Obama.  Consider the fact that ObamaCare ALONE has a $17 trillion funding gap.  And the damn healthcare takeover hasn’t even been implemented yet so it can truly explode.

And when it comes to spending, “In Obama’s second term, it’s on, because we don’t have to worry about re-election.”  And if it’s not “on” already, we’re going to implode, sink and die if it gets turned “on” in a second Obama term.

Advertisements

Democrats Want More Than Your Share Of Your Wages. And More. And More.

May 24, 2010

Are we taxed enough as Americans?  Should we be outraged over the level of taxation?  Read this and tell me why you shouldn’t be.  And explain to me why the Democrats are right in confiscating more and more of Americans’ property, and Republicans are wrong in trying to allow citizens to hold on to more of what they earn:

The Government’s Share Of Your Paycheck
Is Bigger Than Your Share

Hard work is good for you.  It is better for the government.

Here is the scenario:  A musical composer applied for a job with a theatrical production company to write the music and lyrics for a new stage production.  The arrangement was, lyrics and music and all artistic rights in return for a compensation package of $100,000. The composer agreed, thinking this would give him an opportunity to purchase that very special collector’s automobile he had been dreaming about for years and is now available for $95,000.

At the end of his contract the production company was happy with the composer’s work and wrote the promised check to the composer’s financial manager.  Upon the manager’s presentation of the composer’s paycheck, the composer became very angry and retorted “They promised me $100,000 and this check is for only $49,560 what happened to the rest of the money.”

The financial manager replied, “The rest of the money went for taxes.  Your government has determined they are entitled to share in the fruits of your labors.  You were paid $100,000 and that placed you in the federal 28% tax bracket so that left you with $72,000.  Then we had to withhold federal self-employment FICA taxes of 12.4% and medicare taxes of 5.8% and those taxes totaled another 18.2% or $18,200 so that left you with $53,800.  And, the State of Arizona’s share of your labors is another 4.24% or $4,240 so that left you with $49,560.  Here’s your check, go spend it wisely.”

Well, there goes my dream of the special collector’s car so I guess I will have to settle for a new Cadillac that I can purchase in these troubled times for $45,000 and I will have nearly $5,000 left over which will be enough for my wife and me to drive from Phoenix to San Diego in our brand-new car and purchase a cruise on the Mexican Riviera. Wine, dine and sunshine.  Life is good.

Off to the Cadillac dealer and after selecting the model and options and negotiating the price to $45,000 the composer said “I’ll take it.  Hooray!”

The dealer handed the bill to the composer for $49,503.  The composer shouted “What?  We agreed on $45,000.  There goes my cruise”  The Cadillac dealer said “Arizona is entitled to share in the fruits of your labors and their share of your purchase is State, County and City sales taxes of 8.3%, or $3,735 and Registration and License fees of $768 for a total Arizona share of $4,503 and the dealer charges $50 as a documentation fee bringing the total purchase price to $49,553.  Here is a check for $7.00 as change for the $49,560 check you gave us.  Go spend it wisely.”

This might be a true story.  Somewhere in this vast country a similar scenario has happened.

Now, let’s look at the big picture.  A man worked and earned $100,000 and governments took $50,440 right off the top leaving the worker with $49,560 to spend.  When he spent it, governments grabbed another $4,503 in additional taxes.  This is a total of $54,947 (or 55%) of this worker’s earnings.  Plus, do not forget, to have $4.500 left over to pay the state governments their share of his purchase, the worker had to earn $9,000 BEFORE income taxes.  Should you wish to purchase a $45,000 automobile, you must earn $100,000 to do so.

Your governments tax you when you earn money and tax you when you spend money.  And, if you do not spend it, they will tax your estate when you die.  When the George Bush tax cuts expire next year and the Death Tax returns to 55%, your government will have taxed the first 50% when you earned it, and then grab the remaining 50% when you die.

And the Obama Democrats want more!

It never occurs to the government to stop spending.

That’s the way I see it.
July 17, 2009

This is the kind of thing that applies in virtually every sphere under the sun.  Take gasoline taxes.  Did you know that the government takes twice the dollars in gasoline sales taxes than the oil companies do in profits?  And do you know who pays that? You better know, you sucker; because it’s YOU.  The oil companies pass on all the taxes imposed by Democrats to you, the quintessential resident sap.  Every single time the government imposes taxes on businesses, those business pass those taxes on to you in the form of higher prices.

Another thing that is interesting emerges from this paragraph on the states with the highest state income taxes.  The author uses Arizona, presumably because he is from that state.  But Arizona has a measly 4.24% tax rate.  If he wanted to really make his case, he would have used a different state with a higher tax rate:

New Jersey residents paid 11.8%, topping the charts.  New Yorkers were close behind, paying 11.7%, and Connecticut was third at 11.1%.  The top 10 were rounded out by Maryland (10.8%), Hawaii (10.6%), California (10.5%), Ohio (10.4%). Vermont (10.3%), Wisconsin (10.2%) and Rhode Island (10.2%).

What is interesting and informative is every single one of those ten states with the highest tax rates – every single one – is a Democrat state that voted for Barack Obama.

How do liberals define stealing?  If the government seizes my property, just because it has the power to do so, how is that not stealing?  How is it not stealing when the welfare-wanting masses vote to seize the assets of people who obtained their wealth through hard work and sound investment while they were sitting on the couch in front of the boob tube and pissing their money away with compulsive buying?

Another thing that should be pointed out is that Americans – even BEFORE the November 2008 election that gave us Barack Obama to go along with overwhelming Democrat majorities in Congress – believe that higher taxes hurt the economy by reducing both revenues and jobs.

It’s simply amazing how false promises and demagogic accusations have managed to sway people to vote against their values – and for people who will undermine those values.

Benjamin Franklin said, “When the people find that they can vote themselves money, that will herald the end of the republic.”  In voting for Democrat total control, the American people essentially decided to send the United States crashing down.

As much as Democrats shrilly demagogued the Bush spending (which actually WAS outrageous), they are now entirely responsible for spending which utterly dwarfs anything Bush ever dreamed of imposing.

Consider that Obama spent more in just 20 months in office than Bush did in his entire 8 years.

From the Wall Street Journal:

Mr. Obama cannot dismiss critics by pointing to President George W. Bush’s decision to run $2.9 trillion in deficits while fighting two wars and dealing with 9/11 and Katrina. Mr. Obama will surpass Mr. Bush’s eight-year total in his first 20 months and 11 days in office, adding $3.2 trillion to the national debt. If America “cannot and will not sustain” deficits like Mr. Bush’s, as Mr. Obama said during the campaign, how can Mr. Obama sustain the geometrically larger ones he’s flogging?

Incredibly, I routinely continue to hear Democrat politicians blame Bush for his spending – which is tantamount to these Democrats admitting that they are hypocrites, liars, and absolute demagogues.

And where does it end?

With the American experiment in a democratic republic going the way of the Dodo bird.

We voted to destroy ourselves by spending ourselves into bankruptcy and economy collapse.  And Obama has been hard at work bringing that “hope and change” about.  And all it takes to understand WHY this outcome is actually “hope and change” is the realization that a great many liberal “intellectuals” have yearned for the destruction of the United States of America for decades.

There’s little question that the anvil will fall on the US economy due to the near doubling of the national debt as Obama adds a projected $9.3 trillion to the $11.7 trillion hole we’re already in.  Obama is borrowing 50 cents on the dollar as he explodes the federal deficit by spending four times more than Bush spent in 2008 and in the process “adding more to the debt than all presidents — from George Washington to George Bush — combined.” And most terrifying of all, Obama’s spending will cause debt to double from 41% of GDP in 2008 to a crushing 82% of GDP in 2019.

What will be the result of all this insane spending, and not very far off? A quote from a CNS News story should awaken anyone who thinks the future will be rosy:

By 2019, the CBO said, a whopping 82 percent of the nation’s gross domestic product (GDP) will go to pay down the national debt. This means that in future years, the government could owe its creditors more than the goods and services that the entire economy can produce.

This massive spending under Obama and Democrats merely continues a trend that has been going on for decades: when you look at Congress’ spending when Democrats have been in control versus when Republicans have been in control over the last thirty years, you find that Democrat Congresses have accumulated 2.5 TIMES the debt that Republican Congress’ have.

Which is why Rep. Eric Cantor was right when he said:

Rep. Eric Cantor (R-Minority Whip) on ABC’s “This Week”:
“If you look at the kind of deficit that we’ve incurred over the last three years that the Democrats have been in control of Congress, 60% of the overall deficit from the last ten years has occurred in that period. And frankly with the incurrence of the debt, we’ve seen very little result. That’s why we think we ought to choose another way.”

But we didn’t go the Republican way: we went the Democrats’ way.  And it should be rather obvious by now that it was the WRONG WAY.

And so the day is soon coming when Americans will be called upon to support massive tax increases such that the United States has never seen in its entire history, or else go completely broke and go the way of Greece.  But of course it will have been high government taxation and even higher government spending that broke us to begin with.

Liberals are going to continue to steal from the classes that they demonize – as befits the “from-each-according-to-his-ability-to-each-according-to-his-need” communists they quintessentially are – and they will continue to steal from generations yet unborn (at least those whom they haven’t murdered in their abortion mills) until there is nothing left of this nation but a hollowed-out shell.

And don’t think for a second that that isn’t exactly what many liberals – including many Obama friends and members of the Obama administration – want.

It’s coming for you, average American.  Liberals are presently demonizing the rich and demanding that they pay more and more and more.  But there aren’t enough rich people to pay these skyrocketing debts.  And so they’re going to start going after your wealth.  Do you know that even the poorest Americans have far more than most “citizens of the world”? When will you be told to pay YOUR share the way the rich have already been called upon to pay far more than theirs?

That’s right, craven average American liberal.  Pretty soon, the Democrats won’t be taxing the other guy; they’re going to come after YOU.  Not only because Democrats have spent too much to count on the wealthy to pay the load, but because the same argument that justified stealing the wealth of the rich in America is the identical same argument that will justify stealing YOUR wealth from YOU.  Just as the rich have far more than the average American, the average American has FAR more than the average Zimbabwean, who lives on less than $100 a year.  And the day is coming when you’re going to be taxed up the wazoo according to your own morally idiotic argument that you used to seize the wealth of your fellow Americans.

It will mean the destruction of American in every way, shape, and form, but at least I’d be able to see the look on the faces of all the people who thought that it was fair to force the top 50% of taxpayers to pay more than 97% of the taxes so that the other half can get off completely free and live like parasites.

I want to see the look on your faces when “the President of the world” starts going after what you’ve saved for yourselves and your children.  And many of you will have to demonstrate what collocate hypocrites you’ve been all along when you try to protect your assets from a government seizure of wealth that finally went too far for your comfort by going after you.

We don’t have much more time, Americans.  We will either vote these Democrats out, and rid ourselves from the menace of liberalism once for all, or we will economically implode.  And Democrats who will have brought that implosion into being will seek to use that implosion to impose the socialist society they’ve always dreamed of.