Millions, Billions, Trillions

The miniscule, by comparison to the spending, cuts are simply a sideshow for the state run Obamedia.
Already the Washington Post spends the bulk of its article focusing on the cuts, while ignoring this massive multi-trillion dollar spending bill.
The media now has a soundbite and can ignore that Obama spends more in this one bill than all other presidents combined have ever spent. Now that is some accomplishment for just over 100 days.
That doesn’t include the faux porkulus bill, or bank and UAW handouts of billions of taxpayer dollars, or the budget year trillion dollars plus the added spending of 100billion extra request by Pelosi to meet spending needs…. and so on and so on and so on!!!!!!
Obama is buying power with taxpayer dollars. He is spending money we will have to borrow and pay back with interest. If he taxes his very hated group of achievers, otherwise known as “the rich”, at 100% he would not come close to paying for all of this.
He is coming for the rest of you. They plan to pass a balanced budget amendment forcing the issue and will “have no choice” but to raise everyones taxes.
Oh, and by the way, has anyone asked what the premiums will be for national health insurance? It isn’t free and you will pay for rationed care. You will simply pay the government your premiums and have less control.
Read Tom Daschle’s book on this. He lays out the severe rationing that will take place. He was the chosen one to implement the national health care plan until his tax cheat ways came out.
So now we have tax cheats Geithner and Rangle crafting new taxes to pay for all of this but there is not enough money available.
Ask yourself why Pelosi held a hearing on how to CONFISCATE 401K’S and other retirement plans last october.
This person arranged the plan for Argentina when they confiscated EVERYONES retirement plan to re-fund their version of social security.
They have no other way to pay for all their spending and “save’ social security too. Pelosi held the hearing in secret and did not allow republicans in. What a shock!
Stop the kool-aid dems. They are coming for you too.

MNM:”The media now has a soundbite and can ignore that Obama spends more in this one bill than all other presidents combined have ever spent. ”
That’s not just wrong, it’s laughably wrong. This bill is less than the DEBT that the last Republican Administration alone ran up – yet it is “more than all other presidents combined have ever spent”?
I understand Republicans have very little credibility, but you should at least try to make the lies credible.

JKS:”Now the war costs for Iraq and Afghanistan are included in the budget and actually factored in to calculating the projected deficit.”
Technically, that should be the Iraq costs WILL be included in the budget. The current FY 2009 budget was formed under the last administration so I think Iraq and Afghanistan are not yet honestly on the books. (Although all the numbers being discussed here have them, so your comment is valid.)

Jake:
Yes, THANK you for asking the obvious question nobody else seems to have the stones for.
Three (3) Wash Post writers dutifully spend 40 – that’s 4-0, FORTY — paragraphs largely devoted to touting those meager $17 B in cuts to get to the essential point of the whole charade:
“The proposed cuts, if adopted by Congress, would not actually reduce government spending. Obama’s budget would increase overall spending; any savings from the program terminations and reductions would be shifted to the president’s priorities.”
$17 billion in the whole budget, most coming from Defense? (!!) Wells-Fargo needs to scrape up $15 Billion to shore-up to government stress test.

LMAO keep this article up Jake we all need a BIG LAUGH
Obama is proving to be the biggest comedian there ever was LMAO
Kill women and children and dig a hole with debt..hey great going Obamie

As a taxpayer, I won’t dismiss a 17 billion worth of tax cuts. A billion is nothing to trivialize in the way of dollars or stars, and it takes a certain amount of illogic in math and cognitive disconnect to do so. Particularly when adding that to the potential of hundreds of billions to be gained from streamlining defense spending. There was a 93-0 Senate vote today on the acquisition overhaul of weapons. According to the GAO, there has been an accumulated overrun of 300 billion in defense spending.
With the stimulus funds having been released less than two months, It’s simply too soon to gauge the effectiveness of the stimulus. But the gain should help balance the expenditures, because according to Standard and Poor, there is typically at least a 1.9 dollars earned for every dollar spent on infrastructure stimulus.
It’s really premature to be complaining or intimating that Obama is wrecking the economy in the long term, and also hypocritical when you look at the deficit spending of the previous administration.

Fascist Hyena:”The national debt held by the public will be 63% in 2010–an all-time high. …
This man can talk about “fiscal discipline” all he wants, but he is flatly contradicted by very cold, very hard facts.”
Cute – you are condemning Obama’s fiscal discipline by implying the entire debt, the majority of which in 2010 will have been run up under Republican Administrations, is his fault.
Just another example of why no one trusts Republicans anymore.

Well at least Hes Cutting Republicans Just spent Like there was no Tommorow and The sad thing out of all The Republican Spending Look the Mess we are in

A genuine effort to reduce the defficit occurred during the George Bush Sr. presidency.’Pay-as-you-go’legislation required that government could not raise taxes to fund programs they wanted to implement.This was how Bill Clinton became the president with a fiscal year budget surplus four years in a row.He knew deficit spending would end his political career.With the combination of Fannie Mae & Freddie Macs careless loan practices,and multi-trillion dollar spending by the G W Bush & the Obama presidencies, the American people are now in peril.Americans need to move into survival mode and start buying essential items and goods.Food and a ‘non-electric’ means to prepare it,medicine,vitamins,portable radio,flashlight,and batteries.If you lose your job it will become difficult to acquire basic needs.If you’re using credit to supplement your lifestyle,consider scaling back.When our government loses its ability to borrow you can expect interest rates to climb as inflation starts to move in.When unemployment checks run out you can expect to see a growing number of desperate Americans willing to do whatever it takes to survive.

That’s not just wrong, it’s laughably wrong. This bill is less than the DEBT that the last Republican Administration alone ran up – yet it is “more than all other presidents combined have ever spent”?
I understand Republicans have very little credibility, but you should at least try to make the lies credible.
———–
DEMS ARE IDIOTS
THIS IS FROM THE REPUBLICAN REBUTTAL BY JUDD GREGG,THE OBAMA GAVE CREDIBILITY TO.
You will call it a lie, but the numbers back this up!!
“In the next five years, President Obama’s budget will double the national debt; in the next ten years it will triple the national debt.
“To say this another way, if you take all the debt of our country run up by all of our presidents from George Washington through George W. Bush, the total debt over all those 200-plus years since we started as a nation, it is President Obama’s plan to double that debt in just the first five years that he is in office.
“He is also planning to spend more on the government as a percentage of our economy than at any time since World War II.
“His budget assumes the deficit will average $1 trillion dollars every year for the next 10 years and will add well over $9 trillion dollars in new debts to our children’s backs.
“He also is proposing the largest tax increase in history, much of it aimed at taxing small business people who have been, over the years, the best job creators in our economy. And further, he is proposing a massive new national sales tax on your electric bill. So that every time you turn on a light switch in your house, you will be hit with a new tax — and it averages over $3,000 per household
Posted by: jhw539 | May 7, 2009 1:41:41 PM

kevin23451:”look at what POTUS has spent in 100 DAYS.”
Do you really want to do that? Relatively little has actually been *spent.* Remember that $787 million stimulus cost Republicans like to say Obama has “spent” will actually be accrued over the next 10 years (over half is weighted to the next three years).

MNM:”YOU DEMS DO KNOW THE DIFFERENCE BETWEEN DEBT AND DEFICIT DON’T YOU??”
Yes, but you apparently feel the need to shout to the world that you don’t know the difference between allocation and spent. By your definition, how many trillions did Republicans “spend” when they passed the prescription drug entitlement?

Folks – President Bush tried to cut too – probably a lot of stuff that Obama is trying to cut. Congress will smile and nod, and pat Obama on the back, and then restore all of that funding as quietly as possible.

Obama would have to make a $17 Billion cut FORTY-EIGHT MORE TIMES just to get back to the level of last years budget!! —- And he’s trying to get you to believe he wants to “cut”!!! Geeeeeeshhhh!!!!

To all you dem defenders. If Obama is doing such a bang up job why does the media not fully report on
-the impact of the trillions he has spending with charts and graphs comparing it to prior administrations
-the fact that his position on gay marriage is the same as Ms. California who they are dragging through the shredder
-that he is a total hypocrite on “bombing innocent civilians in Afghanistan” , just like he accused Bush of doing
-the fact that he is forcing Israel to commit suicide while buddying up to our enemies.
-that he handed over the auto companies to the UAW in return for campaign cash and votes, at the expense of those few of us who do pay taxes
-or let them explain how he will pay for all this because he could tax the achievers 100% and not come close to paying for it, although he postures about the deficit, as he did today, he is wracking it up in an unprecedented, corrupt, kickback, chicago thug manner that is who he is.

I could quite frankly care less if you are a Democrat, Republican, Independent, or Communist. You can not spend the kind of borrowed money Obama is talking about without long term negative consequences. Even when the economy does recover, we’ll still be saddled with this onerous debt. Any student who has taken a basic finance course should be able to comprehend that if you are in debt the last thing you want to be doing is borrowing more money. All you are doing is digging your own grave that much quicker.

I forgot a few that matter, although you civil liberties hypocrites won’t speak up about these either.
You whined George Bush was infringing on your liberties, heads up folks, you ain’t seen anything like this.
——————–
To all you dem defenders. If Obama is doing such a bang up job why does the media not fully report on
-the impact of the trillions he has spending with charts and graphs comparing it to prior administrations
-the fact that his position on gay marriage is the same as Ms. California who they are dragging through the shredder
-that he is a total hypocrite on “bombing innocent civilians in Afghanistan” , just like he accused Bush of doing
-the fact that he is forcing Israel to commit suicide while buddying up to our enemies.
-that he handed over the auto companies to the UAW in return for campaign cash and votes, at the expense of those few of us who do pay taxes
-or let them explain how he will pay for all this because he could tax the achievers 100% and not come close to paying for it, although he postures about the deficit, as he did today, he is wracking it up in an unprecedented, corrupt, kickback, chicago thug manner that is who he is.
-Or that his justice department is fighting to TAKE AWAY a US citizens rights to a lawyer when being questioned or interrogated by authorities, you know the Miranda right. Although they tell us you can still have a lawyer if you go to trial. GEE THANKS
-Or that Pelosi held secret hearings last October on how to CONFISCATE 401K’S AND OTHER RETIREMENT PLANS, from the public to fill the social security coffers????? It isn’t a joke, they did this in Argentina and the person who set it up is the one who testified for Pelosi!
Don’t you think the public deserves some assurances that it won’t happen.
WE are seeing so many things we never thought would happen.
Where was the reporting on this???

Spend in Trillions, economize in Millions.

Robert, Wake up please and stop looking at everything through the glasses of race. Everyone, black, white, green, whoever, will be impacted by President Obama’s out of control spending and quest to dictate every aspect of our lives.
For example.
Energy Costs: His global warming bill will cost the the average American $3000 more in energy costs and do nothing to reduce co2.
The Car Industry: They are going bankrupt, thousands of jobs are being lost, Chevrolet is being handed over to Fiat, and President Obama is using mafia like tactics to strong arm bond holders to give up their legal rights so his favored few Union workers gets most of the spoils.
The Health Care Industry: President Obama wants to put them out of business to “level the playing field” so everyone will get little or bad health care as dictated by some government bureaucrat.

darryl:”even if the entire United States reduced its carbon dioxide emissions by 83% below current levels, it would only amount to a reduction of global warming of less than three-thousandths of a ºC per year.”
Citation please. Actually – send it to Exxon. They’ll be in touch with a big check tomorrow, unless it’s all based on some outrageously silly assumptions and bad math.

kay:”Energy Costs: His global warming bill will cost the the average American $3000 more in energy costs and do nothing to reduce co2.”
Raise a trillion dollars in revenue AND do “nothing” to reduce CO2? That’s a new one. I get the condemnation of the cost, but that’s the first time I’ve heard it won’t do anything to reduce CO2.

jhw539,
The facts are “… looking at the Waxman-Markey Climate Bill that is now being considered by Congress, CO2 emissions from the U.S. in the year 2050 are proposed to be 83% less than they were in 2005 … or a reduction of 4,980mmtCO2 … [the models say,] even if the entire United States reduced its carbon dioxide emissions by 83% below current levels, it would only amount to a reduction of global warming of less than three-thousandths of a ºC per year. A number that is scientifically meaningless.”

jhw539, Anyone can do the math and come up with the same result. It is not rocket science.

darryl:”jhw539, Anyone can do the math and come up with the same result. It is not rocket science. ”
The rocket scientists at NASA have done the math and come up with a different answer. And they’re not scared to provide their assumptions and data. Why won’t you just provide the citation?

where are the 3.0 million jobs?in my town the UNION just cost 50 people their jobs beacuse of their unwillingness to take cuts in pay. i have watched this with the teachers union in califoria as well. i guess the democrats only want to share the wealth when its someone elses.if michelle obama would quit wearing 540 dollar sneakers we could save a bundle. if ther pres and paloosi would use less gas than al gore we could also save a bundle.this guy throws up smokescreens for the ignorant masses. looks like we need to send the national guard to obamas old nieghborhood that he did so much good for.

It is wrong to imply that extendng the retirement age WON’T be a must when addressing the issue of social security. I hear you crying Democrat corruption, but you are silent on the corruption that created this. The dergulation, back room dealing of the repubs. Cry your eyes out folks, the gap will close up a lot before it is said and done. We will still have rich and poor, but the middle class will once again dominate. That is the only way our economy survives.

Pretty sure during the debates Mr. Obama said $18B wasn’t much money. Now that he wants to cut ONLY $17B he has decided it is bunches and bunches of money and trying to get America to fall for it. My guess-along with the media’s help most Americans will fall for it sadly. ABC Start to report real news please. Isn’t it about time.

Whoa, using ObamaLogic (TM), if I owe $1,000 to the IRS I can just send it a check for 50 cents along with a note saying, “I’ve just made a serious dent in my outstanding balance! Don’t believe me? Ask President Obama!”
Hey, what’s not to like?

Of course the GOP wants to trash the government. They are so hypocritical. Ten trillion of the present debt came under the GOP–Reagan and two Bushes. Then they left a depression. And the government can’t tackle any of the GOP favorite boondoggles, huge subsides to rich farmers, massive tax breaks to oil companies, groups who have gotten tax credits for overseas facilities and are now hiding money in places like the Cayman Island.
Don’t trust the GOP. They are the rich people’s friends, the ones who stole your jobs, health care, retirement and homes so that their rich friends could get richer . . . and richer . . . and richer.

President Obama inherited a deficit from the Republicans in the trillions of dollars on top of an economy on the verge of total collapse and two wars. President Clinton cleaned up the last astronomical budget mess the Republicans made and now president Obama is cleaning up a worse Republican mess. The fact is that given the crisis the American economy is in Mr. Obama deserves praise for his brilliance in being able to save 17 billion dollars by next year. The Republicans never worry about money as long as it is going to the wealthy. They defended the spending of both Regan and Bush why the indignation now?

people in the know are purchasing assets immune from the pending hyperinflation and devaluation of the dollar. Since Obama has crated an utter disaster with more debt, entitlements and interest payments will consume 80% of the federal budget in 10 years. How is that going to work? IT ISN”T, and the depression he is going to cause will be like something never seen before. Obama needs to be reined in before the damage he does is non-repairable.

The wealthy folks who are involved with businesses have something most of us don’t have. That is, the ability to leave the US for another country that has a much more friendlier business climate. Obama wants to tax income made in foreign countries – fine, let’s just move our ENTIRE business outa here. This will back fire on Obama. Don’t believe me? Stick round.

” President Clinton cleaned up the last astronomical budget mess the Republicans made and now president Obama is cleaning up a worse Republican mess.”
Might as well look at some actual numbers and see how that statement measures up. Bush I’s final budget deficit was $290 billion; Obama’s silly “stimulus” package alone is 2 1/2 times that amount.
In his first two years in office, with a Democratic congress, Mr. Clinton incurred deficits of $255B and $203B. A total of $751B was added to the national debt in his first five years. In his final three years (with a GOP congress) he reduced the national debt by $362B, for which he is to be commended. Bear in mind that he greatly incresed revenues from capital gains taxes by reducing the cap gains rate (which Obama proposes to restore), he “ended welfare as we know it”; Obama is effectively restoring it; and he enacted NAFTA. In all three of these initiatives he had far more GOP support than Democratic, but nevertheless he deserves a great deal of credit for them and I for one grant it to him.
The deficit “mess” inherited by Clinton is absolutely trivial compared to the one that Obama is very deliberatedly creating. His own OMB Director says that his spending proposals simply cannot be sustained.

“In his final three years (with a GOP congress) he reduced the national debt by $362B, for which he is to be commended.”
Numbers can be chosen to make a point and if you want to find credit for Republicans you would pick measuring the debt in straight dollar amounts. Expressed as percentage of GDP however Clinton lowered the debt every year with or without the Republicans.

For those Dems that want to lay blame on Bush for the current financial problems, I hope that you understand that the Congress votes on the budget and authorizes spending.
News flash: Congress has been controlled by Dems for the past two years.

Well we might finally all agree whether Republican or Democrat, THEIR STEALING OUR money and they got us bickering at each other when it’s a game to those in POWER. 535 people destroying 320 millions peoples lives. When in the hell are ya’l going to wake up and VOTE THEM ALL OUT??????? It’s not Republican & Democrat, it’s 535 against 320 million. Whose the stupid ones hey????? Those folks been in their 30 years playing a game and it’s you idiots arguing class warfare just like they want you to while their fleecing our pockets. Wake up and VOTE THEM ALL OUT. THat’s the new Tea Party anthem, VOTE THEM OUT!!!!!!!!!!

“As a percentage of GDP the debt thus rose from 5.55% to 5.75%. (I have not computed his second year–his only remaining one with a Democratic congress–but I’ve already disproved your assertion.)”
OK, you got me by +.2% so my assertion is disproved, however I also object to your implied assertion that revenues increased by cutting capital gains tax rates alone, ignoring the tech bubble.

“I understand Republicans have very little credibility, but you should at least try to make the lies credible.”
————————————-
jhw539 ,
Is that like Obama saying he will not raise the taxes on 95% of Americans/Americans making less than 250K? Then performing the insane concept of raising taxes on ALL cigarette smokers in the US regardless of income to pay for SCHIP.
So Obama LIED about raising taxes on people under 250K.
We want people to smoke less for the obvious heath reasons and we have severely limited where people are allowed to smoke, YET we turnaround and WANT them to smoke in order to fund child healthcare! Somehow liberals think this kind of @ssbackward logic is a good thing and the way we should run things from now on.