Federal Deficit Hits Record High of $1.38 Trillion in August

Hmmmm….. Let’s blame it on Bush!

Have ACORN work on the budget. They offer help on number adjustments

===Have ACORN work on the budget. ===
LOL. But in all seriousness, ACORN is getting a huge amount of taxpayer money.

Obamanomics at work. Great job, Barry.
BTW, to you Obamabots who will blame Bush, remember the following:
- Barry is on the hook for 2nd half of $350B in TARP funds (he chose to spend)
- Barry in on the hook for $787B “stimulus” package (abject failure)
- Barry is on the hook for $400B Omnibus Spending Bill (remember that Nancy and Harry held up 2009 budget in 2008 as the awaited the coronation of The-One-We’ve-Been-Waiting-For)
It’s Barry’s ballgame now.

“Clearly more tax cuts are just what we need, said an otherwise discredited former Bush official.”
The tax cuts were an appropriate response to lagging economy (still apporpriate today). Where Bush dropped the ball was not cutting spending. Obama is making things worse by accelerating spending.

A fantastic time to think about health care–it won’t cost a dime.

“Don’t worry Obama is going to give a MAJOR speech next week on the economy.”
I think I also heard he will be on “60 Minutes” again… CBS should give him an office and put him on staff.

The fiscal year runs October to October.
By the time President Obama took office in late January, there was already a trillion dollar deficit left in the books on the table by George Bush.
Funny how the right wing likes to blame all this on the new President.

Interesting that ABC would go to a Bush administration alum for quips on massive deficits.
Does anyone realize that the deficit was forecast to be over a trillion dollars even before Barack Obama was elected? This is all Bush debt…

The fiscal year runs October to October.
By the time President Obama took office in late January, there was already a trillion dollar deficit left in the books on the table by George Bush.
Funny how the right wing likes to blame all this on the new President.

“The fiscal year runs October to October.”
bonneytruth takes after her boy Barry thinking if you just keep repeating the same thing over and over, eventually the masses will believe it to be true.
Wrong.

This sounds like a financial matter, let Charlie Rangel work on it.

The fiscal year runs October to October.
By the time President Obama took office in late January, there was already a trillion dollar deficit left in the books on the table by George Bush.
Funny how the right wing likes to blame all this on the new President.
The problems is you can’t blame this all on the new President.
Regrettably, the last President left quite a deficit and the country in a commplete economic mess.
So, sure wish the right wing could if not have decency, at least be fair.

I would agree with anyone that Bush spent money like a maniac but remember that 700 billion plus spending was approved just before he left office, approved by a democratic house and senate. Also take into account that Bush overcame no telling how much in losses right after 911 2001 and that Bush’s spending was on social issues;ie medicare presccrpitions and education.

Anyone care to remember that Obama as Senator could have opposed all that deficit spending instead of voting for it?
Dening his personal responsibility is simply a pathetic excuse. Enjoy your delusions!

“So, sure wish the right wing could if not have decency, at least be fair.”
Sure, we could be fair…but Barry would have to at least show us he is doing something to make the problem better rather than WORSE!
His actions imply he has no concern for deficits and debts whatsoever. Afterall, he’s got himself his!

By the time President Obama took office in late January, there was already a trillion dollar deficit left in the books on the table by George Bush.
Posted by: bonnytruth | Sep 11, 2009 3:54:57 PM
Don’t you mean the deficit left by the Dem-controlled Congress (since 2006) who passed the budget?

Regrettably, the last President left quite a deficit and the country in a commplete economic mess.
Posted by: bonnytruth | Sep 11, 2009 4:20:35 PM
Don’t you mean regrettably, the Dem-controlled Congress (since 2006), Barney Frank, Maxine Waters, Chris Dodd and the liberal financial experts they covered for left quite a deficit and the country in a commplete economic mess?

You know, if Charlie Rangel, Tim Geithner, and Tom Daschle would just pay their taxes, that could go a long way.

It’s not Obama’s fault we’re in deep doo-doo. It’s the fault of the voters who hired him, thinking a rookie could do the toughest job on earth.

This is nothing! Wait until all the new spending programs come into being. We will wish for deficits only of this size.

Why are the Democrats so intent on undermining and ultimately destroying Medicare, Social Security and Private Health Care Insurance that millions of people like and are so dependent on?
The Democrats’ Trillion dollar Health Care Reform Plan will raise an already unsustainable deficit even higher. To say otherwise is not being honest. Higher deficits will further undermine Medicare and Social Security making their coming bankruptcy even more imminent. Once the baby boomers turn 65 there will be a 30% increase in Medicare enrollment. Thus, a 500 billion dollar cut to the Medicare budget will drive another stake into Medicare’s heart.
Moreover, according to the Democrats, due to all the fraud and waste in Medicare, 500 billion can be cut from Medicare without any cuts to services. Which makes a sane person ask why the government has neglected for so many years to rid the system of all this waste and fraud? Answer, because the reality is the inevitable outcome of a 500 billion dollar cut to Medicare are severe cuts to services for Seniors, with little if any abatement to waste and fraud and the Seniors know it. Ditto for the similar government run public option which will be subject to similar drastic cuts at the whim of the President and Congress.
So now that the Democrats have succeeded in gutting the heart out of Medicare and Social Security their knife now goes to the private insurance companies. Never mind 80% of he people are very happy with their private insurance plans.
So in order to sell their plan of a government take over of health care to the people, politicians must lie by telling the people they can keep their private insurance if they like them. The truth is, private insurance cannot compete with a government run tax paid for public option that can regulate private insurance out of business and under cut their prices. As a result, Companies will drop millions of people off of their private insurance plans and force their employees on the public option and the politicians know it.
The regrettable truth is government has proven time and time again that they are an incompetent manager of the peoples money and never keep any of their promises. Despite these facts, the greed for more power and more and more of the peoples money persists and grows like a cancer in their pursuit of a government take over of health care.
In conclusion, the representatives that vote for the Democrats’ Health Care Reform Bill will be voted out of office. This is a given as more and more people see the truth and realize that the ultimate outcome of Health Care Reform will be, higher deficits, higher taxes and fees and the ultimate destruction of Medicare, Social Security and Private Insurance which the majority of people like and are dependent on.

Government earmark money is seen as easy money with little accountability. Often the administrators of programs so funded have little qualifications for their positions and are paid salaries considerably higher than the norm. In a recent report I read on the subject excessive travel reimbursements and fees paid to consultants were also potential problems. The program in question was the Citizen-Soldier Support Program (CSSP) in North Carolina which was intended to help soldiers returning from battle assignments. Some of the employees lacked experience in military or health issues and even had politically left leanings
This an on-going program that has spent several million over the past several years, I mention it only as an example of money that is paid where the recipients don’t have to look anyone in the eye to receive it. The government is terrible on oversight as can be seen with TARP and stimulus earmarks. Healthcare and “cap and trade” if implemented will just be more of the same, look at what ACORN is doing at present with “wink and nod” oversight. No my friends, a “nanny government”, more big government, is not the answer. Our congress is inept (intentionally so) in rolling back its own salaries (the average congressional salary is a ludicrous $130K higher than street salaries/wages) so how can one believe it can oversee these programs. Also, the programs would be managed by Czars which are not beholden to congress and answer only to the president (of late it seems that the congress answers only to the president also).

The fiscal year runs October to October.
By the time President Obama took office in late January, there was already a trillion dollar deficit left in the books on the table by George Bush.
Some people with an agenda are so eager to cast all the blamd on the new President.
Regrettably, the last President left quite a deficit and the country in a commplete economic mess.
The right wing behaves with little decency, but could at least be fair.

When I see these numbers, and hear the cries of “foulplay”, “it’s healthcare”, I hear an f16 fly overhead. Somehow our astronomical defense budget comes to mind. Are Trident submarines really necessary? Can we mothball a carrier group? People are hungry in my Vermont town – really hungry.
Steve

Given the fact that the government in general really doesn’t seem to know how to maintain a budget properly, and all the various elements only care about what is most appealing for their states / parties, what else do you expect? Providing that Obama’s experience stems from tuning his public speaking skills over the years, combined with his blatant lack of any experience managing a company, state or anything else for that matter, Obama only compounds the problem and a major change in 2010 is needed to reverse all these extravagant programs.