Obama Goes For Broke, $1.3 Trillion Deficit in FY 2012

Sorry, baby - You're now $49,032 in debt...

Setting aside fiscal sanity once again, the Tax & Spender in Chief presented a $3.8 trillion budget for 2012 that includes another deficit in excess of $1 trillion. Predictably, the president played the class warfare card to distract from his wanton profligacy and sops to his base:

Seriously, who was gullible enough to believe THAT empty promise?

Back to Obama and the Left's fiscal irresponsibility:

Obviously, Obama and the Left haven't learned anything from the European Left's painful lessons...

 

Ayuh,... Read deeper,...

Obo also tosses out the "Agreed to" cuts of last summer....
More smoke, 'n mirrors, 'n deficits higher, 'n higher...

 

He wants to increase spending and taxes dramatically.

He is EVERYTHING that the TEA Party is against!

Barack Obama:

• Crony Capitalism - Yes
• Big Government Spending - Yes
• Big Tax Increases - Yes
• Anti-Constitution - Yes

We need this scumbag out of office.

 

Some details on Obama's budget - more accounting gimmicks and handouts to his political base:

 

That's so obvious, even his lapdogs in the media can't hide it. This article is from LAST year...

If Obama gets his way, the debt figure will rise to $5.3 trillion dollars in FY2012 and $6.2 trillion in FY2013...

 

Granny says we still can't see the light atta end o' the tunnel `cause we still diggin' ourselves outta the hole dem bankers an' politicians got us into...

$2.66T: Tax Revenues for FY14 Hit Record Through August; Gov’t Still Runs $589B Deficit
September 12, 2014 -- Inflation-adjusted federal tax revenues hit a record $2,663,426,000,000 for the first 11 months of the fiscal year this August, but the federal government still ran a $589,185,000,000 deficit during that time, according to the latest Monthly Treasury Statement.

See also:

Study: Americans Will End 2014 Another Year Older & $55B Deeper in Debt
September 11, 2014 - – “U.S. consumers will end the year with $54.79 billion more credit card debt than we started with,” predicts a new study by CardHub, a credit card comparison website.

 

Looks like it's working as the deficit has been cut in half

 

The 2012 deficit was the smallest since 2008. and the 2013 deficit was $600 billion, down 37% from the year before. https://www.google.com/webhp?source...spv=2&es_th=1&ie=UTF-8#q=federal+deficit+2013

and for 2014, it's on track to be even less.

http://www.marketwatch.com/story/us-budget-deficit-narrows-in-august-2014-09-11

 

What a bunch of BS!

And:

 

"Obama Outperforms Reagan On Jobs, Growth And Investing"

Is the title of the Forbes article.. Amazing how Dailykos spins it.

 

A "spin?"

This is what FORBES says in THEIR version of this article:

Apparently. . .the conclusions are THE SAME: Obama outperformed Reagan in Economics, although Reagan USED TO be known as the best Economic President of modern time.

What's your point?

 

What's your point?

 

That's funny, the right has no solutions but only more government programs. When is the right going to be as fiscally responsible as they claim and insist on wartime tax rates to win any war on any abstraction they can come up with?

 

It's Bush's fault. Bush made him do this.

 

Seems like you may have some difficulties with reading comprehension. . .so I won't challenge you any further!

 

You have a propensity for demonstrating the negative aspect of foreigners in our American culture.

 

You must always remember that GW Bush forced the need for these policies. If it wasn.t for him, we would be on an economic path that would make the 1980's look like the great depression

 

I do demonstrate (I hope) the knowledge of having lived in many countries around the world AND in many states in America.

And, since I have lived in the US probably LONGER than you have been alive. . .I wonder which one of us is lacking understanding of what American culture is really about!

 

Oh, come on the Debit and Deficit was only $9.8 Trillion when Obama took over, he's only raised it to nearly $18 Trillion is less than 6 years. But then again he keeps blaming Bush for everything including his hangnails, bunions and heel blisters.

 

I think we should cut the drug war instead of social spending.

 

Agreed. Darwin will sort it out within a couple of years. The thing is will we have to then support all the people that are unable to support themselves or shall we let them all succumb to whatever fate they choose?

Kill the drug war but also kill any subsidies for those on drugs. Drug lords will be put out of business obviously once corporations take control. But what is the solution to all the dead beats? What do we do with them?

 

He's a liberal, $1.3 trillion of 'other peoples money' is a 'drop in the bucket' to him. An Entitlement.

 

What do you mean by "dead beats" with Any "natural rate of unemployment"? Why not solve for a natural rate of unemployment with existing legal and physical infrastructure, by using Socialism to bailout Capitalism, like usual.

 

Dead beats, drug users, losers...you know...people who don't contribute to society, many who blame others for their predicaments.

 

So, the Republican controlled congress is getting things back on track. Nice.

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So, the Republican controlled congress is getting things back on track. Nice.