Greater Than All Previous Deficits Combined
newsbusters - The 2011 budget shortfall, which is the responsibility of the previous Congress, is now projected to be $1.65 trillion.
If accurate, this means that since the Democrats took over Congress in 2007, we have posted over $5 trillion in deficits.
For the record, that's more combined non-inflation-adjusted red ink than the United States of America had created in all of the years of its existence prior to that point.
In just four years, the Democrats recorded combined deficits greater than what had been posted in the prior 220.
Of course, it's all George W. Bush's fault.
As a post facto aside, it would be more statistically significant to do such an analysis using constant dollars, but this was done to raise a point.
For instance, from what I can calculate, our nation's greatest inflation-adjusted budget deficit prior to 2009 was 1943's $55 billion. In 2010 dollars, that would be $693 billion.
So there we were in the Great Depression as well as in the middle of WWII, and we actually had a budget deficit almost $1 trillion less than what we're going to produce in 2011.
Quite an eye-opener, don't you think?
So too are the spending comparisons between then and now. In 1945, our total outlays were $93 billion. That's $1.1 trillion in today's dollars.
In 2011, we're projected to spend over $3.8 trillion, or almost four times what we did in the final year of WWII after adjusting for inflation.
And much of the Left thinks we're not spending enough!
Blog author's comments - These numbers are stunning but apparently not to Obama. He and the Democrats were trying to spend their way out of the recession!
As the author of the column points out, the left is still saying this is all George W. Bush's fault! Obama just delivered his budget to Congress. There is no way this debt will ever be paid off, it's not going to happen.
Republicans/Conservatives need to cite these figures whenever a liberal blames President Bush for the spending and deficit. Tell them that it isn't the President that does the spending, it's Congress! Who held power from Jan 2007 - Jan 2011? It wasn't the Republicans.
We need to cut one trillion dollars from the budget. Nothing less will make any difference. We need to eliminate entire departments. Let's start with the following: EDUCATION, HHS, LABOR, HUD, EPA, BIA and defund Obamacare. That will get us closer to a balanced budget.
Obama gave a speech and talked about "living within their means" after everything he and the Democrats have done the last two years.
Obama is well on his 'planned' way to accomplish his "change" which is the destruction of the United States and to form it into what he thinks it should be. This is not the America I want. How much longer can we allow this person to occupy the White House?
This is why I will repeat, Barack Hussein Obama must be defeated in 2012. This is the most important election for this country ever!
