Our political parties and the economy

Democrats The Party that Makes People Poor

5 Comments

by | November 7, 2013 · 3:38 am

5 responses to “Our political parties and the economy

  1. I really like that layout and presentation.

    If you don’t mind some constructive feedback, there was a budget for FY 2009, passed by the Nancy Pelosi House, Harry Reid Senate, and held back by Dems so that it could be signed by pResident Obama on March 11, 2009.

    http://en.wikipedia.org/wiki/2009_United_States_federal_budget

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    • chrissythehyphenated

      Thanks for the heads up. I did not know this!

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      • The thing that gets me is that Democrats & the media claim that the $1.4 Trillion deficit in FY 2009 was “Bush’s fault’ and Obama “inherited” that deficit.

        The truth is that the last budget passed by Bush and a Republican Congress, passed in 2006 for FY 2007, had a deficit of less than $161 Billion, which was 61% smaller than the FY 2004 deficit of $413 Billion.

        President Bush and the Republican Congress had reduced the deficit for three years in a row.

        Then Nancy Pelosi, Harry Reid, and then-Senators Obama, Biden, Clinton, Kerry, etc. took control of Congress and roughly tripled the deficit in a single year (FY 2008), and then roughly tripled the deficit AGAIN the following year (FY 2009). And the majority of appropriations for FY 2009 were not only passed by the Democrat Congress, but held back from Bush so that they could be signed by Obama. Obama signed the Omnibus Appropriations Act of 2009 on March 11, 2009. The majority of FY 2009 spending was due to Obama, Pelosi, and Reid. NOT BUSH.

        But you’ll still hear Dems say that Obama “inherited” the FY 2009 deficit.

        That is a BIG LIE.

        Each and every one of the top 6 largest deficits in the history of the U.S.A. has come while Obama was part of the MAJORITY PARTY in Washington, D.C. (First as Senator, then as pResident.)

        The deficit that Obama “inherited” was not the FY 2009 deficit, it was the FY 2007 deficit (which was less than $161 Billion). Every deficit after that featured Obama in the Majority Party, and has his fingerprints on it.

        The change in the balance of power was not on January 20, 2009…
        …it was on January 3, 2007!

        As you show in the graphic above, Bush gets too much blame for what the Democrat majority (the Nancy Pelosi House and Harry Reid Senate) did in the last 2 years of his Presidency, just like Bill Clinton gets too much credit for what the Republican majority (Republican House and Senate) did in the last 6 years of his Presidency.

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      • MoveOn.org used to care about deficits when Bush was President.

        They falsely blamed the first Trillion-dollar deficit on Bush. Remember this?

        Original “Child’s Pay” ad from MoveOn.org

        What did Obama and the Democrats inherit from Bush and the outgoing Republican majority?

        A FY 2007 deficit under $161 Billion.

        The six largest deficits in the history of the U.S.A. have all come while Obama was part of the MAJORITY PARTY in Washington, D.C.

        For Fiscal Years 1996-2007, Republicans held the majority and increased the total debt by $4 Trillion over the span of 12 years.

        For Fiscal Years 2008-2013, Democrats held the majority and increased the total debt by over $8 Trillion over the span of 6 years.

        Present Democrat majorities have been deficit spending at more than quadruple the rate of their Republican predecessors.

        Where is MoveOn.org’s outrage now?

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  2. I’d also love to see a version of this…

    …updated to…

    1) Show for FY 2013 (using the estimates here: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2014/assets/hist07z1.xls and the debt reported by the Treasury department on 10/17/13 after the “Extraordinary Measures” were repaid, I estimate that debt on 10/17/13 was 105.43% of GDP), and

    2) Points out that…

    FY-end 1995: outgoing Democrat majority leaves incoming Republican majority Gross Federal Debt = 67.0% of GDP.

    FY-end 2007: outgoing Republican majority leaves incoming Democrat majority Gross Federal Debt = 64.6% of GDP.

    FY-end 2013: Democrats have Gross Federal Debt > 105% of GDP and climbing.

    Republicans reduced the total debt as a % of GDP.

    Democrats have sent debt as a % of GDP through the roof.

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