Deep Impact

Gipper

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And libs complain about Reagan's deficits. Have they lost their minds?


Jim Hoft of Gateway Pundit blog has long been using a graphic showing the deficits (and a few surpluses) of the last five administrations. Since the graphic only had the projected budget deficit for Pres. Obama's first year, I decided to update it with more recent numbers. Taking the numbers from the Whitehouse Office of Management and Budget itself, I have updated the graphic with the announced 2009 and 2010 deficits, as well as the deficit the OMB is projecting for 2011.

Here are six variations graphing the current numbers, as of October 2010. Feel free to copy them and use them on your own blogs.


Read more: http://www.captainscomments.com/comment/812#ixzz17lElTgdo
Deficit-Obama-2010-red.jpg

http://www.captainscomments.com/comment/812
 
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This graph shows the Clinton is the most fiscally conservative president in the last 30yrs.
 
This graph shows the Clinton is the most fiscally conservative president in the last 30yrs.

The following is the official public debt for fiscal years during which Clinton haunted the White House: And guess how they did it..

09/30/1992............$4,064,620,655,521.66
09/29/2000............$5,674,178,209,886.86

Increase in total public debt: $1.61T

During the years they reported surplus receipts they ignored the fact they were failing to count increasing debts between government agencies. Most of this was debt with Social Security where current receipts were greater than current payments. The way this was presented by the liberal media would make Enron blush.

Doug
Facts do matter!
 
The following is the official public debt for fiscal years during which Clinton haunted the White House: And guess how they did it..

09/30/1992............$4,064,620,655,521.66
09/29/2000............$5,674,178,209,886.86

Increase in total public debt: $1.61T

During the years they reported surplus receipts they ignored the fact they were failing to count increasing debts between government agencies. Most of this was debt with Social Security where current receipts were greater than current payments. The way this was presented by the liberal media would make Enron blush.

Doug
Facts do matter!

Yes!

It is rather hysterical that libs commend BJ Bubba for his handling of the federal budget (all the while ignoring the R congress that forced his hand), while condemning Reagan when the Dems had control of Congress, and failing to criticize BO's ridiculous spending.

From the lib news outlet Reuters yesterday...

Government liabilities rose $2 trillion in FY 2010: Treasury

WASHINGTON | Tue Dec 21, 2010 6:46pm EST

WASHINGTON (Reuters) - The U.S. government fell deeper into the red in fiscal 2010 with net liabilities swelling more than $2 trillion as commitments on government debt and federal benefits rose, a U.S. Treasury report showed on Tuesday.

The Financial Report of the United States, which applies corporate-style accrual accounting methods to Washington, showed the government's liabilities exceeded assets by $13.473 trillion. That compared with a $11.456 trillion gap a year earlier.
http://www.reuters.com/article/idUSTRE6BK6WC20101221
 
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also ignores that none of the republicans had ..say you know...the bank system and automotive industry and housing market...all fall off a cliff...just as they took office.

Tonight Chris Mathews is going to rate Obamas first two years..OH JOY! It is highly amusing to hear liberals wax on about capitalism... in the same breath that obama is a patriot. Count the number of sad article decrying the public that is not giving obama credit for all he has done for us.

One of them I read was "He downsized the auto industry." That was 150 billion dollars of taxpayer money to downsize something that was downsizing itself into extinction and should have gone there.

Then his push for Krap and trade was so wonderful all under that insane liberal bunk "global warming" the license to worship the golden pharting pig, al gore. Krap and trade would only have raised everyone's utilities by 50%. Then without knowing a bloody page out of a physics book, he pushes for windmills, solar power and ethanol; all oil deficit dead ends. For example it cost 55,000 more BTUs to grow a gallon of ethanol than the energy it produces. Plus its bad for your vehicle. Solar cells are limited to power generation by the inverse square of the distance from the sun. So they can't be made more efficient than about 200 flux watts for 30 square feet. So you will never recover your costs. Wind turbines are just as inefficient. Yet this genius did all this for us.

Then there was the healthcare bill. This has caused a rise of 25% in insurance premiums in the last 4 months wiping out all of the projected obama savings. Not only are you forced to buy health insurance, companies can't write it off. ITS A TAX STUPIDS!!! Then they give the losers medicaid ... Think about it presently only 1% of doctors nationwide accept medicaid... So where will the losers go to scam their back pain and dental pain issues to get some lortab? The Emergency Room of course at $500 a visit to the taxpayers. And they will have 36 million of these losers storming the ERs. It makes the costs worse than ever before. Yes we can thank the moron for that one too, and all the taxes associated with it.

They couldn't have just done something simple and improved utilization, oh no... they had to screw up the whole thing. You will welcome the death counsels when the time comes because this is going to be a disaster on every level.

So what else is there? The toothless regulation and take over of the consumer loan business. This is so unqualified shufflefoots can get a loan even thought they don't qualify... Yep... its official we are back to the gov mandating bad loans to minority joe.

Then there is freddie and fannie. Republicans called for legislation to audit these banks and barney frank and dodd and schummer said NO "Those banks are doing a great job." Now they are nationalized and loaded with debt and already a trillion in the hole. Yes... thank obama the most incompetent loser ever to occupy the lincoln bathroom toilet...

So yes let's all bow are heads and thank Obama for all he has done for us and all the times he has frivolously called the American Citizens enemies, and plunked down the old race card. Some unifying force. He has turned this nation into a boiling pot of discontentment. Thank God his siht is about to end.And on election day we got to thank him and and the Dems for all he has really done for us, trying to turn this nation into a socialist welfare shufflefoot state.

Meanwhile, the Chinese are just thrashing us in technology and all this moronic Fed knows how to do is make the dollar more worthless so the debtor nation can rob its creditors. As the dollar declines, interest rates should skyrocket but no... the fed keeps the fed rate at Zero and they are bidding down the treasuries. Not pretty..

regards
doug
 
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