Spring Break
Obama's budget makes even Bush look responsible
Ian Bezek
Issue date: 3/3/09 Section: Opinion
It's jaw-dropping. After reading about President Barack Obama's budget proposal for this year, I sat rubbing my eyes, shaking my head in disbelief.
Obama has proposed a 2009 budget that will run a deficit of $1.75 trillion dollars and an additional deficit of $1.2 trillion dollars next year.
Back in 2004, Sen. John Kerry rightly attacked President George W. Bush's spending policies as "reckless." By 2008, the attacks on Bush's record increased.
Democrat Stanley Hoyer, who is second in command behind Nancy Pelosi in the House, said "the Bush administration is the most fiscally irresponsible administration in American history."
The Bush administration added roughly $4 trillion to the national debt during its eight years. According to Obama's budget, he will add an additional $4 trillion to the debt by the end of 2011. Hoyer should be horrified, Obama will cause more fiscal harm to our nation in three years than Bush did in eight.
Obama's Chief of Staff, Rahm Emmanuel, also weighed in, saying, "President Bush . . . ran up record deficits and added nearly $4 trillion to the national debt. Mr. President, we will be forever in your debt," according to the Los Angeles Times.
The national debt is now $11 trillion, and, according to USA Today, if Obama's plan is passed, within a decade we're going to have a $23 trillion debt. Bush's debt is small potatoes compared to what your boss is planning, Mr. Emmanuel.
President Obama, in a display of profound irony, is holding a "fiscal responsibility summit."
Here are a few ideas for his summit If he really believes in fiscal responsibility, he might not want to blow $787 billion on a stimulus plan within his first month in office.
Also, his $634 billion dollar new "health reform reserve" is a bad idea. We shouldn't be reserving money when we don't have funds in the first place.
Also, what's the point of his new tax strategy? Yes, he's raising taxes on the rich, but he's also cutting taxes for everyone else.
Obama has proposed a 2009 budget that will run a deficit of $1.75 trillion dollars and an additional deficit of $1.2 trillion dollars next year.
Back in 2004, Sen. John Kerry rightly attacked President George W. Bush's spending policies as "reckless." By 2008, the attacks on Bush's record increased.
Democrat Stanley Hoyer, who is second in command behind Nancy Pelosi in the House, said "the Bush administration is the most fiscally irresponsible administration in American history."
The Bush administration added roughly $4 trillion to the national debt during its eight years. According to Obama's budget, he will add an additional $4 trillion to the debt by the end of 2011. Hoyer should be horrified, Obama will cause more fiscal harm to our nation in three years than Bush did in eight.
Obama's Chief of Staff, Rahm Emmanuel, also weighed in, saying, "President Bush . . . ran up record deficits and added nearly $4 trillion to the national debt. Mr. President, we will be forever in your debt," according to the Los Angeles Times.
The national debt is now $11 trillion, and, according to USA Today, if Obama's plan is passed, within a decade we're going to have a $23 trillion debt. Bush's debt is small potatoes compared to what your boss is planning, Mr. Emmanuel.
President Obama, in a display of profound irony, is holding a "fiscal responsibility summit."
Here are a few ideas for his summit If he really believes in fiscal responsibility, he might not want to blow $787 billion on a stimulus plan within his first month in office.
Also, his $634 billion dollar new "health reform reserve" is a bad idea. We shouldn't be reserving money when we don't have funds in the first place.
Also, what's the point of his new tax strategy? Yes, he's raising taxes on the rich, but he's also cutting taxes for everyone else.
Viewing Comments 1 - 6 of 8
MrP
posted 3/03/09 @ 8:51 AM MST
At least Obama is trying to do something to fix the econonmy. What did Bush do to make our economy better? The US economy has been going down hill for quite a while now and no one, both republicans and democrats, has had enough foresight to try to fix it. (Continued…)
Chunk
posted 3/03/09 @ 11:36 AM MST
Our government is indeed spending WAYYYYYY too much money, but at least this president acknowledges the spending being accorded our military actions overseas, unlike his predecessor whose budgets ignored them. (Continued…)
John
posted 3/03/09 @ 12:32 PM MST
If you think real change is going to come within a few months of being elected, then you have unrealistic expectations. Give him some time and then you will see real change. (Continued…)
Arvensis
posted 3/03/09 @ 1:57 PM MST
First off - good job Ian. I am impressed that you took on this topic knowing you were going to get hammered by all these crazy Barry loving freaks. Yes, it is true that I do not agree with Barry's decisions. (Continued…)
Bdygard
Craig Hawley
posted 3/04/09 @ 12:53 AM MST
Obama is already falling and people are awakening to the fact they got screwed with his Porkulus bill and are protesting nation wide.
Just give it a while longer Ian. (Continued…)
Shelley
posted 3/11/09 @ 9:01 PM MST
Ian, I agree with you. I don't know how people can defend this reckless spending!!!! People need to be responsible for their own actions. The government needs to become much smaller. (Continued…)
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