Greetings!! Is this your first visit? If so, please consider registering. It enables downloads and removal of adverts. Use the 'facebook connect' for quick access.
Register
+ Have your say...
Results 1 to 2 of 2
  1. #1
    Tyrael's Avatar
    Tyrael is offline Style & coordination Administration
    Member Since
    Sep 2006
    Location
    Western World
    Posts
    5,369

    Thumbs down Obama has Highest Spending Record for First-Year Presidents

    Updated November 24, 2009

    Obama Shatters Spending Record for First-Year Presidents

    The federal government spent $3.5 trillion during President Obama's first year in office. This far exceeds the spending for any other first-year president.

    President Obama has shattered the budget record for first-year presidents -- spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

    In fiscal 2009 the federal government spent $3.52 trillion -- $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush's term and the first eight-and-a-half months of Obama's.

    That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush's for 2008, his final full fiscal year in office.

    Click here to read FOXBusiness.com's Elizabeth MacDonald describe what the interest on the debt can buy.

    That's a big increase. But compared with other presidents' first years in office, Obama is running circles around them.

    Bush spent $1.8 trillion in 2001, according to government budget figures that have been adjusted for inflation based on 2000 dollars. Using the same formula, former President Bill Clinton spent $1.6 trillion in 1993.
    Read more.

    Obama's budget plan for rest of his term will only make things even worse, because his cabinet is not fiscally responsible.


    Bleak Deficit Numbers Projected Under Obama's Budget Plan

    The Congressional Budget Office released figures Friday forecasting that President Barack Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019 and that the deficit for this fiscal year will rise to a record $1.8 trillion.

    The CBO also issued gloomier forecasts for the U.S. economy, projecting that it will contract 3 percent in 2009 before growing 2.9 percent next year and expanding 4 percent in 2011.

    The report forecasts a record $1.8 trillion deficit for the fiscal year, which ends Sept. 30, under the Obama administration's budget proposal. The CBO then projected the deficit would ebb some to $1.4 trillion for 2010 -- or 9.6 percent of GDP, according to news agencies.

    The president's proposal, which was released last month, outlined a $3.5 trillion blueprint for government spending, the largest ever. It included new spending priorities, such as expanded funding for universal health care initiatives and other programs.

    The president's budget outline to Congress included a forecast of almost $7 trillion in deficits through 2019, falling some $2.3 trillion short of CBO predictions.


    Congress has recently passed two huge spending bills, the $787 billion stimulus package and an omnibus funding measure, amid the recent economic downturn.

    "Although the economy is likely to continue to deteriorate for some time," the CBO said, the stimulus package "and very aggressive actions by the Federal Reserve and the Treasury are projected to help end the recession in the fall of 2009." (Comment: end the recession? That's utter lies, the recession has just begun, all stimulus packages are unnecessary waste of money, it only makes things worse with additional debt, because it postpones the real recession which cannot be avoided).

    The numbers come as a battle brews in Congress over approval of the budget plan. Republicans were quick to voice concern over the new numbers.

    "This report should serve as the wake-up call this administration needs," said House Minority Leader John Boehner, R-Ohio, according to the Associated Press. "We simply cannot continue to mortgage our children and grandchildren's future to pay for bigger and more costly government."
    Read more.

    Obama's deeds are different then his charismatic words, because under his presidency, with the help of his wall street-Fed cabinet members, he spent far more money (borrowed from the Federal Reserve) than any other first-year president in American history. Obama throws America into an abyss of more debt with increasing interest rates on the loans.

    Also see for example this video:






    http://www.infowars.com/

    Alex Jones covers some recent aspects of diplomatic immunity, as extended to Interpol and other foreign agencies, by way of President Obama's Executive Order 12425. They, along with foreign troops & assets have been increasingly used throughout the United States to for 'Homeland' control over the populace.

    Check these links for more info:

    Obama Extends Diplomatic Immunity to Interpol by Executive Order
    http://www.infowars.com/obama-extend...ecutive-order/

    Why Does Interpol Need Immunity from American Law?
    http://corner.nationalreview.com/pos...Q0NmJiZDNmMDY=

    FEMA: National Level Exercise 2009 (NLE 09)
    http://www.fema.gov/media/fact_sheets/nle09.shtm

    IDF, US National Guard to share defense ideas
    http://www.jpost.com/servlet/Satelli...cle%2FShowFull

    Army Dispatched in Response to End the Fed Protests
    http://www.infowars.com/army-dispatc...-fed-protests/

    The Pentagon Wants Authority to Post Almost 400,000 Military Personnel in U.S.
    http://www.progressive.org/wx081209b.html

    Secret State Police Report: Ron Paul, Bob Barr, Chuck Baldwin, Libertarians are Terrorists
    http://www.infowars.com/secret-state...re-terrorists/

    The Modern Militia Movement-Missouri MIAC Strategic Report 20Feb09
    http://www.scribd.com/doc/13290698/T...eport-20Feb09-
    Last edited by Tyrael; 24th-December-2009 at 12:20 PM.
    ~ Support Fathers & Families for Father's Rights and Equal Parenting! Go to fathersandfamilies.org ~

    ~ Fathers & FamiliesTM improves the lives of children and strengthens society by protecting the child’s right to the love and care of both parents after separation or divorce. ~

    ~ Feminism = Every bad thing any man has ever committed highlighted and exaggerated; every bit of good systematically undermined, vilified or ignored. ~

    ~ A man needs a woman like a lion needs a stove. ~

    ~ Women deserve only equal opportunity, not equal outcomes. ~

    ~ Men are not collectively "guilty" of anything. ~

    ~ Never needing to be pregnant is a blessing. ~

    ~ Feminist ideology “men have to respect women, but women have no reason to respect men” ~

    ~ Everybody makes choices, and nobody should be entitled to special treatment because of those choices.
    Equal results based on unequal treatment amounts to no kind of equality at all. ~

  2. #2
    Percy's Avatar
    Percy is offline Knackered old Knight
    Member Since
    May 2006
    Location
    Overlooking the D'Entrecasteaux Channel. The views are magnificent.
    Posts
    18,307

    Re: Obama has Highest Spending Record for First-Year Presidents

    the stimulus package "and very aggressive actions by the Federal Reserve and the Treasury are projected to help end the recession in the fall of 2009."
    Fall has fallen by the wayside and is covered in a snowdrift.
    When in need of a drink to Refresh the soul
    Drop into the Knight & Drummer Free House.
    http://parzivalshorse.blogspot.com.au/
    Always leave a Comment as a tip.


    Cum dilectione hominum et odio vitiorum
    Love the Sinner but not the Sin.
    (St. Augustine)

    For we wrestle not against flesh and blood, but against Principalities, against Powers,
    against the Rulers of the Darkness of this world, against Spiritual Wickedness in high places. “
    (and within ourselves)


    A Feminist is a human being who has lost her way and turned vicious. If you meet one on the road as you
    Go your Own Way, offer kindness but keep your sword drawn.






 

You may also enjoy reading the following threads, why not give them a try?

  1. Replies: 12
    Last Post: 26th-July-2011, 01:49 PM
  2. Level of abortions reaches record high of 200,000 a year
    By Major Tom in forum Chit chat (MAIN)
    Replies: 2
    Last Post: 19th-June-2007, 09:28 PM
  3. Replies: 0
    Last Post: 11th-January-2007, 04:35 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Donate to AntiMisandry

1e2 Forum