Sunday, August 7, 2011

B-b-b-But It's HIS Fault

I got this in an email from my dad. It's great!  

B-b-b-But It's HIS Fault

The Washington Post babbled again today about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this BULL.  So once more, a short civics lesson 

Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.

the Democrats controlled the budget process for FY 2008 & FY 2009 as well as FY 2010 & FY 2011. (FY = fiscal year)

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For FY 2009 though, 
Nancy Pelosi Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets. 

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period: (below)

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, including Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself. 

In a nutshell, what Obama is saying is I inherited a deficit that I voted for
 and then I voted to expand that deficit four-fold since January 20th.

There is no way this will be widely publicized unless each of us sends it on!
This is your chance to make a difference.
 Stay Focused, Connected, Informed & Inspired.



Randy-g said...

Spot on Teresa! Barry knows nothing but blame Booooosh...

Leticia said...

Teresa, absolutely, positively, without a doubt, correct.

Thank you for setting the record straight.

WomanHonorThyself said...

more blame placing ..charming eh!

Bd said...

Guys, c'mon. Bush put you all in a deep, deep hole. No doubt about it. Complaining about blaming him doesn't make it so.

Teresa said...

bd: Bush put us partially in the hole - about 45% belongs to the Bush years and 55% of debt belongs to the first 3 years of the Obama administration. But taking into account Fannie and Freddie and the Community Reinvestment act which put us into the hole - including about half of Bush's part of the hole - means that Democrats or progressives own most of the responsibility for our being deep, deep in the hole in the case of both the debt and deficit.