As the democrat leadership tries to sell itself (see-pretends) as fiscally relevant in the face of a nationwide revolt against spending and new taxes some unpleasant facts have come to the fore.
Rep Hensarling actually brought this up to the president today stating that the democrat congress’ monthly deficit had actually exceeded the Republican congress’ yearly deficit. Obama objected, and it looks like Obama was right.
The annual budget deficit under democrat congressional rule over the past three years (2007-2009) is 3.222 trillion, which is 1.027 trillion per year or 90 billion a month.
Republican congressional annual average deficits were 104 billion per year. So Obama was right. The democrat’s monthly deficits are actually 14 billion less than the GOP congresses annual numbers.
Apples to apples?
Democrat congresses are responsible for 987% more deficit spending per year when they run congress than republicans are.
Now democrats would like to blame Bush—and they did it successfully in 2008 but without a Bush to hide behind the truth has been revealed. They have been ducking their own responsibility for all that spending. You see, Bush could not spend that money without their consent. Not one penny. And correct me if I’m wrong, but don’t we elect representatives to congress to prevent such abuses when they object to them.
Mr. Obama signed off on all the old spending, and has instituted all this new spending. And his 2011 budget is no better. It grows government, raises taxes, and continues to feed the specter of government before the people.
2010 will likely see the beginning of a double dip recession. The government cannot sustain GDP on the backs of taxpayers indefinitely and this government’s anti-growth policies will continue to drive employment up and demand down.
Hold on to your paychecks people—if you still have one. We’re in for a rough ride
Cross Posted Steve’s primary Blog at NH Insider.com
http://www.nhinsider.com/steve-mac-donald/2010/2/2/deficit-full-speed-ahead.html
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