Obama Spending Binge Never Happened - Wall Street Journal

reply to post by Blackmarketeer

Obama Presided Over a Tax Revenue Drought, Not a Spending Binge

Year ----- Revenue ------ Spending ----- (Deficit) ----- Revenue/Spending Ratio

2006 ......2,406,869 .......2,655,050 ...(248,181)…………110.83%

2007 ......2,567,985 .......2,728,686 ...(160,701)…………106.23%

2008 ......2,523,991 .......2,982,544 ...(458,553)……..….118.25%


[color=cyan]The wild drunken binge spending started here:
2009 ......2,104,989 .......3,517,677 ...(1,412,688)………167.62%

2010 ......2,162,724 .......3,456,213 ...(1,293,489)………160.19%

2011 ......2,173,700 .......3,818,819 ...(1,645,119)………176.04%

2012 ......2,627,449 .......3,728,686 ...(1,101,237)………141.83%


[color=cyan]Highest Spending in History !!

2009: money spent=$3.52 Trillion

2010: money spent=$3.46 Trillion

2011: money spent=$3.82 Trillion (est)

2012: money spent=$3.73 Trillion (est)


figures from The White House !!!!!!

(see pages 23 & 24 in the pdf)
[url=http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf]-->from the White House

Originally posted by xuenchen
reply to post by Blackmarketeer

 

Obama Presided Over a Tax Revenue Drought, Not a Spending Binge

Year ----- Revenue ------ Spending ----- (Deficit) ----- Revenue/Spending Ratio

2006 ......2,406,869 .......2,655,050 ...(248,181)…………110.83%

2007 ......2,567,985 .......2,728,686 ...(160,701)…………106.23%

2008 ......2,523,991 .......2,982,544 ...(458,553)……..….118.25%


[color=cyan]The wild drunken binge spending started here:

2009 ......2,104,989 .......3,517,677 ...(1,412,688)………167.62%

2010 ......2,162,724 .......3,456,213 ...(1,293,489)………160.19%

2011 ......2,173,700 .......3,818,819 ...(1,645,119)………176.04%

2012 ......2,627,449 .......3,728,686 ...(1,101,237)………141.83%


[color=cyan]Highest Spending in History !!

2009: money spent=$3.52 Trillion

2010: money spent=$3.46 Trillion

2011: money spent=$3.82 Trillion (est)

2012: money spent=$3.73 Trillion (est)


figures from The White House !!!!!!

(see pages 23 & 24 in the pdf)
[url=http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/hist.pdf]-->from the White House

reply to post by jimmyx

uhhmmm yes, i can justify it....the war spending was OFF-BUDGET during bush, it was put back into the budget by obama.
this is well known and is easily verifiable... but the right-wingers continue with this

Detailed figures would help that argument.

The above figures are money actually spent. Not wild guesses.

Go to the White House charts and quote the "OFF-BUDGET" amounts and then re-figure.

Obama the wild binge spender spent the money !!!!


EDIT:
Add link --> Military Spending

Reading this whole thing I feel like "Ive hit the wierd part of youtube again..."


No ..but really.. This idea that Obama isnt a spender is a complete lie.

President Obama Has Outspent Last Five Presidents (US News!)
US News and World Report (amazingly) ^ | 06/01/12 | Elizabeth Flock
U.S. NEWS & WORLD REPORT) — President Obama has shelled out more in federal spending than the five presidents that came before him.
A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn’t reflect well on Obama.
“There has been a dramatic increase in spending under the Obama administration,” David Walker, Founder and CEO of CAI, told Whispers. “Most of it is attributable to year one of his presidency and the stimulus… but President Obama has continued to take spending to a new level.”

Originally posted by randomname
its a sad state of affairs if a previous president in his last year in office balloons the budget to make his successor look bad.

Just because I budget $300 for groceries doesn't mean I need to spend all $300. Especially if things look scarce, I might want to save, not INCREASE spending.

May Budget Deficit Double Last May
The U.S. government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year.
So far this fiscal year, the budget deficit stands at $844.5 billion, narrower than at the same time a year ago.

Read more: www.foxbusiness.com...

Originally posted by Surfrat
May Budget Deficit Double Last May
The U.S. government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year.
So far this fiscal year, the budget deficit stands at $844.5 billion, narrower than at the same time a year ago.

Read more: www.foxbusiness.com...

No, it's just a mirage!

Obama is not a big spender. It's all just Fox News spin.

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BTW, Eric Bolling says on average Obama is spending about $9.6 Billion everyday!

Bush only spent $6.2 Billion everyday.

Originally posted by Eurisko2012

Originally posted by Beanskinner

Originally posted by Eurisko2012
reply to post by BritofTexas

 

We need private sector solutions.

Like cheap credit, speculation and Bubbles?

No thanks,


We need main street solutions and we need government to keep Wall Street in it's place

We need a Tax Repatriation Holiday. That will bring $$$ billions back to the USA.

We need fewer regulations that are killing small businesses.

--------

Yep, just what we need. More untaxed wealth that the wealthy could "re-patriot" if they chose to be Patriotic Americans.

You mean fewer regulations that Obama has approved, at the same time in his administration, as his predecessor?

Indeed, just what we need.

Everyone is entitled to their own opinions, but not facts.

This is important information that more Americans need to be aware of. To think that all the hype and lies about Obama being a big spender has been officially debunked is something noteworthy.

Look at the chart folks just look at it.

Facts speak for themselves.