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In 1974, a Democrat-dominated Congress in the throes of Watergate passed the Congressional Budget Act of 1974. Among other things, the act established the Congressional Budget Office and codified the notion of baseline budgeting. A budgetary baseline increases about 6% per year. Any expenditure less than that 6% yearly increase is portrayed as a budget cut by Democrats and their media lackeys. One of the games played by Democrats under this law is the passage of stimulus bills. When a stimulus is passed, it adds immediately to the budget baseline for that year and then for every succeeding year. So the Obama-Pelosi-Reid stimulus passed in 2009 added $787 billion of new spending to the federal budget in 2009. It then went on to add $834 billion of new spending in 2010 ($787 billion times 1.06 for the 6% yearly increase); $884 billion in 2011; and finally $937 billion in 2012. Over the last four years, this totals $3,442 billion more than would have been budgeted through the normal process -- which is precisely why the Democrats wanted it passed as a stimulus. Since Harry Reid's Democratic majority in the Senate has consistently refused to pass a budget for nearly three years, the continuing resolutions have simply maintained the yearly automatic 6% increase in spending, leading to the enormous budget deficits of the Obama years. Interestingly enough, the 2009 Obama stimulus was not the first stimulus passed by the Reid- Pelosi congresses. They passed a $152 billion stimulus in 2007 when the democrats retook majorities in the House and the Senate. Another $146 billion stimulus passed in 2008. President Bush signed both of them. The 2007 stimulus added $1,060 billion and the 2008 stimulus added $823 billion of new spending through 2012. Add the three totals together and you end up with $5,326 billion of new spending based simply on adding a new stimulus to the yearly budget baseline and never removing them. That $5,326 billion ($5.3 trillion) represents the entirety of the new deficit spending under the Obama administration which has not had one of their budgets passed since 2009. So what do we learn from all of this? First is that the Democrats are bloody good at deception and fraud. Read more: www.americanthinker.com... Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook
Source
Senate Democratic leaders do not plan to propose a budget this year, Senate Majority Leader Harry Reid told reporters Friday, saying that they had already done so with the debt-ceiling agreement.
“We do not need to bring a budget to the floor this year — it’s done, we don’t need to do it,” Reid said, according to The Hill.
Democrats have said that the agreement reached to raise the Debt Ceiling set spending for Fiscal Year 2012.
Indeed and great catch!
Originally posted by syrinx high priest
obama is a senator now ?
huh ?
Originally posted by syrinx high priest
obama is a senator now ?
huh ?
Originally posted by sheepslayer247
Why is nothing being said about the Billions and Trillions of taxpayer dollars we have spent to pad the pockets of Republican cronies in the military-industrial complex and the intelligence community?
Originally posted by bjax9er
Originally posted by sheepslayer247
Why is nothing being said about the Billions and Trillions of taxpayer dollars we have spent to pad the pockets of Republican cronies in the military-industrial complex and the intelligence community?
democrats have been whining about this for the last 12 years not stop. and rightly so.
all the while they are padding their own pockets and that of their cronies.
so drop the hypocrisy, everyone knows most politicians are crooks.
especially the tyrants, i mean democrats.