Extreme Liberal's Blog

Where Liberalism Is Alive and Well!

FACTS Are Trying To Make A Comeback – Obama’s First Budget Was 8.6% Lower Than Bush’s Last Budget Deficit!

Contrary to what the media and their overlords, the Republican Party, say – President Obama’s first budget came in 8.6% lower than President Bush’s last budget. No shit, I’m serious folks. Now you certainly wouldn’t believe it if you watch television or listen to the radio or read a newspaper, you know those librul sources of information, cough, spit, roll eyes. I saw it in some liberal blogs recently, but jeez, do you think any cable outlets or broadcast networks actually told us that. Or if they did, was it sandwiched between propaganda spewed out by Republicans which overpowers reality in loudness and frequency. From Google News….

WASHINGTON — The US budget deficit shrank by nearly nine percent in the last fiscal year, according to government figures published Friday, as spending decreased and revenues rose.

The figures “underscored the administration’s commitment” to cutting the massive government deficit, Treasury Secretary Timothy Geithner said in a statement.

For the 2010 fiscal year that ended on September 30, the government had a budget deficit of 1.294 trillion dollars, down 8.6 percent from a record-setting 1.416 trillion dollars in the previous year.

Now I realize that some of the trolls won’t quite understand it, since President Obama was elected in 2008 and all. They seem to have trouble understanding that President Bush’s last budget which covered fiscal year 2009 was passed in October of 2008, a month before President Obama was even elected. President Obama’s first budget, which was submitted in October of 2009, came in $122 billion dollars less than W’s last budget. Deal with it, Republicans. I’m sure they will blame it on the Pelosi congress, just like they will blame everything that goes wrong in the next two years on the Republican congress…..right?

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November 22, 2010 - Posted by | Economy, Politics

2 Comments »

  1. For our favorite troll, Ralphie, who keeps trying to comment but is still in a timeout….
    the 8.6% drop is in the deficit, not the overall budget. If maybe you had actually read the post, you might know that.
    “The US budget deficit shrank by nearly nine percent in the last fiscal year,”
    The deficit shrank, not the overall budget. Remember how it’s the deficit you Republicans are worried about ONLY when there is a Democratic president, not when it is your buddy Bushie Boy.

    Comment by ExtremeLiberal | November 23, 2010 | Reply

  2. I would agree with you except you are not correct. The estimated budget deficit not the actual budget deficit. The estimated, or projected, takes the position of everything going right, seldom the case.

    The community organizer should set a budget of 10 trillion and look how massive he has lowered the budge deficit. All a sham no matter which party and the voter just sits on the sidelines and lets it happen.

    Comment by atlanta ralph | November 23, 2010 | Reply


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