$1 trillion deficits seen for next 10 years

Mar 20, 2009 - $1 trillion deficits seen for next 10 years WASHINGTON (AP) - President Barack Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month. The Congressional Budget Office figures, obtained by The Associated Press Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget. - 1 Comment

FACT CHECK: Obama disowns deficit he helped shape

Apr 29, 2009 - FACT CHECK: Obama disowns deficit he helped shape By CALVIN WOODWARD WASHINGTON (AP) - "That wasn't me," President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One. It actually was him - and the other Democrats controlling Congress the previous two years - who shaped a budget so out of balance. And as a presidential candidate and president-elect, he backed the twilight Bush-era stimulus plan that made the deficit deeper, all before he took over and promoted spending plans that have made it much deeper still. - 21 Comments

BUSH DEFICIT VS. OBAMA DEFICIT IN PICTURES.

Mar 24, 2009 - http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/ - 10 Comments

October deficit bigger than expected (Read it and weep folks)

Nov 13, 2009 - October deficit bigger than expected by Ed Morrissey What better way to kick off Barack Obama’s first full budget year as President than with a deficit that exceeded the White House’s own projections as well as analysts’ expectations? The federal government busted the budget worse than last October by $20 billion with a deficit of $176.36 billion for the month. That used to be considered a decent deficit target … for an entire year: The federal government kicked off fiscal year 2010 by posting its widest-ever October budget deficit, the Treasury Department said Thursday. - 0 Comments

Seeing Red: America’s debt is Barack Obama’s biggest weakness

Jun 16, 2009 - “PAYING for what you spend is basic common sense. Perhaps that’s why, here in Washington, it’s been so elusive,” said Barack Obama on June 9th. He was urging Congress to pass a new “pay-as-you-go” (PAYGO) plan that would oblige it to pay for new spending either by raising taxes or by cutting outlays. - 6 Comments

The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year

Oct 08, 2009 - By ANDREW TAYLOR, Associated Press Writer Andrew Taylor, Associated Press Writer – Wed Oct 7, 7:02 pm ET WASHINGTON – The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday. The Congressional Budget Office estimate, while expected, is bad news for the White House and its allies in Congress as they press ahead with health care overhaul legislation that could cost $900 billion over the next decade. The unprecedented flood of red ink flows from several factors, including a big drop in tax revenues due to the recession, $245 billion in emergency spending on the Wall Street bailout and the takeover of mortgage giants Fannie Mae and Freddie Mac. - 3 Comments

G.O.P. Considers ‘Purity’ Resolution for Candidates

Nov 23, 2009 - http://thecaucus.blogs.nytimes.com/2009/11/23/gop-considers-purity-resolution-for-candidates/?nl=us&emc=politicsemailema3 By ADAM NAGOURNEY The battle among Republicans over what the party should stand for — and how much it should accommodate dissenting views on important issues — is probably going to move from the states to the Republican National Committee when it holds its winter meeting this January in Honolulu. Republican leaders are circulating a resolution listing 10 positions Republican candidates should support to demonstrate that they “espouse conservative principles and public policies” that are in opposition to “Obama’s socialist agenda.” According to the resolution, any Republican candidate who broke with the party on three or more of these issues– in votes cast, public statements made or answering a questionnaire – would be penalized by being denied party funds or the party endorsement. The proposed resolution was signed by 10 Republican national committee members and was distributed on Monday morning. - 0 Comments

Obama says US Long-Term Debt Load "Unsustainable"

May 15, 2009 - Ummm....DUH!!!! Too bad he didn't realize that before he spent 1.3 trillion dollars the first month he was in office. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Obama Says U.S. - 8 Comments

Not so fast, Mr. President

Jul 13, 2009 - Not So Fast, Mr. President In his rush to fix everything, Obama is skipping vital steps in the change process By Jack and Suzy Welch Is the President taking on too much—or is the media having trouble keeping up? —Tim Moore, Louisville If only a dunderheaded media was the problem, we'd be a lot less worried. But no. - 102 Comments

A Democratic senator says no to a huge federal spending bill

Mar 04, 2009 - MARCH 4, 2009, 12:51 P.M. ET (WSJ) Deficits and Fiscal Credibility A Democratic senator says no to a huge federal spending bill By EVAN BAYH This week, the United States Senate will vote on a spending package to fund the federal government for the remainder of this fiscal year. The Omnibus Appropriations Act of 2009 is a sprawling, $410 billion compilation of nine spending measures that lacks the slightest hint of austerity from the federal government or the recipients of its largess. - 4 Comments