I am retiring from politics.
-- That didn't last very long...
Interesting article in Forbes magazine - they just declared Barack Obama the smallest government spender since Eisenhower.
http://www.forbes.co...s-barack-obama/
I will ignore the fact that the author Rick Ungar has been fired from other gigs at least twice before because of "embellishment" within his writings.
Let's look at a couple of points though, shall we?
-- Obama's $780 Billion "Shovel Ready Jobs Stimulus" drove 2009's budget to over 25% of the economy and elevated the Deficit for one year to above $1 TRILLION for THE FIRST TIME IN HISTORY.
Another $1 Trillion was added to the Deficit under Obama in 2010.
Another $1 Trillion was added to the Deficit under Obama in 2011.
The White House itself reported that in 2012 they will add Another $1 Trillion to the Deficit.
Mr. Obama is four for four in record Deficits.
-- Mr Obama said it was inexcusable that Mr. Bush added $4.9 Trillion to the Deficit over his EIGHT years in office. However, Mr. Obama has added more than that - $5.1 Trillion - to the Deficit in just over three years. He will have added $6 Trillion to the Deficit by the end of his first term.
This is darkly comical when you consider that President Obama, two months into his first term, promised to cut the Deficit IN HALF by the end of his first term.
-- The article's author uses CBO estimates to declare that the amount Obama will add to the deficit will actually drop in 2013. The problem with that is that CBO estimates are based on PROJECTIONS GIVEN FROM THE WHITE HOUSE.
It was the White House's CBO estimates for ObamaCare that said it would cost less than a Trillion dollars. (Something that caused the CBO to do something they never do....publically question the accuracy of the estimates being provided to them.) More than a year later when the actual numbers started coming out, the CBO reported that the White House under reported the costs and ObamaCare will actually cost close to TRIPLE what the White House projected.
Read into that what you will.....
-- As far as Obama's "Jobs Stimulus," it was sold with the promise that it would ensure unemployment would not above 8% and that it would come down to 6% within 18 months.
Unemployment has since been above 8% for 42 STRAIGHT MONTHS. 29 of those months above 9%.
There are currently 300,000 fewer people in the workforce today than when Mr. Obama took office almost four years ago.
Meanwhile 46 MILLION people are currently on Food Stamps.
My favorite canard from The Obama White House is that the Republicans in the House are preventing his budget from being passed.
Mr. Obama put forth one budget which was rejected in the House 414-0....meaning not one single solitary Democrat voted for it.
That budget was also voted down in the Democrat Controlled Senate in 2011 by a vote of 97-0. Not one single Dem vote.
Translation: NOT ONE SINGLE SOLITARY DEMOCRAT IN EITHER THE HOUSE OR THE SENATE VOTED FOR HIS BUDGET.
His 2012 budget was voted down in the Senate by a vote of 99-00. Again, not one Dem wanted his name associated with it.
Obama tried again and Harry Reid wouldn't even allow it to be brought to the floor for discussion, let alone a vote.
-----> Yet - somehow - it is all the Republican's fault LOL <------
Also, the author is beautifully rebutted by the very article he linked to within his piece called "Setting Obama’s “Great Fiscal Restraint Record” Straight."
Added 9/7
CORRECTION: As of today, make that 43 months with unemployment above 8%.
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