Actually, ... it has failed to satisfy the Democrats

Doubling the national debt failed to satisfy Congress

Ten years ago, in 2001, Congress's so-called "debt ceiling" was $5.95 trillion, where it had stood for four years.

Over the next four years, the nation's budgeters raised their debt limit three times.

In all, members of Congress have raised the debt ceiling nine times in 10 years and likely will have to do so again in May.

The "ceiling" now is $14.294 trillion, more than double what it was 10 years ago.

But even that has failed to slake the desire of some in Washington to spend more than taxpayers can afford to supply.

Today, for every $3 the federal government receives in taxes, Congress borrows $2.

http://www.dailymail.com/Opinion/Editorials/201104050872

If this budget ever passes, Obama will likely be looking responsible for a deficit of about 3 trillion dollars, evening up the responsibility between Democrats and Republicans. It's amazing how honesty clears things up.

Bush vs. Obama Spending the Truth

Spending increased every year through 2008. $730 billion of that spending was attributed to military expenditures. That is about 24% of the government spending. It is safe to assume that the war was a significant contributing factor to the massive deficit. The seven years of high war costs are part of the Bush administration, not Obama. This is obviously a significant factor in understanding the countries path to a large federal deficit.

For clarity, Bush did fund the wars through emergency supplemental’s (not the regular budget process), but the spending is reflected in the numbers above.

Now, we have one full year of factual numbers to dissect Obama’s spending. Let’s take a look at the numbers.

Year ............ GDP-US ............ Total Spending-fed ..... Federal Deficit-total
.....................$ billion ..................... $ billion ................... $ billion
2009 ..........14601.4 ......................3517.7 ................ 1412.7


Obama spent approximately $535 billion more year-over-year then Bush’s highest year of spending. Because of the continuing recession and slowed GDP, the deficit increased by a staggering $960 billion.

$794 billion was spent on military expenditures, more than in 2008 while Bush was still president. That cost is almost a wash, but it is a surprising number considering the anti-war stance Obama drove during his campaign.

I also do not want to confuse the reduction in federal revenue with the increase in our federal deficit. This would be unfair to Obama in comparing his spending to Bush’s spending. Rising unemployment and slowed GDP lead to less tax revenue which also increases the federal deficit.

Obama spent the following in new legislation in 2009.

- TARP Program – $154 billion (money spent during Obama’s administration but passed under Bush)

- American Recovery and Reinvestment Act – $202 billion

- Omnibus Spending Bill – $410 billion

This represents about $766 billion in spending directly attributable to the increase of $960 billion in the federal deficit.

http://www.cafetax.com/2010/09/20/bush-vs-obama-spending-the-truth/

SamCogar wrote:Sorry about that Willy, ...... but the pendulum has done swung too far ......... to come back from the brink.

It done went over the brink ...... and is now in free-fall ....... and until it gets through crashing ........ there will be nothing left to do but try to pick up the pieces and fight like hell to reassemble some of them that bests benefits the survivors.

The Romans pretty much ruled the Western World for 400 years ...... but then the Dark Ages ruled for the next 1,500 years.

Me think history is in the process of repeating itself.