Obama cuts more spending then Bush

[punked]

President Obama notched substantial successes in spending cuts last year, winning 60 percent of his proposed cuts and managing to get Congress to ax several programs that had bedeviled President George W. Bush for years.

The administration says Congress accepted at least $6.9 billion of the $11.3 billion in discretionary spending cuts Mr. Obama proposed for the current fiscal year. An analysis by The Washington Times found that Mr. Obama was victorious in getting Congress to slash 24 programs and achieved some level of success in reducing nine other programs.

http://www.washingtontimes.com/news/2010/jan/14/obama-wins-more-cuts-in-spending-than-bush/

[bush_cheney2004]

Wow...$6.9 billion huh....let's see...$1.75 TRILLION - $6.9 BILLION is not very impressive.

http://3.bp.blogspot.com/_gcA0ZuKGkI8/SxXXFx28TZI/AAAAAAAAFBc/mwZYaYFvjJ0/s640/bush_deficit_vs_obama_deficit_in_pictures_2.jpg

[BubberMiley]

$6.9 BILLION is not very impressive.

Then you must be terribly embarassed to have voted for Bush.

[bush_cheney2004]

Then you must be terribly embarassed to have voted for Bush.

No...it was a right..... that you don't have.

Edited January 15, 2010 by bush_cheney2004

[punked]

Wow...$6.9 billion huh....let's see...$1.75 TRILLION - $6.9 BILLION is not very impressive.

http://3.bp.blogspot.com/_gcA0ZuKGkI8/SxXXFx28TZI/AAAAAAAAFBc/mwZYaYFvjJ0/s640/bush_deficit_vs_obama_deficit_in_pictures_2.jpg

Those numbers were adjusted for 2009 to 1.3 Trillion so looks like he gothcha .45 trillion already for yah well on his way.

Edited January 15, 2010 by punked

[bush_cheney2004]

Those numbers were adjusted for 2009 to 1.3 Trillion so looks like he gothcha .45 trillion already for yah well on his way.

Oh Great! It's only a $1.3 TRILLION dollar deficit. How nice.

[Shady]

This thread is a joke right? Please say that you're just joking around. Obama passes the largest spending bills in the history of the country, piles up the largest deficit in the history of the country, and is projected to increase the debit more in 4 years than Bush did in 8, and we're suppose to wet ourselves over 6.9 billion dollars in so-called cuts. Except they're not cuts, he's eliminating some programs, and moving the money to spend elsewhere. But besides that, what are we applauding here? Spending more irresponsibly than President Bush, and then finding some loose change and pounding your chest?

[punked]

This thread is a joke right? Please say that you're just joking around. Obama passes the largest spending bills in the history of the country, piles up the largest deficit in the history of the country, and is projected to increase the debit more in 4 years than Bush did in 8, and we're suppose to wet ourselves over 6.9 billion dollars in so-called cuts. Except they're not cuts, he's eliminating some programs, and moving the money to spend elsewhere. But besides that, what are we applauding here? Spending more irresponsibly than President Bush, and then finding some loose change and pounding your chest?

Ummm you know half of the Spending in the last year 700 billion TARP was approved by Bush right? No of course you don't you don't know anything about what you talk about.

[bush_cheney2004]

Ummm you know half of the Spending in the last year 700 billion TARP was approved by Bush right? No of course you don't you don't know anything about what you talk about.

Then why do the humongous deficits continue for the out years? Let me guess...it's Bush's fault. LOL!

TARP outlays are being paid back as we type.

[punked]

Then why do the humongous deficits continue for the out years? Let me guess...it's Bush's fault. LOL!

TARP outlays are being paid back as we type.

Yes they are good thing for Obama right?

As for the projected number I hope those numbers become balanced unlike those past 7 years under Bush. Although doing it will be hard and with the Republicans staling anything and everything it becomes a lot harder.

[bush_cheney2004]

Yes they are good thing for Obama right?

Yes...he is executing Bush's plan...with Bush's people.

As for the projected number I hope those numbers become balanced unlike those past 7 years under Bush. Although doing it will be hard and with the Republicans staling anything and everything it becomes a lot harder.

...and I hope I win the PowerBall lottery. BTW....US unemployment is back up...way over 8% !!

[BubberMiley]

No...it was a right..... that you don't have.

Actually, I do. But I've never exercised it because I don't want the IRS to come after me.

I was born in South Dakota.

[punked]

Yes...he is executing Bush's plan...with Bush's people.

...and I hope I win the PowerBall lottery. BTW....US unemployment is back up...way over 8% !!

Yet the CEA says the stimulus has saved 30 million jobs and kept unemployment under 12%. I agree though it was a fine mess Bush left last year for Obama.

[bush_cheney2004]

Yet the CEA says the stimulus has saved 30 million jobs and kept unemployment under 12%. I agree though it was a fine mess Bush left last year for Obama.

We want Bush back....50% of voters! Obama is a Carter redux!

[bush_cheney2004]

Actually, I do. But I've never exercised it because I don't want the IRS to come after me.

I was born in South Dakota.

Sure you were...just like me mum.

[punked]

We want Bush back....50% of voters! Obama is a Carter redux!

I wish Obama was Carter, or I would take LBJ but he isn't yet, he is way more Clinton then anyone.

PS. Carter has a higher approval rating then Bush right now.

[bush_cheney2004]

I wish Obama was Carter, or I would take LBJ but he isn't yet, he is way more Clinton then anyone.

PS. Carter has a higher approval rating then Bush right now.

So what? When it mattered, Carter had the worst misery index and ratings of all. Obama may test those lows.

[BubberMiley]

Sure you were...just like me mum.

I knew she wasn't. But I was born in Eureka, South Dakota and moved to Winnipeg when I was 2.

[punked]

So what? When it mattered, Carter had the worst misery index and ratings of all. Obama may test those lows.

So what? Carter is the only president to foster a lasting Peace in a place where it never existed. He might be the only president in 100 years who fostered peace period. Bush is the only president who ended his term with lower Wall street numbers then when he came in.

[bush_cheney2004]

I knew she wasn't. But I was born in Eureka, South Dakota and moved to Winnipeg when I was 2.

Whatever you say...I believe you just as much as you believe me, but the difference still stands...I get to vote.

[bush_cheney2004]

So what? Carter is the only president to foster a lasting Peace in a place where it never existed. He might be the only president in 100 years who fostered peace period. Bush is the only president who ended his term with lower Wall street numbers then when he came in.

Carter made us pay for that peace to the tune of $100 billion and still growing. That's a very expensive Peace Prize.

Bush also had the highest numbers....never to be bested by Obama.

[August1991]

A couple of (non-partisan) points here.

TARP was a $700 billion programme approved by Bush to help America's banking sector overcome liquidity problems. In theory, the banks will repay much of this money. Some have already.

Obama signed a $787 billion stimulus package as part of a Keynesian fiscal policy to get the economy moving again. This money was borrowed, and in no way threatens the capacity of the US federal government to borrow more. The US federal government was in far greater debt, as a percentage of GDP, in 1946 than it is now even after Obama's stimulus package.

Lastly, the OP's $6.9 billion cut may be peanuts but I consider it a success for Obama. It highlights how difficult it is for politicians to say "no". And imagine the implications of that.

Western politicians behave like cocaine snorters at a party offered by a Hollywood producer: they use other people's stash.

[Shady]

This money was borrowed, and in no way threatens the capacity of the US federal government to borrow more. The US federal government was in far greater debt, as a percentage of GDP, in 1946 than it is now even after Obama's stimulus package.

The Debt Tsunami

The CBO's latest warning on the long-term deficit is scarier than ever.

its freshly released report on the federal government's long-term financial situation. To put it bluntly, the fiscal policy of the United States is unsustainable.

This huge mass of debt, which would stifle economic growth and reduce the American standard of living, can be avoided only through spending cuts, tax increases or some combination of the two. And the longer government waits to get its financial house in order, the more it will cost to do so, the CBO says.

Link

[Shady]

Economists sound warning on rising debt

The United States, they unanimously said, is facing "a debt-driven crisis - something previously viewed as almost unfathomable in the world's largest economy."

Under the impact of the worst economic calamity since the Great Depression, the federal government ran a deficit of $1.4 trillion this past year. The rescue effort was necessary, but in 2009 alone, the public debt grew 31 percent from $5.8 trillion to $7.6 trillion, rising from 41 percent to 53 percent of gross domestic product (GDP).

Unless strong remedial steps are taken, in the years just ahead, the debt is projected to rise to 85 percent of GDP by 2018 and 100 percent four years later. By that time, barely a dozen years from now, these sober-sided, deeply experienced folks say, the American economy will likely be in ruins.

Link

[KeyStone]

This thread is a joke right? Please say that you're just joking around. Obama passes the largest spending bills in the history of the country, piles up the largest deficit in the history of the country, and is projected to increase the debit more in 4 years than Bush did in 8, and we're suppose to wet ourselves over 6.9 billion dollars in so-called cuts. Except they're not cuts, he's eliminating some programs, and moving the money to spend elsewhere. But besides that, what are we applauding here? Spending more irresponsibly than President Bush, and then finding some loose change and pounding your chest?

Just out of interest...since you seem to think that Obama was horridly irresponsible for creating a massive deficit and debt, do you feel the same way about what Stephen Harper did? Or is that different?