obama_delivers budget_FACT:  The last federal budget actually signed into law took place in September of 2007 for fiscal year 2008.  It was signed by President Bush.

FACT:  Since then, and due to the Democrat party spending objectives, not a single day of the Obama administration has been with any budget restrictions at all.

FACT:  The ‘spend at will’ Democrats had full control of both houses of congress and the White House for Fiscal Years 2009, 2010, 2011 and they never passed a budget.   The Senate never even proposed one, and the Obama budget proposal only got 2 votes in 2011, and -ZERO- votes in 2012.

House Budget Committee Chairman Paul Ryan And Sen. Sessions Discuss GOP Budget PlanFACT:  The Republicans took control of the House of Representatives in Jan 2011.  They passed a budget for Fiscal year 2012 (The Ryan Plan), and again for Fiscal Year 2013 (Ryan Plan 2.0).   The Harry Reid Senate never brought either House budget up for a vote – nor did they produce one of their own.

FACT:  By Law the Executive Branch (The President) must produce his budget proposal by the first Monday in February each year.   It is now April 9th and Obama, despite having taken 3 vacations, has yet to propose one.   {reportedly a proposal will come out tomorrow}

FACT:  The federal government spends approximately $1.3 Trillion dollars more each year than currently it takes in via tax revenues.   [That’s one thousand 300 billions]  This is called the federal deficit.

FACT:   When President Obama took office the total accumulated federal debt was approximately $5 Trillion.    It is now almost $17 Trillion and climbing.   {as mentioned above it is increasing at a rate of about $1.3 trillion anually}

Reportedly President Obama’s budget proposes to cut $1.8 Trillion in “deficit” spending over the next 10 years.    That’s $180 billion per year…. while the current rate of deficit is $1.3 trillion per year.

Note how President Obama never talks about cutting the “debt”, only cutting the rate of deficit.    We’ll still spend more than we take in – we’ll just trim it a little.

This is an unsustainable path to ruin.

economy

Posted in A New America, Bailouts, Dear Leader - Creepy POTUS Worship, Decepticons, Dem Hypocrisy, Economy, Election 2012, Harry Reid, John Boehner, media bias, Obama re-election, Obama Research/Discovery, Predictions, Socialist, Tea Party, Typical Prog Behavior, Uncategorized, White House Coverup
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