Obama! Stop Spending Our Money! The Deficit is $1.4 Trillion! What? It’s Not His Fault?

by Ben Hoffman

Just how much of that deficit can be blamed on Obama? There’s the 400 billion dollars from the 700 billion dollar TARP bailout — 350 of which was handed over to Henry Paulson before Obama took office with virtually no oversight. Almost 400 billion dollars a year goes towards interest on the Reagan/Bush/Bush debt.

That leaves 600 billion dollars.

200 billion dollars from the stimulus package has been spent so far. Because of the high unemployment, revenues have been greatly decreased. The money for the two wars was not previously included in the budget, but it is now.

So it’s a little dishonest to blame Obama for the massive defict.

8 Comments to “Obama! Stop Spending Our Money! The Deficit is $1.4 Trillion! What? It’s Not His Fault?”

  1. Ben, the deficit and the debt are two entirely diffent things.

    Obama and company are clearly responsible. Bush spent like a teenager with an unlimited credit card; but Obama is making Bush look like a miser.

  2. So when does the Trillion here a Trillion There a Trillion everywhere become Obama’s Fault.
    My guess, Never. 🙂

  3. There is a NYT article on the US debt today (see http://euandus3.wordpress.com/2009/11/23/12-trillion-in-debt-living-beyond-our-means/). It hasn’t been just after the financial crisis of 2008 that the US Government has had unbalanced annual budgets… And consider consumer “use” of credit cards? Is there something about our society–about ourselves–that we are missing because we are in it? (e.g. a fish doesn’t “see” its water). I don’t think we are digging deep enough.

    • Euandus-love that name!

      I read your post and your final two sentences pretty much say it all . . .

      ” If we look at the US Government as unsustainable, what we are really saying is that we, ourselves, are fundamentally flawed as concerning being adults. The problem, in other words, transcends finance and politics. We are living beyond our means.”

      Or, as Pogo put it so long ago, “We have met the enemy and he is us.”

  4. obama is a screw up and, guess what he is going to be in office another year i bet and then we are all screwed.

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