Budget Deficit Now $1.8 Trillion, Media Blame Bush

Photo of Noel Sheppard.

The Obama White House revised up 2009's budget deficit projections to $1.8 trillion Monday, and the press blamed it on George W. Bush.

Without considering how the current budget passed last year with virtually no Republican support, and that all spending associated with this record-breaking deficit was either approved by Senator Obama or signed into law by President Obama, news outlets echoed what Office of Management and Budget director Peter Orszag ascribed as the culprit in his blog: 

The deficits in these years, now projected to be 12.9 percent and 8.5 percent of GDP, respectively, are driven in large part by the economic crisis inherited by this Administration.

The New York Times accepted this assessment without question in its article on the subject Tuesday:

The president's budget director, Peter R. Orszag, disclosed the deficit revisions Monday in his blog on the budget office's Web site. He said they were "driven in large part by the economic crisis inherited by this administration." He cited Treasury estimates that revenue collections would be $30 billion to $50 billion less this year and next compared with February calculations, and higher-than-expected costs for bank bailouts.

Congressional Democrats echoed the reference to the inheritance from President George W. Bush. "It took eight years for the previous administration to dig this hole. It is going to take time to climb our way out," Senator Kent Conrad of North Dakota, chairman of the Senate Budget Committee, said in a statement.

The Associated Press also channeled Orszag's opinion, as did much of the print media.

Yet, missing in all this Bush Derangement Syndrome was any look at how the current out of control spending in this budget occurred, and who voted for it.

After all, on March 14, 2008, then Sen. Obama voted in favor of the 2009 budget which authorized $3.1 trillion in federal outlays along with a projected $400 billion deficit. The 51-44 vote that morning was strongly along party lines with only two Republicans saying "Yes."

When the final conference report was presented to the House on June 5, not one Republican voted for it.

This means the 2009 budget was almost exclusively approved by Democrats, with "Yeas" coming from current President then Sen. Obama, his current Vice President then Sen. Joe Biden, his current Chief of Staff then Rep. Rahm Emanuel, and his current Secretary of State then Sen. Hillary Clinton.

How is this something "inherited by this Administration" when Democrats basically ramrodded the original budget through Congress with virtually no Republican approval -- save Bush's signature, of course -- and the highest members of the Obama White House -- including the president himself -- supported it when they were either in the Senate or the House?

Sadly, Obama-loving media care not to address this inconvenient truth.

But that's just the beginning, for on October 1, 2008, Obama, Biden, and Clinton voted in favor of the $700 billion Troubled Assets Relief Program designed to prevent teetering financial institutions from completely destroying the economy. Through March 31, $293.4 billion of these funds were already allocated.

Couldn't Obama only disavow responsibility for this if he had voted no along with the other 25 Senators disapproving the measure?

And what about the $787 billion stimulus bill that passed in February with just three Republican votes? Wouldn't Obama only be blameless if he vetoed it and was later overridden?

Of course, he didn't, and, instead signed it into law on February 17. Nor did he veto the $410 billion of additional spending Congress sent to his desk three weeks later.

Add it all up, and Obama has approved every penny that will be spent in fiscal 2009 either via his votes in the Senate or his signature as President.

As such, if the Administration wants to blame lower tax receipts on a recession it inherited, and media want to echo that, fine.

But as the fiscal 2009 budget deficit will LARGELY be a function of out of control spending Obama and Company have either voted for or approved, it is unconscionable the press allow it to be completely blamed on either the economy or Bush.

—Noel Sheppard is the Associate Editor of NewsBusters. Follow him at Facebook and Twitter.


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So Obama and the 2006

So Obama and the 2006 democrat congress have nothing at all to do with the spending and budgets they wrote up and approved. Clinton was right, Obama is a Fairy Tale.

D

Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.

The Sad Fact

The sad fact to all this is experienced when talking to your Democrat friends. Every problem in America going back to our nation's founding is the fault of non-Democrats. These people are so mind numbed that they cannot express one bit of dissatisfaction with their party. They carry the mental ability of a bunch of sheep. They have no sense of danger because they believe the Democrat shepherds. They don't realize they have a wolf dressed in a shepherds garb leading down the path of destruction!

Re 2006 Congress

Polls, and I believe Ziegler's movie confirm that the public at large believes that President George W. Bush had a Republican Congress for all eight years. The liberal media doesn't put down that incorrect belief because it better serves democratics to let the people think that President George W. Bush had a Republican Congress when the financial problems came to a head.

You can look at various metrics like the DJIA and see that our country took a turn for the worse in 2006 when President George W. Bush lost the Congress.

correct - blaming Bush are

correct - blaming Bush are we - see figures before and after the new Democrat congress:)

http://themoderatevoice.com/26902/its-the-democratic-congress-stupid/

government is the communists capitalism

And the "gifts" left for Bush???

Ahhh, let's see. Freddie, Fannie, and some scumbags that flew planes into the WTC. 

Just to name a few.

 

BTW, great cartoon.

"You should always tell the truth, because if you tell the truth you make it the other person's problem." Sean Connery

Is this the new way to gather and analyze news now?

"Peter R. Orszag, disclosed the deficit revisions Monday in his blog"

I understand money is tight now but this seems a little ridiculous. Who's job is it at the NYT to surf for news from the administration that is fit to print?

 

 

"Live for yourself...there's no one else more worth living for.
Begging hands and bleeding hearts will only cry out for more"- Rush--Anthem

Inherited from whom?

The Dumbocrats have all the power and they try to blame republicans?

The 2007 Congress inherited an economic recovery and turned it into a recession.  The Obama administration inherited a recession from the Democrat Congress and is in the process of turning it into a depression - er, ah, a "steep orderly decline."

When in power blame the loser

just remember, "we won", as Barry has said, and since the propaganda arm of the Barry admin is doing all the reporting(?), what else is to be expected?

If things are so bad, why hasn't anyone even looked to see why the demolibs DIDN'T propose any solutions when they were in charge during the Bush years? Obvious questions are nver asked. Why do the demolibs want so much money now? Maybe they couldn't get ALL they wanted when Bush would have veoted them.

Remeber too, unintended consequences - GM, Chrysler will be importing or building overseas. Oil will go up, due to the wacko rules the admin wants/gets. Banks will no longer lend money, health care will be handed out, and our mush head students will not be able to complete work applications - but not to worry - they can work for the government.

There is no sense in being stupid, if you can't prove it! - my dad V

deficits

For almost 8 years we were told Bill Clinton gave us surpluses. Surpluses as far as the eye could see. The Dems were telling us they knew how to be fiscally responsible. That Bush's policies failed and we need to break with the failed policies of the past. That Bush ruined the surpluses by changing Clintons policies. If this were actually true, then why was it after Obama was elected he didn't ring up Bill Clinton and ask him how he did it? Last I checked ol' Bill is still around. After a brief conversation Obama could hang up and say, "I got it, I know what to do." And the surpluses would be on the way again. I've wanted to ask a Lib that very question and see what the answer would be.
I'm sure it would be entertaining and devoid of facts.

Instead Obama pushes us further into debt, doing a reprise of the failed policies of the past, the 1930's FDR policies.

This would be the Conversation:

<RING>

Bill: Heellloooo....

Obambi: Uh...Uh...Hi Bill...Uh..can you..uh...tell me how...uh.<a loud crash in the backround> shit...wait minute the teleprompter fell over.<some rumbling>

Bill: Hurry up Barry.....you do know the first black president has better things to do than talk the second black president on the phone. I'm interviewing interns today..heh heh heh....

Obambi: Uh uh.....what  you talking Willis he he......ok...uh...the teleprompter is up again...um where were we...oh yes.....can you uh....tell me how to get surplusses?

Bill: Is that what they are calling it these days? Well first you hire yourself low self esteemed intern, you tell her sweet nothings constantly, get a good cigar.......

Obambi: um, uh, no Bill, uh uh I mean financial surpluses...like uh..the national budget kind.

Bill: Oh ......heh heh....walk over to the first desk...open the top right drawer...

Obambi: ok..uh..done..

Bill: slide the secret panel back......its on the right, heh heh

Obambi:...um uh...secret panel...uh....done...theres a piece of plastice ....uh taped to the side of the drawer....

Bill: Yes and now pull it off......

Obambi: <sound of tape being removed> uh....its a credit card for the National Bank of China......and a phone number.....

Bill: Oh, thats where that went...you can get rid of the phone number...Monica changed it.

 

“Were it left to me to decide whether we should have a government without newspapers or newspapers without government, I should not hesitate a moment to prefer the latter”  - Thomas Jefferson

Budget

Budget surpluses=overtaxation.  The govt mismanages our money when it runs either a deficit or a surplus.  Either way, the citizens are poorer.

Sgt. Schultz's spending spree

Did then Senator Schultz vote for the $700 billion TARP  plan or not? Wasn't there about $350 billion left to spend, that he could have frozen, whenhe was anointed? The 2009 buget resolution, true a carryover from Bush, but with 8% more added by San Fran Nan & Co. could have been vetoed, by the good Sgt,as POTUS, couldn't of it?All facts, allACTIONS taken by Sgt. Schultz and his boy Orzag, who argued against the effectiveness of the type of stimulus plan put forth by the good Sgt, when he was head of the CBO, now says they inherited this and "we did nothing to compond it". Facts are a mighty illuminating thing, aren't they?

One thing is Certain about World Economies

The nation that loans money commands, the nation that borrows money serves; it is necessary to balance trade in order to ensure freedom; the country that wants to die, borrows money in order to improve its economy, and the country that wants to survive loans money to the country trying to improve its economy.

Barack Obama is borrowing more money, than any 'Leader' in the History of the World.

This economic approach of Barack Obama, weakens America far worse than anything he has done to the military.

Historical Irony of the Calm Obama

The economic disaster was followed by a massive, indiscriminate bailout. I'm willing to accept the notion that keeping a number of banks afloat may have been necessary to prevent a complete collapse, which is what Bernanke maintains. Once the financial sector believed that the freefall stopped, they began to re-orient, and the road back to recovery started. I hate the indiscriminacy of the bailout, but from what I'm reading, I might have to admit I was wrong: the bank rescue was probably the right move. Let's suppose that Bernanke is right, and propping up the banks was the key to recovery. Fine. That happened under Bush.

If they're going to blame the recession on Bush, then let them acknowledge that Bush put out the flames.

Obama blames the collapse on Bush, but he wants the credit for the recovery. But (if Bernanke's right) the recovery started by stopping the collapse. That's all the economy needed, and then the recovery power of the economy kicked in, all by itself

Obama's trillions had nothing to do with the actual recovery. (Note: I'm still not sure that we can call it recovery, but let's do it for the sake of argument.) He spent trillions to keep his own constituency afloat, hoping to buy time for the recovery to kick in. Then, he's going to spend a few more trillions to follow the liberal model for healthcare, then a few trillion more to create a new education model, and then a few trillion more ... you get the point. All of this is being sold as drastic action to rescue the economy ... but if Bernanke's right, the economy already has been rescued, by Bush! All of Obama's spending is "A.R." (after rescue). And therefore, when all of the spending will come back with a vengeance as inflation, we'll have a new disaster. This new disaster will be long-term, systemic, structural, and will be impossible to "fix" quickly.

History will show that the calm, cool, "presidential" Obama was the one who actually overreacted.

I could not agree more

This is what I have been thinking for some time.  But there is no way I could have said it the way that you have stated it here.  Thanks for your insight!

Boner needs to stand the hell up and say "F--K YOU DEMOCRAPS

Screw bipartisanship, screw moderates.  Republicans need to stand up and say 'WE ARE SICK OF THIS LACK OF RESPONSIBILTY ON THE PART OF THE DEMOCRAP PARTY!"

GET SOME BALLS ALREADY!

"Let him who would move the world, first move himself." -Socrates

"We sit together, the mountain and I, until only the mountain remains." -Li Po

I heard a great comeback

I heard a great comeback line on Fox News (I think) the other night. When one Democratic guest started with the tired line that "Obama inherited this problem..." - the conservative guest said, "Obama 'inherited' nothing - he asked for it." - or pithy words to that effect. It stopped the Democrat cold. 

The "Mainstream" Media: By liberals. For liberals.

I Went To Mr. Orszag's Blog

I was hoping to leave a comment for him but as I guessed, there's no way to contact him.  I'd probably have the IRS after me anyway. 

BLAME GAME

Jessie R. Hamby    I blame both the dems. & the reps. Get rid of both & start over.

Obama, "Its Above My Pay Grade"

When questioned by Pastor Rick Warren about abortion, The Teleprompter Messiah responded "Thats above my pay grade!"

Since ascending to the Kingdom on the White House, every problem in America has been inherited from the previous administration! When Iraq is deemed a success, will Mr. "I vote present" claim the success is inherited? Don't hold your breath!

This guy is an irrisponsible jerk! Everything is someone else's fault! The sad point is that he is the spoiled brat of the msm. They are the irresponsible parents who think their sweet, little Baracky never, never does anything wrong!

more of the same

I think this is just more of what we'll be seeing in the next 4 years. Nothing bad will EVER be his fault, no matter what. Althought I'm sure he will take credit for anything that's considered "good".

He's already shown himself to be a master of evasion. If he doesnt' like something, or it makes him look bad, he just ignores it till it goes away. With the media on his side, if something does surface it disappears pretty quickly.  It must be good to be the king.

Tam

Nice try obama,

But this boondoggle is yours and all yours, democrats have held the purse strings since Jan 2007 and all your lies and distortions cannot change that fact.

You have mortgaged ours and our children's future and YOU are to blame and in 2010 we WILL take control of the House and Senate, and in 2012 YOU will find yourself out on your ass as a one term ex-occupant of the White House and we begin the clean-up of the biggest and most costly screw-up in American History! 

Still blaming Bush.

So, Then Senator Obama voted for the very budget his administration is now blaming on Bush? Hay, Obama, you had the chance to say NO to this bloated budget when you were a Senator, but you said yes because you KNEW Bush wouldn't actually preside over this years budget, that someone else would be President, so stop trying to deflect blame onto Bush here. As it turned out, you voted YES for your own budget! So, who else should we blame, other than YOU?

The Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.
The US Constitution

Unless you're a fetus.
The US Supreme Court

Not as long as ...

Not as long as the "Statists" are around.What "We the People" will have to do is clean house in all three branches of the government all the way down to the roots.

FDR poisoned the judicial branch when he intemidated them in the 30s to give him the power to do what he wanted and hence that branch has been poisoned ever since.

We need to start over from scratch. Just like in the beginning in 1787, but making sure that term limits are in place for every federal position of government. Another thing would be to make every state a "Right-to-work" state. This would be just for starters.

 

Remember folks, Freedom isn't Free. It was bought with the blood and sacrifice of the men and women who are serving and who have served in the U.S. Armed Forces.

For those who fought for it, Freedom has a flavor that the protected will never know.

Also remember folks, that the way to SUPPORT THE TROOPS is to support their mission. Anyone who says that they support the troops but don't support their mission is lying about supporting the troops. And if you want to know, yes I do have a dog in the fight, he is a United States Marine.

 

 

 

Sound logic...

[sarcasm]Yes, Bush started digging, he nicked the ground. Surely, we can all see that the only way to get out of the hole that was dug is by digging clear deep to China... Maybe we're digging all the way there so we can ask them for more money. :D[/sarcasm]