Just Nuts… Obama Now Blames His Trillion Dollar Deficits on Bush Tax Cuts

This doesn’t even make sense.
But don’t wait for the Democrat-media complex to point it out… They won’t.

Barack Obama is the first US president in history to run four straight years of trillion dollar deficits.
No one has come close to that record.

(J. Hoft Chart)

Today Barack Obama blamed his four years of trillion dollar deficits on the Bush tax cuts.
From the president’s Weekly Address:

You see, Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top. They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes.

They’re wrong. And I know they’re wrong because we already tried it that way for most of the last decade. It didn’t work. We’re still paying for trillions of dollars in tax cuts that benefitted the wealthiest Americans more than anyone else; tax cuts that didn’t lead to the middle class jobs or higher wages we were promised and that helped take us from record surpluses to record deficits.

And, of course, he’ll get away with these completely inaccurate statements.

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  • MNASHC

    You are a fraud and you never did a thing. You are a communist and rely on the ignorant pathetic American public. You are the face of an international agenda to destroy the United States. Keep watching American Idol you stupid Americans. Are you gonna re-elect a racist communist again? You idiot fools.

  • Faye

    O knows his base and they will eat all of his words up like it is the greatest wisdom spoken in the history of man.
    I was at a family wedding last week and one of my nephews who is a lawyer and will be attending medical school this fall to also get his MD still believes every single lie that comes from O’s lips. It astounded me the passion this person, who is 28, has for the POTUS. I would have thought that by now he would have grown a brain but no he is only book smart with absolutely zero common sense. Poor fella.

  • Larkin

    Right, barry. Instead of “trickle down”, we should try “trickle up” for a while. Let all those welfare recipients and food stamp folks invest their government funds to create jobs.

    I’m sure that will work just fine.

  • David

    People don’t know how government works if they think the 2009 budget was Obama’s.

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  • Josep

    I vote Obama for President

    Of Korea!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • MNASHC

    And the budget since 2009………?

  • mg4us

    Obama is the biggest Loser and showcase example of Affirmative Action on Steroids Gone Astray!!!!

    Obama cannot man up and accept responsibility.

    “You didn’t build that!” radical socialism drives his thoughts and actions, even blaming others for his failure!

    Obama & his use of “I”
    Incompetent
    Inexperienced
    Inept
    Ill-prepared to be president.

    OBAMA – – One Big Ass Mistake America!

    NObama in NOvember . . .Operation Clean Flush
    Time to rid our capital of the Turds running it now!

  • chris

    wow david really? obama is spending money like hes in the movie brewsters millions, all the way into the next few decades that our kids will have to pick up the tab on!! HE IS BUILDING HIS PRESIDENCY ON THE BACKS OF OUR CHILDREN!!! its not about political lines ppl, its abt common sense and decency, both of which are teetering on extinction!

  • pink tie Republican

    Does Congress have anything to say about spending money? Yes Choomboy is a radical socialist out to spend us into oblivion, but he cannot do it alone.

  • Spider

    49% of America is as ignorant of economics and government budgets as King O.

    So the other 51% better all vote.

  • kato

    If Subprime really believes what he’s saying, then he belongs in the same mental hospital as Jesse Jackson, Jr.

    He certainly has proven that the parasite classes will accept anything he says, just as long as the Obama Money keeps a-coming.

  • Robert

    Perhaps Choom the Liar-In-Chief, could explain the various departments that got radically increased budgets starting when the Democrats obtained (by hook and by crook – remember Franken?) control of Congress.

    From 2007, when Republicans had control,
    to 2011, when the Dems still don’t even produce a budget:

    We have been subjected to the federal government
    fattening itself off of our labors to the tune of over 30%
    while our income,wages, and net worth have fallen.

    Dept of Agriculture – – 65% (78% for FY 2012)
    Dept of Commerce – – 53% (75% for FY 2012)
    Dept of Defense–Military Programs – – 28%
    Dept of Education – – -1%
    Dept of Energy – – 56% (They’ve spent more but let us do less…)
    Dept of Health and Human Services – – 33%
    Dept of Homeland Security – – 17% (54% for FY 2012)
    Dept of Housing and Urban Development – – 25% (They need and deserve it…) /s
    Dept of the Interior – – 29$
    Dept of Justice – – 31% (along with a change in mission to Dept of Partisan Injustice)
    Dept of Labor – – 178% (?) (The figure is real, but for what?)
    Dept of State – – 77% (Reset – to Smart Diplomacy!) (118% for FY 2012)
    Dept of Transportation – – 25%
    Dept of the Treasury – – 9% ( Hmm, so it costs more to take more…)
    Dept of Veterans Affairs – – 74%

    All done with additional borrowing. All should be UNdone.

    The federal government is out of control and the politicians are insane.

  • Robert

    #4 David

    “People don’t know how government works if they think the 2009 budget was Obama’s.”

    Congress went Democrat in 2006. The FY 2008 budget is theirs.

    One of Bush’s great mistakes was allowing those increases.

  • Swifty

    The Bush tax cuts expired a while back. I’m sure Bush hasn’t renewed them.

  • Robert

    Re: #13

    Clarification: The figures are percentage increases from FY 2007 to FY 2011. (Dept of Education is 1% decrease)

  • Flintstone F.

    He’s a “one hit wonder” people. He’s got nothing else so he’s going to play his first song over again.

    Record player: A device for playing vinyl discs with a needle. Previously they were clay. Play it again.

    Obama and The Mandrills (led by the facelift, feckless Nancy Pelosi, known for her hit: My Gavel, It’s Mine, Mine, Mine)

    Side A It’s Bush’s Fault.

    Side B Tax Cuts Are Afforded

    If he were honest and if Americans truly are too stupid to know better, he’d have raised taxes over and over regardless of political fallout. It’s the responsible thing, to make sure the government can “afford” to manage us.

    In stores soon: True Colors, by Obama and The Mandrills.

  • Blacque Jacques Shellacque

    And I know they’re wrong because we already tried it that way for most of the last decade. It didn’t work.

    The highest deficit under Bush was a little under $500 billion. Not quite half a trillion bucks. The trillion dollar-plus deficits began after Obie took office. Whose approach looks more “wrong”?

    This son of a bitch spent three-quarters of a trillion taxpayer dollars and the current unemployment level has been pretty much stuck where it’s at since. Whose approach looks like it “didn’t work”?

  • Limousine Barry

    Let me be clear, you are still paying for my tax increases! They are hidden in clever accounting tricks and increases in debt and gas prices. I expect real inflation to eat you alive!

    Sure, I have handed out billions of dollars to my green cronies and we have record government deficits… which the Taxpayer must pay!

    Al gore is happy! And, so are the 25 green crony corporations who got your tax money and went into bankruptcy! Ha-ha!

    David Axelrod’s Corporation, SEUI, and a multitude of other donkeys are fat dumb and happy. Why upset the 0bama money scam apple cart?

    Give me your money and I can divert it to my cronies who will then kick-back the money to me! That way, we can insure that I am reelected no matter how much money is spent!

    If you like the way I have diverted your money into my campaign – vote for me. Please send $34,999.99 to my campaign before midnight.

    My pig of a bus is smoking oil and David Axelrod has a new scam to inflict upon my California donors. It’s the “Sand Castle” scam. Who cares about my crappy California donors? They always vote for me. David Axelrod say to scam for all they have. My campaign is running out of money. Donate money before I go bankrupt. I cannot answer any more questions. Good day.

  • bigL

    I read thast it would take a human, counting numbers as in 1…2…3… thirty-two thousand years to count to a trillion. That is how much money it is. and Obama and the group has spent 4 maybe five of those.
    Not sustainable. Off the cliff and the congressers that have done this will be living abroad. Caribbean seems to be the bolt-hole du jour.

  • Wonder how he can explain that the deficits were dropping after the tax cuts to 262 billion before the chickens of the Democrat’s Community Reinvestment Act came home to roost in 2008.

  • Granny

    #4 July 28, 2012 at 9:47 am
    David commented:

    People don’t know how government works if they think the 2009 budget was Obama’s.
    ______

    David doesn’t know how government works or bother to check his facts.

    Obama was inaugurated in January 21, 2009

    The LAST budget that Congress passed was approved on April 2, 2009

    That makes it OBAMA’S budget – Bush was long gone!

    http://www.washingtonpost.com/wp-dyn/content/article/2009/04/02/AR2009040203473.html

  • I’m not a Racist; I don’t like Biden or Pelosi either

    “if our country spends trillions more on tax cuts for the wealthy”

    1. First off, ANNUAL tax cuts to the wealthy do not amount to trillions
    2. Since when are tax cuts “spending”?

    Lies, lies and more lies. And no one in the media willing or smart enough to call Obeyme on any of them.

  • Alana

    “They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes.”

    I hate that notion- that any money we don’t pay in taxes is money “spent” by the government.

    “our country spends trillions more . . .”

    It means it’s all their money in the first place. Whatever they let us keep is then “spending” by them.

    Or,, as he puts it, supposedly by “us.” Which means that not only is everybody’s money actually government money, and whatever they decide to let us keep is actually “spending” by them – it also means that it belongs as well to everybody else as well, not to ourselves.

    I hate that with every fiber of my being. This perversion of the entire notion of spending absolutely infuriates me.

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  • Economan

    An incompetent man who knows nothing of sound economic principles and models is in charge of the country’s fiscal policies. And people wonder why we’re in a mess. The left in particular are just scrambling to blame everyone else for their incompetence and poor choices but facts are facts. Socialist policies don’t work and the left has their heads buried deep up their ass to figure it out, because if they did figure it out that would mean they’d have to honestly admit they’re wrong and those bastards never apologize or admit their mistakes.

  • Patty

    WTH! is wrong with America. OBAMA, OBAMA, OBAMA!!!

  • squeaky

    “……if they think the 2009 budget was Obama’s.” unless he voted present or ducked out to use the little dictators room missing the vote, he quite possibly voted yea on that budget hence making it “his”. he signed off on what Bush sent back to [the most ethical] congress [since the beginning of time]. he thought he could muster some cover by pretending to sign the budget [under duress] by blaming Bush but he was just approving as resident what he approved as senator.

  • when you income comes from the politicans that is “trickle down” economics.

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  • Fuquay Steve

    Well slap my fanny and color me surprised.

  • mg4us

    And it will only get worse as economy contracts with the printing of additional funny money (QE3) which Obama and Schumer and Reid are pushing for. . .

    It takes an irresponsible leader to spend what they don’t have.

    And it takes a lying conniving thief to keep printing money (Quantitative Easing) which devalues the dollar and drives up commodities and gas prices.

    Think $3.80 high now. . . with QE3 it will be upwards of $5/gal

  • bobbymike

    I don’t know the exact figures but if we went back to the pre-Bush tax rates it would equate to $400m billion a year of new govt. revenues (of course this does not take into account that growth would slow and so this amount would shrink)

    Of this it is said that $85billion/annum is from the so called wealthy, therefore, the vast majority of tax cuts went to the bottom 99% of taxpayers.

    Easy to figure out but as others say the media will never do the calculation to tell the story.

  • Blacque Jacques Shellacque

    And it takes a lying conniving thief to keep printing money…

    Paging Bonehead Ben Bernanke, to the white courtesy phone, please…

  • FurryGuy

    #10 July 28, 2012 at 10:11 am
    pink tie Republican commented:

    Does Congress have anything to say about spending money? Yes Choomboy is a radical socialist out to spend us into oblivion, but he cannot do it alone.

    Actually Congress has NOT had anything to say about spending money. Harry Reid has deliberately, with malice aforethought, blocked every attempt to debate and pass a budget since the last budget the Senate passed on 2 April 2009. The House Republicans have tried to do their Constitutional duty, but Harry Reid and the Senate Dems have shirked their responsibility to uphold the Constitution, a little something they swore to do according to their oath of office.

    So Barry CAN do it alone, and has done it, by Executive Fiat and Executive Orders.

  • David

    Granny commented:

    #4 July 28, 2012 at 9:47 am
    David commented:

    People don’t know how government works if they think the 2009 budget was Obama’s.
    ______

    David doesn’t know how government works or bother to check his facts.

    Obama was inaugurated in January 21, 2009

    The LAST budget that Congress passed was approved on April 2, 2009

    That makes it OBAMA’S budget – Bush was long gone!

    http://www.washingtonpost.com/wp-dyn/content/article/2009/04/02/AR2009040203473.html

    ——

    Granny doesn’t know how the government works nor can read apparently. That budget passed in April of 2009 was for fiscal year 2010. The budget for fiscal year 2009 was submitted for congressional approval by G.W. Bush.

    Allow that fact to sink in for a second.

    That means that Obama reduced the deficit (set by Bush) every year he was in office.

  • A_Nonny_Mouse

    “… They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs …”
    = = = = =

    Incredible.

    Our Doofus-in-Chief thinks “tax cuts” equals “spending”. ( ???)

    Hey, President Moron: *SPENDING* equals spending; and YOU ARE DOING TOO DAMN MUCH OF IT.

    “Government money”, you economic ignoramus, comes from PEOPLE. Citizens. Taxpayers. Businesses. The more money you tax away from them, the less money they have available for doing stuff like, say, hiring more employees. Or doing the R&D to invent the better mousetrap.

    Ya freaken Commie, when you look down at the rest of us “ordinary Americans” while you’re giving these desperate “elect-me-again” speeches, all you really see is a bunch of wallets, purses, and pockets-full-of-cash you can siphon away from us, in order to play “reward your friends and pay back your supporters” for another 4 years. After all, it’s FUN to piss away “other people’s money” … right?

    I believe the British term is “Sod off”.

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  • Doug Edelman

    I HAVE to state it again: Bush’s WORST deficit in his first 6 years (with a GOP Congress) was in 2003. It was around 450 BILLION with a B. Yeah, less than a third of Obama’s deficits. Then the 2003 tax cuts kicked in and did what tax cuts always do… they increased revenues. The deficit WENT DOWN for EACH of the following 3 years until, when we handed the reins of Congress over to Pelosi/Reid in 2006, the deficit had been reduced to under 125 Billion. Yeah… less than 1/10 of our current deficit.

    Pelosi Reid Tripled the deficit in their first year, and tripled THAT in their 2nd. And we’ve run Trillion Dollar deficits since. Obama is the ONLY PRESIDENT EVER to hit or exceed a Trillion dollar deficit. We’ve had Trillion+ deficits EVERY YEAR of Obama, and they’re projected out as far as the eye can see. And he blames Bush!

    NEVER FORGET: Obama IS accomplishing HIS goals. His plan IS working. Unfortunately, his goal and plan is NOT for the USA to RECOVER it’s former success or glory. His purpose is the COLLAPSE of the system a la Cloward-Piven to pave the way for FUNDAMENTAL TRANSFORMATION into a 3rd world globalist socialist utopia. And yes. His plan is working.

    http://www.examiner.com/article/basic-economic-reality-101

  • Mike

    I love the comment that he wasn’t responsible for the 2009 budget. The stimulus (what he pushed for and signed as president) contributed. TARP (which he supported as the canidate and nominee) was the biggest driver of the deficit that yr. bush worked with Obama on that one. He lacks character and leadership and whines like a little spoiled kid

  • Questionman

    I know. Black people make you people sick right…Yes they do!

    I support Israel,

    That’s funny. I, a liberal, support the United States and ONLY the United States. Who’s the real patriot again?

    The infatuation and lockstep loyalty to Israel that comes from the right is disturbing. In fact, your loyalty to the United States is suspect. In conservative circles, criticism of the United States is begrudgingly tolerated, but absolutely no criticism of Israel can exist.

    Get a clue cons: You live in America, not Israel. You can’t serve two masters.

    You people are a disgrace – America knows it, and now the world knows it. Obama doesn’t hate jews, yo hate muslims and project your hatred of muslims onto Obama, which is pathetic!

    Anyone who believes Obama is a “communist” obviously knows nothing about communism or any other form of government.

    Pathetic.

    He is not anywhere near a marxist. Its just another insulting description that rigt wing nut jobs pin on him because they dont really understand what Marxism was…

    But since the right wing is hyping their completely false “Obama hates America” meme like angry weasels, this is a welcome answer to these deranged claims — full of facts and details about Obama’s record, and testimonials from Israeli figures.

    this son of an African father and white mother is a racist?? No. YOU scumbags are the real racists! The proof is in the pudding!

    It’s just a trick, making people believe he is a Muslim. He does not share most beliefs with Muslims. He’s a leftist. So, in some cases he is sympathetic to Muslims, but he is nowhere as conservative as he would be if he was Muslim. Do you think he would have some out supporting same-sex marriage if he was a Muslim? Don’t fall for the trick.