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So once more, a short civics lesson.
Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party. Furthermore, the Democrats controlled the budget process for Fiscal Year 2008 & FY 2009 as well as FY 2010 & FY 2011. In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For FY 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.
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If Obama inherited anything, he inherited it from himself.
In a nutshell, what Obama is saying is “I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20.”
[... and that's the good news. The bad news is, the majority of Americans voted for him. Can Americans be that f@#$ing stupid? And, in the interest of full disclosure, I never voted for George W Bush. In the 2000 and 2004 elections, I went third party. I didn't waste my vote. The rest of you did. -- DLA]
1 comment:
Clinton Surplus was a myth:
http://www.craigsteiner.us/articles/16
Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion
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