Obama pretending Re: Deficit…again. Imagine that.

Originally this post began based on an article I read in the Wall Street Journal, “Where the Tax Money Is“.  But in doing my research the scads of information on this one topic were to say in the least; vulgar

Ok.  People we have certainly been paraded around the world by Obama with virtual rings in our noses.  All the while he is skipping along ahead as if we relish and enjoy his constant string of lies and deceit.  There is just no way to even begin to list them all here, so I will discuss but one; the deficit. 

What is so doggone funny unbelievable is that the usurper expects you and I to believe the hogwash he continually spews.  Unfortunately there are still quite a bit of infamous kool-aide drinkers around and good grief are they thirsty!  However, conservative bloggers such as the ones I will list under “Additional Reading”  and myself (albeit small) are doing everything we can to save what is left of America before it’s too late.  So read and head. 

American Solutions, Steve Everley: Meanwhile, thanks to the President’s numerous bans and restrictions on domestic drilling, American oil production this year will drop by a shocking 220,000 barrels per day. Tens of thousands of Americans are out of work due to Obama’s moratorium on drilling in the Gulf last summer. And earlier this week the communist government in Cuba actually announced it will expand drilling in the Gulf of Mexico this summer.
Yet our President’s plan is to talk about green jobs at a windmill factory while loaning money to Brazil so they can drill offshore?

The problem is that even by following Obama’s “plan” of taking from only the “rich” – funds less than one fourth of Obama’s insane “nanny state” programs.  Bottom line, the middle class will continue to be raped by Democrats and Obama until we can stop the madness. 

In other words, the beatings will continue until morale improves.

The USA Debt Rating is AAA but the S&P Outlook is “Negative”, based on the USA debt trends from 61.1% of GDP in 2006, has increased to 91.6% of GDP in 2010 and projected to be even higher to 111.9% of GDP in 2016.

In contrast, China is AA- but “Stable” and their Debt to GDP ratios are 16.2% in 2006, 17.7% in 2010 and projected to be 9.7% in 2016.

See WSJ 4/19/2011 Article for S&P ratings of countries across the world.

I will share some of that information here as well as one of my favorite videos, from Political Math.  Who could not love this guy?  See Liberty’s post from 2009 (which appears prophetic of Obama) including Political Math.

You gotta love the fact that the

S&P “ignored” pressure from the White House in recent weeks.

and published their findings (based on facts). American’s know the real deal or rather the non-sheeples know. Because let’s face it, if you drink the kool-aide you are a gonner anyway. hey, don’tcha think the WH is in full damage control mode?

The Christian Science Monitor says,

much of the fiscal debate in the U.S. is based on misinformation, urban myth, and outright lies, it is nothing but helpful for people to know exactly how their tax dollars are spent. For instance, it is useful to see that the deficit can’t be eliminated by ending foreign aid, which represents less than 2 percent of all federal spending

Additional Reading
Voting Female
-the Conservative Attack KittySarah Palin on the Attack for US – While Classless Obama’s Trolls Attack her baby in reprisal
Voting Americans=God Bless the United States of America  Obama’s March Towards “COMMUNISM“
Mountain Republic-Real Freedom lies in Wilderness, Not civilization Nanny State Gone Wild
Arlene ArmyConservative Black Female Republican Blog Correlation Between “NON-Right-to-Work” Law & 2-Party-Consent Law
CMBlake6-Things will arise and he will comment Alex Jones and Larry Pratt
Bob Mack-Be sure you’re right, then go ahead Razing Arizona 
PUMABydesign001’s-Sagittarian, Puma, African American female, Christian Here we go again – More restrictions on our freedoms by the Do-gooders (via Diary of a Mad Conservative)
Good Time Politics – Blog Federal Judge Assassinated In Arizona After Threat To Obama Agenda
M2’s Free ViewsConservative Opinion Blog The Democrat-Socialist “Solution” to Healthcare Can be Summarized with 2 Words

National Debt for Your Children’s, childrens’, childrens’, childrens’ courtesy Obama & Company

 

 This post is from Political Math who demonstrates Political and Economic Information through Visualization and Other Math-y Things

 In this video, I wanted to take a close look at the historical nature of the US debt. Unfortunately, I couldn’t say all I wanted to say or it would have been three times as long and I would have bored myself to death trying to make it.

 
 

First of all, I would like to state that I am not trying to defend President Bush’s spending. I personally think Bush was spending far too much. My preference would be to reduce the debt… or at least stay put and let inflation take it’s toll on the debt. My point in this video is that it is the most absurd hypocrisy for someone to complain about how much Bush spent and then yawn when Obama is spending so much more.

A close look at the numbers reveals that this isn’t even a “We’re in a recession, we have to spend that money” issue. Obama’s high deficit plans continue long after the recession is projected to end.

Next, I want to give some pointers to the data I used and then I want to clear up some of the muddier issues in the video.

This video uses the US Treasury’s data on the national debt for the debt numbers and adjusts each year for inflation using the inflation numbers on this site.

In order to understand where the debt would be in 2016, I used the the President’s estimate in his latest budget proposal. These numbers are generally accepted to be optimistic (the Congressional Budget Office has them pegged at much higher), but I didn’t want to put the president at an unfair advantage.

Actually (and I would do this over again if I could) I calculated the future debt with regards to inflation (I assumed about 1.0% inflation per year) so that President Obama is going slower than if I just used his own numbers. I tried to bend the numbers to Obama’s advantage,  not because I agree with him, but so that there is no room for the accusation of number fudging.

In retrospect, I think it would have been more fair to assume that the President’s team had already assumed the inflation calculation and that their 2016 debt data was calculated in 2016 money and not 2008 money.

So that’s all about the calculations… now I’d like to make a note about some other decisions I made. I thought it was important to keep in mind which party held Congress. The reason is because it is actually more accurate to say

“Under President So-and-so, the debt increased by X amount”

due to the fact that the president only proposes the budget and must work with Congress in order to get a budget passed.

In 1994, we voted in a Congress that was remarkably fiscally conservative… so much so that they fought a protracted battle with President Clinton in 1995  trying desperately to get him to agree to a lower budget. The press ripped the Republican Congress (particularly Newt Gingrich) to shreds over it and they (the Republicans) ended up conceeding the matter.

On the other side of things, Reagan tried to pass smaller budgets, but the House of Representitives was heavily Democratic and added to his proposed budget until he refused to sign, leading to another government shutdown.

Long story short, the budget is a combined effort of what the president proposes and what the Congress decides, so I thought it was only fair to mention both sides of the equation once the debt really started increasing drastically. This, of course, is only more damning to Bush and Obama, since both of them have (or had) a situation in which their party is in complete control of the government.