Obama's 3.8 Trillion dollar budget proposal

[C-Gold]

2006 Budget
2.41 Trillion in Revenue
2.66 Trillion in Expenses
248.2 Billion Deficit

2007 Budget
2.57 Trillion in Revenue
2.73 Trillion in Expenses
161 Billion Deficit

2008 Budget
2.7 Trillion in Revenue (estimated)
2.9 Trillion in Expenses (estimated)
454.8 Billion Deficit (actual)

2009 Budget
2.105 Trillion in Revenue (actual)
3.518 Trillion in Expenses
1.413 Trillion Deficit

2010
2.165 Trillion in Revenue
3.721 Trillion in Expenses
1.267 Trillion Deficit enacted

2011
2.314 Trillion in Revenue
3.36 Trillion in Expenses
1.56 Trillion (requested)

2012
2.627 Trillion Requested in Revenue
3.729 Trillion Requested in Expenses

2013
3.8 Trillion in expenses ?????

That isn't a budget, that's and admission of failure. In 2008 everybody would agree George Bush spent too much money, that year we spent 2.9 Trillion dollars. You mean to tell me we can't get the budget back to the 2008 mark? Back then we thought that number was absurdly "high".

Anybody who thinks this is a revenue problem is a moron. There are two parts to the deficit - revenue and spending. Revenue is down 100 Billion from the Bush years but spending is up over 1,000 billion. To say that the deficit is so high because we don't have enough revenue is a bogus argument. The deficit is so high because spending revenues are down 4% but spending is up 31%.

Obama says the 4% drop in revenue is why we have the deficit
The Republicans say the 31% increase in spending is why we have the deficit.

It's as simple as that. George Bush spent way too much money but Obama takes over spending to a whole new level. This isn't a budget, it is an admission of failure. Our nations debt was already downgraded once and if this keeps up it's hard to imagine it won't again.

[Emily_Haines]

Who was the asshole that started 2 wars and implemented things like homeland security?

[C-Gold]

Who was the asshole that started 2 wars and implemented things like homeland security?

It's Bush's fault Obama is a failure?

[golfrulz]

It's Bush's fault Obama is a failure?

no....actually it's raygun's fault. all this b.s. started with this loser.....we will be paying for trickle ON economics for generations to come.

[King Mayan]

Somebody put this dumbfukk in the political forum!

[Waterstpub87]

no....actually it's raygun's fault. all this b.s. started with this loser.....we will be paying for trickle ON economics for generations to come.

So you admit Obama is a failure?

[Sam Odom]

Just how fukking dumb , blind & deaf are some of you... ?


Obama Feb 2009

[FourLengthsClear]

I read somewhere yesterday that at some point this week the US Federal Debt will have reached a level whereby just the interest being accrued will go over USD 1 million per minute.

[DOMINATER]

there is always one guy who impresses me big time remember economics 101. you can not create capital by illusions .I voted for him 2 times. He was brillant , but his whole life was smoke and mirrors. He was a great success. like the old French lady that told the German soldiers she had no food. She tricked all the soldiers they gave her celery beans meat and vegetables she only had a stone in the pot. well President Regan did that with the Soviet Union as well as Germany all of central America etc.You are correct in my opinion golfrulz,but he did some brilliant stuff. I don't think he even knew. But trickle down was described as a major blunder .

[MC PICKS]

Who was the asshole that started 2 wars and implemented things like homeland security?

Osama bin laden

[Carseller4]

Last time Obama offered a budget it was voted down 97-0.

Not even 1 Democrat even voted for it.

[dodger33]

we will be paying for trickle ON economics for generations to come.

Name one poor person that has ever created a job... and no the us govt doesn't count.

[itchypickle]

A) We haven't had an operating budget in over 2 years

B) Reagan has nothing, absolutely nothing to do with a budget proposal today.

Obama's last budget got shot down overwhelmingly from both sides....this one will be just as bad because it is the same thing....print more money...sell more debt to China....tax the people who produce and give money to those who do not....and let's just toss $$ into dead end green projects while taxing the companies who give us everything we actually USE daily in the way of electricity, phones, cars, heat, and the thousands of other products made from petroleum and not wind...so what if they make $$ in return....THEY PROVIDE US WITH OUR LUXURIES!

Why is there no call for capital requirements to banks....fix the housing issue....make public the same CDO exchanges that got us into the problems a few years ago....cut out waste in Medicare/Social Security (do not cut benefits paid out, cut the crap involved in the admin process) and so forth.

[EmpireMaker]

2006 Budget
2.41 Trillion in Revenue
2.66 Trillion in Expenses
248.2 Billion Deficit

2007 Budget
2.57 Trillion in Revenue
2.73 Trillion in Expenses
161 Billion Deficit

2008 Budget
2.7 Trillion in Revenue (estimated)
2.9 Trillion in Expenses (estimated)
454.8 Billion Deficit (actual)

2009 Budget
2.105 Trillion in Revenue (actual)
3.518 Trillion in Expenses
1.413 Trillion Deficit

2010
2.165 Trillion in Revenue
3.721 Trillion in Expenses
1.267 Trillion Deficit enacted

2011
2.314 Trillion in Revenue
3.36 Trillion in Expenses
1.56 Trillion (requested)

2012
2.627 Trillion Requested in Revenue
3.729 Trillion Requested in Expenses

2013
3.8 Trillion in expenses ?????

That isn't a budget, that's and admission of failure. In 2008 everybody would agree George Bush spent too much money, that year we spent 2.9 Trillion dollars. You mean to tell me we can't get the budget back to the 2008 mark? Back then we thought that number was absurdly "high".

Anybody who thinks this is a revenue problem is a moron. There are two parts to the deficit - revenue and spending. Revenue is down 100 Billion from the Bush years but spending is up over 1,000 billion. To say that the deficit is so high because we don't have enough revenue is a bogus argument. The deficit is so high because spending revenues are down 4% but spending is up 31%.

Obama says the 4% drop in revenue is why we have the deficit
The Republicans say the 31% increase in spending is why we have the deficit.

It's as simple as that. George Bush spent way too much money but Obama takes over spending to a whole new level. This isn't a budget, it is an admission of failure. Our nations debt was already downgraded once and if this keeps up it's hard to imagine it won't again.

These wars are breaking us and you are too stupid to figure this out, and yes Bush started them

[EmpireMaker]

and of course we need to quit giving out money to the oil companies and need the rich to pay taxes the same as everyone else

[Andy117]

Romney should put out a budget that is close to balanced and run on that. He won't because his budget would probably be just about the same thing.

[itchypickle]

and of course we need to quit giving out money to the oil companies and need the rich to pay taxes the same as everyone else

You do realize the 5% of the country pays 47% of the taxes while 50% of the people pay a net 0% in taxes once they get their returns minus social security contributions right? How much more support do we need from the rich? You could take 100% of AGI from the top 2% earners in 2010 and still not equal the amount spent by Obama in that year.....the argument holds no water Empire.....we need to simply spend less on wasteful things as well as crack down on the way the financial system is propped up.

[ttwarrior1]

i could care less about the debt, as far as much as what we owe to other countries, they dont want money, they want assets

[Emily_Haines]

Honestly I don't see why the GOP makes such a big deal over the debt. It's never going to be paid back as it is mathematically impossible. GOP is not going to cut military and security spending and the Libs are not going to cut the social programs.

[Sam Odom]

Honestly I don't see why the GOP makes such a big deal over the debt.

Who was making a BIG deal about it in post #7 ???

[Balco10]

Who was the asshole that started 2 wars and implemented things like homeland security?

Obama had 4 years to clean up the mess, but only added more!

[Balco10]

Honestly I don't see why the GOP makes such a big deal over the debt. It's never going to be paid back as it is mathematically impossible. GOP is not going to cut military and security spending and the Libs are not going to cut the social programs.

That is awesome! So China declares no more leaning! Oh ours liberal should cut military spending so were a weak military and have our enemies destroy us at once! Obama never liked the USA and always wanted to destroy our empire!

[Balco10]

Obama wants to end the 2nd amendment!

[MC PICKS]

This isnt even a budget, its a tool that he can use to go campaign on since all hes been doing is campaigning since he went into office, nothing in there to fix medicare which will run out in 2021 and social security which will run dry in 2037. If he wins a second term then were really gonna see what kind of a dictator he really is since he wont have to worry about reelection. He already stole 25 billion from banks to give to deadbeats who cant pay thier mortgages which is basically buying votes. I cant believe people dont see thru his tactics, i guess the sheep just walk around with their blinders on and keep waiting for more handouts.

[rkelly110]

Name one poor person that has ever created a job... and no the us govt doesn't count.

Steve Jobs, Bill gates and every other garage entrepreneur.
Thomas Edison and A. G. Bell off the top of my head.

[itchypickle]

Steve Jobs, Bill gates and every other garage entrepreneur.
Thomas Edison and A. G. Bell off the top of my head.

You're missing a key aspect Kelly....read up on Jobs and Gates etc....what is the common denominator to their successes? They all had to seek $$ backing to launch the brands and get them marketed...same goes for Facebook and any other product. And if you don't allow people to keep what they earn...simply stifling innovation for the future.

There are a ton of great ideas every year...but without seeking a financial infusion from an investor....they go nowhere!

[rkelly110]

How many new opportunities are created today, because of the economy, that started in
the garage, kitchen or where ever with out financial backing except what they had in their savings?
They might not be billion dollar industries but, they are making themselves self reliant.

Keeping what you earn nowadays, is a little harder than what it used to be, with everything
going through the roof.

[Thunder Gulch]

This isnt even a budget, its a tool that he can use to go campaign on since all hes been doing is campaigning since he went into office, nothing in there to fix medicare which will run out in 2021 and social security which will run dry in 2037. If he wins a second term then were really gonna see what kind of a dictator he really is since he wont have to worry about reelection. He already stole 25 billion from banks to give to deadbeats who cant pay thier mortgages which is basically buying votes. I cant believe people dont see thru his tactics, i guess the sheep just walk around with their blinders on and keep waiting for more handouts.

Dead on. He isn't running a government, he's running a campaign that he never stopped. 1) Tell a majority of the people that you will give them more of what somebody else made, 2) Convince them this is best for them and will strengthen the country = Get elected. The guy is a good salesman and speaker.

[itchypickle]

How many new opportunities are created today, because of the economy, that started in
the garage, kitchen or where ever with out financial backing except what they had in their savings?
They might not be billion dollar industries but, they are making themselves self reliant.

Keeping what you earn nowadays, is a little harder than what it used to be, with everything
going through the roof.

I agree on market pricing being too high etc...not a huge fan of the rush to export all jobs (ever wonder my most of China's ports are export only capable??) while not addressing the huge trade relationship issue. 1/3 of those who were hit in 2009 and found new jobs...had to take a 20% pay cut in the new job etc. That is all an argument for another day....my point was just that there needs to be a symbiotic relationship between creators and investors/distributors in order to put the product to use and benefit us all....so why some people get upset that people are able to make a profit for this is beyond me.

[rkelly110]

As with any recession, everything goes up, while your pay goes down.

To stay with the premise of the thread, it doesn't matter if congress or the prez makes
a budget, it will get blown out of the water with the new election cycle or a war.

Fcking elected officials need to start looking in the mirror 1st. Start at the top and work down.
Start with their pay cuts and work down. Get people back to work, taxes and deficits will
take care of themselves.