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direstraits posted:
jtdavis posted:
jtdavis posted:

How in Hell does one cut the deficit in half, while doubling the national debt?

For you Dire, what was Bushes last debt and what was Obamas last debt. Per your chart, 2009 was Bushes last budget, 2016 would be Obama's next to last budget.

Bush's last budget was 2008 (1 Oct 2007 to 30 Sep 2008).  The 2009 budget (fiscal year (1 Oct 2008 to 30 Sep 2009) was  authorized thru a number of recurring resolutions until about 20 January 2009, when the Democrat controlled congress passed it and Obama signed it.  Obama's last budget was 2016. 

Still awaiting your answer. 

If he signed it Jan. 20,2009, he sure as hell didn't write it. That's the day he took office, wasn't it?

Quite nitpicking and answer my question. When was any annual deficit reduced to half of that of a Bush deficit? 

Both sides do it,,,,, your welcome JT.

If he signed it Jan. 20,2009, he sure as hell didn't write it. That's the day he took office, wasn't it?------jtdavis

Congress always creates budgets, presidents sign or veto them. Whether the budget was cobbled together in the 110th Congress (ended  January 3, 2009) or the 111th Congress, Democrats had the majority in both houses. In fact, Dems in the senate had a super majority in the 111th (started January fourth)so Republican votes were unnecessary.

Last edited by Stanky
jtdavis posted:

Who wrote it?

Congress wrote and passed it and both houses were predominately Democrat. Obama then signed the budget that was waiting for him. Bush could have vetoed it before Obama which would have triggered a redo in congress, but that would have been acting like a spoiled child democrat.

Last edited by Stanky
jtdavis posted:

OK, OK, Obama done presidential stuff in 2008

Well, Obama got to spend half of the TARP funds as he saw fit before he took the oath of office as was promised by Bush:

Obama gets first major win with TARP

Not yet in the White House but working the phones as if he were, Barack Obama won a crucial Senate vote Thursday clearing the release of $350 billion more in bailout funds from the Treasury Department’s controversial financial rescue program.

For the incoming president, the 52-42 roll call represented a first major test of strength, and Obama threw himself into the fight, reaching out to senators on both sides of the aisle and making calls until he had won all but one of the seven Democratic freshmen elected in November.

Thursday’s victory came even as House Democrats unveiled their $825 billion two-year economic recovery plan — the next big plank for the new president and one he will speak to in industrial Ohio Friday.

http://www.politico.com/story/...win-with-tarp-017504

 

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