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Posts Tagged ‘"blame bush"’

LOVE THAT DEBT – DETAILING THE CLINTON SURPLUS MYTH

Posted by Andrew Roman on June 9, 2010

The number is: 19,600,000,000,000.

No, it isn’t the number of times President Barack Obama uses the word “I” or “me” during the course of the work day. It isn’t the amount of times Democrats blame George W. Bush for all that is wrong in any given week. It isn’t the amount of money being spent each month on dye for Paul McCartney’s hair.

It is what the national debt of the United States will be five years from now under Obamacratic rule.

From Reuters:

The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.

“The president’s economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt’s massive drag on our economy,” said Republican Representative Dave Camp, who publicized the report.

He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.

The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.

The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.

By 2015 the net public debt will rise to an estimated $14 trillion, with a ratio to GDP of 73 percent, the Treasury report said.

An exasperated blogger at Reuters, who goes by the name of johnchick, posted the following rhetorical question: “How can any Administration raise the debt by 20-30% in a couple years?”

To which another blogger responded with the following:

You should ask George Bush, Cause he was the first to do it. And he is largely the origin of the current fiscal mess that the U.S. is in. Bushie inherited a surplus from the Clinton Administration and quickly turned that into the largest yearly deficits that the U.S. has ever seen. And his Conservative ideology ruined the American Economy in the process.

The U.S. is now going the way of the DoDo.

And the world will be a better place for it.

To begin with, it’s an absolute riot to hear lefties complain about out-of-control federal spending. Most of them, given the chance, would spend more taxpayer dollars on big-government bailouts and stimulus packages. To a lefty, the failure of a liberal policy or initiative is tied directly to its funding.

George W. Bush, who might as well have been a drunken Democrat with the country’s checkbook, made no friends on the conservative side of the aisle when it came to government spending. By the time he left office in January of last year, he was able to put on his resume that he had presided over what was the biggest growth of federal spending in the nation’s history. Like all misguided Republicans, he failed because he embraced liberalism.

Right now, Barack Obama is on pace to make George Bush look like a veritable pinchfist. Obama is apparently determined to make America collapse under its own weight, just as is happening across Socialist Europe right now. At the current rate, America’s publicly held debt will hit an unbelievable 90% of the Gross Domestic Product in a decade. That would be the highest percentage since the Second World War.

The difference, however – and it is a significant one – is that the post-war economic boom contributed mightily to the dramatic fall of that debt-to-GDP ratio.

Today, it’s all about entitlements (i.e., what the government can do for you). Federal spending, as a percentage of the GDP, was nearly 25% last year – the highest in this nation’s history. (It’s projected to shoot up to near 26% this year). And even though President Bush did spend recklessly in terms of total dollars, during his first seven years in office, federal spending as a percentage of GDP was very consistent with all post-war administrations: ranging from 18.11% to 19.38%. (His final year, arguably his most fiscally liberal, it jumped to 20.65%)

It simply isn’t possible to tax ourselves out of the economic disaster that looms with Obama at the helm.

On paper, tax rates would have to be raised to economy-crushing, unheard of levels.

But in reality, no economy could survive such a thing.

It would be the end of America.

And that’s where we’re headed.

So, while no conservative will ever condone the ridiculous Democrat-like spending that went on during the Bush administration, the fact that revenues to the government did go up following the 2003 Bush tax cuts only reinforces the fact that conservative principals – when applied correctly – actually do work. Unfortunately for Bush, spending like a lib in conjunction with those tax cuts was akin to having two fully loaded double whoppers and cheese fires with a diet soda.

Libs cannot have it both ways.

If out-of-control government spending is deleterious to a healthy economy, then it doesn’t matter who is occupying the Oval Office when it happens. The argument that the economy can reach a point where the only way to cure the ills of out-of-control spending is with more out-of-control spending is Leftocrat doltism at its finest.

And let’s be perfectly clear, there was never a true surplus under President Bill Clinton.

Indeed, it flies in the face of conventional wisdom, but the numbers do not, in any way, back up such a claim.

For example, the surplus announced in 2000 – $230 billion – was really a nifty bookkeeping stunt. It was not a genuine surplus, because only the “public debt” was accounted for.

Remember, there are two components to the national debt: public debt – which includes such things as savings bonds and treasury bills – and intergovernmental holdings, which includes income tax revenues and governmental borrowing from itself.

During the last years of the Clinton administration, the public debt did go down, but intergovernmental debt increased by a greater amount.

Not once during Clinton’s time in office did the national debt decrease.

It is not possible, by definition, to have a surplus if the national debt keeps increasing.

First of all, the official Clinton “surplus” numbers, which can be seen here, via the Congressional Budget Office, are as follows:

Fiscal Year 1998 – $69.3 Billion surplus.

Fiscal Year 1999 – $125.6 Billion surplus.

Fiscal Year 2000 – $236.3 Billion surplus.

Please note that these very numbers were also reported by CNN.

Now, if you go to the Bureau of the Public Debt website, which is part of the United States Department of Treasury, you’ll find a link that reads “See the U.S. Public Debt To The Penny.” (You may need to scroll down a bit)

Once you click on that, you’ll be brought to page that gives you the current total national debt (divided into two subgroups: “Debt held by the Public” and “Intrgovernmental Holdings”) along with a search application that enables you to type in the dates of your choosing to see what the total national debt was on that given date.

The important thing to check are the FISCAL YEAR parameters. (The fiscal year always begins on October 1st and runs through the end of the following September).

For instance, if you type in “October 1, 1999″ in the first box and “September 30, 2000″ in the next box, you will be asking to see the total national debt figures for Fiscal Year 2000. You’ll note, after typing in those parameters, that if you scroll all the way to the bottom, the total debt held by the public at the end of Fiscal Year 2000 was “$3,405,303,490,221.20.” You’ll also notice that Intragovernmental Holdings total was “$2,268,874,719,665.66.”

These are official Department of Treasury numbers.

Adding those two numbers together gives you a grand total of “$5,674,178,209,886.86.”

That is what the total national debt was at the end of FISCAL YEAR 2000. The National Debt is thus calculated by adding the Public Debt and Intragovernmental Holdings together.

Compare the total public debt of FY2000 to that of FY1999.

President Clinton did technically pay down the PUBLIC NATIONAL DEBT from FY1999 to FY2000.

FY1999 PUBLIC DEBT: $3,636,104,594,501.81

FY2000 PUBLIC DEBT: $3,405,303,490,221.20

It was paid down by a total of $230,801,104,280.61 – amazingly close to the announced $236 Billion surplus for that year. But it was done so by borrowing from the Social Security Trust Fund (primarily) which ran a surplus that year. The Social Security Administration is required by law to buy government securities with its surpluses (convenient, isn’t it?). That money was thus used by the government to do its business without having to get it from the public. Hence, the public debt was “paid down.”

I fully concede the point that President Clinton paid down the PUBLIC debt, but not the national debt.

Unfortunately, that $230 Billion “pay down” does not take into account Intragovernmental Holdings, which is as much part of calculating surpluses and debts as the Public Debt is.

Intragovernmental Debt ROSE in FY2000.

FY1999: $2,020,166,307,131.62

FY2000: $2,268,874,719,665.66

That’s an increase of $248,708,412,534.04

The difference between how much of the public debt was paid down compared to the growth of the Intragovernmental debt was: – $17,907,308,253.43

That means FY2000 resulted in a true deficit of almost $18 Billion under Bill Clinton.

Granted, it is miniscule compared to the yearly deficits of the Bush years and what is waiting for us with the Obama regime, but it was not a surplus.

Those pesky facts.
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Posted in Bailout, Big Government, Economy, George W. Buah, National Debt, Obama Bonehead | Tagged: , , , , | 4 Comments »

SENATOR CHRIS DODD – MORON

Posted by Andrew Roman on May 26, 2010

You’ve got to love Connecticut Senator Chris Dodd.

Well, not really … but his faculty to actually believe the things he says while continuing to live in exile from the land of rational thought borders on impressive. It’s one thing to keep drawing talking points and flaccid strategies from the ancient Democrat playbook. It’s quite another to sound as if your points of argument were hijacked from an underground leftist blog created in mommy’s basement … or from Chris Matthews’ diaries.

It is a case of Bush Derangement Syndrome on steroids … and the syringe is still sticking out of Senator Dodd’s tush.

The Senator was a guest on Don Imus’ radio program yesterday. According the Nutmeg State nut, the Gulf of Mexico oil spill can be blamed only on one thing: George W. Bush.

From Real Clear Politics:

When asked by Don Imus on his morning program if the Obama was to blame for lack of response to the oil spill, Sen. Chris Dodd (D-CT) blamed the Bush administration. “Well, you know, they come into office a year ago with all of this. And so, after the last eight years,” he said.

At that point, Imus interrupted and asked if he has “lost” his mind for blaming Bush. “The President has been in office for a year and a half and they’ve been dragging their feet and even people like James Carville said that his behavior ‘has been at the very best lackadaisical and naive’ and you’re still going to try to blame Bush?” he said.

“To lay this at Obama’s doorstep, in light of years and years of regulatory permissiveness when it comes to these kinds of operations occurring — it didn’t occur in the last year and a half,” he said. “I mean, you know that as well as I do. You can’t lay this all at Obama’s door anymore than I can say,” Dodd responded.

That must mean that Senator Dodd places the blame for the September 11, 2001 terrorist attacks squarely on the shoulders of President Bill Clinton, right?

It stands to reason.

George W. Bush was in office a little less than eight months when America was attacked. Barack Obama has been in office sixteen months, and yet, Senator Dud somehow blames Obama’s predecessor on something that occured almost a year-and-a-half after Bush went home.

Using the Senator’s method, President Clinton practically commandeered the planes into the twin towers himself.

As far as the Gulf oil spill … thirty-nine days and counting …

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THE END OF THE “BLAME BUSH” ERA?

Posted by Andrew Roman on November 3, 2009

poll numbers dropI’m always after interesting little tidbits.

Take this little morsel from Rasmussen: In one month, the percentage of people in the United States who blame former President George W. Bush for the nation’s economic woes has dropped six percentage points – from 55% to 49%.

Here’s a tastier nugget: The percentage of people who say President Barack Obama is more to blame for the ailing economy has jumped eight – from 37% to 45%.

Obama’s closing in.

And all of this in spite of a liberal media complex that all but greases itself up and bends over for the man.

Another delectable scrap to chew on is the fact that back in February – during the first month of the Messianic Age – just under half of all Americans said they trusted their own judgment more than the president’s when it came to economic issues – something that, in and of itself, is tremendously troubling. Today, however, that percentage has surged to 63%.

Talk about a right turn.

It’s actually a novel idea … trusting your own judgment. I wonder what Jefferson, Washington, Adams, Paine, Franklin, Hancock, Hamilton, Jay, Livingston, Chase and Madison would have thought of that concept.

(Inexplicably, 27% of Americans say they still trust the President’s economic judgment more than their own).

And if this next little statistic doesn’t perfectly illustrate the difference between left and right, then nothing ever will.

According to Rasmussen, “Eighty-four percent (84%) of conservatives trust themselves more, but 56% of liberals have more confidence in the president.”

More than half of the left place more trust in the president – and thus, the government – than themselves. I’m not sure whether to nod and sigh, or scream and vomit.

And I’d love to know who these sixteen percent of conservative are that put more trust in Barack Obama than themselves. Still, the fact remains, the overwhelming vast majority of conservatives believe in themselves – the individual – more than an elected official.

Conservatism 101.

No further analysis necessary.

Three more little gems to gnaw on:

– 62% of voters oppose the passage of another economic stimulus package this year.

– Just 42% now support the health care reform plan proposed by Obama and congressional Democrats. Most voters expect the plan, if passed, to drive up health care costs and hurt quality and expect a middle-class tax hike to pay for it.

– For nearly four-out-of-five voters, the bigger problem for the country is not their unwillingness to pay higher taxes. It’s their elected representatives’ refusal to cut government spending.

In other news, America is a center-right country.

Can we remember that?

(Say it with me, now) Yes, we can!
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Posted in Big Government, Economy, Liberalism, politics, Polls | Tagged: , , | Leave a Comment »

OWN IT, BAM

Posted by Andrew Roman on October 28, 2009

obama crybabyPresident Barack Obama needs to grow up, quit all the whining, stop blaming every conceivable ill that exists in America on the other side, and at least try to appear as if leadership of some kind is attainable. It’s time for this colossal do-nothing President to get up off his backside and finally own his Presidency. Someone with some balls needs to pick up Mr. Obama, turn him over, flip the switch from “campaign” to “President,” inform him that he is now more than nine months into his term, and demand that he stop behaving like a prepubescent kickball team captain and finally act like a man accountable.

Democrats have the White House and both houses of Congresses (Lord helps us), and if there has ever been a more disengaged, sedentary, lackluster, bumbling, stumbling collection of stammering political lummoxes than the crew in charge right now, I’m not aware of it. And although the campaign is long over (calendar-wise), and the blame-Bush-for-everything window has long been hammered shut, the President is still trying to squeeze through.

The fact is, it’s too late for that now.

It now belongs to the Anointed One.

It is all his.

This is, after all, the real world – where enemies exist, lives hang in the balance and actions must speak louder than words. This is not a hacky-sack bull session among campus marxists-in-waiting and capitalism-sucks dope smokers. This is not Wednesday afternoon Mahjongg, or one of President Obama’s studly White House basketball games, or one of his twenty-nine thousand rounds of golf. This is reality … and the reality is, this is a nation at war, with troops in harm’s way, facing an enemy hell-bent on destroying this country and all it stands for, led by a holding-pattern President who needs to pull out his thumbs and actually lead. Unfortunately, America’s top Keystone Cop has done little more than show those who are under his command that they are, at best, secondary to such pressing matters as global warming, curbing CEO salaries, destroying private insurance companies and doing all he can to make sure Chicago hosts the 500 meter freestyle event.

How dare this President fiddle with five irons and lay his egotistical charms on the Olympic gods while America’s bravest wait for some kind of word from the mountain top as to what their mission in Afghanistan is. While Obama’s White House is busy brown-shirting their way into a war against the Fox News Channel – and he continues to distinguish his administration with Mao enthusiasts, 9/11-truthers, tax evaders, race-baiters and unaccountable czars – American troops are quite literally stranded in a strategic limbo wondering what the hell their Commander-in-Chief is waiting for.

On Monday, for instance, the President commented that after “long years of drift,” he was finally going to get America’s Afghanistan policy correct.

In response, Charles Krauthammer, of the Fox News Channel, on yesterday’s Special Report, said:

I want to point out one thing about what Obama had said, what he talked about: “the long years of drift.” There is something truly disgusting about the way he cannot refrain from attacking Bush when he’s being defensive about himself. I mean, it’s beyond disgraceful here. He won election a year ago. He became the Commander-In-Chief two months later. He announced his own strategy – not the Bush strategy, his strategy – six months ago, and it wasn’t off-handed. It was a major address with the Secretary of Defense and Secretary of State standing with him, and now he’s still taking about “the drift” in the Bush years.

What’s happening today is not a result of the “drift in Bush years,” so-called. It’s because of the drift in his years. It’s because of the flaws in his own strategy, which is what he is re-examining. He has every right as Commander-in-Chief to re-examine his own strategy, but he ought to be honest, forthright and courageous enough as the President to simply say, “I’m rethinking the strategy I adopted six months ago, and not, once again, childlike attack his predecessor. 

Spot on.

Also on Monday, the President of the United States, speaking to a military audience in Jacksonville, familiarly took leave of his backbone and once again proved why national security cannot be trusted to liberals and other children. With his nation at war, and troops already on the battlefield, he forever etched his name in the annals of great American war leaders, saying, “I will never rush the solemn decision of sending you into harm’s way. I won’t risk your lives unless it is absolutely necessary.”

Is he kidding?

It’s been seven months.

This is the President of the United States, the most powerful man on the face of the earth, addressing members of the American military, the greatest fighting force the world has ever known, and the message he manages to convey – the words of inspiration he musters for those who have pledged their lives to defend this country – is he “won’t risk” lives “unless it is absolutely necessary.”

What about those who are at this moment in harm’s way, Mr. President? What about those who are already risking everything so that you (and the rest of us) can hit the links, or arrange pick-up games at the White House, or use fatty oils to fry up their latkes? What about the troops who are now fighting America’s enemies in a war that, not too long ago, you called a war of necessity?

Is it no longer a war of necessity?

Is the President aware that the words he speaks are actually heard and ingested outside of the friendly confines of his own mind? Including those who are currently serving in Afghanistan?

ObamaPattonI humbly ask … Is it at all posibble for the man who won a whopping 52.7% of the popular vote last November – the man who proclaimed incontrovertibly that victory was the only option in Afghanistan – to stop blaming his own inability to chew gum and q-tip his ears at the same time on George W. Bush?

Yes, yes, we know … Along with all of his other atrocities, Bush probably took great delight in kicking little puppies, thought nothing of cutting in front of little old ladies at the Post Office, and stole coins from the blind pencil guy on the street.

Regardless, Barack Obama is in charge today. This is his ship. Nine damn months is long enough.

Man up.

The President, of course, employs the same “it-was-him-not-me” approach when dealing with domestic issues (e.g., unemployment, health care, growing deficits, etc.) Note that as he attempts to “tackle” the myriad of challenges facing the United States – and defend his all-too important legacy-in-progress – everything always comes down to doing all he can to try and deal with the incalculable disasters he inherited from George W. Bush.

It wasn’t him, he cries.

Eight years of bad policies just can’t be undone like that, he explains.

Things will get worse before they get better, he promises.

It’s not easy, he says.

Blah, blah, blah.

Proclaiming that America’s problems still boil down to the preponderance of pervasive blunders and destructive policies perpetrated and implemented by George W. Bush, he figures, will have the citizenry nodding and sighing in agreement, as if to say, “We understand, Bam. We’re with you. Just get to it when you can.”

Forget the fact that Obama already sees his role as a rebuilder and transformer. It is his charge (in his own mind) to reconstruct this nation from the ruins of the more than two centuries of social injustice, run-away capitalism, and international bullying that preceded him. He first has to salvage what he can from the calamitous reign of George W. Bush, then he can beat down the Founding Fathers.

Someone – anyone – who is more concerned with the well-being of the United States than whether or not they will continue to have access to the messianic inner circle needs to shake some damn sense into the man who cannot let go of the blame-Bush-for-everything game plan that got him the job. This incessant cry-baby approach – the victimization mentality of “it-isn’t-my-fault-because-this-is-what-was-handed-to-me” – must come to a screeching halt immediately.

Enough is enough.

Own it.

 

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Posted in Foreign Policy, Liberalism, military, national security, Obama Bonehead, politics, War on Terror | Tagged: , , , , , , , | Leave a Comment »