{"id":2097,"date":"2009-04-30T11:08:54","date_gmt":"2009-04-30T15:08:54","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=2097"},"modified":"2009-04-30T11:20:18","modified_gmt":"2009-04-30T15:20:18","slug":"barack-obama-on-the-deficit-i-didnt-do-it","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/30\/barack-obama-on-the-deficit-i-didnt-do-it\/","title":{"rendered":"Barack Obama On The Deficit: I Didn’t Do It…"},"content":{"rendered":"

Barack Obama’s ‘It wasn’t me’ protestations about the ballooning federal deficit are so patently false even the Associated Press is calling him<\/a> on it:<\/p>\n

WASHINGTON (AP) – “That wasn’t me,” President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One.<\/p>\n

It actually was him – and the other Democrats controlling Congress the previous two years – who shaped a budget so out of balance.<\/p>\n

And as a presidential candidate and president-elect, he backed the twilight Bush-era stimulus plan that made the deficit deeper, all before he took over and promoted spending plans that have made it much deeper still.<\/p>\n

Obama met citizens at an Arnold, Mo., high school Wednesday in advance of his prime-time news conference. Both forums were a platform to review his progress at the 100-day mark and look ahead.<\/p>\n

At various times, he brought an air of certainty to ambitions that are far from cast in stone.<\/p>\n

His assertion that his proposed budget “will cut the deficit in half by the end of my first term” is an eyeball-roller among many economists, given the uncharted terrain of trillion-dollar deficits and economic calamity that the government is negotiating.<\/p><\/blockquote>\n

Nice try Mr. President, but you can’t disown the deficits you and the Democrats in congress help create… Republicans haven’t exactly been paragons of fiscal virtue over the past decade but it was Democrats who helped the Bush Administration push through the ill conceived\u00a0 $700 billion TARP program and who then added the pork stuffed $787 billion stimulus plan on top of it.<\/p>\n

H\/T: Ace<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Barack Obama’s ‘It wasn’t me’ protestations about the ballooning federal deficit are so patently false even the Associated Press is calling him on it: WASHINGTON (AP) – “That wasn’t me,” President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him on Day One. It actually […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[57,59,476],"class_list":{"0":"post-2097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-barack-obama","9":"tag-democrats","10":"tag-federal-deficit","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-xP","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3860,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/07\/ouch-federal-government-posts-largest-monthly-deficit-ever\/","url_meta":{"origin":2097,"position":0},"title":"Ouch: Federal Government Posts Largest Monthly Deficit Ever","author":"Jeff","date":"March 7, 2011","format":false,"excerpt":"Wow, when it comes to deficit spending Barack Obama makes George W. Bush look like a piker... From The Washington Times: The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. That figure tops\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2196,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/05\/15\/barack-obama-us-long-term-debt-load-unsustainable\/","url_meta":{"origin":2097,"position":1},"title":"Barack Obama: U.S. Long-Term Debt Load ‘Unsustainable’","author":"Jeff","date":"May 15, 2009","format":false,"excerpt":"From Bloomberg News: May 14 (Bloomberg) -- President Barack Obama, calling current deficit spending \u201cunsustainable,\u201d warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries. \u201cWe can\u2019t keep on just borrowing from China,\u201d Obama said at a town-hall meeting in Rio\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2648,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/25\/train-wreck-gdp-decline-twice-as-bad-as-obama-admnistration-forecast\/","url_meta":{"origin":2097,"position":2},"title":"Train Wreck: GDP Decline Twice as Bad as Obama Admnistration Forecast","author":"Jeff","date":"August 25, 2009","format":false,"excerpt":"Ouch, this isn't good news for President Obama's agenda... The White House has been using some pretty rosy economic forecasts to sell his agenda. However, those rosy forecasts have finally crashed head-on into economic reality. In short, GDP declined roughly twice as much as they predicted and their out year\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2304,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/06\/04\/bernankes-deficit-warning\/","url_meta":{"origin":2097,"position":3},"title":"Bernanke’s Deficit Warning","author":"Jeff","date":"June 4, 2009","format":false,"excerpt":"There's been a fair bit of buzz about Federal Reserve Chairman Ben Bernanke's remarks about the need for deficit reduction during his testimony before Congress yesterday. Many commentators are interpreting Chairman Bernanke's as bad news for Obamanomics and are arguing that deficit fears will force him to scale back his\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4340,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/01\/24\/video-1000-days-without-a-budget\/","url_meta":{"origin":2097,"position":4},"title":"Video: 1,000 Days Without a Budget","author":"Jeff","date":"January 24, 2012","format":false,"excerpt":"We've reached something of grim milestone... It has now been 1,000 days since federal government has had an actual budget: http:\/\/www.youtube.com\/watch?feature=player_embedded&v=QG0stsk3Ljs#! I can't say it any better than Tina Korbe: No matter what measure you use, government spending has increased since 1965. Total government spending has more than doubled. Federal\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/QG0stsk3Ljs\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2851,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/10\/weekend-briefing\/","url_meta":{"origin":2097,"position":5},"title":"Weekend Briefing – Saturday, October 10, 2009","author":"Jeff","date":"October 10, 2009","format":false,"excerpt":"I'm going to be tied up with family all weekend but here's a collection of must read links: CBO: Budget deficit hit record $1.4T in 2009 - Associated Press Proposals to create jobs add up to second stimulus - Associated Press A Nobel for Obama - New York Sun Barack\u2026","rel":"","context":"In "Afghanistan"","block_context":{"text":"Afghanistan","link":"https:\/\/www.jasetaro.com\/blog\/category\/afghanistan\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=2097"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=2097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=2097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=2097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}