Rex Nutting and the Obama Lie

I have already written numerous comments to Rex Nutting’s post:

Obama spending binge never happened
Government outlays rising at slowest pace since 1950s
Rex Nutting
May 22, 2012, 12:00 a.m. EDT

But there’s an update to his graph that I would like to make, to make it more accurate.

You see, Rex paints FY 2009 mostly red, for Bush:

But I ask two questions:

1) Who signed the Omnibus Appropriations Act for FY 2009 on March 11, 2009?

2) Is it honest to blame FY 2009 Federal Spending on Bush?

The answers are “Obama” and “No“, respectively.

Let’s first establish that budgets and spending bills must be passed by the House, then the Senate, and then be signed by the President. At any point in time, one political party controls a majority (2+ out of 3) of those.

When did the balance of power shift from Republican to Democrat? The answer is not October 2009, as Rex Nutting and Obama would like you to believe, nor even January 2009.

The answer is January 2007, when Democrats took majority control of the House and Senate, and therefore majority control of budgeting and spending.

So, let’s give credit where credit is due… and update the graph accordingly:

That paints a very different picture, doesn’t it?

But let’s take it a bit further…

Rex Nutting said:

Here are the facts, according to the official government statistics:

• In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.
http://www.whitehouse.gov/omb/budget/Historicals

There are many links at that page, but the first is:

Table 1.1—Summary of Receipts, Outlays, and Surpluses or Deficits (-): 1789–2017
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls

Again, all budget/spending bills must be passed first by the House and Senate, and be signed by the President (unless a veto is overridden), so let’s agree that it is fair to give “credit”/”blame” to the party which controlled a majority (2+ out of 3) of those three

Bush and the Republicans held control of all three for FY 2002 – 2007.
Democrats have held the majority for FY 2008 – present.

Let’s compare the Receipts, Outlays, and Deficits…

Using the same source data that Rex Nutting is using, namely:
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls

For FY 2002 – 2007, while Republicans held majority control,
the average Total Receipts were $2.11 Trillion per year,
the average Total Outlays were $2.39 Trillion per year, and
the average Total Deficit was $0.28 Trillion per year.

For FY 2008 – 2012, while Democrats held majority control,
the average Total Receipts were $2.31 Trillion per year,
the average Total Outlays were $3.47 Trillion per year, and
the average Total Deficit was $1.16 Trillion per year.

Under the Democrat majority FY 2008-2012: (As compared to the Republican majority of FY 2002-2007)
Average Receipts are up 10% from $2.11 Trillion to $2.31 Trillion per year,
Average Outlays are up 45% from $2.39 Trillion to $3.47 Trillion per year, and
Average Deficits are up 315% from $0.28 Trillion to $1.16 Trillion per year.

Using the same numbers Nutting is using, deficits have more than quadrupled under Democratic majorities as compared to Republican majorities, from $0.28 Trillion to $1.16 Trillion PER YEAR.

Yet Nutting claims, “Obama spending binge never happened”.

Democrats took majority control in January 2007, made spending skyrocket in FY 2008 and FY 2009, then leveled off (because they haven’t passed a budget in 3 years!), dishonestly blame Bush for what they themselves did in FY 2008 and FY 2009, and then now claim that during the past three years without a budget “Government outlays rising at slowest pace since 1950s”.

Democrats want to paint themeselves as the fiscally responsible party, and Republicans as the fiscally irresponsible party.

Obama himself has the audacity to say:

“I don’t know how they’ve been bamboozling folks into thinking that they are the responsible, fiscally-disciplined party. They run up these wild debts and then when we take over we have to clean it up,” Obama said. “And then they point and say, ‘Look how irresponsible they are.’ Look at facts, look at the numbers. And now I want to finish the job,” President Obama said at a fundraiser in Denver.

“This election will be closer than last one. People don’t remember last election was close. We’re going to have to contend with even more negative ads, even more cynicism and nastiness and just plain foolishness.”

Quite a statement from the Bamboozler in Chief!

I repeat, using the White House’s own numbers (http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls), the average annual deficit in the Republican majority years of FY 2002-2007 was $0.28 Trillion per year, while the average annual deficit in the Democrat majority years of FY 2008-2012 is $1.16 Trillion per year, more than quadruple, an increase of 315%! And all of that after they had won majority control by PROMISING NO NEW DEFICIT SPENDING!

Here is what Nancy Pelosi and the Democrats promised in 2006 in order to win the 2006 elections and control of Congress:

Over the past decade, the Republican controlled Congress took our nation in the wrong direction. Too many Americans are paying a heavy price for those wrong choices: record costs for energy, health care and education; jobs shipped overseas; and budgets that heap record debt on our children. For millions, the middle-class dream has been replaced by a middle-class squeeze…

Democrats are proposing a New Direction for America…

With integrity, civility and fiscal discipline, our New Direction for America will use commonsense principles to address the aspirations and fulfill the hopes and dreams of all Americans. That is our promise to the American people….

Our federal budget should be a statement of our national values. One of those values is responsibility. Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore “Pay As You Go” budget discipline.

Budget discipline has been abandoned by the Bush Administration and its Republican congressional majorities. Congress under Republican control has turned a projected $5.6 trillion 10-year surplus at the end of the Clinton years into a nearly $3 trillion deficit– including the four worst deficits in the history of America. The nation’s debt ceiling has been raised four times in just five years to more than $8.9 trillion. Nearly half of our nation’s record debt is owned by foreign countries including China and Japan. Without a return to fiscal discipline, the foreign countries that make our computers, our clothing and our toys will soon be making our foreign policy. Deficit spending is not just a fiscal problem – it’s a national security issue as well.

Our New Direction is committed to “Pay As You Go” budgeting – no more deficit spending.

Here is what Nancy Pelosi promised on January 4, 2007 when she became Speaker of the House:

After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

- New Speaker Nancy Pelosi, 01/04/2007

What did Nancy Pelosi, Harry Reid, and Barack Obama deliver during Pelosi’s years as Speaker of the House from January 4, 2007 to January 3, 2011? How much new debt was created during her 4 years as speaker?

Go to Debt to the Penny, and search on the period 1/4/2007 – 1/3/2011.
01/03/2011 $13,997,932,781,828.89
– 01/04/2007 $8,670,596,242,973.04
———————————————–
$5,327,336,538,855.85

Pelosi and the Democrats promised

Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore “Pay As You Go” budget discipline… no more deficit spending.

And what did they deliver?

In just 4 short years as Speaker, Pelosi added over $5.3 TRILLION in new debt, increasing the total national debt by over 60% in just 4 short years.

And it didn’t end there. Democrats still control the Senate and the Presidency. And therefore, Democrats still have majority control over the budgeting and spending process.

The most recent debt numbers are:
05/15/2012 $15,716,115,612,805.06
– 01/04/2007 $8,670,596,242,973.04
———————————————–
$7,045,519,369,832.02

The 5 worst fiscal year deficits in the history of this country have ALL come at the hands of a Democratic majority in Washington, D.C. after they promised “no more deficit spending”!

Democrats have increased the total national debt by over $7 TRILLION after they promised “no more deficit spending”!

They are LIARS and cannot be trusted.

They promised fiscal discipline and “no more deficit spending”, but have increased the total national debt from $8.67 Trillion to over $15.71 Trillion (an increase of over 81%) in less than 5 and a half years. And they haven’t passed a budget in over 3 years.

Any voter who wants fiscal sanity MUST vote Republican in November.

To vote for a Democrat and expect fiscal discipline is INSANE (doing the same thing over and over, expecting a different result).

About these ads
This entry was posted in Uncategorized. Bookmark the permalink.

9 Responses to Rex Nutting and the Obama Lie

  1. Tojo says:

    The audacity of “Dope.”

  2. After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

    – New Speaker Nancy Pelosi, 01/04/2007

    The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

    Barack Obama
    July 3, 2008

    With Democrats in majority control (controlling 2+ out of 3 of the House, Senate, and Presidency) since January 2007, (including Obama as Senator in the Democratic majority and then as President), we now have over $15.7 trillion of debt that we are going to have to pay back — over $50,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

  3. MR. CARNEY: … Can I, since you guys are a little woolly-headed this morning, I just wanted to read something that I read this morning that caught my attention. This is from Market Watch’s Rex Nutting. He says, “Of all the falsehoods told about President Obama, the biggest whopper is the one about his reckless spending spree. Almost everyone believes that Obama has presided over a massive increase in federal spending, but it didn’t happen. Although there was a big stimulus bill under President Obama, federal spending is rising at its slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s. Even hapless Herbert Hoover managed to increase spending more than Obama has.”

    That means that the rate of spending — federal spending increase is lower under President Obama than all of his predecessors since Dwight Eisenhower, including all of his Republican predecessors. That is a fact not often noted in the press and certainly never mentioned by the Republicans.

    Q You’re emulating Herbert Hoover now as a standard —

    MR. CARNEY: Not at all. I think it is simply a fact that despite the enormous challenges that this country faced when the President took office and the absolute essential need for taking dramatic action and significant action in passing a stimulus bill, as well as the other actions the President took, this President has been — has demonstrated significant fiscal restraint and acted with great fiscal responsibility. That is also why he has put forward a balanced plan to further reduce our deficit and debt by over $4 trillion.

    That approach, that balanced approach is available — is supported by a broad majority of the American people, majorities of Democrats, independents and Republicans outside of the nation’s capital. If only Republicans in Congress would agree to take that balanced approach, there is an opportunity for significant further deficit reduction.

    I simply make the point, as an editor might say, to check it out; do not buy into the BS that you hear about spending and fiscal constraint with regard to this administration. I think doing so is a sign of sloth and laziness.

    Next question.

    From: http://www.whitehouse.gov/the-press-office/2012/05/23/press-gaggle-press-secretary-jay-carney-en-route-colorado-springs-co-523

    arvhived at: http://www.webcitation.org/67xmpkwI4

    ————-

    http://online.wsj.com/article/SB10001424052702304707604577426240727922340.html?mod=rss_opinion_main

    http://www.webcitation.org/67xxejnOA

  4. “I’m running to pay down our debt in a way that’s balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law,” [Obama] told a crowd of donors at the Hyatt Regency. “My opponent won’t admit it, but it’s starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that.”

    Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.

    Well, here’s what the Wall Street Journal thinks about that:

    http://online.wsj.com/article/SB10001424052702304707604577426240727922340.html?mod=rss_opinion_main

    I think one of the most telling things is how Obama tried to use the credibility of the Wall Street Journal brand in order to pass Rex Nutting’s lie off as the truth. And then the Wall Street Journal replied and smacked Obama and Nutting pretty well.

  5. http://michellemalkin.com/2012/05/26/washington-post-obama-fiscal-restrained/

    ===============
    Washington Post fact-checks Obama claims of a fiscally restrained administration
    By Doug Powers • May 26, 2012 05:50 PM

    The Obama administration’s latest proof that they are fiscally responsible is Rex Nutting’s piece at CBS Marketwatch. That analysis — if it can be called that — has since been torn apart like it was accidentally left on the table during a chigiri-e class. The Washington Post fact-check column is the latest to take issue with the Nutting’s numbers and methodology, as well as Jay Carney’s condescending sniveling.

    You can read the WaPo’s entire analysis here, but this is the conclusion…
    ===============

    http://michellemalkin.com/2012/05/26/washington-post-obama-fiscal-restrained/

  6. Pingback: Rex Nutting Can’t Handle the Truth « I Took The Red Pill (and escaped the Matrix)

  7. Rex Nutting, Jay Carney, and Barack Obama all falsely claim:

    “His Fault”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s