The Democrats’ Deficit Deception

PREMISE: Give the majority of the credit and/or blame to the party which had majority control…
i.e. the party which held a majority (2+ out of 3) of the House, Senate, and Presidency.

12 years of GOP majorities (1/3/1995-1/3/2007) left us with:
Labor Force Participation Rate (LFPR): 66.4%
Unemployment 4.4%
Employment: 63.4% (144 consecutive months ≥ 62%)
FY 2007 deficit: 1.1% of GDP
Total National Debt: $8.7 Trillion

7¾ years of Democrat majorities (1/3/2007-Present) have brought us:
Labor Force Participation Rate (LFPR): 62.7%
Unemployment 5.9% (would be 11.1% if LFPR was still 66.4%)
Employment: 59.0% (61 consecutive months ≤ 59%)
FY 2014 deficit (as estimated by the OMB): 3.7% of GDP ( > 3 TIMES the last Republican deficit!)
FY 2014 deficit (as estimated by the CBO): 2.8% of GDP ( > 2.5 TIMES the last Republican deficit!)
Total National Debt: $17.9 Trillion (more than doubled in less than 8 years!)

12 straight years of Republican majorities left us in a much better position than 7¾ straight years of Democrat majorities.

Since Senator Reid & the Democrats took majority control on 1/3/2007:
Employment-Population Ratio: ↓ 4.4 points
Average FY Deficit: ↑ 700%
New Debt: ↑ $9.2 TRILLION

Average Fiscal Year Deficit as % of GDP:
=================================
Post-WWII…..  FY 1947-1995: 1.8% of GDP
GOP Majority 
FY 1996-2007: 0.8% of GDP (↓56%)
DEM Majority
FY 2008-2014: 6.4% of GDP (↑700%)

Data Source: White House Office of Management and Budget (OMB)
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2015/assets/hist01z2.xls

Republican majorities decreased average FY deficits by 56%.

Democrat majorities increased average FY deficits by 700%.

And looking more closely at the last 3 years of the Republican majority and first two years of the Democrat majority:

Republican majorities decreased the deficit as a % of GDP 68% in 3 years (from 3.4% in FY 2004 down to 1.1% in FY 2007)

Democrat majorities increased the deficit as a % of GDP 791% in 2 years (from 1.1% in FY 2007 to 9.8% in FY 2009)

Democrats are responsible for increasing the FY deficit by nearly 800% in their first two years, dishonestly blaming that all on Bush, trying to use that as their new baseline, and then dishonestly claiming that they are great deficit reducers!

The OMB estimates FY 2014 deficit at 3.7% of GDP. That is MORE THAN 3 TIMES THE SIZE of the last Republican deficit!

And even at the CBO’s FY 2014 deficit estimate of 2.8% of GDP, Democrat majorities are STILL running deficits that are more then TWO AND A HALF TIMES THE SIZE of the last Republican-majority budget deficit!

The last Republican-majority budget deficit was produced by a Republican House, Republican Senate, and Republican President in 2006 for FY 2007, with a deficit of 1.1% of GDP.

Remember that.  The last time a Republican House, Senate, and President passed a budget and appropriations, the TOTAL (on-budget PLUS off-budget) DEFICIT was 1.1% of GDP.

Have you seen propaganda like this?

Democrats' Deficit Deception

The great Democrat Deficit Deception is based on:

1) IGNORE the fact that the last budget produced by a Republican House, Republican Senate, and signed by Bush was passed in 2006 for FY 2007 and had a deficit under $161 Billion, representing 1.1% of GDP.

2) BLAME BUSH (one man in the MINORITY party) for the nearly tripled FY 2008 deficit (3.1% of GDP) produced by the Nancy Pelosi House and Harry Reid Senate, then signed (not vetoed) by Bush.

3) BLAME BUSH (one man who was in the MINORITY party for LESS THAN 1/3 of the Fiscal Year) for a bill produced by Nancy Pelosi House and Harry Reid Senate, then signed (not vetoed) by Bush on 9/30/2008, which contained a Continuing Resolution to fund the first few months of FY 2009 (which began on 10/1/2008) at the same monthly funding levels as FY 2008.

4) BLAME BUSH for saying “Yes” when Obama asked Bush to request the second half ($350 Billion) of the TARP money on 1/13/2009. Bush is to get all of the blame, even though Obama asked for, and received, all of the $350 Billion.

5) BLAME BUSH for ALL FY 2009 deficit and spending, including all of the following which were produced by Nancy Pelosi House and Harry Reid Senate, then signed by BARACK OBAMA, NOT Bush!!!

On 2/17/09, Obama signed the $831B AARA

On 3/11/09, Obama signed the $410B OAA

On 6/24/09, Obama signed the multi-$B SAA, including “Cash For Clunkers”

ALL FY 2009 appropriations were passed by the Nancy Pelosi House of Representatives.

ALL FY 2009 appropriations were passed by the Harry Reid Senate.

Well over 2/3 of the FY 2009 appropriations were asked for and/or signed by Barack Obama.

Yet Democrats want to dishonestly BLAME BUSH for ALL of the FY 2009 deficit (9.8% of GDP)!!

Anyone who tries to “Blame Bush!” for the FY 2009 deficit is being incredibly dishonest.

The overwhelming majority of responsibility for the FY 2009 deficit belongs to Democrats: Pelosi, Reid, and Obama.

And any claims of “deficit reduction” by Democrats are clearly deception when:

FY 2014 deficit (as estimated by the OMB): 3.7% of GDP ( > 3 TIMES the last Republican deficit!)
FY 2014 deficit (as estimated by the CBO): 2.8% of GDP ( > 2.5 TIMES the last Republican deficit!)

==================

UPDATE: This type of deception has been foisted by Democrats for several years now.
Here is an example from 2012, and my response to it:

Rex Nutting and the Obama Lie
Posted on May 25, 2012

Comments that I made to Rex’s Market Watch post were deleted, and my ID was banned.

Rex Nutting Can’t Handle the Truth
Posted on May 30, 2012

Those who can’t handle the truth,
try to silence those who speak it.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

9 Responses to The Democrats’ Deficit Deception

  1. Thank you, GFCinthatorder!
    I appreciate your kind words.

  2. Sorry! The 2009 budget was President Bush. Budgets are made in November for the following year. Or do you think Senator Obama made the budget days after he was elected? After that there was a domino effect to the deficit to recover from 2 unfunded wars and the unbudgeted pharmaceutical deal. But you won’t believe facts will you?

  3. Mike Sallese (@pesky9) says:
    October 17, 2014 at 4:21 pm (Edit)

    Sorry! The 2009 budget was President Bush.
    Budgets are made in November for the following year…

    Mike,

    I offer a sincere thank you to you for taking your time to comment here. I find it much easier to discuss topics when not limited to Twitter’s 140 characters.

    Fiscal Years run from October 1st of one year to September 30th of the next calendar year.

    http://en.wikipedia.org/wiki/United_States_budget_process

    The President is supposed to submit a budget REQUEST in February, though Barack Obama has been late multiple times.

    It is true that the last budget REQUEST made by President G.W. Bush was made in 2008 for FY 2009.

    Take some time, however, to realize the VERY SIGNIFICANT differences between what Bush requested, and the appropriations bills actually passed and signed into law for FY 2009.

    You can blame Bush for the bill he signed on September 30, 2008 which included a continuing resolution to fund the start of FY 2009 at FY 2008 levels, but you cannot (with any honor & integrity) blame Bush for appropriations bills passed by the Nancy Pelosi House, Harry Reid Senate, and SIGNED BY OBAMA after Jan 20, 2009. I link to several examples of such bills in my post above.

    Bush was back at his ranch in Texas when the OVERWHELMING MAJORITY of appropriations for FY 2009 were passed by Nancy Pelosi, Harry Reid, and Barack Obama.

    You must come to terms with the fact that on 1/3/2007, then-Senator Barack Obama and his Democrat peers in Congress inherited FY 2007 appropriations bills passed in 2006 by the outgoing Republican majority, and the TOTAL (on-budget PLUS off-budget) deficit for FY 2007 was less than $161 Billion, representing 1.1% of GDP.

    You must come to terms with the fact that then-Senator Barack Obama and his Democrat peers nearly TRIPLED the deficit to 3.1% of GDP in their first fiscal year, and then MORE THAN TRIPLED it AGAIN to 9.8% of GDP in their second fiscal year (FY 2009). You can’t blame Bush for all of the appropriations passed by Pelosi and Reid and voted for, asked for, and/or signed by Barack Obama.

    And it is the Democrats’ Deficit Deception to claim that a FY 2014 deficit around 3% of GDP is a deficit “reduction” from what they inherited. The truth is that Democrats are STILL running deficits between 2.5 and 3 TIMES the size of the last deficit produced by a Republican House, Republican Senate, and Republican President. That is a FACT.

  4. Pingback: Employment-Population Ratio, Correlated with Majority Party, Jan 1995 – Oct 2014 | I Took The Red Pill

  5. On 1/3/2007, Nancy Pelosi, Harry Reid, then-Senators Barack Obama, Joe Biden, Hillary Clinton, John Kerry, Chuck Schumer, Dick Durbin, and the rest of their Congressional Democrat colleagues took control of both the House & Senate, and therefore overall majority control of Washington, D.C.

    They inherited from the outgoing Republican majority the FY 2007 budget, with a deficit under $161 Billion, representing 1.1% of GDP.

    IN JUST TWO YEARS, the Democrats increased the annual deficit from 1.1% of GDP to 9.8% of GDP… multiplying it nearly NINE-FOLD.

    FY 2007 Hastert/Frist/Bush Republican deficit: 1.1% of GDP
    FY 2009 Pelosi/Reid/Obama Democrat deficit: 9.8% of GDP

    Democrat claims of “deficit reduction” are utter LIES, as deficits are still ROUGHLY TRIPLE the size of the FY 2007 deficit that the Democrats inherited from the Republicans.

    Data Source: White House Office of Management and Budget (OMB):
    http://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/hist01z2.xls

    In less than 9 Fiscal Years with Obama in the majority party and/or Presidency, the Total Public Debt Outstanding has increased more than 10.4 TRILLION dollars.

    Data Source: U.S. Department of the Treasury
    http://www.treasurydirect.gov/NP/debt/search?startMonth=09&startDay=30&startYear=2007&endMonth=09&endDay=30&endYear=2016

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