Ravenwood - 03/25/09 08:14 AM
Remember when liberals and media were harping on President Bush's "record" budget deficits? Senator Kent Conrad, the ranking Democrat on the Senate Budget Committee said, "I think this budget is breathtaking in its lack of fiscal responsibility. This president's plan is plunging us deep into deficit, deep into debt."
Democrats were screaming bloody murder about $300-400 Billion budget deficits. Now, the CBO predicts Obama's deficit to be $1845 Billion.
The Heritage Foundation notes that the deficits are likely here to stay for a long time.
In fairness to Senator Conrad who is now chairman of the Senate Budget Committee, he has pared down Obama's grandiose wishlist quite a bit. But Conrad's proposal will still far exceed Bush's $400 billion deficits of years past.
Sen. Kent Conrad of North Dakota said the Senate Budget Committee, which he chairs, will vote on his version Wednesday."We've made hundreds of billions of dollars of changes to make this work to get down to the deficit goal and at the same time maintain the president's priorities -- education and energy and health care," Conrad said as he left a closed meeting in the Capitol, where he briefed Senate Democratic colleagues on his plan.
Bush was bad but they are making him look like a model of fiscal responsibility. . . HOLY CRAP
Posted by: JD at March 26, 2009 9:51 AMFunny thing is, the 'surplus' of 1999 and 2000 that the Democrats constantly point to is a lie. go to:
http://www.savingsbonds.gov/NP/NPGateway
and you will see that the debt on October 1, 1998 was $5.540 trillion, increasing to $5.656 trillion by September 30, 1999, to $5.674 trillion by September 30, 2000 and further to $5.807 trillion by September 30, 2001.
Where is the surplus? Clinton ran a deficit EVERY YEAR HE WAS IN OFFICE.
Posted by: Divemedic at March 26, 2009 11:23 AM(c) Ravenwood and Associates, 1990 - 2014