Before the last U.S. Presidential election, I heard a lot of Democrats crowing about how President Clinton balanced the Federal Budget and produced a surplus. Thus according to them, only a Democrat as President would again, balance the budget.
So we have Barrack Obama in the Whitehouse and a record busting almost $3.5 trillion budget with a planned deficit of over $1 trillion!
WHAT? I thought those Democrats said a Democrat as President would balance the budget?
Could it be because the President doesn't determine how much we spend? I know, it's just a little fact. But facts count.
Presidents prepare budgets and ASK Congress to approve them.
When "Clinton" balance the budget, that was (I think) the first Republican controlled Congress in 40 years that approved it. Just by coincidence, it was the first balanced budget in 40 years. (Remember, the "Great Society" and all the budget busting social welfare programs were started by the Democrats after they tool control of Congress back in the 60s.)
So we had a Democratic President and a Republican Congress that balanced the budget. In most of Bush's term, he had a Democratic Congress.
Now we have a Democratic President and a Democratic Congress and the budget is busted all over the place.
Their "frugal" budget plans to get the deficit back down to above the record Bush/Dem Congress 2009 planned deficit in only four years.
Yup, that's change we can count on... trillions of dollars worth of change.
Thursday, April 30, 2009
Clinton Balanced the Budget... So What Did Obama Do?
Muttered by
LVWolfman
on
4/30/2009 02:59:00 PM
Labels:
Barack Obama,
change,
Congress,
democrat,
Ecnonomy,
elections,
Finance,
Government,
Morons,
Politics,
republican
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