Democrats Actually SHRANK Spending & the Deficit

Despite a lot of intentional misinformation put out by the GOP and their propaganda ministry at Fox or partisan radio shows like Rush Limbaugh, it seems the actual numbers say something completely different about the nature of the economy. On the subject of both the deficit and government spending, they are similarly incorrect/deluded in part because they listen to a relentless droning of rightwing media nearly exclusively.

The actual RAW DATA from the non-partisan OMB communicates something completely different however.

Per AFP via Raw Story:

  • The U.S. deficit actually SHRANK 9% in the last fiscal year, down 122 billion dollars over the previous year.
  • Democrats also brought down the cost of the financial “rescue” of the banks by $240 billion.
  • 2010 marked the largest DECLINE in government spending since 1984.
  • And thanks to cutting corporate loopholes, revenue increased by 3%.

Of interest in the article as well, is this statement by Republican Judd Gregg, who said, “Just a few years ago, the deficit was under 500 billion dollars.”

That’s quite correct Judd. A $500 billion dollar deficit would place us at about 2002, just before the GOP started off-budget financing two wars (and literally shipping palates of $9 billion dollars of cash to literally throw at the Iraqis off the back of trucks), and increasing the federal bureaucracy by creating whole new departments like the utterly worthless 4th Amendment-violating Homeland Insecurity Dept., and while giving huge tax breaks to the wealthy who didn’t need it.

What that also says is that in the two years PRIOR to 2002, the GOP had already wasted nearly $1 trillion dollars — because BEFORE they walked into the door, we had a $300 billion dollar SURPLUS under Clinton.

Now the economy’s still not great. Nobody sane would argue that. But after the drunken frat boy spends 8 years driving the country off a cliff, it takes a while to get the tow truck, hoist it back up again, and fix the friggin’ national car. Not to mention turn it into an electric vehicle. And it’s doubly difficult with the reckless obstructionism by the Republicans in the Senate who are quite willing to just let the country rot if they think it’ll put them back into power.

And it’s working for them. They are proving that Goebbels was correct when he said the bigger the lie, the more people will believe it, if it is simply repeated often enough. The Tea Party (the insane wing of the GOP) is a group of people supposedly organized around reducing taxes, who are so out of touch with reality, that they’re angry at a President that LOWERED taxes for 95% of America.

The GOP and the sycophants in the corporate media have confused these poor rubes so much, that they now actually believe that somehow THEY get burned, unless the ultra-rich have-mores get to hoard more of the nation’s treasure. It’s like three card monty on acid. The ultimate long con — run by NeoCons.

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  • Jhalmos

    You’re joking, right? No one in their right mind would take the sitting government’s numbers seriously. They have to fudge and lie and twist the real numbers. For example, they changed the unemployment stats so the numbers would sound low. Real unemployment is 17% (U6). Obama’s government, when done, will have increased the deficit to the highest number in US history. And that’s by 2012, let alone another 4 years. Check out John Williams of shadowstats.com for some real numbers.

    • Hadrian999

      i’ll read it if somebody else pays the 200 bucks

    • Laws456

      While you bitch and moan about Obama and the Democrats, where is your disdain for the people who left such a mess?

    • 5by5

      These are not “Obama Administration” numbers. These are numbers from the non-partisan Office of Management and Budget, which reports on both Democratic and Republican Administrations.

      Unemployment numbers are calculated by a completely different department, the Department of Labor, and ironically, the Obama Administration has actually made the calculation of those numbers more ACCURATE by including metrics that other administrations left out.

  • Jhalmos

    You’re joking, right? No one in their right mind would take the sitting government’s numbers seriously. They have to fudge and lie and twist the real numbers. For example, they changed the unemployment stats so the numbers would sound low. Real unemployment is 17% (U6). Obama’s government, when done, will have increased the deficit to the highest number in US history. And that’s by 2012, let alone another 4 years. Check out John Williams of shadowstats.com for some real numbers.

  • Hadrian999

    i’ll read it if somebody else pays the 200 bucks

  • Andrew

    If this is true, it wouldn’t surprise me. But who knows what the black budget is?

    • Other Mr T

      black budget? that’s racist. just kidding, I must have Obama derangement syndrome.

    • 5by5

      Yes, now there is a huge problem. A component of the overall irrationalism of defense spending in general, but a particularly annoying one, as there is basically no accountability over this type of intel spending.

    • ArgosyJones

      the total of the black budget is hidden in appropriations for other programs.

  • Andrew

    If this is true, it wouldn’t surprise me. But who knows what the black budget is?

  • http://godlessliberalhomo.blogspot.com/ libhomo

    The biggest forms of government waste these days are the Iraq and Afghanistan wars. Both the GOP and the Democrats support them, and the corporate media pretend as if they are obligatory, rather than the result of blatant political corruption. No legitimate “deficit hawk” in either party can continue to support the wars.

  • http://godlessliberalhomo.blogspot.com/ libhomo

    The biggest forms of government waste these days are the Iraq and Afghanistan wars. Both the GOP and the Democrats support them, and the corporate media pretend as if they are obligatory, rather than the result of blatant political corruption. No legitimate “deficit hawk” in either party can continue to support the wars.

  • Haystack

    “Government Spending” and “Fiscal Responsibity” are just euphemisms for “cut social programs.” Its telling that the same people who get hot and bothered over the cost of the stimulus package think nothing of borrowing from China to extend tax cuts to the rich.

    • emperorreagan

      Reagan cut social programs, cut taxes, and still managed to dramatically increase spending.

      US politicians continuously manage to turn a blind eye to what seems to be relatively obvious answers to manage budget issues – military spending needs to be dramatically cut and the income cap needs to be taken off the social security tax for example. Instead, they bandy about nonsense about privatizing social security as a means of dealing with future entitlement spending problems, push through half-assed healthcare reform ideas (that will ultimately just be a government transfer to private insurance companies, in my opinion), and go off on completely unnecessary, unjustifiable military adventures.

      • Laws456

        I think your opinion is an actual fact, in regards to the comment you made about the healthcare bill.

  • Haystack

    “Government Spending” and “Fiscal Responsibity” are just euphemisms for “cut social programs.” Its telling that the same people who get hot and bothered over the cost of the stimulus package think nothing of borrowing from China to extend tax cuts to the rich.

  • emperorreagan

    Reagan cut social programs, cut taxes, and still managed to dramatically increase spending.

    US politicians continuously manage to turn a blind eye to what seems to be relatively obvious answers to manage budget issues – military spending needs to be dramatically cut and the income cap needs to be taken off the social security tax for example. Instead, they bandy about nonsense about privatizing social security as a means of dealing with future entitlement spending problems, push through half-assed healthcare reform ideas (that will ultimately just be a government transfer to private insurance companies, in my opinion), and go off on completely unnecessary, unjustifiable military adventures.

  • Other Mr T

    black budget? that’s racist. just kidding, I must have Obama derangement syndrome.

  • Anonymous

    I think your opinion is an actual fact, in regards to the comment you made about the healthcare bill.

  • Anonymous

    While you bitch and moan about Obama and the Democrats, where is your disdain for the people who left such a mess?

  • Marklar_Prime

    There may be some truth in this article but the source is revealed as a straight up liar for saying “The U.S. deficit actually SHRANK 9% in the last fiscal year, down 122 billion dollars over the previous year.”

    Decreasing the amount which was ADDED to the deficit by 9% DOES not equate to a shrinking deficit you insane Orwellian word smith.

    It’s a rather common sort of lie of the type used on both sides of the aisle, or more accurately the monolithic false left/right. If a writer wants to be taken seriously however, they should probably avoid telling easily debunked lies of any sort, I would think.

    • Johnson

      If we operated by your logic, then letting the Bush tax cuts (at the end of this year as they are supposed to) would not be raising taxes but restoring them to where they were before. If you don’t agree with that statement, then your last comment is meaningless.

      I don’t disagree with you, both the left and right have their distorted propaganda (LIES!) and most of us (regardless of what side think we are on) are stuck in the middle of their endless excrement fight

    • ArgosyJones

      you’re confusing the deficit (the yearly budget shortfall) with the debt, which is the accumulated deficits of all previous years.

  • http://twitter.com/Marklar_Prime Marklar Kronkite

    There may be some truth in this article but the source is revealed as a straight up liar for saying “The U.S. deficit actually SHRANK 9% in the last fiscal year, down 122 billion dollars over the previous year.”

    Decreasing the amount which was ADDED to the deficit by 9% DOES not equate to a shrinking deficit you insane Orwellian word smith.

    It’s a rather common sort of lie of the type used on both sides of the aisle, or more accurately the monolithic false left/right. If a writer wants to be taken seriously however, they should probably avoid telling easily debunked lies of any sort, I would think.

  • Anonymous

    These are not “Obama Administration” numbers. These are numbers from the non-partisan Office of Management and Budget, which reports on both Democratic and Republican Administrations.

    Unemployment numbers are calculated by a completely different department, the Department of Labor, and ironically, the Obama Administration has actually made the calculation of those numbers more ACCURATE by including metrics that other administrations left out.

  • Anonymous

    Yes, now there is a huge problem. A component of the overall irrationalism of defense spending in general, but a particularly annoying one, as there is basically no accountability over this type of intel spending.

  • Johnson

    If we operated by your logic, then letting the Bush tax cuts (at the end of this year as they are supposed to) would not be raising taxes but restoring them to where they were before. If you don’t agree with that statement, then your last comment is meaningless.

    I don’t disagree with you, both the left and right have their distorted propaganda (LIES!) and most of us (regardless of what side think we are on) are stuck in the middle of their endless excrement fight

  • Not Fooled

    What a load of horse dung! There isn’t a media outlet out there, liberal or conservative that can back these numbers!

    When are you party sheep go to take your heads out of the party mascot butt and realize that BOTH parties are responsible for the mess we are in!!

  • Not Fooled

    What a load of horse dung! There isn’t a media outlet out there, liberal or conservative that can back these numbers!

    When are you party sheep go to take your heads out of the party mascot butt and realize that BOTH parties are responsible for the mess we are in!!

  • ArgosyJones

    you’re confusing the deficit (the yearly budget shortfall) with the debt, which is the accumulated deficits of all previous years.

  • ArgosyJones

    you’re confusing the deficit (the yearly budget shortfall) with the debt, which is the accumulated deficits of all previous years.

  • ArgosyJones

    the total of the black budget is hidden in appropriations for other programs.

  • ArgosyJones

    the total of the black budget is hidden in appropriations for other programs.

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