Tim Kane Critiques the Obama Presidency

Here is the scorecard on Obama’s fiscal promises, according to the CBO: the deficit in 2008 was 0.5 trillion dollars. Federal outlays were 2.98 trillion dollars. Since then, the U.S. government has run deficits of 1.4, 1.3, 1.3, and a projected 1.17 trillion dollars during these last four years…with outlays of 3.5, 3.5, 3.6 and a projected 3.4 trillion dollars (through 11 months of the 2012 fiscal year)…

Instead of cutting the deficit in half, Obama has tripled it. Instead of controlling spending, he’s raised outlays by half a trillion dollars a year, which will get much bigger when the health care law takes effect. Instead of a temporary stimulus to bridge the nation back to full GDP, we have a permanently stimulated federal government and zero recovery.

It is entirely understandable that the deficit was not fixed in the first year that Obama was in the White House, the second year, the third year, and even the fourth year. What is not understandable is the absence of any coherent long-term plan, partisan or bi-partisan, to address the issue. What America got instead was another blue-ribbon commission (Simpson-Bowles) that was ignored before the ink on its final report was dry.

Entire post by Tim Kane in the Balance blog.

Comments (7)

Trackback URL | Comments RSS Feed

  1. Alex says:

    This is the type of stuff that Romney needs to seize on if he wants to win. Hammer Obama on what he promised and what actually came to pass.

  2. Billy Scout says:

    I could not agree more with you Alex. The numbers shown on this CBO report (which are not news for anyone by the way. We have been hearing about it for the past couple of years, and they only seem to get worse) are a perfect resource for Romney to dig on and show everyone what’s really going on, what the president promised and what he actually did, and most importantly, all those promises he didn’t keep.

  3. Ender says:

    The debt that we have gathered is atrocious.

  4. Buster says:

    I though the only score that mattered to a politician was: 1) whether you got elected; and 2) whether you got re-elected. Everything else is just the sausage created in the process of ensuring you accomplish Item #1 and Item #2.

  5. Robert says:

    Well…that’s an awfully bleak picture.

  6. Kyle says:

    The 2010 S&B report would be political suicide. I read that there is a projected bacon shortage coming up.. mainly because all of that pork is still kicking around D.C.

  7. August says:

    “What is not understandable is the absence of any coherent long-term plan, partisan or bi-partisan, to address the issue.”

    Part of the blame rests with the president, but there is much more to spread around to congress and the parties.