Obama 's spending: Was it a strategy or was it just hardcore spending?? We have the answer.

Here is a two year old graph produced by the Heritage Foundation representing the Bush Debt compared to the projected debt of the Obama Administration.

It gets a little confusing, but a president leaves office on Jan 20th, of whatever year ---- at the same time the new president is sworn into office. As it turns our, his departure is almost four months into his final fiscal year which ends on the last day of September following his departure in January. Any spending that actually occurs during the fiscal year ending in September is charged against the outgoing president. For example, the Obama Stimulus (originally set at $787 billion) and the his first Omnibus bill (a $400 billion piece of legislation) were charged against Bush because they occurred during his last fiscal year beginning October 1 of 2008.

In the chart above, the bar reflecting the last fiscal year of Bush is one labeled "09" on the bar graph. It is colored in red when, in fact, it should have been colored gray, for Bush's final fiscal year. Always remember that when Democrats charge Bush for that last year, 1.2 trillion was Obama's working -- all Obama. In other words, that final Bush fiscal year was worth 1.7 trillion in added debt. Only half a billion of that total belongs to Bush, however. Obama spent the money and then accused Bush of driving us off the cliff. Sweeeeet.

That is our first point.

A second point has to do with today's report concerning the 2011 fiscal year's annual debt: it will come in at more than 1.5 trillion . The White House projection was for a little over .8 billion. Turns out that it will be nearly twice that amount with billion dollar debt each year for years into the future. The sad truth of the matter is that the Obama spending "strategy" did not include a reasonable analysis of its effect on the national debt. In fact, it completely underestimated the disastrous circumstance it would create, proving itself to be thoughtless beyond belief, and hardly a "strategy." No, it was not a strategy, it was just spending.

And when we argue that it was just spending, we mean what we said. Did you know that the Obama Administration and the Marxist 111th Congress never wrote a budget nor voted on a single one of the 13 spending bills required to run the government for the fiscal year ??? It was due last March. The new fiscal year began October 1, 2010, and to this day, we do not have so much as an outline of a budget. Sooooo, when we say "it was just spending," you can see why? Understand that this is the first time in our history that a budget was not even presented in outlined form. Another first for Obama/Reid/Pelosi.
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