Obama's 3.8 Trillion Deficit for 2010...During Freeze?

[Islandborn]

So lemme get this straight.....this is Obamao's idea of a spending freeze?

Introducing the 2011 Budget | The White House

3.8 trillion with a T.

Guy makes Bush seem logical. Its over for the Democrats.:thumbsup:

Wall Street Journal summarizes

U.S. Deficit to Hit All-Time High - WSJ.com

Islandborn Reviewed by Islandborn on 02-01-2010. Obama's 3.8 Trillion Deficit for 2010...During Freeze? So lemme get this straight.....this is Obamao's idea of a spending freeze? Introducing the 2011 Budget | The White House 3.8 trillion with a T. Guy makes Bush seem logical. Its over for the Democrats.:thumbsup: Wall Street Journal summarizes Rating: 5

[Islandborn]

* Permanently expand the federal government by nearly 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;

* Raise taxes on all Americans by more than $2 trillion over the next decade (counting health-care reform and cap-and-trade);

* Raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade;

* Borrow 42 cents for each dollar spent in 2010;

* Run a $1.6 trillion deficit in 2010 â?? $143 billion higher than the recession-driven 2009 deficit;

* Leave permanent deficits that top $1 trillion in as late as 2020 â?? a time of assumed peace and prosperity; and

* Double the publicly held national debt to over $18 trillion.

Before the recession, federal spending totaled $24,000 per U.S. household. President Obama would hike it to $36,000 per household by 2020 â?? an inflation-adjusted $12,000-per-household expansion of government. Even the steep tax increases planned for all taxpayers would not finance all of this spending: The presidentâ??s budget would add trillions of dollars in new debt.

This Dude went to Harvard I promise.

[MMLoco]

so what was the yearly budget for previous years?

[Islandborn]

Here are a couple graphs I found with a quick search.......they are from the republicans but the #'s are the same

http://www.house.gov/budget_republic...presidents.pdf

[MMLoco]

damn those some scary numbers for real . i was confused wen that fool says just like american families using budgets, so will the governement, and then comes out wit that crazy trillion number calling that a low budget. I watched state of the union and a some news on the budget, only good thing i heard about the budget was he cutting pointless fundings like NASA.

[Islandborn]

if you think about 20,000 jobs at NASA is no big deal...well fuck me then. My wife works for a NASA subcontractor....the science people or anyone with a degree will be fine....its the assistants and secretaries and data people (lower middle class) that are screwed. All others will just be transfered to projects.

Here is a Law Professors blog breaking down the roughly 1.9 TRILLION in tax increases Obama has lined up for the working man and woman.

TaxProf Blog: President Obama's Budget Contains $1.9 Trillion in Tax Increases

Change we can believe in.

[the image reaper]

not to be overlooked, are the many new technology gadgets, that are a direct result of space science ... rumor has it, that the Volcano Vaporizer, was originally a Space Shuttle espresso maker :wtf: ... and, there's always that talk about reverse-engineering alien spacecraft, too