Say, whatever happened to “pay-go”?

posted at 12:01 pm on April 24, 2012 by Ed Morrissey

Andrew Kaczynski of BuzzFeed unearths this gem from 2008, when Barack Obama thundered about the fiscal irresponsibility of George W. Bush over running up four trillion dollars in debt in eight years!  As Glenn Reynolds comments, those were the days.  We’ve added $4.5 trillion in debt since Barack Obama signed the omnibus spending bill that completed the FY2009 budget in March of 2009, just three years ago.  However, there is something more to this video than just the hypocrisy of Obama’s complaints about relying on the Bank of China, which has been his main funding mechanism through his entire term:

We have not done a good job of being good fiscal stewards.  And so what I want to do is, first of all, institute something called Pay-Go.

Well, Obama actually managed to accomplish this goal.  In February 2010, Barack Obama signed Pay-Go into law after it passed the Democrat-controlled House and Senate, although it took all of five days for Obama and his party to start attempting to bypass it.  Two months later, the Democrat-dominated Senate, which they controlled by a 59-41 margin, failed to pass a budget resolution by the statutory deadline — and haven’t passed one since.

Why have Senate Democrats not passed a budget resolution in the past three years, as required by (a toothless) law?  There are a number of reasons, mostly dealing with political cowardice and a lack of leadership.  But one has to presume that Pay-Go contributed as well.  Their own pet cause requires them to provide funding for any spending they propose, and they lack the courage to roll out their real intentions — a massive grab of capital to fund all of their hobby-horse policies.

Pay-Go only works fiscally and politically when combined with true budget discipline based on conservative economic policies.  Otherwise, it’s a trap — as the shirkers in the Senate Democratic caucus have demonstrated for over 1,080 days.


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Can we already rename the Treasury as “Barry’s Reelection Slush Fund”? It will make budgeting a piece of cake.

Archivarix on April 24, 2012 at 12:03 PM

What happened to pay-go? The sea levels fell so hard and fast that they washed it away.

Kataklysmic on April 24, 2012 at 12:05 PM

Didn’t that happen in Colombia? Except someone didn’t want to pay for someone to go?

Nethicus on April 24, 2012 at 12:06 PM

What blatant hypocrisy! What an outrage! Why, I’m sure this will be headline news on every outlet across the country!

Sorry if I’m becoming numb to the whole BO said this in criticism of W and now is doing exactly that routine. Breitbart was right – the media is the enemy.

Transpo on April 24, 2012 at 12:07 PM

Fool me once shame on you.

Fool me 5,000,000,000,000 times shame on me.

acyl72 on April 24, 2012 at 12:07 PM

Off topic but: “Me and Clooney”

Unless the prez and his minions applied for and received a license for a raffle in New Jersey, I believe the raffle violates the law, at least here in NJ. I just tried to enter without donating, but got rejected. The disclaimer “no purchase necessary” that we see on most raffles is nowhere to be found.

Anyone have any info on this?

Strike Twice on April 24, 2012 at 12:07 PM

The road to Obamuh’s Marxist Utopia will always be paved with lies. Say what you think the people want to hear – but never let anything get in the way of Utopia.

The people must be led into service to the State, for their own good. And if lies are necessary, lie to them.

This is all Alinsky-shit – and, therefore, Obamuh-shit.

OhEssYouCowboys on April 24, 2012 at 12:08 PM

Can we already rename the Treasury as “Barry’s Reelection Slush Fund”? It will make budgeting a piece of cake.

Archivarix on April 24, 2012 at 12:03 PM

And “creates jobs” as Treasury contracts out for new signage, stationary, creation of a transition agency, etc.

Happy Nomad on April 24, 2012 at 12:08 PM

Seems like the President and his co-conspirators has half of this policy nailed…

LibertysLight on April 24, 2012 at 12:09 PM

Say, whatever happened to “pay-go”?

The dog ate it.

Common Sense Floridian on April 24, 2012 at 12:10 PM

Well for GOD sake.

They are paying as they go!

HE and THEY are SPENDING!

And WE ARE PAYING and PAYING and PAYING

Delsa on April 24, 2012 at 12:10 PM

I’m shocked that Obama and Pelosi were lying about pay-go.

But that guy sure is likeable. Lying constantly is very charming.

forest on April 24, 2012 at 12:12 PM

PBHO was actually talking about “Pay-Go” which is a Chinese term for “We own you now”.

Bishop on April 24, 2012 at 12:12 PM

That’s incredibly self-revealing.

Prufrock on April 24, 2012 at 12:15 PM

Loop what Obama or his prompter said, 24/7, until the election.

A bigger charlatan never existed.

Schadenfreude on April 24, 2012 at 12:23 PM

Pay-Go? Isn’t that an Indonesian drink – Pooch Hooch?

batterup on April 24, 2012 at 12:24 PM

We pay as he goes.

Schadenfreude on April 24, 2012 at 12:24 PM

Wildly off-topic? Want to have some fun? Go to twitter and use the hashtag #occupythedoj to occupy the DOJ protest with calls for Holder to step down because of Fast and Furious. I’ve done its several times (@casuist) and I’m being retweeted by Occupiers themselves.

In other news, I will never, ever vote for Willard Romney.

casuist on April 24, 2012 at 12:27 PM

The only people who might expect them to fulfill their campaign promises, or to govern honestly, were never going to vote for them anyway, so why try to hide what they are doing?

Night Owl on April 24, 2012 at 12:28 PM

Pay-Go? Isn’t that an Indonesian drink – Pooch Hooch?

batterup on April 24, 2012 at 12:24 PM

Actually, it’s “Pocari Sweat”, made in Japan, sold in Indonesia.

Difficultas_Est_Imperium on April 24, 2012 at 12:29 PM

The road to Obamuh’s Marxist Utopia will always be paved with lies. Say what you think the people want to hear – but never let anything get in the way of Utopia.

Obama drives the bus down the 6-lane lie-way that leads to Taxatropolis.

BobMbx on April 24, 2012 at 12:34 PM

Pay-Go?

Oh, that’s some oriental guy down at 3rd and E St. Runs a restaurant.

GarandFan on April 24, 2012 at 12:36 PM

Why have Senate Democrats not passed a budget resolution in the past three years, as required by (a toothless) law?

Can someone PLEASE explain to me why it’s a toothless law? Why is the Senate not only flouting this law but getting away with it?

I can guarantee that if it was a Republican dominated Senate which was breaking the rules like this that Democrats would have done something about it- so why can’t Republicans?

What’s the point of having the law if there’s no way to enforce it? Whose responsibility is it to enforce it? Why aren’t they and what can be done about it?

If the Senate isn’t doing the one thing they’re legally required to do why are they still collecting their pay, expenses and benefits?

They work for the American people – and the are clearly failing in doing their jobs. Can’t they be punished or something?

Jay Mac on April 24, 2012 at 12:37 PM

Difficultas_Est_Imperium on April 24, 2012 at 12:29 PM

Indonesian gatoraide is made from dogs?
/

batterup on April 24, 2012 at 12:37 PM

In any type of budget your have a spending function and a payment function. Our elected body have mastered the “Spending Function” but have absolutely zero compulsion to “Pay the Debt” they have created.

PayGo is a term that has no bite in that there is no legal obligation the senate has to comply. Heck they haven’t even bothered coming up with even a proposed budget…. nor do they have any notion to “CUT or Slash any/all necessary and fraudulent government programs, grants, departments or anything else to get their fiscal house in order. Would not want to lose a bought and paid for voting block you know…. How much does the sale of a vote go for in today’s dollars?

Barack Husein Obama….. his ACTUAL record speaks volumes……There is not a single solitary fiscal plan he has ever proposed that we don’t get stuck with an additional trillion in debt added to the tab he already cannot justify or PAY AS HE GOES!

ActinUpinTexas on April 24, 2012 at 12:38 PM

I really don’t like him.

SouthernGent on April 24, 2012 at 12:38 PM

This reminds me of slick willie’s time in office: lie, deny, deflect, accuse your attacker.

Nothing is his fault, nothing is his responsibility, “I killed osama”, George Bush did it, those republicans won’t go along with me, their racist, they hate me, they will kill grandma if they get elected, on and on just like that punk kid in school who succeeded by kissing butt and blaming everyone for everything, except himself.

While the country works, the politicians work to spend our money. No social idea is without money attached. You want the facts? You want the truth? Follow the money.

Molonlabe2004 on April 24, 2012 at 12:44 PM

Do as I say, not what I…oh, never mind.

timberline on April 24, 2012 at 12:45 PM

Pay-Go ? Isn’t that a comic strip ?

See you at the debates Oliar.

FlaMurph on April 24, 2012 at 12:50 PM

Raw Data…

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm

Historical Debt Outstanding – Annual 2000 – 2010

Date ********** Dollar Amount
09/30/2010 ***** 13,561,623,030,891.79
09/30/2009 ***** 11,909,829,003,511.75
09/30/2008 ***** 10,024,724,896,912.49
09/30/2007 ***** 9,007,653,372,262.48
09/30/2006 ***** 8,506,973,899,215.23
09/30/2005 ***** 7,932,709,661,723.50
09/30/2004 ***** 7,379,052,696,330.32
09/30/2003 ***** 6,783,231,062,743.62
09/30/2002 ***** 6,228,235,965,597.16
09/30/2001 ***** 5,807,463,412,200.06
09/30/2000 ***** 5,674,178,209,886.86

ITguy on April 24, 2012 at 1:02 PM

Pay go was a plan to increase taxes, never to cut spending, except perhaps on defense. Oh and NASA.

Snake307 on April 24, 2012 at 1:03 PM

That, in Liberal (Commie) Doctrine is called “Taqiyya”, which means that a Liberal must say whatever is needed to achieve results that favor their Agenda (destroy America), regardless of the truthfulness of the statement. In order for this to work, an institution known as AuburnProbosciae must be solidly set in place. Said institution is composed of Authorized Journalists, Academia, and Qualified Art performers. It must also have foot soldiers, regulars composed of Union thugs, and irregulars composed of OWS Freeloader types plus those harvested by Community Organizers and Race baiters, who’d turn any event from a Rainbow (doesn’t carry black) to a black-hole into a polarizing opportunity along racial lines. You DO know how to recognize when BHO is telling lies, right?

mile66 on April 24, 2012 at 1:12 PM

Didn’t that happen in Colombia? Except someone didn’t want to pay for someone to go?

Nethicus on April 24, 2012 at 12:06 PM

That was Colombian hookers, who at least have the self-respect to ask to get paid.

The American kind wear Press badges and never even ask for payment. The coin of their realm is Access. When the elites grant it to them they feel they have been paid what they are worthy of. When it is denied them they self-critique, try harder and post notes to selves never to lose Access again.

Payment always leaves a trail that can be investigated. This Admin doesn’t want any trails leading anywhere–either in the past or the future.

rwenger43 on April 24, 2012 at 1:15 PM

Raw Data…

http://www.treasurydirect.gov/NP/BPDLogin?application=np

Home› Government › Reports › Public Debt Reports › Debt to the Penny

Do a search on 09/30/2011 through 03/31/2012

It doesn’t return data for 3/31/2012, but does for 3/30/2012.

Use 09/30/2011 as the debt outstanding at the end of FY 2011,
and use 3/30/2012 a the debt outstanding at the mid-year point of FY 2012. If nothing changes about Congressional spending from now to 9/30/2012, we can assume that the deficit accumulated for FY 2012 will be twice the amound of the deficit accumulated during the first half of FY 2012.

Date ** Debt Held by the Public ** Intragovernmental Holdings ** Total Public Debt Outstanding
09/30/2011 ** 10,127,031,384,654.10 ** 4,663,308,943,903.05 ** 14,790,340,328,557.15
03/30/2012 ** 10,846,824,546,943.15 ** 4,735,254,134,245.54 ** 15,582,078,681,188.69

Now use that Raw Data to do some estimating for FY 2012…

Deficit accumulated in the first half of FY 2012 =
Total Debt on 3/30/2012 – Total Debt on 9/30/2011 =
15,582,078,681,188.69 – 14,790,340,328,557.15 =
791,738,352,631.54

Estimated Deficit for FY 2012 =
2 * 791,738,352,631.54 =
1,583,476,705,263.08

Estimated Total Debt on 9/30/2012 at the close of FY 2012 =
Total Debt on 9/30/2011 at the close of FY 2011 + Estimated Deficit for FY 2012 =
14,790,340,328,557.15 + 1,583,476,705,263.08 =
16,373,817,033,820.23

ITguy on April 24, 2012 at 1:16 PM

Now combine the data from my last two comments.

Historical Debt Outstanding – Annual 2000 – 2012

Date ********** Dollar Amount
09/30/2012 ***** 16,373,817,033,820.23 (Extrapolated from first half FY 12)
09/30/2011 ***** 14,790,340,328,557.15
09/30/2010 ***** 13,561,623,030,891.79
09/30/2009 ***** 11,909,829,003,511.75
09/30/2008 ***** 10,024,724,896,912.49
09/30/2007 ***** 9,007,653,372,262.48
09/30/2006 ***** 8,506,973,899,215.23
09/30/2005 ***** 7,932,709,661,723.50
09/30/2004 ***** 7,379,052,696,330.32
09/30/2003 ***** 6,783,231,062,743.62
09/30/2002 ***** 6,228,235,965,597.16
09/30/2001 ***** 5,807,463,412,200.06
09/30/2000 ***** 5,674,178,209,886.86

ITguy on April 24, 2012 at 1:21 PM

Pay-go will lie dormant until February 1, 2013 at which point (God willing) we’ll have a change in POTUS and Senate leadership and then the MSM and Dems will collectively wake up, get a nice cup of coffee, shower, shave, and magically be concerned about it again.
Along with regulations, education spending, Medicare/Medicaid/SS insolvency, and just about everything they refuse to do anything about now.

smfic on April 24, 2012 at 1:28 PM

Why don’t we PAY Obama to GO? How about a one-way ticket to Colombia–rumor has it there are lots of nice women down there!

Steve Z on April 24, 2012 at 1:39 PM

Since pay-go was signed into law, and there are laws that state a budget must be passed I submit the following to fix the toothless part of the budget act.

“No federal employee that is elected to hold public office may be eligible for re-election if at any point during their term of office a budget is not approved by the legislature and executive branch in accordance with applicable laws.”

I know it would never pass, but how about slipping it in with something like child care or an education bill. Something that no Left-wing nutcase would dare vote against.

Freed0m28 on April 24, 2012 at 1:41 PM

One correction.

Since pay-go was signed into law, and there are laws that state a budget must be passed I submit the following to fix the toothless part of the budget act.

“No federal employee that is elected to hold public office as a part of the majority party may be eligible for re-election if at any point during their term of office a budget is not approved by the legislature and executive branch in accordance with applicable laws.”

I know it would never pass, but how about slipping it in with something like child care or an education bill. Something that no Left-wing nutcase would dare vote against.

Freed0m28 on April 24, 2012 at 1:45 PM

I’ll gladly pay $10 today if odumbo will GO and take the rest of his communist party with him….TODAY.

Wolfmoon on April 24, 2012 at 1:49 PM

Now take the debt outstanding at the end of one Fiscal Year and subtract from it the debt outstanding at the end of the prior Fiscal Year to see how much additional debt was accumulated in that Fiscal Year.

I call that the TRUE DEFICIT for that Fiscal Year. It is the bottom line number of how much new debt was added. Forget all of the other Washington, D.C. gimmicks… this is the real deal.

Also factor in which political party held a majority (2+ out of 3) of the three entities involved with budgets and spending: House, Senate, and Presidency.

The results are eye-opening…

———————————————————————————-
New Debt accumulated (i.e., the TRUE DEFICIT) per Fiscal Year
———————————————————————————-
Democrat-Majority Spending
Fiscal Year 2012 (10/1/2011 – 09/30/2012) *** $1,583 Billion ($1.583 TRILLION)
Fiscal Year 2011 (10/1/2010 – 09/30/2011) *** $1,229 Billion ($1.229 TRILLION)
Fiscal Year 2010 (10/1/2009 – 09/30/2010) *** $1,652 Billion ($1.652 TRILLION)
Fiscal Year 2009 (10/1/2008 – 09/30/2009) *** $1,885 Billion ($1.885 TRILLION)
Fiscal Year 2008 (10/1/2007 – 09/30/2008) *** $1,017 Billion ($1.017 TRILLION)
———————————————————————————-
Republican-Majority Spending
Fiscal Year 2007 (10/1/2006 – 09/30/2007) *** $501 Billion
Fiscal Year 2006 (10/1/2005 – 09/30/2006) *** $574 Billion
Fiscal Year 2005 (10/1/2004 – 09/30/2005) *** $554 Billion
Fiscal Year 2004 (10/1/2003 – 09/30/2004) *** $596 Billion
Fiscal Year 2003 (10/1/2002 – 09/30/2003) *** $555 Billion
Fiscal Year 2002 (10/1/2001 – 09/30/2002) *** $421 Billion
———————————————————————————-

ITguy on April 24, 2012 at 2:03 PM

————————————–

Average deficit spending under George W. Bush and majority-Republican spending, FY 2002 – 2007: $533 Billion

Average deficit spending under George W. Bush and majority-Democrat spending, FY 2008: $1,017 Billion ($1.017 TRILLION)

Average deficit spending under Barack Obama and majority-Democrat spending, FY 2009-2012: $1,587 Billion ($1.587 TRILLION)

————————————–

Deficit spending rates under Obama and the Democrat majority is nearly TRIPLE the deficit spending rate under Bush and the Republican majority.

$1,587 Billion / $533 Billion = 2.98 times as much deficit spending.

————————————–

Republican majority spending in FY 2002 – 2007 added a total of $3.2 Trillion to the total national debt over the course of 6 years.

Democrat majority spending in FY 2008 – FY 2012 is projected to add over $7.3 Trillion to the total national debt in just 5 years.

————————————–

STOP THE SPENDING!

ITguy on April 24, 2012 at 2:19 PM

Repeating for emphasis:

Deficit spending rates under Obama and the Democrat majority is nearly TRIPLE the deficit spending rate under Bush and the Republican majority.

ITguy on April 24, 2012 at 2:23 PM

Pelosi won the Democratic Congressional majority (and therefore her Speakership) in 2006 by attacking Bush and the Repubicans for their lack of fiscal discipline, and she promised that the Democrats would commit to Pay-Go and “no more defiict spending”.

The truth is that the Democrats didn’t end deficit spending… they TRIPLED it!

ITguy on April 24, 2012 at 2:25 PM

Why don’t we PAY Obama to GO? How about a one-way ticket to Colombia–rumor has it there are lots of nice women down there!

Steve Z on April 24, 2012 at 1:39 PM

I understand that little detail might be lost on this guy…

affenhauer on April 24, 2012 at 2:27 PM

NO Republican-majority deficit has ever reached $600 Billion. And the average of the 6 years of Republican-majority deficits under George W. Bush was $533 Billion.

In the last 5 years, EVERY Democrat-majority deficit has exceeded $1,000 Billion (over $1 TRILLION). And the average of the 4 years of Democrat-majority deficits under Barack Obama (2009-2012) has been $1,587 Billion.

There IS a difference between the parties. Both need to improve dramatically, but one is three times worse.

ITguy on April 24, 2012 at 2:35 PM

It’s kinda sad that a big government republican like G.W. Bush is considered a budget hawk when compared to the current administration and their cronies in congress.

Thank you ITguy for putting the numbers in such perspective for easy reference.

Freed0m28 on April 24, 2012 at 2:36 PM

I understand that little detail might be lost on this guy…

affenhauer on April 24, 2012 at 2:27 PM

Then how about we send him a one-way ticket to Chicago… rumor has it that he likes “Man’s Country” there…

ITguy on April 24, 2012 at 2:37 PM

Pelosi won the Democratic Congressional majority (and therefore her Speakership) in 2006 by attacking Bush and the Repubicans for their lack of fiscal discipline, and she promised that the Democrats would commit to Pay-Go and “no more defiict spending”.

Here is exactly what what Pelosi and the Democrats said and PROMISED in 2006…

Over the past decade, the Republican controlled Congress took our nation in the wrong direction. Too many Americans are paying a heavy price for those wrong choices: record costs for energy, health care and education; jobs shipped overseas; and budgets that heap record debt on our children. For millions, the middle-class dream has been replaced by a middle-class squeeze…

Democrats are proposing a New Direction for America…

With integrity, civility and fiscal discipline, our New Direction for America will use commonsense principles to address the aspirations and fulfill the hopes and dreams of all Americans. That is our promise to the American people….

Our federal budget should be a statement of our national values. One of those values is responsibility. Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore “Pay As You Go” budget discipline.

Budget discipline has been abandoned by the Bush Administration and its Republican congressional majorities. Congress under Republican control has turned a projected $5.6 trillion 10-year surplus at the end of the Clinton years into a nearly $3 trillion deficit– including the four worst deficits in the history of America. The nation’s debt ceiling has been raised four times in just five years to more than $8.9 trillion. Nearly half of our nation’s record debt is owned by foreign countries including China and Japan. Without a return to fiscal discipline, the foreign countries that make our computers, our clothing and our toys will soon be making our foreign policy. Deficit spending is not just a fiscal problem – it’s a national security issue as well.

Our New Direction is committed to “Pay As You Go” budgeting – no more deficit spending.

Did they do what they promised?

Did they end deficit spending?

No, they TRIPLED it!

Democrats complained in 2006 that Republicans had,in 6 years, racked up $3 trillion in deficits – including the four worst deficits in the history of America.

Well, in just the last 5 years, the Democrats have racked up over $7 trillion in deficits – including the FIVE worst deficits in the history of America. Give them 1 more year, and they’ll be close to $9 Billion in new debt on their watch.

$9 Billion in new debt on their watch… after promising that they were

committed to “Pay As You Go” budgeting – no more deficit spending.

ITguy on April 24, 2012 at 3:06 PM

The very end of that should say $9 TRILLION, not $9 Billion… I.E.,

Democrats complained in 2006 that Republicans had,in 6 years, racked up $3 trillion in deficits – including the four worst deficits in the history of America.

Well, in just the last 5 years, the Democrats have racked up over $7 trillion in deficits – including the FIVE worst deficits in the history of America. Give them 1 more year, and they’ll be close to $9 Trillion in new debt on their watch.

$9 Trillion in new debt on their watch… after promising that they were

committed to “Pay As You Go” budgeting – no more deficit spending.

ITguy on April 24, 2012 at 3:08 PM

It was actually supposed to be go-pay which was designed to enforce reckless taxpayers’ privilege of funding politicians’ fantasies. But that didn’t poll well. So they changed the name and concept to pay-go but kept with the prior intent.

And here we are today:-)

LetsBfrank on April 24, 2012 at 3:14 PM

Even though Democrats controlled both the House and Senate in 2007 and 2008, Obama wants to “Blame Bush” for the FY 2008 deficit, claiming that Bush added that over $1 Trillion Democrat-majority deficit “by his lonesome”.

In 6 fiscal years, from FY 2002 – 2007, Bush and the Republicans added $3.2 Trillion to the national debt.

In FY 2008, the Democrat majority added over $1 Trillion to the national debt in just one year. Bush should have vetoed it, but didn’t. The first half the TARP money came just before the end of the Fiscal Year (9/30/2008) and added to the deficit.

Obama voted for TARP. Yet, again, Obama thinks Bush added that debt “by his lonesome”.

Obama took the $3.2 Trillion Republican debt over 6 years, plus the $1 Trillion majority-Democrat debt over 1 year, and put the whole $4 Trillion blame on Bush…

The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

- Barack Obama

ITguy on April 24, 2012 at 3:22 PM

Let’s update that quote, why don’t we?

Total National Debt on 01/20/2009, the day Obama took office, and Democrats gained COMPLETE CONTROL of House, Senate, & Presidency:
$10.6 Trillion

Total National Debt on 4/20/2012:
$15.6 Trillion

The problem is, is that the way Obama has done it over the last 3 years and 3 months, is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $10.6 trillion for the first 43 presidents – #44 added $5 trillion by his lonesome, so that we now have over $15.6 trillion of debt that we are going to have to pay back — $50,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.

ITguy on April 24, 2012 at 3:26 PM

I think it’s sad that this thread is not generating more interest among HotAir readers.

This is the debt that will bring this once-strong Republic to its knees.

And the Democrats are exposed as being the liars that they are. They promised fiscal discipline. They promised Pay-Go. They promised “no more deficit spending”. Then they won control in 2006, greater, near un-stoppable control in 2008, and have created the five worst deficits in the history of America.

This is such an easy thing to demonstrate, using the Treasury’s own debt numbers.

Boehner and the rest of the Republicans are fools if they don’t speak about this at every opportunity.

Anyone who wants even a hope of fiscal discipline needs to know that their only hope is from Tea Party conservatives. Not Democrats. And not establishment Republicans.

ITguy on April 24, 2012 at 3:36 PM

The Dem-controlled Senate has not produced a budget for three years because there is always an election around the corner, and the good old boys in the club don’t want any record of how they vote.

onlineanalyst on April 24, 2012 at 5:01 PM

Democrats took majority control of the House, Senate, and overall budgeting and spending process on January 3, 2007.

The end of the last Republican-majority budget and Fiscal Year was the end of FY 2007 on 09/30/2007.

The total national debt on that day, 09/30/2007, was:
$9,007,653,372,262.48 ($9.007 Trillion)

EVERY PENNY OF DEBT ACCUMULTATED SINCE THEN HAS COME AS THE RESULT OF A DEMOCRAT MAJORITY.

Our total national debt as of 04/23/2012 is:
$15,620,174,049,560.23

The Democrats have already added over $6.6 Trillion to the national debt in just over 4.5 years.

Their current pace has them on track to:
1) pass $16.3 Trillion by 09/30/2012,
2) pass $16.8 Trillion by 01/20/2013, and
3) pass $17.9 Trillion by 09/30/2013

Unless the Republicans find the backbone to reject any future debt limit increases, the Democrats will have taken the TOTAL NATIONAL DEBT that from $9 Trillion to almost $18 Trillion in just SIX YEARS.

They’ve tripled the rate of deficit spending, and they will double our total Debt in the six years from 09/30/2007 to 09/30/2013.

ITguy on April 24, 2012 at 5:30 PM

Nancy Pelosi’s new direction

ITguy on April 24, 2012 at 6:38 PM

Pelosi Lied

ITguy on April 24, 2012 at 7:07 PM

Breitbart was right – the media is the enemy.

Transpo on April 24, 2012 at 12:07 PM

…and ITguy has been reminding us how much of an enemy!

KOOLAID2 on April 24, 2012 at 7:59 PM

After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

- New Speaker Nancy Pelosi, 01/04/2007

On that day, 01/04/2007, the day that Nancy Pelosi became Speaker of the House, the Total Public Debt Outstanding was: $8,670,596,242,973.04

$8.67 Trillion

Pelosi promised that “After years of historic deficits”, the Democrats who now controlled both the House and the Senate in the 110th Congress would commit themselves “to a higher standard: pay-as-you-go, no new deficit spending”.

They promised not to burden future generations “with mountains of debt”.

Budgeting and spending have been under majority-Democrat control since January 4, 2007. Since then, the Democrats have burdened future generations “with mountains of debt”.

The Total Public Debt Outstanding is now over $15.62 Trillion.

In mere days from now, the total national debt will exceed $15.67 Trillion, and the Democrats will have increased the total national debt by over $7 Trillion dollars since they took majority control and promised “no new deficit spending”.

ITguy on April 25, 2012 at 11:44 AM

Even if you switch from looking at the data from Pelosi’s first day as Speaker to the first day of her first Fiscal Year budget, September 1, 2007, the numbers aren’t good.

ITguy on April 25, 2012 at 12:13 PM

FACTS:

Republican majority spending in FY 2002 – 2007 added a total of $3.2 Trillion to the total national debt over the course of 6 years.

Democrat majority spending in FY 2008 – first half FY 2012 has already added over $6.5 Trillion to the total national debt over the course of 4.5 years.

ITguy on April 25, 2012 at 12:14 PM