Green Room

Democrat budget’s smallest deficit: $407 Billion

posted at 10:10 am on March 14, 2013 by

Ed’s already covered the $500 billion tax hike surprise buried inside the Reid/Murray budget.  It’s also worth noting that their blueprint’s purported “spending cuts” entail hundreds of billions in phony war “savings.” Basically, they exploit the CBO baseline — which, by protocol, must include the unrealistic assumption that war expenditures will continue at the present level for the next ten years.  The Democrats claim eight years of illusory “cuts” derived from not earmarking dollars for Afghanistan that were never going to be spent anyway.  But even with all of the tax hikes and smoke-and-mirrors cuts factored in, this budget never even approaches balance.  The closest it comes is a $407 billion annual deficit in 2016, according to sources on the Senate Budget Committee.  That number then creeps higher throughout the remainder of the budget window.  Over at Townhall, I put those figures into perspective:

Based on their own numbers, the closest Democrats say they’ll come to balancing the budget over the next ten years is in 2016, when they project an annual deficit of $407 billion.  By contrast, Ryan’s budget crosses into surplus in 2023, and pushes annual deficits below the $100 billion threshold seven times in ten years.  Another point of reference: President Bush’s average annual deficit was $250 billion (although it can be fairly argued that he deserves a share of 2009′s monster shortfall), so Senate Democrats’ best expected deficit is still more than $150 billion higher than Bush’s average. Also, for the record, the last time a Republican Congress and a Republican president passed a budget (FY 2007), the deficit was $161 billion, even with two active wars at their peak.

Overall, Democrats propose spending ~$46.4 Trillion over the next ten years, nearly $5 trillion more than the GOP plan calls for, and hundreds of billions more than our current bloated path.

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And according to past commercials by MOveon.org,anydeficit in excess of $250Billion will require children to enterthe work place.

WashJeff on March 14, 2013 at 11:24 AM

And keep in mind that the Fiscal Year deficit that Pelosi and Reid “inhereted” on January 3, 2007 (for FY 2007) was LESS THAN $161 BILLION.

Pelosi and Reid rougly tripled deficit spending in their first budget (FY 2008) and then rougly tripled deficit spending AGAIN in their second budget (FY 2009) and have been running $1T+ deficits each and every year since.

ITguy on March 14, 2013 at 11:42 AM

Sorry, Guy, I hadn’t fully read this before commenting:

President Bush’s average annual deficit was $250 billion (although it can be fairly argued that he deserves a share of 2009′s monster shortfall), so Senate Democrats’ best expected deficit is still more than $150 billion higher than Bush’s average. Also, for the record, the last time a Republican Congress and a Republican president passed a budget (FY 2007), the deficit was $161 billion, even with two active wars at their peak.

Bush’s responsibility is that he didn’t veto TARP, he didn’t veto the Democrats’ Continuing resolution for the first half of FY 2009 spending, and he requested the 2nd half of the TARP money when Obama asked him to a week before leaving office (so Obama got the money but Bush go the blame).

Bush is not responsible for Porkulus, Cash for Clunkers, or signing the FY 2009 budget (Obama did all of that).

Deficits were shrinking in FY 2005, 2006, and 2007. Then the Dems took control of the House and Senate and deficits roughly tripled in 2008 and roughly tripled again in FY 2009. Dems want desperately to blame all FY 2009 deficit spending on Bush and hten set FY 2009 as a baseline.

ITguy on March 14, 2013 at 11:50 AM

At any point in time, one party will control a majority (2+ out of 3) of the spending and budgeting entities:
1) The House
2) The Senate
3) The Presidency

For Fiscal Years 1996-2007, Republicans held majority control of passing the budget, and the total national debt increased $4 Trillion (from $5T to $9T) over the course of those 12 years.

For Fiscal Years 2008-2013, Democrats held majority control of passing the budget, and by the end of FY 2013, the total national debt will have increased more than $8 Trillion (from $9T to over $17T) over the course of those 6 years.

Democrats will have added more than twice the amount of debt in half the amount of time. I.E., Democrats are deficit spending at a rate more than FOUR TIMES BIGGER than the rate at which Republicans deficit spent.

ITguy on March 14, 2013 at 11:56 AM

And according to past commercials by MOveon.org,anydeficit in excess of $250Billion will require children to enterthe work place.

WashJeff on March 14, 2013 at 11:24 AM

I have a couple of kids desperately seeking to enter the work force.

krome on March 14, 2013 at 1:28 PM

…i n s a n e…!!!

KOOLAID2 on March 14, 2013 at 2:46 PM

I have a couple of kids desperately seeking to enter the work force.

krome on March 14, 2013 at 1:28 PM

I have people telling me to mow lawns or shovel snow since nowhere is hiring. I keep having to tell them that people are in such dire straits that even retirement-aged homeowners are going it themselves. Besides being bad news for me, it’s pretty fricking heartbreaking on occasion.

MelonCollie on March 14, 2013 at 8:49 PM