You really cannot admit reality with this guy. AND, once again, try to change the subject and avoid the topic of the thread that you refuse to address yet just go and dig yet another hole. Let me know if you would like more or if your just going to ignore all these sources too.
Here is the simple facts about his statements in 2006 compared to now:
http://beforeitsnews.com/story/341/216/Barack_Obama_Is_Against_Raising_The_Debt_Ceiling.html
The interesting part of Obama's statement above though, is it was made in a Senate Floor speech in March of 2006 when the issue was raising the debt ceiling to $9 trillion, versus where it stands now at $14.3 trillion and now Obama is President and the shoe is on the other foot.
Just how many times does someone need to find this deficit information for you? It's not like you'll believe it anyway. You're going to live in your fantasy land and keep supporting this guy. BTW, his budget also does not include the full price of the wars, and most estimates don't inclue the cost of the health care 'reform' package. (And yes, Hairy, I know some of these reference the deficit and some of these the debt).
http://www.washingtontimes.com/news/2010/apr/6/obamas-deficit-deception/Obamacare, in fact, does not save money. The belief that it does is based on a last-minute analysis from the Congressional Budget Office before the legislation was passed that found that the new health law would reduce the federal deficit by $138 billion over 10 years. But CBO calculations were based on 10 years of revenues under the plan and just six years of expenditures. A straight-up balance sheet shows the plan adding $114 billion annually to the national debt by 2020. CBO now reports that the student loan nationalization slipped into the health care legislation will add an additional $52 billion in debt by the end of the decade.
On March 24, the day after the president signed Obamacare into law, CBO released an analysis of the president's latest budget proposal. The numbers are sobering. The lowest annual deficit will be $724 billion in 2014, and the red ink will rise every year thereafter. Net interest payments will nearly triple from 1.4 percent of gross domestic product in 2010 to 4.1 percent in 2020. Interest payments alone will consume $5.6 trillion this decade.
The Obama budget adds $12.8 trillion to public debt between 2009 and 2020, growing from $7.5 trillion to $20.3 trillion. The current, very high 63 percent ratio of debt to GDP will rise to an unsustainable 90 percent by the end of the decade and is expected to soar to more than 100 percent in later years. So while Mr. Obama claims to be concerned about deficits, he is in fact driving the United States to international pauper status.
It's no wonder that the president attempts to portray himself as some kind of deficit hawk. Polling indicates that the swiftly mounting national debt is a leading issue going into the 2010 election season. The Obama administration routinely asserts that these were problems the O Force inherited, even though final CBO estimates of projected debt from the George W. Bush administration were much lower, and the base line debt assumptions are raised consistently with each new estimate. Most shocking, the current dire numbers are based on the belief that the economy will recover quickly and fully from its present woes. If the Obama team's rosy scenarios do not come to pass, these record peacetime deficits will grow even higher.
http://www.cnsnews.com/node/72404
In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.
The CBO predicted this week that the annual budget deficit for fiscal 2010, which ends on the last day of this month, will exceed $1.3 trillion. The first two fiscal years in which Obama has served will see the two biggest federal deficits as a percentage of Gross Domestic Product since the end of World War II. “CBO currently estimates that the deficit for 2010 will be about $70 billion below last year’s total but will still exceed $1.3 trillion,” said the CBO’s monthly budget review for September, which was released yesterday. “Relative to the size of the economy, this year’s deficit is expected to be the second-largest shortfall in the past 65 years
http://washingtonexaminer.com/politics/2009/02/obamas-trillions-dwarf-bushs-dangerous-spending
Back in 2006, when Democrats were hoping to win control of the House and Senate, party leaders worked themselves into a righteous outrage over the issue of out-of-control federal spending. Rep. Nancy Pelosi, D-Calif., called the Republican budget “irresponsible” and “unpatriotic” because it increased the amount of U.S. debt held by foreign countries. Sen. Harry Reid, D-Nev., accused Republicans of going on “an unprecedented and dangerous borrowing spree” and declared GOP leadership “the most fiscally irresponsible in the history of our country … no other president or Congress even comes close.”
But a check of historical tables compiled by the Office of Management and Budget shows that the spending that so distressed Pelosi and Reid seems downright modest today. After beginning with a Clinton-era surplus of $128 billion in fiscal year 2001, the Bush administration racked up deficits of $158 billion in 2002, $378 billion in 2003, $413 billion in 2004, $318 billion in 2005, $248 billion in 2006, $162 billion in 2007, and $410 billion in 2008.
The current administration would kill to have such small numbers. President Barack Obama is unveiling his budget this week, and, in addition to the inherited Bush deficit, he’s adding his own spending at an astonishing pace, projecting annual deficits well beyond $1 trillion in the near future, and, in the rosiest possible scenario, a $533 billion deficit in fiscal year 2013, the last year of Obama’s first term.
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/05/AR2010030502974.html
The CBO and the White House are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion this year -- a post-World War II record at 10.3 percent of the overall economy -- and $1.3 trillion in 2011. But the CBO is considerably less optimistic about future years, predicting that deficits would never fall below 4 percent of the economy under Obama's policies and would begin to grow rapidly after 2015. Deficits of that magnitude would force the Treasury to continue borrowing at prodigious rates, sending the national debt soaring to 90 percent of the economy by 2020, the CBO said. Interest payments on the debt would also skyrocket by $800 billion over the same period.
