Stutistics Episode 4: Obama’s Budget vs Reality Part Two

Last month, I showed you that Obama has definitely not kept his promises to stop running up the credit card

Oops. On GBTV, we aired the same video again by mistake. Technical difficulties, we apologize (unlike Obama for the terrible state of the economy). Lucky for you, you can watch Part Two right here.

Part Two addresses the deficit blame game.

Let’s concede the blame and give Obama a break. We place all the blame for the worst of the financial crisis on Bush, even though he wasn’t still president.   What do Obama’s numbers look like then?  This is one of our pilot episodes, and is just a freeze in time from an ever changing financial prognosis, but smart people run the numbers, and we just tell you about them

  • http://pulse.yahoo.com/_63M2KSGFVZEDMJQMO2BB7EX47M Gert B Frobe

    Good rule of thumb is to keep your eye on Bernanke and his consistent persistence in wanting another stimulus, although a horrible idea, a very clear understanding of the interest rates that aren’t sustainable to create growth in this country.  The irony of this would be to have the FED actually acknowledge that they serve nothing to the American people but only to empower the government with a monetary alternative to print money instead of CUTTING f’ing spending.

  • http://twitter.com/MonicaRBailey Monica R. Bailey

    This is one of our pilot episodes, and is just a freeze in time from an ever changing financial prognosis, but smart people run the numbers, and we just tell you about them.http://SpringtoFuture5.blogspot.com

  • http://youtu.be/0iRCvDwF26Q Rahm Kota

    You that would be easy to understand but a lot of people still follow Obama blindly off a cliff.

  • http://profile.yahoo.com/IMIT6FDFMUDB33QUR4TULRT5AM Michele

    I’M HOPING FOR CHANGE!!!!!!

  • http://www.facebook.com/people/Erik-Osbun/100001215333702 Erik Osbun

    The facts of the “Obama budget.”

  • Anonymous

    Not long ago the self-admitted Marxist/communist Van Jones accused the Bush administration of acting like crack addicts in that they kept demanding, “…a little more, just a little more, just a little bit more…” 

    Now who is it that is demanding a LOT more, sort of like a crack addict on steroids?

    There is not enough money on the entire planet to satisfy Obama’s lust for cash and power, as responsible adults we must perform an intervention this Nov. 6th and tell him that his time is up.

  • Anonymous

     I like your post so much I wish I could “Like” it twice.  Thanks for your insight.

  • http://twitter.com/SlapHappySid Spenser Flitton

    These are interesting numbers, but I would love to have a reference or a source to where these numbers are coming from. It will help me a lot. Thanks!

  • greywolfrs

    Why would anyone in their right mind believe a damn thing Obamao says? Why would anyone believe his numbers? Oh, my bad, the dumbed-down idjits from the left wing education system would.

    The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

    Obamao, the ultimate hypocrite.

  • greywolfrs

    Excpet you are wrong, the Federal Reserve is owned by private bankers. That system allows those private bankers to fleece  ALL Americans, so they make more money. Thanks a lot Wilson, you jackass.

  • http://www.facebook.com/people/Victor-Tiffany/100001320367593 Victor Tiffany

    It’s not deficits; it’s tax policy. Reagan/Bush set the middle class back by undermining progressive taxation. We have decline in middle class because of tax policy, and that will not get better until the “extra” money people have is taxed at a rate that pays for wars, services, infrastructure and other gov’t functions. That rate needs to float depending upon the economy. Sometimes the supply side needs funding; sometimes the demand side needs funding. This period is the latter! People need jobs; gov’t needs $. 

    The wealthy stash their money, like Mendacious Mitt, offshore to the tune of trillions and trillions. That’s not creating American jobs. It’s collecting tax free interest.

    We’re NOT broke!
    http://readersupportednews.org/opinion2/279-82/12664-national-debt-no-such-thing  

  • Sunshine Kid

     Keep at ‘em, greywolfrs!  Numb as they are, maybe something will get through!

  • Sunshine Kid

     Ok, discontinue war and services like welfare and free stuff paid for by taxation.

  • VindicatorX

    Like most leftwits you have missed the point – it is the excessive spending and corruption. A good amount of what is wrong with Federal finances is they always spend more than they have, and that is because of the way they spend the money they are given via appropriations. Each year’s budget is based on the last, so being cost effective isn’t the focus. Instead, departments blow any surplus, spending in fear of being given less funding the following year.

    We are beyond broke, and that is the point you and your lefty left leftists miss. The country can’t afford to keep on escalating spending – cuts are needed, and corruption eliminated, we are out of money and that is why we have a national debt nearing 16 Trillion.

    You can’t spend your way out of debt. That is what this administration has been trying to do.

    This country has had a deficit for seventy years. Eventually something has to be done about the waste and corruption.

    Democrats don’t know how to do that.

    Mormons are noted for their good stewardship, it is a concept basic to Mormonism. We’ve had a spendthrift President and Congress too many times, perhaps it is time to instill some stewardship.

  • http://twitter.com/RubyJoh66902864 Ruby&Johnson

    The irony of this would be to have the FED actually acknowledge that they serve nothing to the American people but only to empower the government with a monetary alternative to print money instead of CUTTING f’ing spending. http://FinancialMayor.blogspot.com

  • Anonymous

    By Obama’s own standards, in his own words, Obama is calling himself irresponsible and unpatriotic.

    http://www.youtube.com/watch?v=zUPZJDBJI84

  • Anonymous

     The Federal Reserve isn’t owned by private bankers, it is essentially a group of banks owned by shareholders but is actually a board representing those shareholder owned banks whom the government has granted the authority to manage the country’s monetary policy, the chairperson this board is appointed by the President. If they fleece the American people, and I am not saying that they don’t, it is with the permission of the President–who is now Obama. 

  • Guest

    So, how much is enough? And how do you explain the idea that even if you took all the money of the wealthy – not just taxed it, but flat out took it all, that it still wouldn’t be enough to eliminate the debt?

  • greywolfrs

    Hey stupid, it’s not a revenue problem, it’s a spending problem. The Feds took in about 2.2 trillion last year, that is more than enough if they only spent money on the specific powers granted to them by the Constitution. Welfare, HUD, WIC, Food Stamps and supporting illegals is NOT Constitutional. You are another dunce that thinks double taxation is a great idea, never realizing that it is ILLEGAL. Once taxes are paid on money, they can not go back and tax “extra money.” You are one dumb MF er, if you didn’t have a rubber spine, you would starve.

  • greywolfrs

    I doubt it, they need to be hit in the head with a brick.

  • greywolfrs

    So, it is owned by private bankers, with the permission of the Feds and the head is appointed by the president. Considering these crooks that own these banks are people like the Rothschilds, Morgans, Rockefellers and their ilk and are changing us interest on every dollar we use, they are fleecing the American people and getting rich in the process, with the consent of the president and Congress.

  • Guest

    “Each year’s budget is based on the last…”   Except that the Senate hasn’t passed a budget in 3 years. That’s a big problem often overlooked.

  • Guest

    And Valerie Jarret has millions stashed in Bermuda. Did you figure her stash in with that “trillions and trillions” that you pulled out of thin air?

  • Sandie

    It’s not tax policy, it’s SPENDING POLICY ! You liberal spendthrifts are too myopic to get the reality picture.

    Do you really think that Mitt is the only one in government with money overseas? They all have money overseas. So? create a climate where they will keep it here!

  • Sandie

    Absolutely.

  • Sunshine Kid

    *I’ll loan you my anvil!
    *

  • Anonymous

    “extra” money people have is taxed at a rate that pays for “infrastructure”,

    why the heck you think we have a tax on gasoline? that tax is suppose to be used for the infrastructure that you want us to be extra taxed for !!!!!

  • VindicatorX

    Thanks!

  • http://pulse.yahoo.com/_EMV5MPGVUMQW6KDA5DKUPMZQEQ JHOWA

    we are in this spot because the government wants us right were we are at.
    i think congress needs to be sent home , without pay.

  • http://PalinsDirtyLittleSecret.blogspot.com/ FedsMadeSarahPalinClick4Proof

    It’s official, Obama’s the worst president in history!

  • VindicatorX

    Yes, it is. The plan they use is to make the various agencies get by with emergency measures that they have passed in place of a legitimate budget.

    And the Democrats wonder why the public’s opinion of Congress is and has been at an all time low for about three years now. They will give themselves raises but not do anything about doing their primary responsibilities.

    They should all be fired and their retirement packages declared null and void.

  • Anonymous

    I completely agree that Obama’s budget is terrible. I can’t really think of anything I agree with Obama on except for the need for a college football playoff system. However, the Romney/Ryan budget is also ludicrous. 

    Paul Ryan’s budget won’t balance the budget for 20-30 years, and he’s the conservative one! Even in his plan, he makes unrealistic assumptions that inflation, interest rates, and unemployment will all trend toward historically low levels. That is not possible, and those bad assumptions are going to lead to massive debt! Romney/Ryan are not serious about cutting spending. Even if Republicans win in November, we have to plan that Democrats will eventually come back in power. That is why we have to be more serious about cutting entitlements and war spending. If Republicans are running bad deficits in 2013-2016, you can bet that the Democrats will run bigger deficits next time around.

    I support Dr. Ron Paul, but there are other people like him that are running for president. Don’t believe the lies that voting for someone besides Romney/Obama is a waste of your vote! Convince your friends that support Obama to make a stand with you!

  • http://pulse.yahoo.com/_63M2KSGFVZEDMJQMO2BB7EX47M Gert B Frobe

    Stick to the point I was making.  It is a fact that the head chairperson can recommend a reduction in rate, dictate policy and request a flood of extra capital into the market.  I could care less who is on the board or who owns it because Bernanke has the President’s ear thus a main influence.  I do agree that Wilson made this assumption that the FED would enact a security blanket to guard against a massive devaluing of our dollar to preserve our economy when all it did was empower the government to spend, ironically devaluing our dollar in the process and reducing our borrowing power in REAL currency that was produced and not printed.  THAT was my point in regards to the issue and not some self important garbage you took it for.

  • http://pulse.yahoo.com/_63M2KSGFVZEDMJQMO2BB7EX47M Gert B Frobe

     I do agree that banks are collaborating with the government to serve one another’s interest.  Ending the FED would be a majority of Congress and the consent of the White House to no longer delegate any authority to one group or one person to set an agenda on how lending and interest rates are handled.  Essentially, the government would have to consult with large banks INSTEAD OF directing them.  Eliminate QE and allow all banks to compete across the board for business without government mandates that set forth the collapse with sub prime lending during the Clinton administration.  You would see a spike in value to the dollar which would assist in our standing with international commerce and eliminate the threat of the Chinese currency taking over as the common exchange currency. 

  • greywolfrs

    I guess that was my point, put in more simplistic terms. The Feds should not be out-sourcing our currency. Of course they would have to consult with the banks and many things, but in the end, letting them have the control of our monetary system is a MAJOR mistake.

  • greywolfrs

    First, when one realizes who the bankers are and just exactly who is behind most of our politicians, you will come the conclusion that they are one in the same. The moment the Federal Reserve Act was passed, it put our currency in the hands of the private bankers, the same people buying most of our politicians. I was not disagreeing with your point, but more expanding on it.

  • http://twitter.com/Margaritae3 Margaritae

    like Chad responded I’m impressed that any one can get paid $8262 in a few weeks on the network. have you look this(Click on menu Home)

  • http://twitter.com/Margaritae3 Margaritae


    goo.gl/4DW5l

  • http://www.facebook.com/people/Perry-Wall/100002811879244 Perry Wall

    even if you tax the rich like obama wants to ,that is only $70 billon more that is like 2 weeks what the government spends.They have to cut spending ,get out of these wars get our troops out of these 150 countries ,every department has huge waste .we need a president that will go through every department and cut out the waste ,and do away with programs that are useless ,and go to a flat or fair tax.my sister in law has 1 child she gets back $5000.00 a year that is more than she pays in fed taxes a year ,just look at the people like that in the usa.This tax code is a way to buy votes

  • http://www.facebook.com/people/Perry-Wall/100002811879244 Perry Wall

    amen

  • Anonymous

    tinyurl.com/cyk9xz2

  • Anonymous

     Yes the majority of the wealthy like to hoard there money and screw as many people as they can out of there money.Human society has worked like that since the beginning.But the problem here is Obama’s Communist plan that takes almost every single penny from the people and redistributes it to a certain class a liberal super rich therefore eliminating any way the American people can choose a life for themselves and prosper financially at all. Society will then have to be completely Government controlled because of horrific crimes people will commit for food and drugs.They will decide who will starve by there liking,who they will euthanize,and which person in Government that you will worship for your food and vodka. So in other words if you support Obama’s policy’s your not only a enemy to all your brother mankind.You also are a enemy to the Creator who will not have Governments and Liberal people trying to play the part of God.  Do yourself a favor and get knowledge somehow.

  • http://PalinsDirtyLittleSecret.blogspot.com/ FedsMadeSarahPalinClick4Proof

     We have no president, no democracy, no freedom of press after unelected officials staged a coup and took over the media. The truth is being buried in Psy-ops comments and disinformation. The link in my name exposes what no one can report on, the truth.

  • Anonymous

    That is the absolutely terrifying part about it right there Rahm…..People aren’t even researching what HASN’T been done or that he says whatever, who he is speaking to that day, wants to hear!  Contradiction, empty promises, absolute hypocrisy….what part of that are they not understanding!?!?  Or is it simply that they don’t want to listen….because as I was told yesterday, because he is a “colored” president.  Wow, I never knew how ignorant Americans could be until this clown got into office.  Romney is being bashed for not wanting to focus on his tax records but doesn’t anyone remember how long it too Obama to even bother to produce a BIRTH CERTIFICATE!? Oh yeah, we just had to subpoena his records even though he was already given this position without it.  Not to mention the numerous trips, way out of control spending, complete waste of resources, disregard for American policies…..he wrote it all in his book but people don’t even bother to read that for the truth.  There is a movie coming out regarding his true agenda but I personally think that he’s already showed us one of his main ones.  To spend the United States into the biggest hole in history and he’s already managed to succeed in that in less the one term.  We should all be on our knees praying to the only one that can truly help us out of this situation, and that is GOD.  Not the one who has appointed himself ruler and God of all in the White House.  He will be put in his place all in good time.  Keep your chins up, get people out to vote and try to educate people in the small amount of time that we have.  Ryan already called him out on the double obligating of funds and stealing from Medicare funds in order to fund him Obamacare.  Lies, deception and misdirect…that is the way this administration rolls.  PLEASE lets start a real hope and change by getting them OUT of our white house and back to wherever they came from…..

  • Anonymous

    Or as obama put it “the buck stops with you” he wont take responsibility for anything.

  • http://www.facebook.com/people/Irina-Krasnyuk/745534442 Irina Krasnyuk

    Towers of Oz- rosy numbers.

  • Anonymous

    Maybe Obama could enlighten us on his new GODLESS AMERICA that his fellow Democrats find so intriguing

  • Anonymous

    I will try to watch the convention tonight but may have to mute the sound when Obama is speaking.

  • http://pulse.yahoo.com/_KIRZSBSOQWEIGNURVTKR37LIGQ GMiller
  • Sandie

    Obama-ectomy time.

  • greywolfrs

    WOW! You are one dumb M F er, vicki. Tax polixies like the “tax cuts” Obamao has signed, TWICE? You mean those? And don’t start talking about Republicans doing anything, the first time he signed the extention, he had a majority in the house and senate. You can not “tax” extra money, you fucking dolt. Once taxes are paid on that money, that’s it. That would be double taxation, which is ILLEGAL, you dumb M F er. The 18.5 cents we pat per gallon of gas is for infrastructure, where is that money? Wars? That comes out of the taxes we pay and is Constitutional. Here’s an idea, how about we cut the Feds back to the few powers granted to them by the Constitution and drop everything else. You want more taxes? How about we repeal NAFTA and start charging tariffs again, there’s your taxes.
    By the way, there are plebty of Democraps “stashing money over seas and collecting tax free interest.”
    You are idiot of the highest order.