President Obama and Congressional Democrats have repeatedly claimed they "inherited" the massive deficits plaguing our budgets. Yet a look back at the year in taxpayer-funded bailouts, stimulus, and backstops shows just how unconcerned they are by skyrocketing deficits.
So, please, spare us the false outrage.
Deficit Spending Democrat Opposition? Not Quite
Feb. 13, 2008 - The first "stimulus" bill, H.R. 5140, became law, putting checks in the mail.
215 House Democrats (93%) voted to add $124.4 billion to the deficit (CBO). Senator Obama did not show up to vote.
July 30, 2008 - H.R. 3221 became law, allowing the government to insure $300 billion in mortgage loans.
227 House Democrats (96%) voted to add $24.9 billion to the deficit (CBO). Senator Obama expressed support but did not show up to vote.
Oct. 3, 2008 - H.R. 1424 became law, authorizing $700 billion for TARP.
172 House Democrats (73%) and Senator Obama voted to bailout Wall Street with $700 billion (CBO).
Dec. 10, 2008 - The House passed H.R. 7321 to bail out automakers. When it did not pass the Senate, the Treasury provided a bailout with very similar terms.
205 House Democrats (87%) voted to spend $16.168 billion (CBO) with President-elect Obama's full support.
Feb. 17, 2009 - The non-stimulus bill, H.R. 1, became law, spending $787 billion on long-time Democrat priorities and pseudo tax relief for non-taxpayers.
246 House Democrats (96%) voted to add $787 billion to the deficit (CBO) with President Obama's full support.
Feb. 25, 2009 - H.R. 1105 passed the House of Representatives, spending $410 billion on a pork-laden omnibus bill that gave big increases to existing government programs.
229 House Democrats (91%) voted to spend $410 billion with President Obama's full support.
LOL
Democrats will own this tax & spend failure for years to come..
So, please, spare us the false outrage.
Deficit Spending Democrat Opposition? Not Quite
Feb. 13, 2008 - The first "stimulus" bill, H.R. 5140, became law, putting checks in the mail.
215 House Democrats (93%) voted to add $124.4 billion to the deficit (CBO). Senator Obama did not show up to vote.
July 30, 2008 - H.R. 3221 became law, allowing the government to insure $300 billion in mortgage loans.
227 House Democrats (96%) voted to add $24.9 billion to the deficit (CBO). Senator Obama expressed support but did not show up to vote.
Oct. 3, 2008 - H.R. 1424 became law, authorizing $700 billion for TARP.
172 House Democrats (73%) and Senator Obama voted to bailout Wall Street with $700 billion (CBO).
Dec. 10, 2008 - The House passed H.R. 7321 to bail out automakers. When it did not pass the Senate, the Treasury provided a bailout with very similar terms.
205 House Democrats (87%) voted to spend $16.168 billion (CBO) with President-elect Obama's full support.
Feb. 17, 2009 - The non-stimulus bill, H.R. 1, became law, spending $787 billion on long-time Democrat priorities and pseudo tax relief for non-taxpayers.
246 House Democrats (96%) voted to add $787 billion to the deficit (CBO) with President Obama's full support.
Feb. 25, 2009 - H.R. 1105 passed the House of Representatives, spending $410 billion on a pork-laden omnibus bill that gave big increases to existing government programs.
229 House Democrats (91%) voted to spend $410 billion with President Obama's full support.
LOL
Democrats will own this tax & spend failure for years to come..