PRESIDENT OBAMA: By the time I took office, we had a one year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade. Most of this was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program. On top of that, the effects of the recession put a $3 trillion hole in our budget. All this was before I walked in the door.
After all, on March 14, 2008, then Sen. Obama voted in favor of the 2009 budget which authorized $3.1 trillion in federal outlays along with a projected $400 billion deficit. The 51-44 vote that morning was strongly along party lines with only two Republicans saying "Yes."
When the final conference report was presented to the House on June 5, not one Republican voted for it.
This means the 2009 budget was almost exclusively approved by Democrats, with "Yeas" coming from current President then Sen. Obama, his current Vice President then Sen. Joe Biden, his current Chief of Staff then Rep. Rahm Emanuel, and his current Secretary of State then Sen. Hillary Clinton.
How is this possibly something that happened before Obama "walked in the door" when his Party ramrodded the original budget through Congress with virtually no Republican approval -- save Bush's signature, of course -- and the highest members of the current Administration -- including the president himself!!! -- supported it when they were either in the Senate or the House?
Sadly, Obama-loving media care not to address this inconvenient truth.
Obama Statement on the Senate's Passage of the FY 2009 Budget
Washington DC -- Sen. Obama today released a statement on the Senate's passage of the FY 2009 Federal Budget:
"In Illinois and throughout the country, Americans share common hopes and common struggles. They are worried about keeping their jobs and being able to pay record gas prices and stay ahead of their mortgages and credit card bills and still have enough left over to make ends meet. They want to know that they'll have health care when they get sick - not just for themselves, but for their children and elderly parents. They want to know that a quality education and a college degree are within reach for all Americans. They want to retire with security and dignity. And they want to know that our government is doing everything it can to keep our nation safe and secure.
"The budget passed by the Senate tonight makes significant progress in getting our nation's priorities back on track. After years of the Bush tax cuts for the wealthiest Americans, this year's budget helps restore fiscal responsibility in Washington, and provides tax relief for the middle class and low-income families who need help most. It includes an expansion in the Child Tax Credit that I have fought for and makes marriage penalty relief permanent. And it rejects the President's drastic cuts in important domestic programs.
"We need change in this country, and this budget is an important step in helping bring it about. I commend Chairman Conrad for his extraordinary leadership in moving this resolution forward and moving America's fiscal policies in the right direction."
Hmmm. Now two years later, he's blaming Bush for the deficit it caused!