For FY 2009 though, Nancy Pelosi and Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets. And where was Barack Obama during this time? He was a member of that very Congress that passed these massive spending bills and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period: If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets. If Obama inherited anything, he inherited it from himself.
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Thursday, December 9, 2010
A Look At The Obama Stimulus
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