Not Quite There, He Couldn't Double Up on The Chimp :-{

President Obama a surplus - how disappointing!!!

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/09/30	$ 1,298,614
2004/09/30	$ 412,553			2012/09/30	$ 1,089,353
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 4,701,951

This leaves President Obama only $2.2 Trillion or so ahead of Bush's former deficit record.  All he needed was $0.3 Trillion to double BusHitler.  Another war or peacekeeping mission would have done it.  Well, it should still be possible for President Obama to double Chimpy Bush during his term - whether reelected or not.  He has at least four months to accomplish that lofty goal.  There is still hope!!!

Anyway, here is the chart of President Obama's singular accomplishment:

Now, you may wonder why I present deficits in Green.  Easy.  That seems to be the money maker for President Obama.  

As an eye test, can anyone see the affect of taxing the 1% at President Obama's proposed rate.  It's hard, but if you squint real hard you can see it.  Especially in the revenue since last years revenue basically falls on a grid line.  Squint and feel the power of that very necessary tax increase.  But, keep your eyes off the silly little red lines.  Don't look there.

Last comment, I'm certainly happy President Obama has yet to present and pass a budget.  That restrained him to spending at his FY2009 level.  Bubba, if you don't pass a budget you must use Continuing Resolutions.  Those limit your grandest to the prior spending levels - adjusted to inflation at the most.  Lucky for President Obama that he got a cool Trillion in stimulus and bloat incorporated into FY2009 spending.  Yea!!!

He Can Do It If He Tries!!!

If anyone can do it, President Obama can.

Can anyone run $5 Trillion dollars in deficit in just one term.  In three words, "Yes He Can":

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/09/30	$ 1,298,614
2004/09/30	$ 412,553			2012/08/31	$ 1,164,372
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 4,776,970

It is definitely a long shot, but it is possible.  He has blown out last years numbers with a consistency that is absolutely amazing.

There is hope...

There is no change...

And, for further viewing pleasure:

I Have Confidence in the Black Swan!!!

Can he do it folks, can he do it!!!

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/09/30	$ 1,298,614
2004/09/30	$ 412,553			2012/07/31	$  973,840
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 4,586,438

Folks, we have a President that can do a DOUBLE on President Bush's largess.  There has been Change, and there is Hope!!!  And, for a visual explanation:

I have included in this chart the projected FY2012 total - AND to be fair, I have shown the dramatic improvement in the deficit had President Obama's Top 2% Tax Increase taken affect in FY2012.  What a relief!!!

Federal Revenue\Spending\Deficits as of 2012\07\29

Re(1):  "HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): White House projects $1.2T deficit, lower economic growth in 2012. Do you think Obama would have won in 2008 if he’d promised these sorts of economic numbers?", Instapundit, Glenn Reynolds


To All,

The proposed tax increase on the Top 2% will generate about $70 Billion per year if the rich do not adjust their finances to remediate against the increase. Thus, the $70 Billion is a best case scenario. Here is a Federal Revenue/Spending/Deficit chart from FY1996 through June of FY2012 (There are three months left in FY2012 with a best deficit estimate of -$1.2 Trillion):

I could not even freehand the affect of an additional $70 Billion in revenue. The FY1998 surplus was actually $70 Billion - see the green bar for how much that affects things...


This is a joke, and a bad one at that.  Tell me again, President Black Swan, how you have marshaled all your efforts to reducing the deficit.  I see nothing on that front.

The only way to resolve this mess is to cut spending to FY2007 inflation adjusted, and then initiate a wide band tax increase till we close the gap. The tax increase is necessary because we absolutely have to pay for the recent largess. However, I will not freely accept a tax increase unless it is something everyone pays into (no credits and no write-offs) and only after I see real and substantial cuts. I have not seen ANY real and substantial cuts.

And, I can watch you

Hello Again...

Time for the semi-scheduled comparison of massive deficit growth under the 'best' and 'runner up' Presidents in American history!!!

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/09/30	$ 1,298,614
2004/09/30	$ 412,553			2012/05/31	$  844,494
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 4,457,092

Wow, folks, those are big numbers!!!

Again, for those on the Left, I DO NOT use budget numbers - which has been impossible over President Obama's Presidency because no budget has been passed.  I use actual spending numbers from the Monthly Treasury Statement.  Those numbers include the war costs for both Deficit Finalists!!!

Anyway, there recently has been some goober who claims that President Bush is responsible for the massive growth in government in FY2009.  This chap even includes stuff Bush refused to sign!!!  That is quite some scholarship there bubba.

But, lets be kinda dumb about it and figure that Bush would have funded all of Obama's initiative for FY2009.  Even given that, Obama still leads Bush by a little less than $1 Billion.  And, Obama has accomplished that feat in less than a single term.  Bush is a piker!!!

Government in Action

Re(1):  'State paid $22K each for Internet routers', The Charleston Gazette, Chip Ellis

The sales agents recommended a smaller router -- with a list price of $487.

Here is the ONLY reason for buying and installing a router capable of supporting thousands of connections at a   site of four client machines...

Because requesting, justifying, ordering, and buying equipment via baroque government purchasing processes is so inefficient that it subsumes the cost savings of right-sizing the purchase.

For example, if it takes two years to properly size, request, justify, order, and install the gear it might be more efficient to initiate the process quickly and simplify the purchase.  Oops, it took these goobers two years to buy and install the wrong gear.  Yowser...

What Happens After the Black???

Re(1):  'Deer in the Headlights', The Belmont Club, Richard Fernandez

In the movies the credits roll.

Federal Revenue and Spending Since FY1997

Now, a few points

• A Fiscal Year for the Federal Government is from October 1 through September 30.  Thus, FY2009 ranges from 2008/10/01 through 2009/09/30.  President Bush is responsible for part of FY2009.  His expected spending as of January 2009 was $3.133 Trillion.  President Obama must assume the additional $387 Billion for FY2009 as a result of his spending programs.
• Note how structural the spending under President Obama is.  This is not pure stimulus.  It is structural, expected, and 'budgeted'.  His structural spending increase is at least $600 Billion.  Can we afford that?
• And, note how slowly revenue growth is trending upward.  We could afford Obama's structural spending if revenue was growing as rapidly as occurred during either the Clinton or Bush presidencies.  It has not, however.

Why invest - and thus grow the economy - if the gains are taxed away?  Why take the risk?

Every year since President Obama became president he has threatened to increase dividend taxes.  Why should an investor want - and thus a corporation generate - dividend income when there is a chance of vastly increased taxation?  And, for the Libs out there, corporations must pay dividends with AFTER TAX profits.  Thus, viola, businesses just move a number here and an expense there - resulting in less profit.  I don't want heavily taxed dividends.

With President Obama's dividend tax treatment I no longer want dividends - I want capital gains.  As a result, and because I am a prophet of the obvious, here comes Enron II as corporations game the stock price...


Yowser

President Obama's Reality Based Reality

The annual deficit seems to be accelerating.

 To be honest, there is a chance that the biggest revenue month of the year (April) will initiate a time of budget surpluses - but me not think so. My best guess is that this April will be worse than last April... Yowser, why don't we threaten personal and business income with more expenses and taxes!!! Yea, that's the ticket... 

Anyway, here is reality for the reality based community...

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/09/30	$ 1,298,614
2004/09/30	$ 412,553			2012/03/30	$  778,988
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 4,391,586

While not funny, note that President Obama's six months of deficit for FY2012 is 188% of President Bush's worst twelve month deficit.

And, for you Libs, by the time you vote for President Obama he will have doubled the entire Bush deficit is a mere four years.  Keep up the good work.  Pretty soon nobody will loan you clowns cash - it will be then fun to watch what you cut!!!

Yowser...