He's Slipping!!!

President Obama's administration is proving that they are good stewards of your government's funds.  The deficit has dropped $6 Billion since March.

Behold!!!

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			2013/04/30	$    487,594
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:	$ 5,189,545

If this Administration continues to amaze me by reducing the FY2013 deficit by $6 Billion a month we will ONLY have an annual deficit of $457 Billion.  

Take that you Bush Monkey Voters.

Except, that is still more than any of the BushMonkeyWhacker deficits.  Any of them.

But it is a start!!!

Obama 'The Great'

Amazing...

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			2013/02/28	$    493,954
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:	$ 5,195,905

It might be hard to fathom, but the Obama Administration borrows more in half a year than BushMcChimp's worst year.  And, remember children, April Fools Day is 'Budget and Financial Management Day'!!!

And, folks, don't worry about that crappy employment number and all the LOPS (Low Output People) leaving the workforce for the golden fields of welfare returns!!!

Obama Constantine XI's New Constantinople

Re(1): 'The Siege of Merimna', The Belmont Club, Richard Fernandez
Re(2): '1453', Richard Crowley

I hope Wretchard and I never write as bitter, as futile, as final a post as that of Sphrantzes after the fall of Constantinople:

I am George Sphrantzes the pitiful First Lord of the Imperial Wardrobe, presently known by the monastic name Gregory. I wrote the following account of the events that occurred during my wretched life. It would have been fine for me not to have been born or to have perished in childhood. Since this did not happen, let it be known that I was born on Tuesday, August 30, 1401."

But, Wretchard seems to think the time is near. The Barbarians are at the gate. Regretfully, it is a convincing argument. I can only envy his abode in Australia - so very far from the epic fiasco of a turning point that we Americans seem so destined to live through.

And now in the first months of 2013 the probes are coming the other way.  Too many provocations which once would have drawn a vigorous response from Washington are now completely unanswered. The mighty US government, which once ruled by the power of its reputation alone  seems inert and strangely immobile. Almost as if it were sleeping — or worse.

...

It is a vacuum everywhere. The US government is being treated like a toothless, contemptible thing. It is easy to see why.

...

But there can be no joy in this collapse even among the President’s worst political opponents. The weakness has exposed everyone who relies on the US for leadership and stability to great and proximate danger.  For the challenges are certain to pick in pace as the hyenas converge from every point of the compass. All across the world people are wondering: what is holding the tent roof up? 

However, Mr. Fernandez, the echo of power and greatness may yet give us the space and time to recover from our weakness.  I know we have no money, a declining military, and an embarrassment of a State Department  but we need only look a half decade past to realize a potential future of a half decade hence.

If we survived Carter I we can survive Carter II.

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