Wednesday, March 18, 2015

Boehner supports the Republican Budget with information which does not add up.

http://www.politicususa.com/2015/03/18/john-boehners-defense-gop-budget-pure-fiction-lies-called-pure.html

John Boehner has done it again, defending the Republican budget by making a Bartonian foray into speculative fiction.

But Boehner makes several claims that are not backed up by the facts. First a little background (inflation adjusted figures from the White House Office of Management and Budget):
  • The United States had budget deficits from 1970 through 1997;
  • This period includes deficits under Republicans presidents: 5 out of 6 years of the Nixon presidency, the entire Gerald R. Ford presidency, every year of both terms of Ronald Reagan’s presidency, and George H.W. Bush’s entire four year term in office;
  • In 1998, under President Bill Clinton, the United States experienced a surplus of +100.58 billion;
  • With Clinton still as president, this was followed by surpluses in 1999, 2000, and 2001 (+178.41, +325.17, +170.19 billion);
  • With Republican George W. Bush in office, the United States experienced a budget deficit in 2002 and every year of his presidency that followed;
  • In 2008, Bush followed his tax breaks and expensive wars by destroying the American economy, and that of the world;
  • From 2009 till 2012 the U.S. had large deficits as a direct consequence of the 2008 Crash;
  • In 2013, the deficit was half of what it was in 2012 (-691.06 vs. -1134.02 billion);
  • In September 2014, Obama truthfully points out he has cut the deficit by more than half;
  • In October 2014, the Treasury Department and Office of Management and Budget announced that the 2014 deficit as a percentage of GDP has reached its smallest point since 2007 at $483 billion, which also happens to be below the average deficit of the last 40 years.
  • In 2014, the deficit was -492 billion, almost a third of 2012’s deficit;
  • In February 2015, Obama told Republicans, truthfully as can be seen, “Since I took office, we’ve cut the deficit by about two-thirds.”

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