Excuse me? “Deficit we inherited?”

Washington, Mar 3 - President Obama and Congressional Democrats have repeatedly claimed they “inherited” the massive deficits plaguing our budgets. Yet a look back at the year in taxpayer-funded bailouts, stimulus, and backstops shows just how unconcerned they are by skyrocketing deficits.So, please, spare us the false outrage.

Deficit Spending
Democrat Opposition? Not Quite

Feb. 13, 2008 – The first “stimulus” bill, H.R. 5140, became law, putting checks in the mail.
215 House Democrats (93%) voted to add $124.4 billion to the deficit (CBO). Senator Obama did not show up to vote.

July 30, 2008 – H.R. 3221 became law, allowing the government to insure $300 billion in mortgage loans. 227 House Democrats (96%) voted to add $24.9 billion to the deficit (CBO). Senator Obama expressed support but did not show up to vote.

Oct. 3, 2008 – H.R. 1424 became law, authorizing $700 billion for TARP. 172 House Democrats (73%) and Senator Obama voted to bailout Wall Street with $700 billion (CBO).

Dec. 10, 2008 – The House passed H.R. 7321 to bail out automakers. When it did not pass the Senate, the Treasury provided a bailout with very similar terms. 205 House Democrats (87%) voted to spend $16.168 billion (CBO) with President-elect Obama’s full support.

Feb. 17, 2009 – The non-stimulus bill, H.R. 1, became law, spending $787 billion on long-time Democrat priorities and pseudo tax relief for non-taxpayers. 246 House Democrats (96%) voted to add $787 billion to the deficit (CBO) with President Obama’s full support.

Feb. 25, 2009 – H.R. 1105 passed the House of Representatives, spending $410 billion on a pork-laden omnibus bill that gave big increases to existing government programs. 229 House Democrats (91%) voted to spend $410 billion with President Obama’s full support. Sphere: Related Content