Obama says new budget rules will rein in spending

[Peacetrain]

This morning we caught Fox News for about 10 minutes and they were saying that Republicans are greater spenders than Democrats. My husband pinched himself, and asked if he were awake or dreaming,, did he actually see that admission on Fox New :)


http://news.yahoo.com/s/ap/us_obama

WASHINGTON – President Barack Obama said Saturday new budget rules that say spending cuts must accompany spending increases will force Congress to "pay for what it spends, just like everybody else."

Obama signed a bill Friday reinstating budget rules known as "paygo" — short for "pay as you go."

In place during the 1990s, the rules helped create balanced budgets and surpluses. Obama blames eliminating them for creating much of the $1.3 trillion deficit he faced upon taking office in January 2009 and for a total debt of $8 trillion projected over the next decade.

[Cha]

1. Ye-Ah!

"In place during the 1990s, the rules helped create balanced budgets and surpluses. Obama blames eliminating them for creating much of the $1.3 trillion deficit he faced upon taking office in January 2009 and for a total debt of $8 trillion projected over the next decade."

bush got whatever done bc they didn't pay for it..they spent money like it wasn't any of their concern..let someone else worry about it.

Well, those people are in the White House NOW.

[Peacetrain]

3. He is going to bury the republicans with their own message

:)

[JVS]

10. And all we have to do is suffer through those policies! Yippee!

[Dr.Phool]

2. No,

Two unfunded Bush tax cuts, two unfunded wars, and the unfunded Medicare Part D, did more to create debt and deficits, than anything else.

We need more revenues. Not social spending cuts.

[Ishoutandscream2]

4. Agreed. Roll back the Bush tax cuts, bring our troops home

We need the social spending safety nets, or we're really toast.

[Peacetrain]

5. I am all for taxing and funding medicare part D

It is a massive unfunded drain on the budget with a give away to the pharma. so we would not buy cheaper drugs from Canada (who I trust by the way) like the military does.. or even to rework that portion.

I am all over that.

Democrats have always gotten a bad rap, because we do pay for our bills.. the republicans just charge it and wait for us to try and clean up the mess, whining the whole time

[depakid]

11. I'm NOT -at least not so long as the government is by law getting ripped off by PhARMA

It's insane for the federal government not to wield its collective buying power.

[Ishoutandscream2]

6. Off topic, but see you're a dog lover

That deserves a heart.

[Dr.Phool]

8. Thank you. This is my new one.

Sara, Queen of the Loveseat. 5 1/2 month old Lab mix from a rescued litter up in Georgia. She replaced my 13 year old Fudd.

[Ishoutandscream2]

9. That's a precious baby.

We've rescued two. It would be nice if we could do more, but with three kids as well, the house is pretty crazy right now.

[Kdillard]

7. Fox having a moment of honesty color me shocked. Glad Pres. Obama

Moved on pay go.

[Cha]

12. Yeah, I see the stupid republicons don't like this, either.