[Eagle of Liberty]

“This isn’t something that happened yesterday, we’ve been fighting this for a couple years,” Reid added.

Senator Reid's Track Record on Spending:

FY 2008:
Revenue - $2524 Billion
Spending - $2982 Billion
Surplus or Deficit - $458 Billion DEFICIT

FY 2009:
Revenue - $2105 Billion
Spending - $3518 Billion
Surplus or Deficit - $1413 Billion DEFICIT

FY 2010:
Revenue - $2163 Billion
Spending - $3456 Billion
Surplus or Deficit - $1293 Billion DEFICIT

FY 2011:
Revenue - $2304 Billion
Spending - $3603 Billion
Surplus or Deficit - $1299 Billion DEFICIT

So over those four years of Pelosi and Reid's Congressional Leadership, they signed off on $4463 BILLION of money that we did not have! They did this right in the middle of a recession. The most outlandish numbers? In FY 2009, we took in $2105 BILLION (The lowest amount since 2004). We KNEW this number, yet we spent $3518 BILLION!!! And NOW we need to "raise revenue" to reverse our situation? NO! All "raising more revenue" will do is provide an excuse for spending even more!!!

We currently have baseline budgeting which means whatever SPENDING was for the previous year, that is where the budget STARTS for the next year. I would be for one of two things to happen immediately.

1) Do away with baseline budgeting

2) At least use REVENUE instead of SPENDING for the baseline with a maximum of a 10% deficit.

[DaveA37]

“You Guys Have an Obligation to Report’ that Democrats Are Right”...

Reid “isn’t right”, and he’s a crook, thief and liar to boot.

[SoldierDad]

FY 2009: Revenue - $2105 Billion Spending - $3518 Billion Surplus or Deficit - $1413 Billion DEFICIT

I'm not understanding the use of the word "Billion" here. That deficit above is 1.413 TRILLION. The total deficit over those four years is 4.463 TRILLION. IMO, using the denomination of BILLION significantly underscores the actual amounts that were spent above the revenue received.