2008 Campaign Promise : “Barack Obama will restore fiscal discipline to Washington”

Captured from BarackObama.com – June 13, 2009 – before it was removed.

Barack Obama will restore fiscal discipline to Washington:
Obama and Biden review the federal budget line by line and eliminate programs that don’t work or are unnecessary.

The Problem
Increasing Debt: Under President Bush, the federal debt has increased from $5.7 trillion to $8.8 trillion, an increase of more than 50 percent.

Barack Obama and Joe Biden’s Plan
Restore Fiscal Discipline to Washington
*Reinstate PAYGO Rules: Obama and Biden believe that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO)
budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue.

Barack Obama and Joe Biden’s Record
* PAYGO: Obama voted in 2005, 2006, and 2007 to reinstate pay-as-you-go federal budget rules.
* Against Raising the Federal Debt Limit: In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit at the same time the Republicans were pushing through massive debt-financed tax cuts for the wealthy.

So how did he do with those promises?



About stevengoddard

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7 Responses to 2008 Campaign Promise : “Barack Obama will restore fiscal discipline to Washington”

  1. truthsword says:

    Legacy. My home stater former President Carter is no longer worst Presidnet EVAH! Yay Obama!

  2. Scarlet Pumpernickel says:

    Don’t worry James Cameron in his 7 bathroom house will come and save the day for USA http://www.bing.com/maps/default.aspx?v=2&cp=pp7389538jxb&style=o&lvl=2&tilt=-90&dir=0&alt=-1000&scene=6965742&encType=1 just cut your lifestyle just like him

  3. Leon Brozyna says:

    Done in two years what it took Bush nearly 8 years to accomplish. Yes we can!

  4. Byz says:

    If you invade Switzerland you can sort out the Debt 🙂

    Plus all the Chocolate you can eat (the real kind not that US rubbish), actually you could also get “Real cheese” not that American cheese tasting thing that you get in the US 🙂

  5. James Sexton says:

    Here’s something I never thought I’d see, …..from MSNBC!


    It actually gives Bush credit for creating jobs and criticizes B.O. for taking the credit.!
    Also, read the story and check how much wind energy is being sold to utilities for!

  6. John Silver says:

    Hey yanks, you’re bankrupt and your government is nuts.
    I think I’ll start a “Paddle drive for America”. You need ’em.
    You’re up there.

  7. m white says:

    I wonder how much interest they pay on that every year?

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