“President Obama has accomplished more in 30 days than any president in modern history,” a senior White House official said today in a background briefing.

WASHINGTON – President Barack Obama charted a dramatic new course for the nation Thursday [...] accompanied by an astonishing $1.75 trillion federal deficit [for the year] that would be nearly four times the highest in history and 12% of GDP.

http://news.yahoo.com/s/ap/20090226/ap_on_go_pr_wh/obama_budget

The deficit is expected to remain around $1 trillion for the next two years before starting to decline to $533 billion in 2013, according to budget projections.

http://www.breitbart.com/article.php?id=D96J7CT83&show_article=1

Of course, budget projections are almost always understated and revised upward. Karl Denninger at MarketTicker thinks the deficit for next year will be $2 Trillion

http://market-ticker.denninger.net/

A Primer on Modern Accrual Accounting Methods and the true deficit: $65 Trillion

http://www.c-spanarchives.org/congress/?q=node/77531&id=7446106

Taking a little trip down memory lane to 2004:

On Feb 27, 2004 FactCheck.Org responded to a statement by John Kerry regarding Bush’s $500 Billion annual deficit:

Biggest Deficit in History? Yes. And No.

Half a trillion dollars is the most ever, but several others have been worse relative to the size of the economy.

Summary

John Kerry said Feb. 26, 2004 that Bush’s budget deficit is “the largest in history.” But by the most important measure that’s not quite true.
This year the deficit is projected to be in the neighborhood of half a trillion dollars, a record. That’s 4.5% of the entire economy, a figure large enough to worry Alan Greenspan and others concerned about a drag on future economic growth. But it was even higher in both the Reagan administration and in the term of Bush’s father.

The federal deficit for fiscal year 2004 (which ends Sept. 30) is projected by the President’s Office of Management and Budget to be $521 billion. The Congressional Budget Office is predicting a somewhat lower total of $477 billion. But either would easily exceed the previous record deficit of $375 billion set last year. That in turn broke the previous record of $290 billion, which was reached under Bush’s father in 1992

Footnote: The biggest deficits by far — measured as a percentage of the economy — came during World War II. In 1943 the deficit was $54.3 billion — which today would amount to little more than rounding error. But back then it amounted to more than 30% of the wartime economy. Nothing since the war years has come close.

More:

http://www.factcheck.org/elections-2004/biggest_deficit_in_history_yes_and_no.html

Obama has made a lot of promises. But he’s overstating what he can accomplish:

http://www.factcheck.org/politics/stimulus_bill_bravado.html

As for the speech it was awful. The O never says anything substantive in a speech. He is afraid he will get caught with his pants down around his ankles later!

Of course, everyone knows how deregulation along with Enron worked CA over.

Hopefully there are no deregulation schemes in that stimulus package. At this point, I assume nothing with Dems or Reps, because both sides have pushed it in various states.

…looks like you can find a way to defend your guy no matter what.

That might be because you’re seeing my responses in a setting where the majority find ways of relentlessly attacking him, regardless of what he says or does. Perhaps the forum name reveals much about what one should expect here. How many know what the phrase “no quarter” implies?

you mention dead soldiers and foreign civilians. odds are very high that your guy will cause the deaths of many more soldiers and foreign civilians through his inept handling of pakistan, iran, afghanistan, north korea, and wherever he else he decides to screw up.

in addition to the deaths of soldiers and foreign civilians that he will directly cause, odds are very high that he will indirectly cause the deaths of many thousands of americans when we are repeatedly attacked by those who know weakness when they see it. and that’s not even taking into account the additional weakness cause by his multi-trillion dollar spending sprees that will make us financially unable to defend ourselves.

it seems clear that you believe the bull you’ve been fed, so don’t expect you to agree. sadly, some only recognize danger when it’s too late to do anything about it.

Bush’s yearly deficits were basically money pissed away. How much was invested in the nation’s infractruture and its economic future?

I see little resemblance at all between the two men and their policies.

Found this on Michelle Malkin, she even published copies of checks, etc.
http://tinyurl.com/awb7jd

In case the link doesn’t work I saw something about Google and tinyurl’s in the headlines, but never read the article. If you go to her website, you click on archives, then February, this article:
The Chinagate/Buddhist temple cash skeletons in Gary Locke’s closet

http://www.aip.org/tip/INPHFA/vol-9/iss-5/p8.html

Grid upgrade is needed even if we stuck to fossil fuel power generation or opted for new nuclear plants. We’ve let things get very marginal there, just as we’ve neglected the nation’s dams and bridges.

Just a thought.