Teh Won lied. Or, to be kind, he's just friggin' clueless. Take your choice.
In the following, the 'assertion' is what Hensarling charged at the Pubbie retreat--and what B. Hussein SAID was untrue. Too bad that the facts coincide precisely with what Hensarling said, eh?
Assertion: “The Republicans proposed a (Fiscal Year 2010) budget that ensured that government did not grow beyond the historical standard of 20% of GDP.”
FACT: Under the budget proposal put forward by House Republicans, spending as a percent of GDP is 20.7% of GDP in 2015, and in 10 years is at 20.7% of GDP. Source: House Budget Committee Republicans "The Path to American Prosperity" Budget Alternative, Table S-1 http://www.house.gov/budget_republicans/press/2007/pr20090401_gopbudget.pdf. Historical standard is 20.7% of GDP.
...Assertion: “It spent $5 trillion less than what was ultimately enacted into law.”
FACT: The House Republican budget called for $36.913 trillion in spending over 10 years, whereas CBO estimated in March that the President’s budget would spend $41.726 trillion over 10 years. This is a difference of $4.813 trillion over a 10 year period.
...Assertion: “What were the old annual deficits under Republicans have now become the monthly deficits under Democrats.”FACT: According to CBO's September 2009 Monthly Budget Review http://www.cbo.gov/ftpdocs/105xx/doc10552/09-08-mbr.htm, July 2009’s deficit was $181 billion. According to CBO’s December 2009 Monthly Budget Review http://www.cbo.gov/ftpdocs/108xx/doc10825/12-4-09MBR.htm, October 2009’s deficit was $176 billion. Comparatively, according to OMB’s Historical Tables (Table 1.1) http://www.whitehouse.gov/omb/budget/Historicals/, Republicans’ last annual deficit was $160.7 billion in FY2007.
According to CBO’s January Monthly Budget Review http://www.cbo.gov/ftpdocs/108xx/doc10869/December2009MBR.pdf, in the first 3 months of FY2010 (October-December 2009) alone, Democrats have run up a deficit of about $390 billion - $22.7 billion shy of the GOP’s worst annual deficit.
Well, those are all real big numbers, B. Hussein. Maybe pictures would help you.