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An Obama Spending Spree? Hardly
- Thread starter Free Thinker
- Start date
Quote from Free Thinker:
A dominant theme of the national political discourse has been the crushing spending spree the U.S. has ostensibly embarked on during the Obama presidency. That argument, ignited by Republicans and picked up by many elite opinion makers, has infused the national dialogue and shaped the public debate in nearly every major budget battle of the last thee years.
But the numbers tell a different story.
The fact that the national debt has risen from $10.6 trillion to $15.6 trillion under Obamaâs watch makes for easy partisan attacks. But the vast bulk of the increase was caused by a combination of revenue losses due to the 2008-09 economic downturn as well as Bush-era tax cuts and automatic increases in safety-net spending that were already written into law.
Obamaâs policies, including the much-criticized stimulus package, have caused the slowest increase in federal spending of any president in almost 60 nears, according to data compiled by the financial news service MarketWatch.
http://tpmdc.talkingpointsmemo.com/...g-stimulus-budget-historic-trends.php?ref=fpb
When are you going to stop mentioning Bush as a religious chant? Truly Ironic that you cannot see that you are holding onto Obamaism like some kind of divine truth.
There is even a deeper level of dishonesty here. 2009 was Obama's budget. There was not a FY 2009 budget (Oct. 1 2008 - Oct. 1 2009) signed into law until March 12, 2009 by one Barack Hussein Obama. This was after he defended TARP on the senate floor AND THEN tacked on stimulus.
Clever eh?, tack on stimulus into the 2009 budget which Obama himself signed into law, keep subsequent years level but at insanely high deficits (therefore small percent changes), then call it Bush's budget. It only works on the stupid, but then again there are a lot of stupid voters.
Clever eh?, tack on stimulus into the 2009 budget which Obama himself signed into law, keep subsequent years level but at insanely high deficits (therefore small percent changes), then call it Bush's budget. It only works on the stupid, but then again there are a lot of stupid voters.
oh for fucks sake, what is the first article I see in Yahoo news?
http://news.yahoo.com/president-oba...ebts-im-not-234658455--abc-news-politics.html
what a goddamn liar, all of them should be in prison just like a CEO lying to shareholders
http://news.yahoo.com/president-oba...ebts-im-not-234658455--abc-news-politics.html
what a goddamn liar, all of them should be in prison just like a CEO lying to shareholders
COLORADO SPRINGS, Colo. - At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending.
"I'm running to pay down our debt in a way that's balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I've been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that."
Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.
"Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace - slower than at any time in nearly 60 years," Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm
Had further thoughts, I am disturbed by this.
I expect the democrat half-wits to do their thing like the author of the article and all the democrat commenters below it talking out their ass without knowing anything... the president of the United States is publicly not taking responsibility for the budget he signed into law . The utter lack of responsibility and honesty by the guy in charge, it's chilling, and the Chris Matthews types will whiz down their leg over 'the truth'
I expect the democrat half-wits to do their thing like the author of the article and all the democrat commenters below it talking out their ass without knowing anything... the president of the United States is publicly not taking responsibility for the budget he signed into law . The utter lack of responsibility and honesty by the guy in charge, it's chilling, and the Chris Matthews types will whiz down their leg over 'the truth'
you should probably be more disturbed about your lack of reading comprehension ability:Quote from Mav88:
Had further thoughts, I am disturbed by this.
"But the vast bulk of the increase was caused by a combination of revenue losses due to the 2008-09 economic downturn as well as Bush-era tax cuts and automatic increases in safety-net spending that were already written into law."
Quote from Mav88:
Had further thoughts, I am disturbed by this.
I expect the democrat half-wits to do their thing like the author of the article and all the democrat commenters below it talking out their ass without knowing anything... the president of the United States is publicly not taking responsibility for the budget he signed into law . The utter lack of responsibility and honesty by the guy in charge, it's chilling, and the Chris Matthews types will whiz down their leg over 'the truth'
It's funny watching liberals all over the internet openly admitting how fucking stoopid they are.
you should probably be more disturbed about your lack of reading comprehension ability:
"But the vast bulk of the increase was caused by a combination of revenue losses due to the 2008-09 economic downturn as well as Bush-era tax cuts and automatic increases in safety-net spending that were already written into law."
You know 'freethinker', most any idiot can, and does, 'think freely', but most cannot think critically. You swallowed that assholes conclusions without thinking about it, didn't you? You still are quoting a man whose central argument was just refuted. That makes your politics religion-like, you have effectively become a closed minded non-thinker.
Examine the changes between FY2008 (Bush) and FY 2009 (OBAMA, say that again, FY2009 was signed by Barack Obama). The man is lying again.
In FY 2008 the deficit was an 'unsustainable' according to democrats $454B. In FY2009 it was $1.413 Trillion. So where did the $1T come from? About $400B was a drop in revenue, about $110B would have been mandatory increases had Bush's budget been passed (see the request item FY2009 change from 2008)
So that leaves $500B extra firmly in the lap of Barack Obama, his stimulus and TARP. 'Vast bulk' my ass, stimulus increases in medicaid 'written into law', what a bunch of not-even-subtle bullshit.
Just do me a favor, stop pretending that democrats are somehow smarter.
sources: http://en.wikipedia.org/wiki/2008_United_States_federal_budget
http://en.wikipedia.org/wiki/2009_United_States_federal_budget
http://en.wikipedia.org/wiki/2010_United_States_federal_budget
http://www.usgovernmentrevenue.com/total
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
edited to add: and furthermore stop with the 'bush era tax cuts' shit. Demos could have reversed them and didn't, and they ADDED to tax cuts in the stimulus. So just shut up about tax cuts.
It's funny watching liberals all over the internet openly admitting how fucking stoopid they are.
It's not funny anymore, the president using their bullshit on the campaign trail to avoid responsibility, and he probably has deluded himself into believing it being the self absorbed guy he is. I would not have cared but it appears this lie some sort of talking point that the left is going to use.
It is mind boggling that anyone could try to claim they are more intelligent than someone else in the same breath they say that Obama is supposedly a fiscal conservative.....
Quote from Mav88:
You know 'freethinker', most any idiot can, and does, 'think freely', but most cannot think critically. You swallowed that assholes conclusions without thinking about it, didn't you? You still are quoting a man whose central argument was just refuted. That makes your politics religion-like, you have effectively become a closed minded non-thinker.
Examine the changes between FY2008 (Bush) and FY 2009 (OBAMA, say that again, FY2009 was signed by Barack Obama). The man is lying again.
In FY 2008 the deficit was an 'unsustainable' according to democrats $454B. In FY2009 it was $1.413 Trillion. So where did the $1T come from? About $400B was a drop in revenue, about $110B would have been mandatory increases had Bush's budget been passed (see the request item FY2009 change from 2008)
So that leaves $500B extra firmly in the lap of Barack Obama, his stimulus and TARP. 'Vast bulk' my ass, stimulus increases in medicaid 'written into law', what a bunch of not-even-subtle bullshit.
Just do me a favor, stop pretending that democrats are somehow smarter.
sources: http://en.wikipedia.org/wiki/2008_United_States_federal_budget
http://en.wikipedia.org/wiki/2009_United_States_federal_budget
http://en.wikipedia.org/wiki/2010_United_States_federal_budget
http://www.usgovernmentrevenue.com/total
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
edited to add: and furthermore stop with the 'bush era tax cuts' shit. Demos could have reversed them and didn't, and they ADDED to tax cuts in the stimulus. So just shut up about tax cuts.