Here's a liberal rag's take on this:
President Obama's proposed budget would add more than $9.7 trillion to the national debt over the next decade, congressional budget analysts said Friday. Proposed tax cuts for the middle class account for nearly a third of that shortfall.
The 10-year outlook released by the nonpartisan Congressional Budget Office is somewhat gloomier than White House projections, which found that Obama's budget request would produce deficits that would add about $8.5 trillion to the national debt by 2020.
The CBO and the White House are in relative agreement about the short-term budget picture, with both predicting a deficit of about $1.5 trillion this year -- a post-World War II record at 10.3 percent of the overall economy -- and $1.3 trillion in 2011. But the CBO is considerably less optimistic about future years, predicting that deficits would never fall below 4 percent of the economy under Obama's policies and would begin to grow rapidly after 2015
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/05/AR2010030502974.html
So by the WHITE HOUSE's own estimates we are set to add $8.5T (on top of bailouts and stimulus) minimum to the national debt by 2020. Trader's chart is actually outdated and it should be adjutsed
higher according to the Obama administration.
Do you liberal morons get a kick out of ignoring this or what? Hermit is a complete jackass when it comes to these numbers, I've shown that, but does anyone else even look at what your side's plans are? Only a moron would attempt to make some sort of deficit and debt argument in favor of democrats right now. Today going forward we are set to triple the debt from Bush's last days- and that's the damn plan!
Social spending increased by $800B 2000 to 2009 and defense spending increased by $300B because of a war. We could have fought 3 more wars with the increased social spending, to put it in perspective. Can liberals add?
A well known demographic time bomb is exploding, unimaginable unfunded social mandates exist, a new massive health care bill that did nothing but increase gov't promises and did nothing to control medical costs other than to limit payments (oh yeah, that'll do it). Obviously we have no control when it comes to social spending, the above happened under bush, the current plan is painfully optimistic.
The day has arrived when most people are measuring success by how much welfare exists, opportunity for most of the population now is a government handout or bailout. The only hope is that somehow real conservatives will rise again a la 1994.