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Obama's government spending is going to bankrupt the nation??????

That's not what a journalist at the "lefty" "lib" Wall Street Journal found.

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.

But it didn’t happen.


http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22
 
Obviously all COMMUNISTS at the Wall Street Journal....Lukey "debunked" this a while back and once he debunks something, it stays debunked....no matter what the Marxists at Rupert Murdoch's newspaper say!!!!!!
 
Two different issues, BD. Spending...versus the deficit. Romney (and others) claim spending is up and that's what is causing the deficit. It's not....they're wrong...or lying.

From the article linked:

Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

Sorry Gord, That is still an increase, can you explain that?
 
Two different issues, BD. Spending...versus the deficit. Romney (and others) claim spending is up and that's what is causing the deficit. It's not....they're wrong...or lying.

If spending is up and we have to borrow to make up the difference, how is that not causing a deficit? Unless I'am misunderstanding you.
 
From the article linked:

Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%.

Sorry Gord, That is still an increase, can you explain that?

Yes....but compared to previous Presidencies...including every Republican including Reagan....it's at its LOWEST point in decades.

So the claim that "massive Obama increases in spending is causing the deficit" is....either wrong or a lie, isn't it?
 
It's spin! The fact of the matter is that the reason it looks so good is that the big increase (18%) in 2009 is attributed to Bush, when, in fact, the "stimulus" bill was passed during that year and it drove spending up by approximately $400 billion. But, by the "magic" of lefty logic - that was Bush's budget year so no Obama spending increase that year. Then, the fact that he merely kept spending at the elevated (stimulus) level magically makes Obama look like a spending hawk when, in fact, he has spent 33% more over his first four years than Bush did over his last four years.
 
Yes....but compared to previous Presidencies...including every Republican including Reagan....it's at its LOWEST point in decades.

So the claim that "massive Obama increases in spending is causing the deficit" is....either wrong or a lie, isn't it?

Eh, not so fast Gordo:

It's spin! The fact of the matter is that the reason it looks so good is that the big increase (18%) in 2009 is attributed to Bush, when, in fact, the "stimulus" bill was passed during that year and it drove spending up by approximately $400 billion. But, by the "magic" of lefty logic - that was Bush's budget year so no Obama spending increase that year. Then, the fact that he merely kept spending at the elevated (stimulus) level magically makes Obama look like a spending hawk when, in fact, he has spent 33% more over his first four years than Bush did over his last four years.
 
What is points out is where the debt was mostly increased and why people may want to think again about handing the keys to the White House back to those who are promising the same old things they have always promised, but have had trouble adhering to as well as trouble proving how they work (tax cuts) the way they keep saying they will, but with no results.
 
It's spin! The fact of the matter is that the reason it looks so good is that the big increase (18%) in 2009 is attributed to Bush, when, in fact, the "stimulus" bill was passed during that year and it drove spending up by approximately $400 billion. But, by the "magic" of lefty logic - that was Bush's budget year so no Obama spending increase that year. Then, the fact that he merely kept spending at the elevated (stimulus) level magically makes Obama look like a spending hawk when, in fact, he has spent 33% more over his first four years than Bush did over his last four years.

Is that your spin on it Lukey?

Fiscal years are the same for all president's Lukey.

What it shows is who ran up the deficit IF, people like Mr. Romney are going to put such things in the shoulders of presidents. The debt is UP there, not because of huge spending by Obama, but because of huge spending prior to him taking office.
 
Obviously all COMMUNISTS at the Wall Street Journal....Lukey "debunked" this a while back and once he debunks something, it stays debunked....no matter what the Marxists at Rupert Murdoch's newspaper say!!!!!!

Yes, one minute Obama is "Bush Lite", the next minute Obama is a Marxist communist. The WSJ is just a spinning away, cause they're a "lefty" "lib" "MSM" publication.

Do people ever get embarrassed?
 
Yes, one minute Obama is "Bush Lite", the next minute Obama is a Marxist communist. The WSJ is just a spinning away, cause they're a "lefty" "lib" "MSM" publication.

Do people ever get embarrassed?

That kind of CONTRADICTION about the President is now legendary, Knot.

The Right go from accusing him of being a "radical Marxist" one minute....to "Doing everything Bush did" the next (typically when they are trying to distance THEMSELVES from Dubya).

Same for his sexuality....remember when they ran with that picture of the President supposedly "checking out the ass of that German girl".....same folks now claim he's GAY.

Same for his religion....is he a "radical Liberationist CHRISTIAN"?.....or a "closet MUSLIM"?.....or a "religious freedom-hating ATHEIST"???
 
Is that your spin on it Lukey?

Fiscal years are the same for all president's Lukey.

What it shows is who ran up the deficit IF, people like Mr. Romney are going to put such things in the shoulders of presidents. The debt is UP there, not because of huge spending by Obama, but because of huge spending prior to him taking office.

Well, I was certainly no Bush cheerleader so I won't argue the insane position that Bush spending - good, Obama spending - bad. But the fact of the matter is that the spending occurred on his watch. And the "stimulus" spending, (as well as all the unrepaid TARP spending and the $5 trillion or so the Fed has spent propping up the banks that doesn't even show up in the budget) as well as the extra hundreds of billions in increased SS & MC, unemployment comp, food stamps. etc. that largely resulted from his anti-capitalist jihad's negative effects on investment and economic growth and swelled 2009 spending, should be all on him. Like I said, spending on his watch exceed the prior four years by 33% (even after Bush's spending sprees in his first four years). He told us he was going to cut the deficit in half by "making the hard choices on spending." But it seems he hasn't found any of Bush's spending that he considered unnecessary.
 
Meanwhile the Republican's in the house are desperate to give the Military 650 Billion for the following year...Fighting every cut as if their political career depended upon it....Double-Talking Ass holes every single one
 
Well, I was certainly no Bush cheerleader so I won't argue the insane position that Bush spending - good, Obama spending - bad. But the fact of the matter is that the spending occurred on his watch. And the "stimulus" spending, (as well as all the unrepaid TARP spending and the $5 trillion or so the Fed has spent propping up the banks that doesn't even show up in the budget) as well as the extra hundreds of billions in increased SS & MC, unemployment comp, food stamps. etc. that largely resulted from his anti-capitalist jihad's negative effects on investment and economic growth and swelled 2009 spending, should be all on him. Like I said, spending on his watch exceed the prior four years by 33% (even after Bush's spending sprees in his first four years). He told us he was going to cut the deficit in half by "making the hard choices on spending." But it seems he hasn't found any of Bush's spending that he considered unnecessary.

Aside from completely ignoring the chart and what it shows about incremental increases in spending, the leveling off and even slight reduction, you haven't pointed us to anything that disputes what the WSJ Journalist says, nor have you said how Romney is saying anything different that Reagan, Bush and Bush Jr. had said as a part of their policies and campaign.

You might also note the following, the date and the political affiliation, the business experience and accumen, business and otherwise of author and what he noted 9 years ago, along with a lot of other Republicans who are now no longer Republicans or don't buy into the "republican" "soultions" and policies since Reagan and the idea that widening the spending gap (spending more while reducing revenue) was somehow going to reduce both deficit spending and the national debt, without a substantial increase in employment and trade which means more taxable income (with rates staying the same or lower) and other taxable transactions. The Bush tax cuts said they would reduce the deficit and raise revenue, but you can only raise revenue if you cut tax rates by a marked INCREASE in employment or other taxes to offset the cuts in rates. If you both cut rates and add spending, then the spending gap is widened and debt increases meaning you need MORE revenue, not less, to pay the goverment's bills, if only to pay for the extra fees and interest in the additional money borrowed because there was a shortfall in revenue. IF the private sector had done as they said they would with the cut in tax rates (tax cut) and actually invested it in jobs and businesses here in the U.S., instead of abroad, more Americans would be employed and thus paying taxes and the deficit would be smaller, not larger and revenue might actually be enough to pay the nation's annual expenses and pay off some debt principle.

If FEWER Americans are employed and tax rates cut, even if spending remains the same, the deficit is larger than it would be if employment went down and tax rates went up. In addition, for all the people that whine about too much government, why are they waiting in the govermnent to solve the nation's problems when they were the ones that said if only they had a tax cut (which they have since 2001 and 2003) they would grow the economy and jobs? Why aren't they out there proving that there is no need for government instead of crashing the nation's economy then whining about both bailing them out and the cost to them to do so?

It's kind of like the bratty unruly kid who takes the family car totals it and lands in jail for driving without a license and reckless driving, then whining about how much his parents spent to fix the car, pay the increased insurance premiums and balance that with what the other kids in the family will be deprived of because of cost to the family of his reckless and irresponsible behavior. He might actually have learned something from it all and said yes, I was a jerk, I cost my parents and siblings money and pain and they are right to not trust me with the keys to the car for some time now. That's remorse and what remorse generally does is demonstrate someone knew they did something bad and recognize and acknowledge how it hurt others. That makes them less of a jerk. The real jerks are the one's who will try to deflect what they did onto their parents and siblings as if no one might notice how anyone would believe that BS.

The following was written in 2003:


"I have belonged to the Republican Party all my life. As a Republican, I have served as a cabinet member (once), a presidential commission member (three times), an all-purpose political ombudsman (many times) and a relentless crusader whom some would call a crank (throughout). Among the bedrock principles that the Republican Party has stood for since its origins in the 1850's is the principle of fiscal stewardship -- the idea that government should invest in posterity and safeguard future generations from unsustainable liabilities. It is a priority that has always attracted me to the party. At various times in our history (especially after wars), Republican leaders have honored this principle by advocating and legislating painful budgetary retrenchment, including both spending cuts and tax hikes."

"Over the last quarter century, however, the Grand Old Party has abandoned these original convictions. Without ever renouncing stewardship itself -- indeed, while talking incessantly about legacies, endowments, family values and leaving ''no child behind'' -- the G.O.P. leadership has by degrees come to embrace the very different notion that deficit spending is a sort of fiscal wonder drug. Like taking aspirin, you should do it regularly just to stay healthy and do lots of it whenever you're feeling out of sorts."


The rest of it is here....... http://www.nytimes.com/2003/06/08/m...ts-and-dysfunction.html?pagewanted=all&src=pm
 
Aside from completely ignoring the chart and what it shows about incremental increases in spending, the leveling off and even slight reduction, you haven't pointed us to anything that disputes what the WSJ Journalist says, nor have you said how Romney is saying anything different that Reagan, Bush and Bush Jr. had said as a part of their policies and campaign.

You might also note the following, the date and the political affiliation, the business experience and accumen, business and otherwise of author and what he noted 9 years ago, along with a lot of other Republicans who are now no longer Republicans or don't buy into the "republican" "soultions" and policies since Reagan and the idea that widening the spending gap (spending more while reducing revenue) was somehow going to reduce both deficit spending and the national debt, without a substantial increase in employment and trade which means more taxable income (with rates staying the same or lower) and other taxable transactions. The Bush tax cuts said they would reduce the deficit and raise revenue, but you can only raise revenue if you cut tax rates by a marked INCREASE in employment or other taxes to offset the cuts in rates. If you both cut rates and add spending, then the spending gap is widened and debt increases meaning you need MORE revenue, not less, to pay the goverment's bills, if only to pay for the extra fees and interest in the additional money borrowed because there was a shortfall in revenue. IF the private sector had done as they said they would with the cut in tax rates (tax cut) and actually invested it in jobs and businesses here in the U.S., instead of abroad, more Americans would be employed and thus paying taxes and the deficit would be smaller, not larger and revenue might actually be enough to pay the nation's annual expenses and pay off some debt principle.

If FEWER Americans are employed and tax rates cut, even if spending remains the same, the deficit is larger than it would be if employment went down and tax rates went up. In addition, for all the people that whine about too much government, why are they waiting in the govermnent to solve the nation's problems when they were the ones that said if only they had a tax cut (which they have since 2001 and 2003) they would grow the economy and jobs? Why aren't they out there proving that there is no need for government instead of crashing the nation's economy then whining about both bailing them out and the cost to them to do so?

It's kind of like the bratty unruly kid who takes the family car totals it and lands in jail for driving without a license and reckless driving, then whining about how much his parents spent to fix the car, pay the increased insurance premiums and balance that with what the other kids in the family will be deprived of because of cost to the family of his reckless and irresponsible behavior. He might actually have learned something from it all and said yes, I was a jerk, I cost my parents and siblings money and pain and they are right to not trust me with the keys to the car for some time now. That's remorse and what remorse generally does is demonstrate someone knew they did something bad and recognize and acknowledge how it hurt others. That makes them less of a jerk. The real jerks are the one's who will try to deflect what they did onto their parents and siblings as if no one might notice how anyone would believe that BS.

The following was written in 2003:


"I have belonged to the Republican Party all my life. As a Republican, I have served as a cabinet member (once), a presidential commission member (three times), an all-purpose political ombudsman (many times) and a relentless crusader whom some would call a crank (throughout). Among the bedrock principles that the Republican Party has stood for since its origins in the 1850's is the principle of fiscal stewardship -- the idea that government should invest in posterity and safeguard future generations from unsustainable liabilities. It is a priority that has always attracted me to the party. At various times in our history (especially after wars), Republican leaders have honored this principle by advocating and legislating painful budgetary retrenchment, including both spending cuts and tax hikes."

"Over the last quarter century, however, the Grand Old Party has abandoned these original convictions. Without ever renouncing stewardship itself -- indeed, while talking incessantly about legacies, endowments, family values and leaving ''no child behind'' -- the G.O.P. leadership has by degrees come to embrace the very different notion that deficit spending is a sort of fiscal wonder drug. Like taking aspirin, you should do it regularly just to stay healthy and do lots of it whenever you're feeling out of sorts."


The rest of it is here....... http://www.nytimes.com/2003/06/08/m...ts-and-dysfunction.html?pagewanted=all&src=pm

Except the chart is cheap partisan spin! He credits Bush with (most of) Obama's "stimulus" spending as well as $200 billion in TARP money that Bush said he didn't need but Obama promptly spent to (largely) bail out the UAW! When Obama decided to add over $400 billion to Bush's 2009 budget, he bought it lock, stock and barrel. It's his! And when you remove this rhetorical sleight of hand (that Bush is responsible for spending authorized after he left office because it was larded onto his budget) this silly notion that Obama is fiscally responsible suddenly fades away.
 
Eh, not so fast Gordo:

It's spin! The fact of the matter is that the reason it looks so good is that the big increase (18%) in 2009 is attributed to Bush, when, in fact, the "stimulus" bill was passed during that year and it drove spending up by approximately $400 billion.

$400 Billion out of a $1.6 Trillion deficit means it was a 25% increase in the deficit. And the ARJA only lasted about 18 mos. The rest of the fiscal policies are basically from the GOP circa 2002/3.

FACTS MATTER
All of them
 
If spending is up and we have to borrow to make up the difference, how is that not causing a deficit? Unless I'am misunderstanding you.
Because as the economy recovers, tax revenues ALSO go up. and as the population increases tax revenues ALSO go up.

The deficit has DECREASED every year Obama has been in office.
 
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