nodoginnafight
No Party Affiliation
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- #81
obama has been in office four years, is starting his fifth year and he's added 6 trillion to the national debt. at the end of the 8 years it will be easily 20 trillion dollars. at some point the economy will collapse.
Bush introduced more new spending than Obama has.
Yes, two wrongs don't make a right and I really want to see meaningful cuts in spending too. But finger pointing at the other guy while refusing to see the reality of how BOTH sides have contributed to the problem - is not being fiscally responsible. It's just being a hyper-partisan hack who only wants to see THEIR side writing the checks.
With all due respect, Dog...what has Obama ever REALLY cut? You've fallen back on the false statistic that Obama hasn't raised spending by a larger percentage than Bush did since taking office but that statistic only works because Bush did TARP and other stimulus in his last year which was the height of the recession. Obama has continued spending that amount plus more every single year that he's been in office. We're running trillion dollar a year plus deficits and the costs of ObamaCare haven't even kicked in yet. This is about to get REALLY ugly from a deficit point of view and all Barry does is demand that Congress not give him any trouble raising the debt ceiling. I'm sorry but that's NOT dealing with the problem.
You've hit, what I believe are a couple of very good points. Number one - Every POTUS (and new Congress too) is often pretty much stuck in continuing some of the spending obligations they inherit from the previous one.
Obama couldn't just shut off war funding for example.
In addition to honoring the spending the previous administration obligated us for, every new POTUS also introduces his own, new spending. Obama has introduced less new spending than others. Is it really fair to say - "sorry bub, no new spending for you because your predecessort onligated all the money already"????
BOTH Democrats and Republicans have been all too happy to lavish spending and goodies on their favorites.
You are EXACTLY right imho - that spending needs to be curtailed. I am in 100% agreement on that. But holding American businesses, consumer confidence, the bond market, etc hostage with threats that we may not honor the obligations that BOTH sides have accumulated just to gain political advantage is disgusting.