Did Obama Vote for the Debt He "Inherited"

[Iriemon]

i can't believe you honestly believe what you just typed....obama is not responsible, though he voted for the budgets, because obama didn't really believe in the expenditures...wtf? it amazes the logical leaps you obama lovers go to in defending him...obama is not even responsible for his own votes....unbelievable

and if obama didn't believe in expenditures, he sure didn't have any problem out spending bush his first budget proposal....

You know what, I did some research, and Obama did not vote for Bush's 2006 budget.

But McCain did. Along with all but a few Republicans.

$2.8 trillion budget narrowly passes U.S. Senate - Mar. 17, 2006

http://www.nytimes.com/2006/03/17/politics/17spend.html

So I look forward to seeing posts from you guys railing about how McCain and the Republicans are responsible for the national debt.

so now you are changing your tune....first he did vote for it, but didn't mean it...you will do anything to defend him...

I never said anything about Obama voting for any particular budget. You are the one who wrote: ...Obama is not responsible, though he voted for the budgets, ...

btw, your links say nada about obama...

They identify the lone Dem from Louisana who voted with the Republicans, it wasn't Obama. Logical exclusion means he voted against it.

But McCain did.

and what about 2005, 2007, 2008....

What about them.

stop deflecting on republicans, we are already upset at them, this is solely about obama saying he inherited the deficit when in reality he voted right along with the deficit...why don't you address that...

Since McCain voted for the budget you can say that Obama inhereted McCain's debt.

obama's voting record:

Voted NO on paying down federal debt by rating programs' effectiveness. (Mar 2007)
Voted NO on $40B in reduced federal overall spending. (Dec 2005)

Interesting.

why don't you post up a link that obama did not vote to approve the budgets and thus the deficits....

Why should I?

 

[jreeves]

I if you want to believe that with his one vote Obama means he was able to craft legislation and a budget that reflected his personal preferences and objectives.

But the debt was alread at about $9 trillion before he took office. He didn't vote for that.

Obama's annual budget next year has a deficit of 2 trillion. So it took well over 200 years to accumulate 9 trillion and in one year Obama is expanding by over 20%. You don't see a problem with that?

It was 10.7 trillion when he took office. But sure I see a problem with it.

What do you think the potential problems could be?

 

[RetiredGySgt]

Yes he did.

 

[Iriemon]

Obama's annual budget next year has a deficit of 2 trillion. So it took well over 200 years to accumulate 9 trillion and in one year Obama is expanding by over 20%. You don't see a problem with that?

It was 10.7 trillion when he took office. But sure I see a problem with it.

What do you think the potential problems could be?

Too much debt. What do you think they could be?

 

[DiveCon]

It was 10.7 trillion when he took office. But sure I see a problem with it.

What do you think the potential problems could be?

Too much debt. What do you think they could be?

well, thats what most conservatives have been saying and thats why we are and were pissed at the GOP for being such big spenders(AKA acting like DEMOCRATS)

 

[Iriemon]

Unlike the Democrats, the GOP also cuts taxes and revenues which is a major reason why the last three Republican administrations were characterized by record deficits.

 

[DiveCon]

Unlike the Democrats, the GOP also cuts taxes and revenues which is a major reason why the last three Republican administrations were characterized by record deficits.

with the exception of the LAST republican administration, the previous two had democrats in control of congress(Hint: the people that actually control the budgets)

 

[xsited1]

Unlike the Democrats, the GOP also cuts taxes and revenues which is a major reason why the last three Republican administrations were characterized by record deficits.

with the exception of the LAST republican administration, the previous two had democrats in control of congress(Hint: the people that actually control the budgets)

Kool-Aid will make you repeat crap you know is not true.

 

[Iriemon]

Unlike the Democrats, the GOP also cuts taxes and revenues which is a major reason why the last three Republican administrations were characterized by record deficits.

with the exception of the LAST republican administration, the previous two had democrats in control of congress(Hint: the people that actually control the budgets)

Reagan and the Republicans in the 80s had the help of the "gypsy moth" Dems to pass their agenda.

Presidents of course have tremendous influence in budgets, both because of their veto power as well as access to public especially if they are popular.

 

[jreeves]

It was 10.7 trillion when he took office. But sure I see a problem with it.

What do you think the potential problems could be?

Too much debt. What do you think they could be?

What are the effects of too much debt?

 

[Iriemon]

What do you think the potential problems could be?

Too much debt. What do you think they could be?

What are the effects of too much debt?

I'm all ears.

 

[jreeves]

Unlike the Democrats, the GOP also cuts taxes and revenues which is a major reason why the last three Republican administrations were characterized by record deficits.

Obama has accumulated more debt in 100 days than Bush did during his whole first term or second term as President. That doesn't excuse Bush though....

 

[jreeves]

Too much debt. What do you think they could be?

What are the effects of too much debt?

I'm all ears.

Inflation and devaluation of currency as a starter....

 

[Iriemon]

What are the effects of too much debt?

I'm all ears.

Inflation and devaluation of currency as a starter....

How does debt cause inflation?

 

[mash107]

No, just for the 2 trillion he just added.

It's about a quarter of than since he took office. But whose counting.

The unemployed.

But, who cares about them right? All that matters is our 'overlords' in Washington gets to spend our money in the way they want to.

Two wrongs certainly don't make a right, and if one adminstration caused our weak economy from excess debt stemming from needless wars, the best solution, obviously, is to deleveraged and pay off our debts, and not to pile more on. But rationality is not something found in Washington, apparently.

 

[Iriemon]

Unlike the Democrats, the GOP also cuts taxes and revenues which is a major reason why the last three Republican administrations were characterized by record deficits.

Obama has accumulated more debt in 100 days than Bush did during his whole first term or second term as President. That doesn't excuse Bush though....

Where did you get that from?

 

[Iriemon]

No, just for the 2 trillion he just added.

It's about a quarter of than since he took office. But whose counting.

The unemployed.

But, who cares about them right? All that matters is our 'overlords' in Washington gets to spend our money in the way they want to.

Two wrongs certainly don't make a right, and if one adminstration caused our weak economy from excess debt stemming from needless wars, the best solution, obviously, is to deleveraged and pay off our debts, and not to pile more on. But rationality is not something found in Washington, apparently.

1) What does the unemployed have to do with a discussion on the debt?

2) Who implied they don't care about the unemployed?

3) What is the basis for the claim that the economic problem stem form excessive government debt?

4) Why would you blame the excessive government debt solely on the needless wars?

 

[mash107]

I'm all ears.

Inflation and devaluation of currency as a starter....

How does debt cause inflation?

Monetization - Wikipedia, the free encyclopedia

If debt didn't cause inflation, why wouldn't government spend $1T a second to ensure we never have to work again? <.<

It's obviously inflationary, as Bush's years has shown. $5 gas, expensive groceries, etc, until this deflationary correction period hit.

 

[Iriemon]

Inflation and devaluation of currency as a starter....

How does debt cause inflation?

Monetization - Wikipedia, the free encyclopedia

Thanks. That clarifies that it is not debt that can create inflation, but by a central bank expanding the money supply, one method of which is to buy govt debt.

If debt didn't cause inflation, why wouldn't government spend $1T a second to ensure we never have to work again? <.<

$1 T wouldn't do it, but basically because the Govt couldn't borrow that much or afford to pay the interest.

It's obviously inflationary, as Bush's years has shown. $5 gas, expensive groceries, etc, until this deflationary correction period hit.

I'm only paying $2 for gas, groceries aren't much more, I pay less for computers, electric stuff, bikes, all kinds of stuff. And this is when the Govt is borrowing like crazy.

Not obvious at all.

 

[mash107]

It's about a quarter of than since he took office. But whose counting.

The unemployed.

But, who cares about them right? All that matters is our 'overlords' in Washington gets to spend our money in the way they want to.

Two wrongs certainly don't make a right, and if one adminstration caused our weak economy from excess debt stemming from needless wars, the best solution, obviously, is to deleveraged and pay off our debts, and not to pile more on. But rationality is not something found in Washington, apparently.

1) What does the unemployed have to do with a discussion on the debt?

2) Who implied they don't care about the unemployed?

3) What is the basis for the claim that the economic problem stem form excessive government debt?

4) Why would you blame the excessive government debt solely on the needless wars?

1- Everytime government spends money, it sucks money out of the economy. That money employs people, but when it's sucked away and spent by the government, it's usually spent on something that doesn't generate a profit. That, in turn, causes unemployment.

2- If they did, they wouldn't spend $3T bailing out banks, and instead gave us our tax money back. But, government is much happier allocating money where they see fit rather than where the people see fit.

3- Empircally- FDR excessive debt = 12 years of depression. LBJ's and Nixon's excessive debt = the 1970s. Bush's excessive debt = current situation. And as described in the response to your first question, it's just the way of economics. If you became unemployed, you wouldn't surely max out your credit cards... but that's what the government is forcing on us.

4- Most of it went to wars. A good chunk went to fund the increase medicaid, but I probably should've left that part out. Government spending is a complete and utter waste that creates poverty. It's only legitimate functions are the enforcement of basic laws and defender of inalienable rights.