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That's crazy. Look:...nearly 1/2 trillion per year interest on the Republican National Debt!!! That's nearly 2 trillion over 4 years!
BULLSHIT!That's crazy. Look:...nearly 1/2 trillion per year interest on the Republican National Debt!!! That's nearly 2 trillion over 4 years!
The numbers mean that when Obama first came to Washington in 2007 the interest we paid was $227B per year. T-bill interest was 4.4%. Now we're paying $230B per year on 0.01% T-bill interest.
Think:
With debt rates at what they were in '07, the interest payments would be will be over a hundred trillion dollars year --and that's only if Obama drops all new spending.
If you say so. Thing is I'm not nearly the bullshit expert you are so you can have all that stuff you want with no objection from me....BULLSHIT!...
OK, the Fed data had budget interest but we can use the Treasury Dept.'s numbers for interest paid. The annual numbers were farther down the page though......2012 will be over 1/2 trillion in interest on the GOP National Debt.Government - Interest Expense on the Debt Outstanding...
Oh that's just precious, Bush becomes blameless the day Obama takes office.If you say so. Thing is I'm not nearly the bullshit expert you are so you can have all that stuff you want with no objection from me....BULLSHIT!...OK, the Fed data had budget interest but we can use the Treasury Dept.'s numbers for interest paid. The annual numbers were farther down the page though......2012 will be over 1/2 trillion in interest on the GOP National Debt.Government - Interest Expense on the Debt Outstanding...
...and they still show how Obama's current $454,393,280,417 for 0.01% interest is a disaster compared to the $405,872,109,315.83 on 4.98% before he came to Washington.
Look.
$405,872,109,315.83 x 4.98% ÷ 0.01% = $202,124,310,439,283.34 per year.
Over two hundred trillion dollars per year of debt interest alone.
--and that's only if Obama quits all new spending.
Why don't we see how much debt and interest Lyin' Ryan is responsible for from the day he took office?
Yup, and about one third of the $800B stimulus was demanded by repubs, leaving about $510B for the stimulus.How much of that $16 trillion came from programs initiated by Obama?
Still on the Bush theme ?Presidents job is to take care of business ,not fuck it up,and to protect the country from foreign invaders ,not open the flood gates......your backing a socialist, either pull up your pants and take care of your your own day to day life,or sit back and have big brother wipe your nose and ass for you on a daily basis,I prefer freedom ...............
What has Obama spent money on?
Stimulus $800 billion
Healthcare $300 billion
Where did the rest of the money go?
Two wars
Unfunded Medicare Part D
Decreased revenue from Bush Tax cuts
Decreased revenue from Recession
Some people say that, but the White House OMB doesn't. They admit that revenue had been falling before the '03 cuts and --...Decreased revenue from Bush Tax cuts...
Some people say that, but the White House OMB doesn't. They admit that revenue had been falling before the '03 cuts and --...Decreased revenue from Bush Tax cuts...
--then soared to all time highs until clobbered by the '09 tax hikes.
Stop right there, this is serious.Oh that's just precious...
...and they still show how Obama's current $454,393,280,417 for 0.01% interest is a disaster compared to the $405,872,109,315.83 on 4.98% before he came to Washington.
Look.
$405,872,109,315.83 x 4.98% ÷ 0.01% = $202,124,310,439,283.34 per year.
Over two hundred trillion dollars per year of debt interest alone.
--and that's only if Obama quits all new spending.
What we're talking about is saying there was...attributing those drops in revenue to tax hikes is deceptive...Some people say that, but the White House OMB doesn't. They admit that revenue had been falling before the '03 cuts and --...Decreased revenue from Bush Tax cuts...
--then soared to all time highs until clobbered by the '09 tax hikes.
There wasn't. That statement isn't "deceptive" at all, it's just plain wrong....Decreased revenue from Bush Tax cuts...
Some people say that, but the White House OMB doesn't. They admit that revenue had been falling before the '03 cuts and --
No Ex pat. it isn't wrong, you are wrong....every year prior to President Bush's 2001 tax cuts, there was increased revenues....
In 2001, the second bush was elected, he instituted his FIRST set of tax cuts, and ALL OF US received a $300 dollar tax rebate in the mail BEFORE sept 30, 2001....which fell in to fiscal year 2001 (clinton's last fiscal Budget)
You are being a tad deceiving trying to say that President bush's tax cuts began in 2003....that is just simply NOT TRUE expat....Bush's first set of tax cuts were in 2001 and then another set in 2003, as I have mentioned....and up until that point, tax revenues increased each and every year, but starting with the 2001 Bush tax breaks/stimulus refund checks of $300 each, our revenues decreased every single year until 2005....we did not reach what we were pulling in in tax revenues in 2000 until 2005/2006 if adjusted for inflation.
Historical Federal Receipt and Outlay Summary
Again, the Bush was never really president excuse, so he cannot be blamed for anything that happened during his regime.As a percentage of GDP spending is the highest since WWII. It has exploded since the democrat takeover of congress. Bush didn't sign the last budget he left it for Obama
Simply NOT TRUE....President Bush signed off on ALL spending that occurred for Fiscal 2009 before he left office, with the exception of 150-200 billion, of which can be attributed to Obama....As a percentage of GDP spending is the highest since WWII. It has exploded since the democrat takeover of congress. Bush didn't sign the last budget he left it for Obama
The single best predictor of deficits for most of the century has been war. There's a bulge in the graph for World War I, another for World War II, then a long low-grade deficit corresponding to the Korean and Vietnam wars, and of course the expense of G. H. W. Bush's invasion of Iraq, and G. W. Bush's invasions of Afghanistan and Iraq. But starting in the 1970's, it becomes harder to see a connection between war and deficits: permanent budget deficits became a way of life, regardless of whether there was a war going on.
The first two full fiscal years of the Obama presidency have seen unprecedented decreases in deficits: more in two years, after adjusting for inflation, than in Truman's eight years, and twice as much as in Clinton's eight years. If this trend were to continue -- and I don't know how likely that is -- the Federal budget would run a substantial surplus in fiscal 2014-2015.
The first seven years of the G.W. Bush presidency increased the deficit by almost twice as much as the 32 years from JFK through G.H.W.Bush combined, and somewhat more than the 24 years from Harding through FDR combined (in inflation-adjusted dollars).
If one includes fiscal year 2008-2009 as part of the G.W. Bush administration (consistent with my treatment of all other administrations), that administration oversaw 3.5 times as much increase in Federal budget deficits as Presidents Kennedy through G.H.W.Bush put together.
Again, Republican Presidents seem to rack up the big debts, at least in my lifetime. Democratic Presidents tend to be "troughs" in the above graph, relative to their Republican successors and predecessors. On the other hand, the only two Presidents in this table to actually run an average surplus (in the Roaring Twenties) were both Republicans, and the Obama administration, in its first two fiscal years, was still running enormous deficits (albeit smaller than the previous fiscal year; see table 1).
The first seven years of G.W. Bush accrued more total debt than eight years of Reagan, and half again as much as twelve years of FDR. If you include 2008-2009, the 8-year G.W. Bush administration accrued almost as much total debt as the 8-year Reagan administration and the 12-year FDR administration combined. The biggest accrued-debt-per-year figures are associated with B.H. Obama, G.W. Bush, G.H.W. Bush, Ronald Reagan, Gerald Ford, FDR, Bill Clinton, and Jimmy Carter, in that order.
Obama took office in the middle of, by far, the biggest-deficit year in history, dealing with two wars and the most severe recession since the 1930's; it would have been remarkable if the deficit hadn't decreased during his term. What is surprising in Obama's case is that the decrease in deficits has continued, and even accelerated, rather than being a one-year "blip" due to repayment of bailout loans and the like. The deficit decrease of 2011 may be due in part to the debt-ceiling standoff in April and May and the short-term measures taken at that time to avoid default; we'll see whether it continues in 2012.
The White House disagrees....every year prior to President Bush's 2001 tax cuts, there was increased revenues...Some people say that, but the White House OMB doesn't. They admit that revenue had been falling before the '03 cuts and --...Decreased revenue from Bush Tax cuts...
--then soared to all time highs until clobbered by the '09 tax hikes.
It's amazing how many people don't know that and try to blame GW Bush for the FY 09 budget spending. Here's a WSJ/Marketwatch scam that some folks have been passing around...As a percentage of GDP spending is the highest since WWII. It has exploded since the democrat takeover of congress. Bush didn't sign the last budget he left it for Obama
The White House disagrees....every year prior to President Bush's 2001 tax cuts, there was increased revenues...Some people say that, but the White House OMB doesn't. They admit that revenue had been falling before the '03 cuts and --
--then soared to all time highs until clobbered by the '09 tax hikes.
OMB records say there were many times in the 1900's revenue had fallen one year to the next. The most recent was in the early '80's and revenue growth then was restored by the Reagan tax cuts. Growth in the late '90's was especially strong after the '97 Republican cap-gains cuts. Just the same what we're talking about is that for years before the '03 tax cuts revenue had been falling and afterwards revenue soared to all time highs.
Revenue didn't begin dropping again until the Obama tax hikes but even then it still never fell to pre-taxcut levels.
Simply NOT TRUE....President Bush signed off on ALL spending that occurred for Fiscal 2009 before he left office, with the exception of 150-200 billion, of which can be attributed to Obama....As a percentage of GDP spending is the highest since WWII. It has exploded since the democrat takeover of congress. Bush didn't sign the last budget he left it for Obama
Bush signed every appropriations bill that came before him, and he signed off on the first set of auto bail outs and the bail outs of Fannie and Freddie, and Bear Sterns and Goldman sachs and TARP all before he left office OF WHICH NONE OF THAT SPENDING was even in his 2009 fiscal budget, those were added expenses outside his budget....IN ADDITION to his budget....
So, you are wrong on this, in a big way and are just following the lies you have been told....
FactCheck.org : Obama’s Spending: ‘Inferno’ or Not?
Ah, so you're saying Clinton caused the 2001 recession and Bush made the 2009 recovery? Fat chance. The party line is that--2009 budget was president Bush's, PERIOD...
