HUGGY
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This thread is pure fictitious bullshit. WHERE has Obama spent all that money?
He put it in the Caymans and Switzerland.
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This thread is pure fictitious bullshit. WHERE has Obama spent all that money?
This thread is pure fictitious bullshit. WHERE has Obama spent all that money?
what, can't be
links and chart with article at site..
By Elizabeth Flock
June 1, 2012 RSS Feed Print
President Obama has shelled out more in federal spending than the five presidents that came before him.
what, can't be
links and chart with article at site..
By Elizabeth Flock
June 1, 2012 RSS Feed Print
President Obama has shelled out more in federal spending than the five presidents that came before him.
A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn't reflect well on Obama.
"There has been a dramatic increase in spending under the Obama administration," David Walker, Founder and CEO of CAI, told Whispers. "Most of it is attributable to year one of his presidency and the stimulus... but President Obama has continued to take spending to a new level."
Federal spending was close to 20 percent under the Carter administration, dropped to 18 percent under Clinton, and is currently at an incredible 24 percent of GDP. According to the Congressional Budget Office, federal spending may hover around 22 percent for the next decade.
Federal spending is also higher this year than any year since 1949. The last time spending was higherin 1946, it was 24.8the country was just coming down from the exorbitant rates of spending during World War II.
all of it here with comments.
President Obama Has Outspent Last Five Presidents - Washington Whispers (usnews.com)
Costs money to avert the SECOND Pub WORLD GREAT DEPRESSION, and help 10million unemployed....great job pubbies- and thanks for paralyzing gov't since 2/2010....Pub dupes!!
Costs money to avert the SECOND Pub WORLD GREAT DEPRESSION, and help 10million unemployed....great job pubbies- and thanks for paralyzing gov't since 2/2010....Pub dupes!!
People today have no clue about hard times. Hoover and the bankers put the entire nation in despair in the late 1920's and early 1930's. There were no social security benefits, no pensions, no time off from a job for any reason. People who were crippled or poor ended up in county poor farms where they were left to fend for themselves. This nation is covered with unmarked graves from those old "Poorhouses" and the Republicans would love to take us back to those times. Their idea of cutting costs is by taking a couple of hundred billions away from the benefits of the poor and continuing to turn over a trillion to big contractors who are funded through the defense budget. Oh well....General Dynamics and Halliburton have to eat too.
This thread is pure fictitious bullshit. WHERE has Obama spent all that money?
you really don't care if you're honest, do you?
you really don't care if you're honest, do you?
honesty stephanie???
From your link:
Update, 5:19 p.m.:
Some readers have pointed out that although obama passed the stimulus plan, federal spending under his administration has risen at a very slow pace -- the slowest pace, in fact, "since dwight eisenhower brought the korean war to an end in the 1950's," marketwatch reported last month.
obama spending binge never happened
commentary: Government outlays rising at slowest pace since 1950s
here are the facts, according to the official government statistics:
in the 2009 fiscal year the last of george w. Bushs presidency federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the office of management and budget.
in fiscal 2010 the first budget under obama spending fell 1.8% to $3.46 trillion.
in fiscal 2011, spending rose 4.3% to $3.60 trillion.
in fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the congressional budget offices estimate of the budget that was agreed to last august.
finally in fiscal 2013 the final budget of obamas term spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbos latest budget outlook.
Over obamas 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%.
There has been no huge increase in spending under the current president, despite what you hear.
Why do people think obama has spent like a drunken sailor? Its in part because of a fundamental misunderstanding of the federal budget.
What people forget (or never knew) is that the first year of every presidential term starts with a budget approved by the previous administration and congress. The president only begins to shape the budget in his second year. It takes time to develop a budget and steer it through congress especially in these days of congressional gridlock.
the 2009 fiscal year, which republicans count as part of obamas legacy, began four months before obama moved into the white house. The major spending decisions in the 2009 fiscal year were made by george w. Bush and the previous congress.
like a relief pitcher who comes into the game with the bases loaded, obama came in with a budget in place that called for spending to increase by hundreds of billions of dollars in response to the worst economic and financial calamity in generations.
you really don't care if you're honest, do you?
honesty stephanie???
From your link:
Update, 5:19 p.m.:
Some readers have pointed out that although obama passed the stimulus plan, federal spending under his administration has risen at a very slow pace -- the slowest pace, in fact, "since dwight eisenhower brought the korean war to an end in the 1950's," marketwatch reported last month.
obama spending binge never happened
commentary: Government outlays rising at slowest pace since 1950s
here are the facts, according to the official government statistics:
in the 2009 fiscal year the last of george w. Bushs presidency federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the office of management and budget.
in fiscal 2010 the first budget under obama spending fell 1.8% to $3.46 trillion.
in fiscal 2011, spending rose 4.3% to $3.60 trillion.
in fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the congressional budget offices estimate of the budget that was agreed to last august.
finally in fiscal 2013 the final budget of obamas term spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbos latest budget outlook.
Over obamas 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%.
There has been no huge increase in spending under the current president, despite what you hear.
Why do people think obama has spent like a drunken sailor? Its in part because of a fundamental misunderstanding of the federal budget.
What people forget (or never knew) is that the first year of every presidential term starts with a budget approved by the previous administration and congress. The president only begins to shape the budget in his second year. It takes time to develop a budget and steer it through congress especially in these days of congressional gridlock.
the 2009 fiscal year, which republicans count as part of obamas legacy, began four months before obama moved into the white house. The major spending decisions in the 2009 fiscal year were made by george w. Bush and the previous congress.
like a relief pitcher who comes into the game with the bases loaded, obama came in with a budget in place that called for spending to increase by hundreds of billions of dollars in response to the worst economic and financial calamity in generations.
and?
honesty stephanie???
From your link:
Update, 5:19 p.m.:
Some readers have pointed out that although obama passed the stimulus plan, federal spending under his administration has risen at a very slow pace -- the slowest pace, in fact, "since dwight eisenhower brought the korean war to an end in the 1950's," marketwatch reported last month.
obama spending binge never happened
commentary: Government outlays rising at slowest pace since 1950s
here are the facts, according to the official government statistics:
in the 2009 fiscal year the last of george w. Bushs presidency federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the office of management and budget.
in fiscal 2010 the first budget under obama spending fell 1.8% to $3.46 trillion.
in fiscal 2011, spending rose 4.3% to $3.60 trillion.
in fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the congressional budget offices estimate of the budget that was agreed to last august.
finally in fiscal 2013 the final budget of obamas term spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbos latest budget outlook.
Over obamas 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%.
There has been no huge increase in spending under the current president, despite what you hear.
Why do people think obama has spent like a drunken sailor? Its in part because of a fundamental misunderstanding of the federal budget.
What people forget (or never knew) is that the first year of every presidential term starts with a budget approved by the previous administration and congress. The president only begins to shape the budget in his second year. It takes time to develop a budget and steer it through congress especially in these days of congressional gridlock.
the 2009 fiscal year, which republicans count as part of obamas legacy, began four months before obama moved into the white house. The major spending decisions in the 2009 fiscal year were made by george w. Bush and the previous congress.
like a relief pitcher who comes into the game with the bases loaded, obama came in with a budget in place that called for spending to increase by hundreds of billions of dollars in response to the worst economic and financial calamity in generations.
and?
Don't worry.....they don't have an answer. The facts are that about 20% of Obama's annual budgets went to pay the interest on the Reagan-Bushes debt:
Total U S Debt
09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)
09/30/1981 $997,855,000,000.00
Don't expect rw's to care about facts. We're seeing this a lot right now and well see a hell f a lot more in coming months because the R can't win without lies.
what, can't be
links and chart with article at site..
By Elizabeth Flock
June 1, 2012 RSS Feed Print
President Obama has shelled out more in federal spending than the five presidents that came before him.
A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn't reflect well on Obama.
"There has been a dramatic increase in spending under the Obama administration," David Walker, Founder and CEO of CAI, told Whispers. "Most of it is attributable to year one of his presidency and the stimulus... but President Obama has continued to take spending to a new level."
Federal spending was close to 20 percent under the Carter administration, dropped to 18 percent under Clinton, and is currently at an incredible 24 percent of GDP. According to the Congressional Budget Office, federal spending may hover around 22 percent for the next decade.
Federal spending is also higher this year than any year since 1949. The last time spending was higherin 1946, it was 24.8the country was just coming down from the exorbitant rates of spending during World War II.
all of it here with comments.
President Obama Has Outspent Last Five Presidents - Washington Whispers (usnews.com)