President Obama Has Outspent Last Five Presidents

[HUGGY]

This thread is pure fictitious bullshit. WHERE has Obama spent all that money?

He put it in the Caymans and Switzerland.

 

[Quantum Windbag]

This thread is pure fictitious bullshit. WHERE has Obama spent all that money?

If you have to ask you can't afford it.

Policy Basics: Where Do Our Federal Tax Dollars Go? — Center on Budget and Policy Priorities

 

[Lakhota]

Jerry, just remember. It's not a lie... if you believe it... - YouTube

 

[OohPooPahDoo]

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.

That's hardly surprising. Spending increases under about every President.

Its increases the slowest under Obama than any other President on the above graph.

Clearly Republican Presidents are far more effective at increasing federal spending than Democrats. The numbers don't lie! And the only Republican President since and including Reagan to increase spending at a rate closer to that of Democrats - Bush I - was a one termer.

 

[jack113]

Republicans never allow facts to get in the way of their big government borrowing and spending.

After Johnson it was nothing but out of control tax cuts for the rich and unemployment for the middle class.

Republican ideas of good leadership is tax evading and selling jobs to communism.

 

[Bfgrn]

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 higher—in 1946, it was 24.8—the 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)

What I learned from hanging out with deficit hawks
The Peter G. Peterson Foundation's "Fiscal Solutions Tour" came to my town, so I stopped by

The Fiscal Solutions Tour is the latest Peter G. Peterson Foundation effort to rouse the public against deficits and the national debt — and in particular (though they manage to avoid saying so) to win support for measures that would impose drastic cuts on Social Security and Medicare. It features Robert Bixby of the Concord Coalition, former Comptroller General David Walker

A notable feature of Bixby’s presentation were his charts. One of them showed clearly how the public deficit soared at the precise moment that the financial crisis struck in late 2008. The chart also shows how the Clinton surpluses had started to disappear in the recession of 2000. But Mr. Bixby seemed not to have noticed either event. Flashing this chart, he merely commented that “Congress took care” of the budget surplus. Still, the charts did show the facts — and in this respect they were the intellectual highpoint of the occasion.

A David Walker speech is always worth listening to with care, for Mr. Walker is a reliable and thorough enumerator of popular deficit-scare themes. Three of these in particular caught my attention on Friday.

To my surprise, Walker began on a disarming note: he acknowledged that the level of our national debt is not actually high. In relation to GDP, it is only a bit over half of what it was in 1946. And to give more credit, the number Walker used, 63 percent, refers to debt held by the public, which is the correct construct — not the 90+ percent figure for gross debt, commonly seen in press reports and in comparisons with other countries. The relevant number is today below where it was in the mid-1950s, and comparable to the early 1990s.

But Mr. Walker countered that fact with another, which I’d never heard mentioned before: in real terms he said — that is, after adjusting for inflation — per capita national debt is now twice what it was back then.

The problem is that real per capita national debt is a concept with no economic meaning or importance. (No government agency reports it, either.) Even in the private sector, debt levels matter only in relation to income and wealth: richer people can (and do) take on more debt. Real per capita national income is well over three times higher today than it was in 1946 — so how could it possibly matter that the “real per capita national debt” is twice as high?

What I learned from hanging out with deficit hawks - Economics

 

[Cammmpbell]

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 unions with any clout, no time off from a job for any reason. People went door to door begging until the second world war started. Before social security 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.

 

[Stephanie]

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.

good grief..
when you have more poor than taxpayers, than what are you bleeding hearts going to do?
wish you had a magic money tree?
OUR defense is the most IMPORATNAT responsibility of this bloated ass government

 

[HomeInspect]

This thread is pure fictitious bullshit. WHERE has Obama spent all that money?

One only has to look at the real time national debt clock to see what Obama is doing. Or look at the number of people on food stamps at the same time.

U.S. National Debt Clock : Real Time

Food Stamps Charts

 

[Bfgrn]

Obama spending binge never happened - MarketWatch

Oops.

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. Bush’s 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 Office’s estimate of the budget that was agreed to last August.

• Finally in fiscal 2013 — the final budget of Obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the CBO’s latest budget outlook.

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%.

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? It’s 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 Obama’s 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.

 

[Stephanie]

obama spending binge never happened - marketwatch

oops.

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. Bush’s 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 office’s estimate of the budget that was agreed to last august.

• finally in fiscal 2013 — the final budget of obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbo’s latest budget outlook.

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%.

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? It’s 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 obama’s 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?

 

[Cammmpbell]

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. Bush’s 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 office’s estimate of the budget that was agreed to last august.

• finally in fiscal 2013 — the final budget of obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbo’s latest budget outlook.

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%.

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? It’s 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 obama’s 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

 

[California Girl]

We have a growing population, and we're in serious economic hardship. Using the 'foodstamps' argument against Obama is just fucking stupid.

 

[Bfgrn]

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. Bush’s 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 office’s estimate of the budget that was agreed to last august.

• finally in fiscal 2013 — the final budget of obama’s term — spending is scheduled to fall 1.3% to $3.58 trillion. Read the cbo’s latest budget outlook.

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%.

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? It’s 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 obama’s 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

and...

Government outlays rising at slowest pace since 1950s

 

[Neotrotsky]

Too funny the left is trying to push this bogus claim
Well you can't blame them, it is not like they can run
on his real record



From US News- who knew they were part of the
evil right wing cabal


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 higher—in 1946, it was 24.8—the country was just coming down from the exorbitant rates of spending during World War II.

GOP presidential candidate Mitt Romney has said he would cut federal spending down to just 17 percent of GDP.​

 

[Luddly Neddite]

Obama spending binge never happened - MarketWatch

Oops.

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.

 

[Neotrotsky]

You mean like unemployment went up

With those facts, no lies are necessary

 

[Cammmpbell]

Obama spending binge never happened - MarketWatch

Oops.

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.

LOL, very true. Last night Anderson Cooper proved with videos that Romney has lied numerous times about the president's alluding to getting the employment rate below 8%. I wouldn't trust a Republican in the outhouse wearing one of Hannibal Lector's face masks.

Guess what.....they all watch Faux News and actually believe what they hear is the truth.

 

[NYcarbineer]

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 higher—in 1946, it was 24.8—the 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)

Adjusted for inflation, Bush spent 19.2 trillion during his presidency.

What is Obama's number? Want to guess?

 

[NYcarbineer]

Someone in another thread was repeating the old line that Reagan's deficit spending could be blamed on Tip O'Neill.

Using that reasoning, should we not be blaming 2011 and 2012 on John Boehner?