Republican Governor John Kasich Says GOP To Blame For Debt Crisis

[Paperman299]

Obama's "increased spending?" You might want to compare the deficit on Bush's last budget to the deficit now.

Obama s Budget Busts Spending Caps - Conn Carroll

President Obama's fiscal 2016 budget will call for a seven percent discretionary spending increase, busting the budget spending caps Democrats and Republicans agreed to in 2011.

White House Press Secretary Josh Earnest all but confirmed a Thursday Bloomberg story reporting that Obama's next budget, to be released February 2nd, will ask Congress to spend $68 billion more than the current budget limit agreement allows.

Asked if Obama new budget would hike spending, Earnest replied, "The President has been pretty clear about the fact over the last two weeks that now is exactly the right time for us start making some policy decisions that will invest in middle class families."

Thanks to a slowly recovering economy, the federal budget deficit has shrunk from $1.4 trillion in Obama's first year in office, when he passed a trillion dollar stimulus, to just $506 billion today, a figure still higher than any year President Bush was in office.

And according to the Congressional Budget Office, the deficit will continue to fall in 2015, sinking to $469 billion. But thanks to exploding mandatory programs, including Obamacare, the deficit will then begin to rise again, hitting $556 billion when Obama leaves office and reaching $737 billion by 2020.

It is unclear if Obama's new budget will have any new policies that address the deficit explosion set to detonate after he leaves office.

So we're just glazing right over the fact that the deficit has been cut to 1/3 of what it was? I love how the article tries to frame this, by the way. "...a figure still higher than any year President Bush was in office." As if the deficit that Obama has been struggling to downsize his entire presidency didn't come directly from Bush's own final budget.

If so-called fiscal conservatives cared about the budget, they would have cared when it was their own party ramping up spending. Instead, those were the days of "deficits don't matter." The moment spending became a good way to attack their political opposition, "deficits don't matter" transformed into "fiscal conservatism." And now that that opposition has been shown to be decreasing spending, we have to deal with squabbles over increased spending in one area while overall spending still comes down.

That, and claims of an impending "deficit bomb." Here's a question: since when did far-right conservatives place so much stock in projections? Now that you guys have become so focused on the future, please give me your opinions on this:

 

[kiwiman127]

You ridicule me because your are stupid. You just can't understand facts because you live your sorry life by biased talking points/opinions.
I supply facts with links, you supply nothing as usual.
What you said was the National Debt when Bush left office is total bullshit. You are off by about $1.7 trillion. What counts against all presidents is what the National Debt was during their fiscal years. That has been the measuring stick used by economist. Plus, I deducted ARRA spent during the last fiscal year of Bush's, because that is the honest thing to do.
Let me know when you want to use facts instead of your opinion

You used no facts. You picked the standards you wanted.
Is the debt higher today or lower than when Bush left office, or at any time since?

Everything I used were facts and I supplied the links too.
You couldn't refute the facts and they proved you're full of shit. But about everybody knows all about your credibility. You spew your opinion that are usually based on talking points and that's it.
There are some very good conservative posters on USMB and you aren't one of them, it's not even close.

You are an idiot, That much is fact. I described what happened. You ignored it, You also ignored the question of whether debt today is higher or lower than when Obama took office. Wonder why?

I'm sure you're quite butthurt that I again exposed your bullshit. It must suck to be you.
Regarding Obama's accumulated debt, I have consistently posted the "O" spends like a drunken sailor on steroids. Only an idiot wouldn't be aware of how much debt "O" is responsible for.
I'm not a goose-stepper like you. I think for myself, I don't need or want to ever be driven my ideological talking points. The thing with you Rabbi, anyone who thinks to the left of you, (which really isn't that hard) you surmise to be a lefty. In truth, I'd guess about 80% of Americans must be lefty socialist, , in your mind.

You exposed nothing but your own stupidity. What I wrote is 100% true and you never refuted it, nor could you because it is simply fact.
So in the end you agree that Obama has spent far more than Bush (more accurately the Democratic Congress since they approve this shit, he just went along) but somehow that makes me stupid. I'm stupid and you agree with me.
What a fucking dunce.

Yikes! You certainly told me a thing or two!

 

[Soggy in NOLA]

Bush left us with a $10.6 Trillion debt which is actually $15.6 Trillion in spending since he started out with a $5 Trillion surplus.

Republicans have always been the big government spenders.

Gee.. Bush started with a $5,000,000,000,000 surplus? Who knew?

These lefties are insane...

 

[Soggy in NOLA]

Obama's "increased spending?" You might want to compare the deficit on Bush's last budget to the deficit now.

Obama s Budget Busts Spending Caps - Conn Carroll

President Obama's fiscal 2016 budget will call for a seven percent discretionary spending increase, busting the budget spending caps Democrats and Republicans agreed to in 2011.

White House Press Secretary Josh Earnest all but confirmed a Thursday Bloomberg story reporting that Obama's next budget, to be released February 2nd, will ask Congress to spend $68 billion more than the current budget limit agreement allows.

Asked if Obama new budget would hike spending, Earnest replied, "The President has been pretty clear about the fact over the last two weeks that now is exactly the right time for us start making some policy decisions that will invest in middle class families."

Thanks to a slowly recovering economy, the federal budget deficit has shrunk from $1.4 trillion in Obama's first year in office, when he passed a trillion dollar stimulus, to just $506 billion today, a figure still higher than any year President Bush was in office.

And according to the Congressional Budget Office, the deficit will continue to fall in 2015, sinking to $469 billion. But thanks to exploding mandatory programs, including Obamacare, the deficit will then begin to rise again, hitting $556 billion when Obama leaves office and reaching $737 billion by 2020.

It is unclear if Obama's new budget will have any new policies that address the deficit explosion set to detonate after he leaves office.

So we're just glazing right over the fact that the deficit has been cut to 1/3 of what it was? I love how the article tries to frame this, by the way. "...a figure still higher than any year President Bush was in office." As if the deficit that Obama has been struggling to downsize his entire presidency didn't come directly from Bush's own final budget.

If so-called fiscal conservatives cared about the budget, they would have cared when it was their own party ramping up spending. Instead, those were the days of "deficits don't matter." The moment spending became a good way to attack their political opposition, "deficits don't matter" transformed into "fiscal conservatism." And now that that opposition has been shown to be decreasing spending, we have to deal with squabbles over increased spending in one area while overall spending still comes down.

That, and claims of an impending "deficit bomb." Here's a question: since when did far-right conservatives place so much stock in projections? Now that you guys have become so focused on the future, please give me your opinions on this:

Total bullshit... projected?

lol

 

[Synthaholic]

There was no surplus.

John Kasich said there was.

I guess he lives in the real world.

 

[Synthaholic]

The Bush financial holocaust almost destroyed America! Obama is digging us out of the Great Bush Recession - which Ben Bernanke said was greater than the Great Depression.

It's a little early for the peace pipe isn't it?

It's never too early.

 

[NYcarbineer]

You ridicule me because your are stupid. You just can't understand facts because you live your sorry life by biased talking points/opinions.
I supply facts with links, you supply nothing as usual.
What you said was the National Debt when Bush left office is total bullshit. You are off by about $1.7 trillion. What counts against all presidents is what the National Debt was during their fiscal years. That has been the measuring stick used by economist. Plus, I deducted ARRA spent during the last fiscal year of Bush's, because that is the honest thing to do.
Let me know when you want to use facts instead of your opinion

You used no facts. You picked the standards you wanted.
Is the debt higher today or lower than when Bush left office, or at any time since?

Everything I used were facts and I supplied the links too.
You couldn't refute the facts and they proved you're full of shit. But about everybody knows all about your credibility. You spew your opinion that are usually based on talking points and that's it.
There are some very good conservative posters on USMB and you aren't one of them, it's not even close.

You are an idiot, That much is fact. I described what happened. You ignored it, You also ignored the question of whether debt today is higher or lower than when Obama took office. Wonder why?

I'm sure you're quite butthurt that I again exposed your bullshit. It must suck to be you.
Regarding Obama's accumulated debt, I have consistently posted the "O" spends like a drunken sailor on steroids. Only an idiot wouldn't be aware of how much debt "O" is responsible for.
I'm not a goose-stepper like you. I think for myself, I don't need or want to ever be driven my ideological talking points. The thing with you Rabbi, anyone who thinks to the left of you, (which really isn't that hard) you surmise to be a lefty. In truth, I'd guess about 80% of Americans must be lefty socialist, , in your mind.

You exposed nothing but your own stupidity. What I wrote is 100% true and you never refuted it, nor could you because it is simply fact.
So in the end you agree that Obama has spent far more than Bush (more accurately the Democratic Congress since they approve this shit, he just went along) but somehow that makes me stupid. I'm stupid and you agree with me.
What a fucking dunce.

2 trillion of what you call Obama's spending has been on interest on the debt. Not on HIS debt either.

 

[Muhammed]

Simply put, the massive federal government deficit was created by the baby boomer generation.