Republicans lie about "explosion of spending" under Obama

[ilia25]

True, but spending more than money than the government took in is.

Man, I think I'll just put these in my signature:
Why government must keep spending through recession
The paradox of thrift

 

[Intense]

It is not only what you borrow, it is what you do with what you borrow.

It is not only what you spend, it is what you spend it on.

You blindly encourage and exploit incompetence and waste with other peoples hard earned money.

You want to piss it away and throw it away, convincing yourselves that you are doing good with it. Your Premise is flawed. You have no return because you blindly spend without thought to consequence. The Haves, Invest, The Have Not's spend, and have not, because they waste. Redistribution is Theft, not Virtue, it is not Justice, unless it is your own Property that you dispense.

 

[Intense]

the huge deficits came from spending, not the tax breaks...sheesh.

Um, I don't remember mentioning the tax breaks. There was a big fall in tax revenues when the recession started -- many businesses took a loss, many people lost their job and stopped paying income taxes. That fall in revenues has been the cause of the deficits.

The burden you add on cost of service and goods slows the exchange. Do you wait for the sales to end before you shop? You blame what you can't control. What else is new.

 

[ilia25]

It is not only what you borrow, it is what you do with what you borrow.

It is not only what you spend, it is what you spend it on.

You blindly encourage and exploit incompetence and waste with other peoples hard earned money.

You want to piss it away and throw it away, convincing yourselves that you are doing good with it. Your Premise is flawed. You have no return because you blindly spend without thought to consequence. The Haves, Invest, The Have Not's spend, and have not, because they waste. Redistribution is Theft, not Virtue, it is not Justice, unless it is your own Property that you dispense.

Excuse me for asking, but are you a human? Because that post looks like something a bot would generate.

 

[freedombecki]

Republicans lie about "explosion of spending" under Obama

It's no lie.

Obama's Economic Record Proves Keynes Was Wrong | Liberty Works |

That's quite an argument at your link, which I greatly appreciated reading.

 

[The T]

Republicans lie about "explosion of spending" under Obama

It's no lie.

Obama's Economic Record Proves Keynes Was Wrong | Liberty Works |

That's quite an argument at your link, which I greatly appreciated reading.

Same here. The poster received REP for it. That one went into the archives.

 

[The T]

It is not only what you borrow, it is what you do with what you borrow.

It is not only what you spend, it is what you spend it on.

You blindly encourage and exploit incompetence and waste with other peoples hard earned money.

You want to piss it away and throw it away, convincing yourselves that you are doing good with it. Your Premise is flawed. You have no return because you blindly spend without thought to consequence. The Haves, Invest, The Have Not's spend, and have not, because they waste. Redistribution is Theft, not Virtue, it is not Justice, unless it is your own Property that you dispense.

Excuse me for asking, but are you a human? Because that post looks like something a bot would generate.

The mere fact that YOU had to ask tells me that YOU are closed minded.

 

[newpolitics]

While giving the Republican Response to the State of the Union, Mitch Daniels repeated the lie about how government spending grew under Obama:

"In three short years, an unprecedented explosion of spending, with borrowed money, has added trillions to an already unaffordable national debt."

Well, that is a blatant lie. Here is how the spending really increased:

As anyone can see in the chart above, the government spending grew under Obama at the same rate they were growing under Bush's 8 years. There was an uptick in 2009 (that was the stimulus package), but since then there was no increase at all.

It is true, that the budget deficit exploded ten-fold around the time when Obama moved to the White House. But the reason for that were falling tax revenues as the economy tanked in the end of 2008 -- not an increase in the spending.

So why respected Republican leaders -- and not just Tea Party nuts -- keep repeating such an obvious lies? That is a good question, but it speaks a lot about the state of US democracy.

Translation: We blew a Trillion plus hole in the deficits our first year and we've been holding steady ever since. We even got our first ever credit downgrade

Do you really look at this fact without considering that what caused this maneuver was a response to a near great-depression??? Many republicans today have sequestered off causality from all of these numbers and figures they love to tout about spending and borrowing, forgetting (I don't know how), that it was republican deregulation that led to the Great Recession, and this response by Obama coming in to inherit this mess. Now, obviously still suffering amnesia, they complain of the all the regulation that hampers jobs, wanting instead, apparently, another great depression, so we can then spend more and go more into debt, and crash the world economy.

 

[mudwhistle]

While giving the Republican Response to the State of the Union, Mitch Daniels repeated the lie about how government spending grew under Obama:

"In three short years, an unprecedented explosion of spending, with borrowed money, has added trillions to an already unaffordable national debt."

Well, that is a blatant lie. Here is how the spending really increased:

As anyone can see in the chart above, the government spending grew under Obama at the same rate they were growing under Bush's 8 years. There was an uptick in 2009 (that was the stimulus package), but since then there was no increase at all.

It is true, that the budget deficit exploded ten-fold around the time when Obama moved to the White House. But the reason for that were falling tax revenues as the economy tanked in the end of 2008 -- not an increase in the spending.

So why respected Republican leaders -- and not just Tea Party nuts -- keep repeating such an obvious lies? That is a good question, but it speaks a lot about the state of US democracy.

Translation: We blew a Trillion plus hole in the deficits our first year and we've been holding steady ever since. We even got our first ever credit downgrade

Do you really look at this fact without considering that what caused this maneuver was a response to a near great-depression??? Republicans today have sequestered off causality from all of these numbers they love to tout.

You need a reality check.

Try watching "The Grapes of Wrath".

That's what a Great Depression was like.

Obama said that this was the worst economy since the Great Depression.

Then after nothing he did works he says that it was worse than he imagined.

Well....a God Damned Depression is just about as bad as one can imagine.

He says the problem is Bush left him a mess. Now he's got an even bigger mess.


Then he wants us to trust him because he figures even though his first 4 didn't work worth a shit we should give him 4 more because it'll be different next time.

He calls anyone who wants to cut spending a terrorist......and the only solution he has for the economy is tax the shit out of the rich.



Makes sense.......if you're congenitally stupid.

 

[newpolitics]

Translation: We blew a Trillion plus hole in the deficits our first year and we've been holding steady ever since. We even got our first ever credit downgrade

Do you really look at this fact without considering that what caused this maneuver was a response to a near great-depression??? Republicans today have sequestered off causality from all of these numbers they love to tout.

You need a reality check.

Try watching "The Grapes of Wrath".

That's what a Great Depression was like.

Obama said that this was the worst economy since the Great Depression.

Then after nothing he did works he says that it was worse than he imagined.

Well....a God Damned Depression is just about as bad as one can imagine.

He says the problem is Bush left him a mess. Now he's got an even bigger mess.


Then he wants us to trust him because he figures even though his first 4 didn't work worth a shit we should give him 4 more because it'll be different next time.

He calls anyone who wants to cut spending a terrorist......and the only solution he has for the economy is tax the shit out of the rich.



Makes sense.......if you're congenitally stupid.

I really think what you just said is really stupid. I read the grapes of wrath. I have an idea of how bad the great depression was. We almost went there again. That is where we were headed, and Obama and his administration saved us from that. You should be grateful. Instead, you're mad he didn't make it good enough for you. How pompous and arrogant. No republican could have done any better. What would you have done? Let everything fail, and have gone into a great depression just to pay homage to adam smith?

 

[Meister]

the huge deficits came from spending, not the tax breaks...sheesh.

Um, I don't remember mentioning the tax breaks. There was a big fall in tax revenues when the recession started -- many businesses took a loss, many people lost their job and stopped paying income taxes. That fall in revenues has been the cause of the deficits.

um, I guess when you posted, "Wrong. The deficits and excessive borrowing came from Bush's tax cuts."
You were just parsing the word tax cuts and tax breaks.
I can really see the difference that you're talking about now.

 

[CrusaderFrank]

Do you really look at this fact without considering that what caused this maneuver was a response to a near great-depression??? Republicans today have sequestered off causality from all of these numbers they love to tout.

You need a reality check.

Try watching "The Grapes of Wrath".

That's what a Great Depression was like.

Obama said that this was the worst economy since the Great Depression.

Then after nothing he did works he says that it was worse than he imagined.

Well....a God Damned Depression is just about as bad as one can imagine.

He says the problem is Bush left him a mess. Now he's got an even bigger mess.


Then he wants us to trust him because he figures even though his first 4 didn't work worth a shit we should give him 4 more because it'll be different next time.

He calls anyone who wants to cut spending a terrorist......and the only solution he has for the economy is tax the shit out of the rich.



Makes sense.......if you're congenitally stupid.

I really think what you just said is really stupid. I read the grapes of wrath. I have an idea of how bad the great depression was. We almost went there again. That is where we were headed, and Obama and his administration saved us from that. You should be grateful. Instead, you're mad he didn't make it good enough for you. How pompous and arrogant. No republican could have done any better. What would you have done? Let everything fail, and have gone into a great depression just to pay homage to adam smith?

With Dems, every discussion about economics starts with "Worst since the great Depression..."

 

[Quantum Windbag]

the huge deficits came from spending, not the tax breaks...sheesh.

Um, I don't remember mentioning the tax breaks. There was a big fall in tax revenues when the recession started -- many businesses took a loss, many people lost their job and stopped paying income taxes. That fall in revenues has been the cause of the deficits.

No it hasn't, the only way to run a deficit is to spend more money than you make. What caused the deficit was not cutting spending to match revenue.

 

[yidnar]

While giving the Republican Response to the State of the Union, Mitch Daniels repeated the lie about how government spending grew under Obama:

"In three short years, an unprecedented explosion of spending, with borrowed money, has added trillions to an already unaffordable national debt."

Well, that is a blatant lie. Here is how the spending really increased:

As anyone can see in the chart above, the government spending grew under Obama at the same rate they were growing under Bush's 8 years. There was an uptick in 2009 (that was the stimulus package), but since then there was no increase at all.

It is true, that the budget deficit exploded ten-fold around the time when Obama moved to the White House. But the reason for that were falling tax revenues as the economy tanked in the end of 2008 -- not an increase in the spending.

So why respected Republican leaders -- and not just Tea Party nuts -- keep repeating such an obvious lies? That is a good question, but it speaks a lot about the state of US democracy.

Obma is the sin and spend king !!! wars cost !!!! but now that we have left Iraq he hasn't cut spending !!! he is engaging in income redistribution !!! AND WHITEY IS FOOTING THE BILL!!!

 

[Vern]

ilia25-- I don't know what you have been smoking, but it has damaged your brain. The national debt has gone from ten Trillion to almost sixteen Trillion under Obama's rule.
If you check out what has been going on since the Dems took control of Congress in
2006 you will find that it was the Dems who have gotten us in this financial mess, not Bush, and thanks to Franks and Dodd our homes have lost 30% of there value. And you
talk about lies, Mr Obama has not told but one truth, and that he was going to change
the way Americans live.

 

[M14 Shooter]

No, he will not:

Projections? LOL

GWB ran up $4,899B in debt, to $10,625B when he left office.
The Obama has already run up $4,611 in debt. To double the debt when He took office - that is, to run up more debt than all of the Presidents before Him - He needs only $6014B more, and has 5 years to do it.

Why, exactly, do you think that He won't run $1,200B deficits thru the end of His 2nd term?

Because the economy will probably improve, which will lead to rising government revenues, which will reduce the sums that the government has to borrow in order to pay for the military and to send those social security checks.

So.... you dont have any REAL reason to think so, just a hope.

You also fail to address the growth of spending relative to the growth of revenue - if spending grows as fast or faster than revenue, then revenue growth doesnt reduce the deficit. What makes you thin The Obama will lower the rate of spending growth?

So, in the end you -hope- that The Obama wont borrow more money than all the other Presidents combined, but you have no -real- reason to think it wont be the case.

 

[M14 Shooter]

There has been an explosion in DEFICIT spending. Regardless of the reasons or excuses, the President of the country gets the blame (or credit) Sorry Obama, blaming Bush won't work anymore.

No.... the decision was made to run up the debt rather than cut spendng to match revenue.
Nothing -forces- the government to spend anything, and so there's no way to argue that the money -had- to be borrowed.

Well, I guess I just have to keep posting these links:
Why government must keep spending through recession
The paradox of thrift

The economy during a recession is a paradox -- what was a virtue in the good times becomes a vice.

Nothing you have posted changes the fact that deficit spending is a willful choice.

 

[M14 Shooter]

"In three short years, an unprecedented explosion of spending, with borrowed money, has added trillions to an already unaffordable national debt."

The only "lie" here is using the term "explosion" to characterize the spending.
The part about spending increases, borrowed money and adding trillions to the debt are all true.

The lie is to suggest that our debt problems are the result of Obama's big socialist government. That is what Republicans are telling on every corner and that is a lie.

Funny.. I dont see that claim in what you posted and what I responded to.
Moving the goalposts now that you know the original claim is indefensible?
Why yes, yes you are.

 

[The T]

You need a reality check.

Try watching "The Grapes of Wrath".

That's what a Great Depression was like.

Obama said that this was the worst economy since the Great Depression.

Then after nothing he did works he says that it was worse than he imagined.

Well....a God Damned Depression is just about as bad as one can imagine.

He says the problem is Bush left him a mess. Now he's got an even bigger mess.


Then he wants us to trust him because he figures even though his first 4 didn't work worth a shit we should give him 4 more because it'll be different next time.

He calls anyone who wants to cut spending a terrorist......and the only solution he has for the economy is tax the shit out of the rich.



Makes sense.......if you're congenitally stupid.

I really think what you just said is really stupid. I read the grapes of wrath. I have an idea of how bad the great depression was. We almost went there again. That is where we were headed, and Obama and his administration saved us from that. You should be grateful. Instead, you're mad he didn't make it good enough for you. How pompous and arrogant. No republican could have done any better. What would you have done? Let everything fail, and have gone into a great depression just to pay homage to adam smith?

With Dems, every discussion about economics starts with "Worst since the great Depression..."

Clinton tried that shit too.

 

[g5000]

Spending has increased. you're not denying that are you?

The rate of increase has not.

But revenues have plunged.

If you are increasing spending at the same rate you always have, but have much less money coming in, your debt is going to explode.

Tax revenues have averaged approximately 18.3% of gross domestic product (GDP) over the 1970-2009 period, generally ranging plus or minus 2% from that level. Tax revenues are significantly affected by the economy. Recessions typically reduce government tax collections as economic activity slows. For example, tax revenues declined from $2.5 trillion in 2008 to $2.1 trillion in 2009, and remained at that level in 2010. During 2009, individual income taxes declined 20%, while corporate taxes declined 50%. At 14.9% of GDP, the 2009 and 2010 collections were the lowest level of the past 50 years.

United States federal budget - Wikipedia, the free encyclopedia