Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since

Discussion in 'Economy' started by TruthOut10, Jan 22, 2013.

  1. TruthOut10
    Offline

    TruthOut10 Active Member

    Joined:
    Dec 3, 2012
    Messages:
    627
    Thanks Received:
    88
    Trophy Points:
    28
    Ratings:
    +88
    Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower

    Government spending under President Obama has grown at a slower rate than it did under any president since Dwight D. Eisenhower was in office six decades ago, according to an analysis from Bloomberg. That may not jibe with the conservative complaints that Obama has overseen a massive growth in government spending, but it’s true:


    Federal outlays over the past three years grew at their slowest pace since 1953-56, when Dwight D. Eisenhower was president. Expenditures as a share of the economy sank last year to 22.8 percent, their lowest level since 2008, according to Congressional Budget Office data. That’s down from 24.1 percent in 2011 and a 64-year high of 25.2 percent in 2009, when Obama pushed through an $831 billion stimulus package. [...]

    Spending grew just 0.6 percent from 2009 to 2012, according to data compiled by Bloomberg from government reports.

    Under Obama, Government Spending Has Grown More Slowly Than Under Any President Since Eisenhower | ThinkProgress
     
    • Thank You! Thank You! x 1
  2. S.J.
    Offline

    S.J. Gold Member

    Joined:
    Nov 28, 2012
    Messages:
    26,893
    Thanks Received:
    5,181
    Trophy Points:
    290
    Location:
    So. Cal.
    Ratings:
    +20,817
    Yeah, right!!!!! :lol::lol::lol::lol::lol::lol::lol::lol::lol::lol:
     
  3. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    • Thank You! Thank You! x 1
  4. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,269
    Thanks Received:
    14,920
    Trophy Points:
    2,210
    Ratings:
    +37,076
    So who is racking up the annual trillion deficits?
     
  5. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    Crusader, lets see if we can educate you. If you have a gov, it costs to run it. So, you have outflows. Kind of like writing checks. You know, wars in two countries, police, fire, medicare, etc. Got it. That is kind a like writing checks on your account, for things that are already appropriated.

    Then, crusader, there are inflows. You know, incoming revenue to the gov. Mostly from income taxes.
    When you decrease jobs, you decrease income taxes. Get it yet??? When you have decreased revenue for companies, you decrease income taxes. Kind a like your pay was decreased.

    So, spending went up very little, comparatively. But income went down greatly.

    Now, I made this look really simple for you. What is it that you do not understand??
     
  6. S.J.
    Offline

    S.J. Gold Member

    Joined:
    Nov 28, 2012
    Messages:
    26,893
    Thanks Received:
    5,181
    Trophy Points:
    290
    Location:
    So. Cal.
    Ratings:
    +20,817
    Yeah, that looks like a real credible website. :lol::lol::lol::lol::lol:
     
  7. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    It is. Glad you approve, dipshit.
     
  8. S.J.
    Offline

    S.J. Gold Member

    Joined:
    Nov 28, 2012
    Messages:
    26,893
    Thanks Received:
    5,181
    Trophy Points:
    290
    Location:
    So. Cal.
    Ratings:
    +20,817
    Name calling, the preferred tactic of those who have no intelligent argument. In other words - liberals.
     
  9. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Yeah, it has "grown more slowly" because the baselines were jacked way the fuck up.

    Another lame-assed socialist dickweed yapping point bites the dust.
     
    • Thank You! Thank You! x 2
  10. Rshermr
    Offline

    Rshermr VIP Member

    Joined:
    May 30, 2012
    Messages:
    5,804
    Thanks Received:
    287
    Trophy Points:
    85
    Location:
    LaConner, WA
    Ratings:
    +855
    Not actually. I just do not like people who post without saying anything. You said: Yeah, that looks like a real credible website

    I said it is. And you are a dipshit for saying nothing more than what you said above. Say something that has some indication of brain activity. Find a reason why the link is not credible. You know, like why the data used was incorrect. See why I call you a dipshit. You are exhibiting no visible intelligent life.
     

Share This Page

Search tags for this page

what part of federal government spending has grown the most slowly