The bottom line is, the government is spending the nation into bankruptcy and nobody but us conservatives seem to care. You said TARP was a one time allocation. Yes it was. But once the TARP money was spent and the stimulus package money was spent, they kept right on spending at those new higher levels every single year since and as far into the future as it is possible to speculate. Government has done that for a very long time. Once we let them spend it, however temporary it is supposed to be, it NEVER gets rolled back. It just gets relabeled into something else.
And that is why we are adding mega billions to the national debt every single day and, unless somebody stops them, they will absorb the entire economy into the government or government control just to fuel that debt.
And again, nobody seems to care but the conservatives.
Your assumption that only conservatives care is false. So is your assumption that the levels of higher spending were maintained. The deficit spending has been dropping ever since it reached a peak because of the 2008 economic collapse. If you want to ignore the FACTS then there is no point in having this discussion. If you want to just blame government without proposing any concrete solutions then there is no point in having this discussion either. We the People are the government so what are We the People going to do about this situation? Blame everyone but ourselves? Try to force a one sided "solution" down the throats of others? Or find a common solution that works for everyone?
And you keep moving the goal posts. I wasn't talking about deficit spending. I was talking about spending. Whether they borrow the money or drain the economy of it, it has largely the same effect. They spend more year after year after year. If you can show me ANY year in recent history that the government spent less or even close to the same amount as the year before, you might have some justification for your passionate defense of them.
And reductions in trillion dollar deficits don't mean a hell of a lot when deficits are projected to never get much below $400 billion a year for the next decade and that 'low' amount will be brief and fleeting.
We have had four straight years of $1 trillion plus deficits. The CBO projects a $669 billion deficit this year due to sequestration and slight improvement in the economy, but I'll believe that when I see it.
Obama's budget projects reduction in the deficit of $1.1 trillion over the next ten years. That would be less than 10% of the deficits we have been running. This also supposes that we really will save the money with the wars in Iraq and Afghanistan winding down and assumes that Congress won't spend the money saved on something else. Which they have always done for a long time now. And the projection is based on Obama's assumption that the economy will generate $6 in revenues for every $1 in spending increases over the next 10 years. That is a HUGE assumption. But there is ZERO assumption that they will even try to balance a budget.
And nobody seems to care but the conservatives. Everybody else tries to divert attention from it, mnimalize it, excuse it, ignore it, blame Bush, or pretend that promised 10% reduction in the deficit is significant--anybody want to buy a nice bridge or two?
The CBO is required to use the projections the Congress and/or the President feed to it. As a result it is rarely, if ever, accurate in its projections. But even if we go with the CBO's projections:
Overall, the budget office says Obama's budget would produce $5.2 trillion in red ink through 2023. That is $1.1 trillion less than the deficits that would be generated over that time if no tax or spending laws are changed.
CBO: Obama budget cuts deficits $1.1T by 2023 | Deseret News
Now is this okay with you? Or is it still only the conservatives who care?