Hey obama - Isn't $3.8 trillion enough for you???

[ShootSpeeders]

Repubs are just asking to keep govt the same size it is now. But you insist it must grow and grow and grow. You are a crazy extremist socialist with this idiotic idea that government creates wealth!!!!

History tells us that govt can't do anything right and socialism always fails. Let's shrink govt and bring back capitalism.

 

[KissMy]

The government spending that exploded under Bush has been & is being cut as it should.

 

[ShootSpeeders]

You are a lying yellow dog. The maximum budget under bush was in 2008 at $2.9 trillion. Way too high yes, but obozo has gone way beyond that. Obozo wants to expand welfare and thus buy more votes for dems.

 

[eagle1462010]

The government spending that exploded under Bush has been & is being cut as it should.

Nice graph.

Spiked due to Bail outs and Stimulus plans. Of course it will go up when your dumping currency into the system.

Using this to justify he's saving money is utter BS.

Riddle me this.

My bills are $100,000.
I can only pay $66,000.
I borrow $34,000 to pay the bills.

I then decide to go on a borrowing spree, cranking up the credit cards and borrow another $100,000 grand.

Now my bills are $120,000.
I can only pay $66,000.
I borrow $54,000 to pay the bills.

And say I'm saving money.

 

[CrusaderFrank]

Repubs are just asking to keep govt the same size it is now. But you insist it must grow and grow and grow. You are a crazy extremist socialist with this idiotic idea that government creates wealth!!!!

History tells us that govt can't do anything right and socialism always fails. Let's shrink govt and bring back capitalism.

Wrong.

Government creates wealth

Sen. Diane Feinstein's Husband Selling Post Offices to Cronies on the Cheap

 

[KissMy]

Fact is Bush & the Republican Congress took Government Spending from 32% to 43% of GDP. Republicans have zero credibility on fiscal responsibility, markets or government spending. Since 2009 the year Obama & Democrats took over, spending fell 5% from 43% to 38% of GDP. That is the same amount Clinton did when he drove spending down from 37% to 32% of GDP.

Official US Government Spending
1993: $1.41 trillion
1994: $1.46 trillion
1995: $1.52 trillion
1996: $1.56 trillion
1997: $1.60 trillion
1998: $1.65 trillion
1999: $1.70 trillion
2000: $1.79 trillion
2001: $1.86 trillion
2002: $2.01 trillion
2003: $2.16 trillion
2004: $2.29 trillion
2005: $2.47 trillion
2006: $2.66 trillion
2007: $2.73 trillion
2008: $2.98 trillion
2009: $3.52 trillion
2010: $3.46 trillion
2011: $3.60 trillion
2012: $3.54 trillion

Here is the big picture. Government spending is only down a little from a really high level it spiked to from bailout & stimulus. Deficit spending exploded during the end of Bush & beginning of Obama's term. This is mainly due to the bailouts, tax loopholes & stimulus. Government income is way down. Way more work must be done or the USA will be the next Detroit of Greece.

 

[auditor0007]

You are a lying yellow dog. The maximum budget under bush was in 2008 at $2.9 trillion. Way too high yes, but obozo has gone way beyond that. Obozo wants to expand welfare and thus buy more votes for dems.

Bush is mostly responsible for 2009 spending as the budget was passed long before Obama took office. Spending for 2009 was approximately $3.7 trillion. Spending for 2013 is estimated at about $3.5 trillion, so spending has come down slightly. The good news is that revenues have gone up considerably since 2009 when the federal government only collected $2.2 trillion, leaving us with a deficit of nearly $1.5 trillion. This year the deficit will have shrunk to $600 to $700 billion, so a big improvement. The problem is that spending is likely to ramp up again in a few years, so even if the deficit comes down a bit more, our long term obligations to SS, Medicare, and Medicaid, along with Obamacare are going to increase spending substantially. Entitlement spending is still the big elephant in the room that must be addressed, and it will have to be addressed either through higher taxes, or reduced benefits, or a combination of both.

 

[Avorysuds]

Fact is Bush & the Republican Congress took Government Spending from 32% to 43% of GDP. Republicans have zero credibility on fiscal responsibility, markets or government spending. Since 2009 the year Obama & Democrats took over, spending fell 5% from 43% to 38% of GDP. That is the same amount Clinton did when he drove spending down from 37% to 32% of GDP.

Official US Government Spending
1993: $1.41 trillion
1994: $1.46 trillion
1995: $1.52 trillion
1996: $1.56 trillion
1997: $1.60 trillion
1998: $1.65 trillion
1999: $1.70 trillion
2000: $1.79 trillion
2001: $1.86 trillion
2002: $2.01 trillion
2003: $2.16 trillion
2004: $2.29 trillion
2005: $2.47 trillion
2006: $2.66 trillion
2007: $2.73 trillion
2008: $2.98 trillion
2009: $3.52 trillion
2010: $3.46 trillion
2011: $3.60 trillion
2012: $3.54 trillion

Here is the big picture. Government spending is only down a little from a really high level it spiked to from bailout & stimulus. Deficit spending exploded during the end of Bush & beginning of Obama's term. This is mainly due to the bailouts, tax loopholes & stimulus. Government income is way down. Way more work must be done or the USA will be the next Detroit of Greece.

Now add in the trillion + a year the FED-R spends under Obama on stimulus and you have a deficit of over 2 trillion a year. More or less the FED-R spending is like Bush having the wars off the books. You credit Obama for the markets looking good, well, if you do that then you need to hold him accountable for the 87 billion a month spend in doing so.

bye~

 

[KissMy]

Now add in the trillion + a year the FED-R spends under Obama on stimulus and you have a deficit of over 2 trillion a year. More or less the FED-R spending is like Bush having the wars off the books. You credit Obama for the markets looking good, well, if you do that then you need to hold him accountable for the 87 billion a month spend in doing so.

bye~

The Federal Reserve money is included in the spending. Where do you think the deficit money is coming from?

I never "credit Obama for the markets looking good". That is the Federal Reserve pumping up Wallstreet. Although Obama did pic Bernanke to do that.

 

[KissMy]

The government spending that exploded under Bush has been & is being cut as it should.

Nice graph.

Spiked due to Bail outs and Stimulus plans. Of course it will go up when your dumping currency into the system.

Using this to justify he's saving money is utter BS.

Riddle me this.

My bills are $100,000.
I can only pay $66,000.
I borrow $34,000 to pay the bills.

I then decide to go on a borrowing spree, cranking up the credit cards and borrow another $100,000 grand.

Now my bills are $120,000.
I can only pay $66,000.
I borrow $54,000 to pay the bills.

And say I'm saving money.

You should look at how your bills got to $120,000 in the first place. Then start cutting cost as fast as possible without losing your home, getting the power shut off or the interest rate hiked on your credit card. Then find another job to cover your bills & debts.

FYI - The economics of a country with a world reserve currency & the printing press are nothing like household budgets. True inflation ran 8.5% during the Bush years. It has not cracked 2% under Obama.

 

[eagle1462010]

The government spending that exploded under Bush has been & is being cut as it should.

Nice graph.

Spiked due to Bail outs and Stimulus plans. Of course it will go up when your dumping currency into the system.

Using this to justify he's saving money is utter BS.

Riddle me this.

My bills are $100,000.
I can only pay $66,000.
I borrow $34,000 to pay the bills.

I then decide to go on a borrowing spree, cranking up the credit cards and borrow another $100,000 grand.

Now my bills are $120,000.
I can only pay $66,000.
I borrow $54,000 to pay the bills.

And say I'm saving money.

You should look at how your bills got to $120,000 in the first place. Then start cutting cost as fast as possible without losing your home, getting the power shut off or the interest rate hiked on your credit card. Then find another job to cover your bills & debts.

FYI - The economics of a country with a world reserve currency & the printing press are nothing like household budgets. True inflation ran 8.5% during the Bush years. It has not cracked 2% under Obama.

LOL

The Feds policy under Obama is Deflationary via the Federal Reserve dumping Currency into it. So spare me on that issue.

My example is about debt in general, and opening the printing presses to pay the bills at larger levels and say it's good is utter BS.