White House says Republicans co-own legacy of record $19 trillion debt

[leftwinger]

President Obama did not create a yearly $1.5 trillion deficit. It was handed to him. And he has reduced those yearly $1.5 trillion deficits by two-thirds.

That looks nice. But at the risk of bringing more charts from ICE (and pain) I would add. TARP was in one of those high years, at what $786B + GWB put in $350Bil stimulus one year. This is one time stuff.

Then BHO put in $1T stimulus, one time deal. But kept it every year.......huh? Then TARP paid back to BHO revenue as free income.

don't shoot the messenger, these are legit "questions/observations". roughly from memory.

roughly from memory


There's your problem, Num.....


$114 billion in stimulus spending. Obama signed the stimulus bill Feb. 17. While headlines proclaimed a $787 billion price tag, about 27 percent of the total was actually for tax cuts, not spending. And most of the spending didn’t take place until after fiscal 2009. CBO initially put the total spent in fiscal 2009 at $107.8 billion, but the following year it revised the figure upward to $114 billion, in a report issued in August 2010 (page 13).

Obama’s Spending: ‘Inferno’ or Not?


How long do you think you will retain that this time?

Thanks. I suppose my point was One Time Spending items ended up baked in as Annual Spending.

 

[Rustic]

Obama added more debt than every US President from Washington to Bush ... COMBINED, setting new records for 'monthly', 'annual', and 'total' deficit spending in the process.

So specifically, what did Obama spend all that money on? He got his bail out, his stimulus and health care. But those don't add up to the total debt you attribute to Obama.

What was the rest of the spending on?

On costs that were passed before he became president. But, those expenses are also on him because as president he had the ability to try to change things. If the spending on Social Security, Medicare, Defense, etc. caused our debt, the man in the chair at the time "caused" it by not changing anything.

Mark

Wrong......Mandatory spending is legislated......and it requires legislation to change it.....

Career politicians and their federal government are bullshit artists perfected over two centuries, their tax, spend and print policy's put us where we are today... The debt/unfunded liabilities are far too large to ever pay for.
Our kids and grandkids are going to be living in a world of shit and piss, thanks to socialism.

 

[80zephyr]

Obama added more debt than every US President from Washington to Bush ... COMBINED, setting new records for 'monthly', 'annual', and 'total' deficit spending in the process.

So specifically, what did Obama spend all that money on? He got his bail out, his stimulus and health care. But those don't add up to the total debt you attribute to Obama.

What was the rest of the spending on?

On costs that were passed before he became president. But, those expenses are also on him because as president he had the ability to try to change things. If the spending on Social Security, Medicare, Defense, etc. caused our debt, the man in the chair at the time "caused" it by not changing anything.

Mark

Wrong......Mandatory spending is legislated......and it requires legislation to change it.....

Well then, no president "owes" a debt. If the next president inherits spending of 1 trillion a year, he either owns it or tries to change it.

Otherwise, saying Obama or Bush(or any president) owns a Social Security deficit(other than FDR) would also be wrong, by your reasoning.

Mark

 

[9aces]

OF COURSE THE WH / OBAMA is declaring that. To be honest, he is of course correct. I am sure he wishes, though - as he will falsely try to claim they do - the GOP has a bigger share of it.

With the the help of a near-Super Majority controlled Liberal Congress that controlled spending / the budget the last years of Bush's administration and the 1st 2 years of Obama's, Obama added over $6 trillion in new debt in only 4 years.

Obama added more debt than every US President from Washington to Bush ... COMBINED, setting new records for 'monthly', 'annual', and 'total' deficit spending in the process.

So what does he do, as the OP shares with us? Barry does / did what he does best -- Point his finger and blame others.

When do you stop lying?

Forget the reality that Obama was handed a trillion dollar deficit with a cratered economy ... your idiotic claim isn't even true.

Total combined debt from Washington to Bush....

10,626,877,048,913

Total debt increased under Obama (as of yesterday)...

7,472,165,188,341

Maybe 7.5T is more than 10.6T in conserva-la-la land -- but not here on planet Earth, it's not.

mea culpa....

The increase under Obama.....

8,348,842,778,218

Yeah, and he'll top 9 trillion on his watch before he's done. Might even hit 10 trillion.

 

[Faun]

$6+ Trillion his 1st 4 years
$2.3 Trillion the next 3 years
(Thank goodness the GOP re-took the House / budget / spending)

Spending for FY2015 was an all-time high.

Damn, and your were doing so well.

 

[IcebergSlim]

From your link......................

“To understand the long-term trends here, we have to take a look at what exactly happened when the last Democratic president was leaving office. He was passing off budget surpluses as far as the eye could see to his successor,” Josh Earnest said at the daily White House briefing.


President George W. Bush proceeded to put in place tax cuts for the wealthy and launched a ground war in the Middle East “all without paying for it,” he added.



That led to the Great Recession that put enormous pressure on the federal budget, Earnest said.

Even your link is blaming Jr.

Not only did he give tax cuts to the wealthy, he gave them another one AFTER the war had started.

It'd probably help if the government had actually had a surplus since 1957.

Take it up with OMB

 

[Faun]

OF COURSE THE WH / OBAMA is declaring that. To be honest, he is of course correct. I am sure he wishes, though - as he will falsely try to claim they do - the GOP has a bigger share of it.

With the the help of a near-Super Majority controlled Liberal Congress that controlled spending / the budget the last years of Bush's administration and the 1st 2 years of Obama's, Obama added over $6 trillion in new debt in only 4 years.

Obama added more debt than every US President from Washington to Bush ... COMBINED, setting new records for 'monthly', 'annual', and 'total' deficit spending in the process.

So what does he do, as the OP shares with us? Barry does / did what he does best -- Point his finger and blame others.

When do you stop lying?

Forget the reality that Obama was handed a trillion dollar deficit with a cratered economy ... your idiotic claim isn't even true.

Total combined debt from Washington to Bush....

10,626,877,048,913

Total debt increased under Obama (as of yesterday)...

7,472,165,188,341

Maybe 7.5T is more than 10.6T in conserva-la-la land -- but not here on planet Earth, it's not.

mea culpa....

The increase under Obama.....

8,348,842,778,218

Yeah, and he'll top 9 trillion on his watch before he's done. Might even hit 10 trillion.

And it will still be less than all presidents combined from Washington to Bush.

The only president to increase the debt more than every president before him, combined.....

.... was Reagan.

 

[IcebergSlim]

OF COURSE THE WH / OBAMA is declaring that. To be honest, he is of course correct. I am sure he wishes, though - as he will falsely try to claim they do - the GOP has a bigger share of it.

With the the help of a near-Super Majority controlled Liberal Congress that controlled spending / the budget the last years of Bush's administration and the 1st 2 years of Obama's, Obama added over $6 trillion in new debt in only 4 years.

Obama added more debt than every US President from Washington to Bush ... COMBINED, setting new records for 'monthly', 'annual', and 'total' deficit spending in the process.

So what does he do, as the OP shares with us? Barry does / did what he does best -- Point his finger and blame others.

When do you stop lying?

Forget the reality that Obama was handed a trillion dollar deficit with a cratered economy ... your idiotic claim isn't even true.

Total combined debt from Washington to Bush....

10,626,877,048,913

Total debt increased under Obama (as of yesterday)...

7,472,165,188,341

Maybe 7.5T is more than 10.6T in conserva-la-la land -- but not here on planet Earth, it's not.

mea culpa....

The increase under Obama.....

8,348,842,778,218

Yeah, and he'll top 9 trillion on his watch before he's done. Might even hit 10 trillion.

The bulk of it was "spent forward" by the fiscal profligate who preceded Obama....

 

[Rustic]

The sad thing is, it does not take an village. If everyone tends to their own house. But the career politicians and their federal government brainwashed bleeding heart drones to think so.
Lol

 

[IcebergSlim]

President Obama did not create a yearly $1.5 trillion deficit. It was handed to him. And he has reduced those yearly $1.5 trillion deficits by two-thirds.

That looks nice. But at the risk of bringing more charts from ICE (and pain) I would add. TARP was in one of those high years, at what $786B + GWB put in $350Bil stimulus one year. This is one time stuff.

Then BHO put in $1T stimulus, one time deal. But kept it every year.......huh? Then TARP paid back to BHO revenue as free income.

don't shoot the messenger, these are legit "questions/observations". roughly from memory.

roughly from memory


There's your problem, Num.....


$114 billion in stimulus spending. Obama signed the stimulus bill Feb. 17. While headlines proclaimed a $787 billion price tag, about 27 percent of the total was actually for tax cuts, not spending. And most of the spending didn’t take place until after fiscal 2009. CBO initially put the total spent in fiscal 2009 at $107.8 billion, but the following year it revised the figure upward to $114 billion, in a report issued in August 2010 (page 13).

Obama’s Spending: ‘Inferno’ or Not?


How long do you think you will retain that this time?

Thanks. I suppose my point was One Time Spending items ended up baked in as Annual Spending.

If spending had continued to grow at the same rate as established by Scrub (exclusive of Iraqnam and Recession Remediation), the federal budget would be roughly 25% higher than what will be spent in FY 2016.......

 

[IcebergSlim]

The sad thing is, it does not take an village. If everyone tends to their own house. But the career politicians and their federal government brainwashed bleeding heart drones to think so.
Lol

Let me ask you again....

Who is the most fiscally responsible POTUS for whom you have voted?

 

[Rustic]

From your link......................

“To understand the long-term trends here, we have to take a look at what exactly happened when the last Democratic president was leaving office. He was passing off budget surpluses as far as the eye could see to his successor,” Josh Earnest said at the daily White House briefing.


President George W. Bush proceeded to put in place tax cuts for the wealthy and launched a ground war in the Middle East “all without paying for it,” he added.



That led to the Great Recession that put enormous pressure on the federal budget, Earnest said.

Even your link is blaming Jr.

Not only did he give tax cuts to the wealthy, he gave them another one AFTER the war had started.

It'd probably help if the government had actually had a surplus since 1957.

Take it up with OMB

There is still an outstanding balance, meaningless if there is still debt.

 

[Rustic]

The sad thing is, it does not take an village. If everyone tends to their own house. But the career politicians and their federal government brainwashed bleeding heart drones to think so.
Lol

Let me ask you again....

Who is the most fiscally responsible POTUS for whom you have voted?

There has not been one, responsible that is.
I don't vote for career politicians.
They own the federal government and look at the shape it is in, for many, many decades now. It could not suck more...

 

[IcebergSlim]

From your link......................

“To understand the long-term trends here, we have to take a look at what exactly happened when the last Democratic president was leaving office. He was passing off budget surpluses as far as the eye could see to his successor,” Josh Earnest said at the daily White House briefing.


President George W. Bush proceeded to put in place tax cuts for the wealthy and launched a ground war in the Middle East “all without paying for it,” he added.



That led to the Great Recession that put enormous pressure on the federal budget, Earnest said.

Even your link is blaming Jr.

Not only did he give tax cuts to the wealthy, he gave them another one AFTER the war had started.

It'd probably help if the government had actually had a surplus since 1957.

Take it up with OMB

There still an outstanding balance, meaningless if there is still debt.

That's nonsense........

Who is the most fiscally responsible POTUS for whom you have ever voted?

 

[IcebergSlim]

The sad thing is, it does not take an village. If everyone tends to their own house. But the career politicians and their federal government brainwashed bleeding heart drones to think so.
Lol

Let me ask you again....

Who is the most fiscally responsible POTUS for whom you have voted?

There has not been one, responsible that is.
I don't vote for career politicians.
They own the federal government and look at the shape it is in, for many, many decades now. It could not suck more...

In my voting lifetime, two POTUS have (or will) bequeath smaller deficits to their successor than those they inherited.....I voted for both...

You?

 

[IcebergSlim]

$6+ Trillion his 1st 4 years
$2.3 Trillion the next 3 years
(Thank goodness the GOP re-took the House / budget / spending)

Who is the most fiscally responsible POTUS for whom you have voted?

 

[Rustic]

From your link......................

“To understand the long-term trends here, we have to take a look at what exactly happened when the last Democratic president was leaving office. He was passing off budget surpluses as far as the eye could see to his successor,” Josh Earnest said at the daily White House briefing.


President George W. Bush proceeded to put in place tax cuts for the wealthy and launched a ground war in the Middle East “all without paying for it,” he added.



That led to the Great Recession that put enormous pressure on the federal budget, Earnest said.

Even your link is blaming Jr.

Not only did he give tax cuts to the wealthy, he gave them another one AFTER the war had started.

It'd probably help if the government had actually had a surplus since 1957.

Take it up with OMB

There still an outstanding balance, meaningless if there is still debt.

That's nonsense........

Who is the most fiscally responsible POTUS for whom you have ever voted?

Like I said I don't vote for career politicians, them and their federal government can never be trusted.

 

[leftwinger]

If spending had continued to grow at the same rate as established by Scrub (exclusive of Iraqnam and Recession Remediation), the federal budget would be roughly 25% higher than what will be spent in FY 2016.......

I don't deny your chart slope was up late 2000s'. note, GWB also had bad costly stuff happen (listed many times) during his years from start to finish. Deficit in 2007 was ~150 bil?

 

[Rustic]

The sad thing is, it does not take an village. If everyone tends to their own house. But the career politicians and their federal government brainwashed bleeding heart drones to think so.
Lol

Let me ask you again....

Who is the most fiscally responsible POTUS for whom you have voted?

There has not been one, responsible that is.
I don't vote for career politicians.
They own the federal government and look at the shape it is in, for many, many decades now. It could not suck more...

In my voting lifetime, two POTUS have (or will) bequeath smaller deficits to their successor than those they inherited.....I voted for both...

You?

I have not voted in national races, all career politicians. I had no choice.
BTW no POTUS has paid of the debt, at the end of every day of their presidency there has been an outstanding balance, when it's zero I will be impressed.
But we all know that will never happen...
Lol

 

[ZackB]

From your link......................

“To understand the long-term trends here, we have to take a look at what exactly happened when the last Democratic president was leaving office. He was passing off budget surpluses as far as the eye could see to his successor,” Josh Earnest said at the daily White House briefing.


President George W. Bush proceeded to put in place tax cuts for the wealthy and launched a ground war in the Middle East “all without paying for it,” he added.



That led to the Great Recession that put enormous pressure on the federal budget, Earnest said.

Even your link is blaming Jr.

Not only did he give tax cuts to the wealthy, he gave them another one AFTER the war had started.

Tax cuts and killing Saddam and Taliban is money well spent when compared to Obama's "stimulus", Solyndra, and "cash for clunkers" debacle. Perhaps you folks on the left need to get your heads examined ...ASAP!