Why republicans should stop whining about the debt that has accumulated under Obama

[bendog]

Tax cuts don't create debt. Spending does

You are wrong and always will be wrong. Tax cutting and over spending amount the same thing.

Got news for you...

Both theories have credence.

Trickle down works in a certain economic climate and trickle up works in the right economic climate.

Anyone who says otherwise has absolutely no idea what they are talking about.

yeah, but using debt dollars to do either is a fools errand unless we're in a recession free fall.

 

[Spiderman]

You are wrong and always will be wrong. Tax cutting and over spending amount the same thing.

No they are not.

Tell me if you got a pay cut would you say your expenses went up?

I am not talking about my expenses. I am talking about the gov's expenses. Less revenue means more money the gov needs to borrow to pay its bills.

It's an analogy you moron.

You speak as if the government cannot spend less. You are of course wrong.

 

[Brain357]

Obama said Bush's deficit spending was unpatriotic.

Bush never said such a thing.

So are you saying that Obama is no better than Bush?

Interesting seeing as most on the left on this board see Bush as the worst in Modern history and Obama as the best in modern history.

But the best does the same as the worst.

Got it.

I for one am no fan of either. For me Clinton was the best modern president. We did get a balanced budget after all. He had flaws and certainly didn't do it all on his own, but bottom line is it got done while he was president.

Yes. Clinton was a great President....during his second 4 years. He tried to lean left, but his intelligence made him realize that the middle is what the country needed. If he was afforded a 3rd term, he had my vote. And Hillary may have had mine as well in 2008 if she won the porimaries....as a conservative, I believe the worst things we can have as President is a devout conservative or a far left liberal.

I sort of hoped Obama would do the same....but heck...he has doubled down on his first term failures. Did you see his nominee for Surgeon General? No offense....but you cant have anyone with such strong sentiments on a NON MEDICAL social issue take over as the chief surgeon.

Unless, of course, Obama does not believe there are other well qualified directors of Surgery in the country.

Sadly it seems like everyone is leaning too far to one side now. Obama was a weak president going into the last election and should have been beat. If the Republicans would have run somebody moderate and likeable they would have won.

 

[Redfish]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.

President Barack Obama - The second largest contributor to the debt dollar-wise was President Obama. He added $4.8 trillion, a 41% increase, in just one term. Obama's budgets included the economic stimulus package, which added $787 billion by cutting taxes, extending unemployment benefits, and funding job-creating public works projects. The Obama tax cuts added $858 billion to the debt over two years. Obama's budget included increased defense spending to around $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis.

Both Presidents Bush and Obama had to contend with higher mandatory mandatory spending for Social Security and Medicare. He also sponsored the Patient Protection and Affordable Care Act, which was designed to reduce the debt by $143 billion over 10 years. However, these savings didn't show up until the later years.

US Debt by President

Of course, all this being said, I do agree Obama has spent too much on defense and he shouldn't have extended Bush's tax cuts. My point is that Repubs are ignorant about what exactly Obama's expenses are.

I don't want to whine, but I'm damn pissed off over the debt under W and Obama. And I'm not real giddy about a new entitlement, though I admit the uninsured was a hemorrhaging (-: problem

me too. obama will have doubled it.

uninsured did not mean untreated. no one was being denied treatment before obamacare. it was a fix for a nonexistent problem.

there will be just as many uninsured under obamacare as there were before--according to the CBO. But we now have a huge govt beaurocracy to pay for that did not exist before. it was terrible legislation.

 

[Redfish]

I for one am no fan of either. For me Clinton was the best modern president. We did get a balanced budget after all. He had flaws and certainly didn't do it all on his own, but bottom line is it got done while he was president.

Yes. Clinton was a great President....during his second 4 years. He tried to lean left, but his intelligence made him realize that the middle is what the country needed. If he was afforded a 3rd term, he had my vote. And Hillary may have had mine as well in 2008 if she won the porimaries....as a conservative, I believe the worst things we can have as President is a devout conservative or a far left liberal.

I sort of hoped Obama would do the same....but heck...he has doubled down on his first term failures. Did you see his nominee for Surgeon General? No offense....but you cant have anyone with such strong sentiments on a NON MEDICAL social issue take over as the chief surgeon.

Unless, of course, Obama does not believe there are other well qualified directors of Surgery in the country.

Sadly it seems like everyone is leaning too far to one side now. Obama was a weak president going into the last election and should have been beat. If the Republicans would have run somebody moderate and likeable they would have won.

Romney was moderate and likeable. But you fools fell for the media lies about him. He would have been a very good president, but we got 4 more years of the socialist community organizer who has never had a real job in his life.

 

[nodoginnafight]

Romney was moderate and likeable.

I did not find him likable at all.
And as far as being a moderate - hard to tell. If he was talking to moderates, he was moderate - if he was talking to the far right, he became far right.

The flip-flops were not a media-invention. I saw them and heard them myself. There were far too many to count. He embarrassed himself.

 

[bendog]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.



US Debt by President

Of course, all this being said, I do agree Obama has spent too much on defense and he shouldn't have extended Bush's tax cuts. My point is that Repubs are ignorant about what exactly Obama's expenses are.

I don't want to whine, but I'm damn pissed off over the debt under W and Obama. And I'm not real giddy about a new entitlement, though I admit the uninsured was a hemorrhaging (-: problem

me too. obama will have doubled it.

uninsured did not mean untreated. no one was being denied treatment before obamacare. it was a fix for a nonexistent problem.

there will be just as many uninsured under obamacare as there were before--according to the CBO. But we now have a huge govt beaurocracy to pay for that did not exist before. it was terrible legislation.

no uninsured was a two fold problem. Their treatement was inefficient and a driver of inflation. though Obamacare is a sledgehammer to open an walnut.

Romney is not likeable outside a small group of like minded plutocrats. And he tried to run as a tea partier, and that is not likeable to most of us.

 

[Brain357]

Yes. Clinton was a great President....during his second 4 years. He tried to lean left, but his intelligence made him realize that the middle is what the country needed. If he was afforded a 3rd term, he had my vote. And Hillary may have had mine as well in 2008 if she won the porimaries....as a conservative, I believe the worst things we can have as President is a devout conservative or a far left liberal.

I sort of hoped Obama would do the same....but heck...he has doubled down on his first term failures. Did you see his nominee for Surgeon General? No offense....but you cant have anyone with such strong sentiments on a NON MEDICAL social issue take over as the chief surgeon.

Unless, of course, Obama does not believe there are other well qualified directors of Surgery in the country.

Sadly it seems like everyone is leaning too far to one side now. Obama was a weak president going into the last election and should have been beat. If the Republicans would have run somebody moderate and likeable they would have won.

Romney was moderate and likeable. But you fools fell for the media lies about him. He would have been a very good president, but we got 4 more years of the socialist community organizer who has never had a real job in his life.

I agree he might have been somewhat moderate. I don't really think he would have made any cuts in the military however. And I didn't find him that likeable. Was it really a good time to run some son of a rich guy? There's not that much appeal to at least me. Heck republicans were begging Christy to run just because they didn't even like Romney. He was a weak candidate.

 

[eflatminor]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.

Actually, that is bullshit.

No one can say for certainty whether reductions in tax rates result in more or less tax revenues. We have ample examples throughout history of revenues going up after tax rate cuts just as we have examples of revenues decreasing following cuts. We also have examples of revenues falling after a tax rate increase as well as the opposite. Tax rate changes are but one factor effecting the direction of the economy, which is the main driver of tax revenues. Further a tax rate change is not always an across-the-board increase or decrease. Increasing the base of tax payers, for instance, can have a more profound effect on revenues than changing existing rates.

Bottom line, your assessment is in fact, BULLSHIT.

Bush engaged in ridiculous levels of deficit spending. Obama took that to astronomical levels.

 

[kaz]

let me see if I get this, if Bush did something stupid its OK for obama to do it too?

That W did something was at the same time.

- Stupid and what caused our current economic problems.

- Justifies Obama doing even more of it than W did and it's OK because W did it.

They constantly argue those two points simultaneously.

 

[Billy000]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.

Actually, that is bullshit.

No one can say for certainty whether reductions in tax rates result in more or less tax revenues. We have ample examples throughout history of revenues going up after tax rate cuts just as we have examples of revenues decreasing following cuts. We also have examples of revenues falling after a tax rate increase as well as the opposite. Tax rate changes are but one factor effecting the direction of the economy, which is the main driver of tax revenues. Further a tax rate change is not always an across-the-board increase or decrease. Increasing the base of tax payers, for instance, can have a more profound effect on revenues than changing existing rates.

Bottom line, your assessment is in fact, BULLSHIT.

Bush engaged in ridiculous levels of deficit spending. Obama took that to astronomical levels.

I'm sorry what makes you think you know more than economists do? The facts have been presented to you. Deal with it.

 

[Rozman]

The debt is mainly welfare and benefits being tripled under Obama. NOT infrastructure, science or real investment within our country!

But as you can see the increase in welfare spending was mandatory. It was not Obama's doing.

But as you can see the increase in welfare spending was mandatory. It was not Obama's doing.

Yeah it's never Obama...

That old gag!

 

[eflatminor]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.

Actually, that is bullshit.

No one can say for certainty whether reductions in tax rates result in more or less tax revenues. We have ample examples throughout history of revenues going up after tax rate cuts just as we have examples of revenues decreasing following cuts. We also have examples of revenues falling after a tax rate increase as well as the opposite. Tax rate changes are but one factor effecting the direction of the economy, which is the main driver of tax revenues. Further a tax rate change is not always an across-the-board increase or decrease. Increasing the base of tax payers, for instance, can have a more profound effect on revenues than changing existing rates.

Bottom line, your assessment is in fact, BULLSHIT.

Bush engaged in ridiculous levels of deficit spending. Obama took that to astronomical levels.

I'm sorry what makes you think you know more than economists do?

Nice attempt at diversion. I never said "I know", but there are PLENTY of economists that would agree there is no definitive correlation between tax rate changes and tax revenues. Even a cursory review of economic history makes that crystal clear.

And by the way, I have an advanced degree in Economics. You?

The facts have been presented to you. Deal with it.

An overwhelmingly biased opinion has been presented. Big frickin' difference. Deal with it.

 

[bedowin62]

it's pretty fu**en funny watching left-wing nutjobs talk out of both sides of their mouths. they remind people that Obama's Stimulus contained billions in tax cuts; and insist that it worked; that it saved us from a depression; but the tax cuts couldn't have had anything to do with the rebound; must have been those "infrastructure" jobs that no longer exist.
Obama also made PERMANENT the other 98% of the Bush tax cuts; before that he extended the taxcuts even for the billionaire bracket

there is no "definitive correlation" that anything Obama has done has been worth shit; even a cursory review if his agenda makes that crystal clear

 

[M14 Shooter]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.

Anyone who believes any of this clearly does not understand how much the government spends, and on what.

 

[Stephanie]

So let me get this straight

Because Bush spent that means we are suppose to let Obama OFF the hook for HIS SPENDING

It must be hell to be an Obama cult member and find way's to COVER HIS ASS

dear gawd with voters thinking this way we doomed

 

[Billy000]

Actually, that is bullshit.

No one can say for certainty whether reductions in tax rates result in more or less tax revenues. We have ample examples throughout history of revenues going up after tax rate cuts just as we have examples of revenues decreasing following cuts. We also have examples of revenues falling after a tax rate increase as well as the opposite. Tax rate changes are but one factor effecting the direction of the economy, which is the main driver of tax revenues. Further a tax rate change is not always an across-the-board increase or decrease. Increasing the base of tax payers, for instance, can have a more profound effect on revenues than changing existing rates.

Bottom line, your assessment is in fact, BULLSHIT.

Bush engaged in ridiculous levels of deficit spending. Obama took that to astronomical levels.

I'm sorry what makes you think you know more than economists do?

Nice attempt at diversion. I never said "I know", but there are PLENTY of economists that would agree there is no definitive correlation between tax rate changes and tax revenues. Even a cursory review of economic history makes that crystal clear.

And by the way, I have an advanced degree in Economics. You?

The facts have been presented to you. Deal with it.

An overwhelmingly biased opinion has been presented. Big frickin' difference. Deal with it.

I think you're full of shit. Any economist will tell you that both Bush's and Obama's tax cuts have greatly contributed to our national debt.

 

[eflatminor]

I'm sorry what makes you think you know more than economists do?

Nice attempt at diversion. I never said "I know", but there are PLENTY of economists that would agree there is no definitive correlation between tax rate changes and tax revenues. Even a cursory review of economic history makes that crystal clear.

And by the way, I have an advanced degree in Economics. You?

The facts have been presented to you. Deal with it.

An overwhelmingly biased opinion has been presented. Big frickin' difference. Deal with it.

I think you're full of shit. Any economist will tell you that both Bush's and Obama's tax cuts have greatly contributed to our national debt.

Oh, well, if you say so...

Let me explain it to you as though you were a child: How do you know that if tax rates were higher that the economy wouldn't be in even worse shape than it is, resulting in even LESS tax revenue?

Answer: You don't. No one does. That's the point.

But hey, if you really are worried about the debt, how about this novel idea: How about we live within our means? You know, spend what we take in in tax revenue? Hey, now there's an idea!

Further, do you realize that despite those evil tax cuts, we're collecting more in tax revenue than we ever have, right?

$2,472,542,000,000: Record Taxation Through August; Deficit Still $755B | CNS News

Despite collecting more tax revenues than ever before, we STILL run gigantic deficits. Even adjusted for Fed induced inflation, it's still the highest amount of revenue in the last 16 years with the exception of 2007 when the economy was rocking (you know, AFTER those evil tax cuts where enacted!)

But to you're fucked up way of thinking, the problem is we need higher tax rates still.

Your overwhelming bias and ignorance of economics is noted. Good luck with that.

 

[TakeAStepBack]

Here is a no bullshit assessment about what exactly the debt under Obama is composed of. As you can see Obama's biggest expenses were his TAX CUTS and defense spending.



US Debt by President

Of course, all this being said, I do agree Obama has spent too much on defense and he shouldn't have extended Bush's tax cuts. My point is that Repubs are ignorant about what exactly Obama's expenses are.

Tax cuts are not an expense.

Yes. They. Are.


Just because Cheney told you weren't, it doesn't mean he was telling the truth.

Clearly you jest. Tax cuts aren't an expense. That would imply that the money they confiscate actually belongs to them in the first place. It doesn't.

 

[Brain357]

So let me get this straight

Because Bush spent that means we are suppose to let Obama OFF the hook for HIS SPENDING

It must be hell to be an Obama cult member and find way's to COVER HIS ASS

dear gawd with voters thinking this way we doomed

I don't think anyone voted for Obama thinking he wouldn't be a spender. Bush was supposed to be a conservative. He was handed a balanced budget. The debt should have come down. Instead he spent like crazy and handed Obama 2 wars.