After taking office in 2009, with spending and debt already at record high levels and the deficit headed to $1 trillion, President Obama proceeded to pass his own $830 billion stimulus, auto bailouts, mortgage relief plans, the Dodd-Frank financial reforms and the $1.7 trillion ObamaCare entitlement (which isn't even accounted for in the chart). While spending did come down in 2010, it wasn't the result of spending cuts but rather because TARP loans began to be repaid, and that cash was counted against spending.
In 2011 and 2012, the pace of spending was slowed when a new emboldened breed of Republicans took back the House promising to end the binge. The House Budget Committee, headed by Wisconsin Rep. Paul Ryan, has identified about $150 billion of new spending Mr. Obama wanted in 2011 and 2012 that Republicans would not approve. As the chart shows, government spending as a share of GDP fell, and taxes were not raised. But to attribute this drop in government spending to the president or congressional Democrats would be dishonest.
It is so convenient how he set up Obamacare to take affect AFTER the election isn't it..
Location: Dude, I am so sorry about whatever made you like this. Take it easy. Joined: 07.06.2007
Nov 1 @ 11:06 AM ET
After taking office in 2009, with spending and debt already at record high levels and the deficit headed to $1 trillion, President Obama proceeded to pass his own $830 billion stimulus, auto bailouts, mortgage relief plans, the Dodd-Frank financial reforms and the $1.7 trillion ObamaCare entitlement (which isn't even accounted for in the chart). While spending did come down in 2010, it wasn't the result of spending cuts but rather because TARP loans began to be repaid, and that cash was counted against spending.
In 2011 and 2012, the pace of spending was slowed when a new emboldened breed of Republicans took back the House promising to end the binge. The House Budget Committee, headed by Wisconsin Rep. Paul Ryan, has identified about $150 billion of new spending Mr. Obama wanted in 2011 and 2012 that Republicans would not approve. As the chart shows, government spending as a share of GDP fell, and taxes were not raised. But to attribute this drop in government spending to the president or congressional Democrats would be dishonest.
It is so convenient how he set up Obamacare to take affect AFTER the election isn't it..
so you admit that his spending growth has been the slowest since eisenhower. thank you - Crimsoninja
yes... but it is a false sense of warm fuzzy.. Within 6 months after the election unless Obamacare gets repealed the spending will equal that of the previous 4 years. There is also the fact that the TARP kick backs are being taken out of the total which lowers it as well..
am i the only one whose life is not affected by the size of the national deficit? - Crimsoninja
for you to say that you are not affected by it makes me smile. what do you think the open market value of the dollar is based upon, inflation, and the cost of imported goods and the value of exported goods. Thank you or letting me see this.
Location: Dude, I am so sorry about whatever made you like this. Take it easy. Joined: 07.06.2007
Nov 1 @ 11:21 AM ET
for you to say that you are not affected by it makes me smile. what do you think the open market value of the dollar is based upon, inflation, and the cost of imported goods and the value of exported goods. Thank you or letting me see this. - SabresFaninIndiana
am i the only one whose life is not affected by the size of the national deficit? - Crimsoninja
I find it funny how many americans claim to love their country, but insist on having it run by people who couldnt care less about how many people suffer for the few who would benefit from their policies.
A successful country starts with a healthy, educated population... Thats something you get from having a government that subsidizes healthcare and education. And with the system in the US, you've got one party pushing for healthcare, and another populated with religion-over-science nutjobs. The choice should be quite clear.
Location: Dude has all the personality of a lump of concrete. Just a complete lizard. Joined: 06.26.2006
Nov 1 @ 9:30 PM ET
I find it funny how many americans claim to love their country, but insist on having it run by people who couldnt care less about how many people suffer for the few who would benefit from their policies.
A successful country starts with a healthy, educated population... Thats something you get from having a government that subsidizes healthcare and education. And with the system in the US, you've got one party pushing for healthcare, and another populated with religion-over-science nutjobs. The choice should be quite clear. - Feeling Glucky?
the root cause of the problem is the media, they attack whomever is president, rip apart their families and scope their colon for anything naughty since birth
no decent respectable genuinely good person will go into politics to be backstabbed and attacked when so much more money is to be made in the private sector
sad part is when poop goes down anywhere on the planet the first people they look to for help for the most part is the Americans
the root cause of the problem is the media, they attack whomever is president, rip apart their families and scope their colon for anything naughty since birth
no decent respectable genuinely good person will go into politics to be backstabbed and attacked when so much more money is to be made in the private sector
sad part is when poop goes down anywhere on the planet the first people they look to for help for the most part is the Americans - watsonnostaw
With the way the sciences are being villified throughout the states, in favour of religious thought and talk of conspiracy theories ... it won't be that way for long. Unless something changes, America is in for a big decline. And there's nothing on the right side of the aisle that's going to help America move in the right direction.
Location: Dude has all the personality of a lump of concrete. Just a complete lizard. Joined: 06.26.2006
Nov 1 @ 9:54 PM ET
With the way the sciences are being villified throughout the states, in favour of religious thought and talk of conspiracy theories ... it won't be that way for long. Unless something changes, America is in for a big decline. And there's nothing on the right side of the aisle that's going to help America move in the right direction. - Feeling Glucky?
mitt romney is our savior, he is going to crush dark henry on November 6th
NOW, please tell us how the White House numbers, clearly showing Obama's Deficit numbers being astronomically higher(-4145,939) than Bush's, are wrong!!!
I find it funny how many americans claim to love their country, but insist on having it run by people who couldnt care less about how many people suffer for the few who would benefit from their policies.
A successful country starts with a healthy, educated population... Thats something you get from having a government that subsidizes healthcare and education. And with the system in the US, you've got one party pushing for healthcare, and another populated with religion-over-science nutjobs. The choice should be quite clear. - Feeling Glucky?
you can't just do this for the sake of doing it.. Obama's plan on healthcare is not the way to do it. Education reform is in the process but i don't think we are as far behind as people think we are in that regard. There is a study out there that says in International jobs USA citizens tend to be the more sought after people, i can't find it right now though.
The bigger issue with education is parents, the increased involvement of government, and the overall feeling of every kid is a winner. Teachers have no availability for creativitiy therefore they become stale and less involved. Parents don't give a crap therefore the kids don't give a crap. Kids are allowed to nothing and still get a D because you can't hurt little Timmy's feelings. Due to goverment regulations on schools each district has to hire more administrators to do useless jobs which means less money goes to the schools facilities. Unions hurt the ability of a school district to make teachers accountable, therefore you end up with teachers that don't give a crap. Correct me if i am wrong on any of these items.
I find it funny how many americans claim to love their country, but insist on having it run by people who couldnt care less about how many people suffer for the few who would benefit from their policies.
A successful country starts with a healthy, educated population... Thats something you get from having a government that subsidizes healthcare and education. And with the system in the US, you've got one party pushing for healthcare, and another populated with religion-over-science nutjobs. The choice should be quite clear. - Feeling Glucky?
way to be informed..
Democrats are forcing the current healthcare down our throat.... Ask any republican if they feel we need reform to the current healthcare system and 90-100% of them would agree, they just don't agree with the way it was set up by the democrats. And then there is the fact that Obamacare is in direct violation of the Bill of Rights.
Let me put together a hypothetical for you.. Lets say you don't want to kill your neighbor because you feel it is wrong and against your morals to do so or have any involvement in the act of doing it. But the government came in and said that because that person is not wanted by your other neighbor you must give me $100 dollars to kill him..
Whether you think a fetus is a human life or not, the catholic church (and others) believes so and they want to have no involvement in the act of murdering that child. But the government is currently giving them the middle finger and says i don't care about your morals we only care about ours.
It is fine that you do not believe in the church and their ideals but they don't force you to believe.. So why can you force your ideals on them? what makes you better than them?
The US Labour Department announced today the economy added only 171,000 jobs last month, pushing the unemployment rate UP to 7.9 percent​, up from 7.8 percent in September.
Location: i love how not saying dumb things on the internet was never an option. Joined: 09.29.2005
Nov 2 @ 10:04 AM ET
The US Labour Department announced today the economy added only 171,000 jobs last month, pushing the unemployment rate UP to 7.9 percent​, up from 7.8 percent in September. - Doppleganger
The US Labour Department announced today the economy added only 171,000 jobs last month, pushing the unemployment rate UP to 7.9 percent​, up from 7.8 percent in September. - Doppleganger
but jobs were added... thats all that matters. hi, ho, hi, ho its off to work i go
NOW, please tell us how the White House numbers, clearly showing Obama's Deficit numbers being astronomically higher(-4145,939) than Bush's, are wrong!!! - Doppleganger
I haven't had the time to sit down yet... either at work or on my phone... I'll get to it
