Spending under Obama increasing at lowest pace since Eisenhower's administration
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  Spending under Obama increasing at lowest pace since Eisenhower's administration
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Author Topic: Spending under Obama increasing at lowest pace since Eisenhower's administration  (Read 6302 times)
krazen1211
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« Reply #25 on: June 01, 2012, 11:46:30 AM »

It's quite amusing to start at the heavily elevated 2009 baseline, which of course includes things like TARP that made money in subsequent years.


That's why Keynesianism is about as useful as used toilet paper. It's nonserious.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #26 on: June 01, 2012, 12:05:03 PM »

The main flaw with Keynesian economics is not the deficit spending during economic downturns, its in the surpluses that are built up during economic upturns.  The upturns happen, but the surpluses almost never happen because the politicians insist on either increasing spending or cutting taxes rather than building a surplus for future use.
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CARLHAYDEN
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« Reply #27 on: June 01, 2012, 12:12:59 PM »

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Nope. The last budget passed was in April of 2008. There have been zero budgets passed under Obama, so the only way to know how much has been spent is to look at the debt.

[quote]

WRONG!!!

“The last time the Senate passed a traditional year-long budget was April 29, 2009.”

http://news.yahoo.com/blogs/ticket/congressional-republicans-delight-1-000th-day-since-senate-174736897.html

Without that budget they would never have been able to enact Obamacare (remember).
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Purch
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« Reply #28 on: June 04, 2012, 03:14:52 PM »

It is still reckless coming off a big pop up due to wars and the Lehman collapse, and unsustainable.  Just because you are binging only six days a week rather than seven, doesn't mean you won't die an early death.

The binge didn't happen under Obama though, just making it clear for the record. And a lot of the widening of the deficit was due to lower revenue due to the recession. Sure, we may need to cut but saying it's Obama's fault we are here is a complete lie. Go check out the charts I just posted. And yes, that 1.4% increase in spending is including the portions of the Stimulus spent in 2009. Republicans just don't like it because a lot of the cuts came from the Military and wars whereas other things didn't get cut much. Well, too bad for the warmongering chickenhawks, but military spending needs to be cut, not increased like Mittens wants!
Now we do need to cut spending and raise taxes. Mittens might be ready to cut spending but taxes....we are unclear on that no matter what your instincts tell you. I need to see Romney's tax plan written down, not you or anybody telling me what he "wants" to do. Instituting a 20% across the board cut in the tax rate with a few cuts in deductions for richers is still going to lower revenue which is the opposite of what is needed. Unless you can show me how the math works...

Military budget is still too big and the entitlements are still growing. More cuts , more taxes and let the senate release a budget, 3 years has been long enough.
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pbrower2a
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« Reply #29 on: June 04, 2012, 09:39:32 PM »

"Headed the right way" is the best that we can hope for.
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