Spending under Obama increasing at lowest pace since Eisenhower's administration (user search)
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  Spending under Obama increasing at lowest pace since Eisenhower's administration (search mode)
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Author Topic: Spending under Obama increasing at lowest pace since Eisenhower's administration  (Read 6322 times)
Sbane
sbane
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« on: May 24, 2012, 03:17:17 PM »
« edited: May 24, 2012, 03:27:16 PM by Senator Sbane »

Yup, spending is the slowest in basically 50 years, including slower than under St. Reagan.
http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22?link=MW_story_popular




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Sbane
sbane
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« Reply #1 on: May 24, 2012, 03:30:40 PM »
« Edited: May 24, 2012, 03:34:33 PM by Senator Sbane »

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...
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Sbane
sbane
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« Reply #2 on: May 24, 2012, 03:34:54 PM »

Go to anncoulter.com, she clears this up.

I don't read her drivel. Do you have a more credible source?
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Sbane
sbane
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« Reply #3 on: May 24, 2012, 04:06:14 PM »

Even if we attribute the entire 2009 budget to Obama (not fair imho but let's just do it), spending will have grown more slowly than in the Bush years and Reagan's first term (which also had a recession, but not as deep as this one). So I guess it's fair to say Obama spends like a Republican, not like the Democrat Clinton. Tongue
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Sbane
sbane
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« Reply #4 on: May 24, 2012, 04:09:30 PM »


http://en.wikipedia.org/wiki/United_States_federal_budget

A better source than looking at it as a % of GDP. Government spending should counteract the business cycle. Too bad we already had a huge budget deficit due to Bush's reckless tax cuts and spending on unnecessary wars. Under Obama spending only increased in one year in the middle of a recession, and since then has actually decreased in real terms.
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