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Old 11-10-2012, 08:31 AM
 
Location: Florida
62,650 posts, read 34,157,952 times
Reputation: 10400

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Facts are facts. It is amazing what people will believe when the lies are repeated often enough.
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Old 11-10-2012, 08:35 AM
 
39,194 posts, read 40,587,898 times
Reputation: 16081
Quote:
Originally Posted by Finn_Jarber View Post
Facts are facts. It is amazing what people will believe when the lies are repeated often enough.
Here's some facts, what's your analysis of these numbers:


http://www.whitehouse.gov/sites/defa...s/hist01z3.xls

In constant 2005 dollars:

-----outlays------deficit
2008 2,703.8 -415.7
2009 3,173.4 -1,274.4
2010 3,081.0 -1,153.0
2011 3,126.3 -1,127.6
2012 3,212.5 -1,123.1 (estimate)
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Old 11-10-2012, 02:36 PM
 
51,651 posts, read 41,613,932 times
Reputation: 32267
Quote:
Originally Posted by LordBalfor View Post
The difference is - Obama increased the deficit during a time of economic crises. In fact, a MAJOR part of the increase in the deficit had NOTHING to do with INCREASED SPENDING. It had to do the major DECREASE in REVENUE because of the economic collapse of 2008. Bush increased the deficit at a time when he SHOULD have been PAYING IT DOWN they way CLINTON DID - instead, he ran it up and then left a HUGE mess for his successor.

Ken
Clinton had the private debt bubble, (Credit card debt explosion) as well as the dot-com bubble etc. which of course blew up in Bush's face. Are you too young to remember this?

Really funny how you analysis USED to be how things that happened under Bush were his fault and not the buck passed by Clinton but now....Obama is just dealing with Bush's stuff. LMAO.

Doesn't mean that Bush wasn't horrible and the wars etc. but seriously, the shifting metrics of what counts and then oh wait....doesn't count is laughably hypocritical.
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Old 11-10-2012, 04:01 PM
 
Location: Florida
62,650 posts, read 34,157,952 times
Reputation: 10400
Obama spending binge never happened - MarketWatch

WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree.

As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending inferno.”

Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true.

But it didn’t happen. Although there was a big stimulus bill under Obama, federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.

Even hapless Herbert Hoover managed to increase spending more than Obama has.

Here are the facts, according to the official government statistics:

In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.



In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.
In fiscal 2011, spending rose 4.3% to $3.60 trillion.
In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.
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Old 11-10-2012, 05:08 PM
 
39,194 posts, read 40,587,898 times
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Quote:
Originally Posted by Finn_Jarber View Post

In the 2009 fiscal year — the last of George W. Bush’s presidency — federal spending rose by 17.9% from $2.98 trillion to $3.52 trillion. Check the official numbers at the Office of Management and Budget.



In fiscal 2010 — the first budget under Obama — spending fell 1.8% to $3.46 trillion.
In fiscal 2011, spending rose 4.3% to $3.60 trillion.
In fiscal 2012, spending is set to rise 0.7% to $3.63 trillion, according to the Congressional Budget Office’s estimate of the budget that was agreed to last August.
As I've already stated numerous times using 2009 as baseline to judge spending under the Obama administration is absurd. Seriously, how can you justify that?

3.6 trillion is nearly a trillion more that it was in 2008.
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Old 11-10-2012, 05:38 PM
 
Location: Florida
62,650 posts, read 34,157,952 times
Reputation: 10400
Quote:
Originally Posted by thecoalman View Post
As I've already stated numerous times using 2009 as baseline to judge spending under the Obama administration is absurd. Seriously, how can you justify that?

3.6 trillion is nearly a trillion more that it was in 2008.
Bush's budget for 2009 meant an 18% increase.
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Old 11-10-2012, 05:49 PM
 
27,903 posts, read 34,356,310 times
Reputation: 4031
Quote:
Originally Posted by Finn_Jarber View Post
Bush's budget for 2009 meant an 18% increase.
So, Finn-Goal-Post-Relocator, if I cheat on my wife with 10 women and then drop it to 9 I became more respectful by a whole 10%?

Last edited by BigJon3475; 11-10-2012 at 06:05 PM..
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Old 11-10-2012, 05:58 PM
 
Location: Florida
62,650 posts, read 34,157,952 times
Reputation: 10400
Quote:
Originally Posted by BigJon3475 View Post
So, Finn-Goal-Post-Relocator, if I cheat on my wife with 10 women and then drop it to 9 I became more respectful by a whole 10%? Relocator
I am just stating the facts. I am sorry if it offends you.
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Old 11-10-2012, 06:01 PM
 
39,194 posts, read 40,587,898 times
Reputation: 16081
Quote:
Originally Posted by Finn_Jarber View Post
Bush's budget for 2009 meant an 18% increase.
Yes because you're including the one time porkulus package in that spending, spending levels continued under the Obama administration like it was porkulus spending. Is this really that hard to understand?

If milk is $3 a gallon in 2008 and and it goes up to $4 a gallon in 2009 because of a one time expense you'd expect it drop down to $3 a gallon in 2010, yes? That's not what happened, it's still $4 a gallon.
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Old 11-10-2012, 06:07 PM
 
27,903 posts, read 34,356,310 times
Reputation: 4031
Quote:
Originally Posted by Finn_Jarber View Post
I am just stating the facts. I am sorry if it offends you.
Well then you'll have to concede that oil companies aren't bilking the public because their profit margin in percentages is one of the lowest in the entire U.S. economy as Mathguy rightfully called you folks out and you completely ignored.

Show me real numbers, not made up anti-intellectual stats.
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