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Old 11-08-2012, 10:01 PM
 
7,237 posts, read 12,694,423 times
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Quote:
Originally Posted by workingclasshero View Post
how about facts:

national debt when obusha took office: 10.6 trillion
national debt today 16.2 trillion

obama has spent more in (just short of) 4 years than bush spent in 8 years
Debt is not money spent but money borrowed.

That's basic Finance/Accounting 101.
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Old 11-08-2012, 11:01 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,232,066 times
Reputation: 7621
Quote:
Originally Posted by Vizio View Post
How about if you factor in the 1st year in office, instead of just 2010 - 2013?
The 2009 budget was created during the Bush years. The US budget runs from Sept to Sept so the 2009 budget went into effect in Sept 2008 and ran until Sept 2009 when the first "Obama" budget started (the 2010 budget - which ran from Sept 2009 to Sept 2010).

THAT'S why the article starts with the 2010 budget. The 2009 budget was leftover from the Bush years.

Got it?

Ken
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Old 11-08-2012, 11:12 PM
 
19,942 posts, read 17,093,665 times
Reputation: 2014
Quote:
Originally Posted by LordBalfor View Post
The 2009 budget was created during the Bush years. The US budget runs from Sept to Sept so the 2009 budget went into effect in Sept 2008 and ran until Sept 2009 when the first "Obama" budget started (the 2010 budget - which ran from Sept 2009 to Sept 2010).

THAT'S why the article starts with the 2010 budget. The 2009 budget was leftover from the Bush years.

Got it?

Ken
So you're basing it off the fact that Bush did a decidedly liberal move and did the bailouts? What was Bush's 2007 budget? Compare Obama's smallest year of spending with Bush's 2nd largest. I wonder what that is?
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Old 11-08-2012, 11:59 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,232,066 times
Reputation: 7621
Quote:
Originally Posted by Vizio View Post
So you're basing it off the fact that Bush did a decidedly liberal move and did the bailouts? What was Bush's 2007 budget? Compare Obama's smallest year of spending with Bush's 2nd largest. I wonder what that is?
I was explaining WHY the article started with the 2010 budget rather than the 2009 budget.
Do you have reading comprehension problems?


Ken
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Old 11-09-2012, 12:15 AM
 
41,815 posts, read 50,811,595 times
Reputation: 17863
Quote:
Originally Posted by LordBalfor View Post
The 2009 budget was created during the Bush years. The US budget runs from Sept to Sept so the 2009 budget went into effect in Sept 2008 and ran until Sept 2009 when the first "Obama" budget started (the 2010 budget - which ran from Sept 2009 to Sept 2010).

THAT'S why the article starts with the 2010 budget. The 2009 budget was leftover from the Bush years.

Got it?

Ken
The spending levels of the 2009 budget was extraordinary circumstances so basing how much spending has increased on that year is smoke and mirrors. The following numbers are all constant 2005 dollars:

2001 2,071.7

--------

2002 2,200.6
2003 2,303.2
2004 2,377.2
2005 2,472.0
2006 2,564.3
2007 2,564.1
2008 2,703.8
2009 3,173.4

Cumulative increase over 2001 spending levels from 2002 to 2009: $3,788 billion

2010 3,081.0
2011 3,126.3
2012 3,212.5
2013 3,157.4
2014 3,165.0
2015 3,246.6
2016 3,395.7
2017 3,484.1
(2012 to 2017 estimated)

Cumulative increase over 2001 spending levels from 2010 to 2017: $9,280 billion

Get it?

Last edited by thecoalman; 11-09-2012 at 12:27 AM..
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Old 11-09-2012, 02:11 AM
 
Location: Texas
37,941 posts, read 17,740,401 times
Reputation: 10366
Quote:
Originally Posted by 313Weather View Post
Debt is not money spent but money borrowed.

That's basic Finance/Accounting 101.
Big deal, it's money that has to be paid back. That's common sense 101.
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Old 11-09-2012, 08:31 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,232,066 times
Reputation: 7621
Quote:
Originally Posted by thecoalman View Post
The spending levels of the 2009 budget was extraordinary circumstances so basing how much spending has increased on that year is smoke and mirrors. The following numbers are all constant 2005 dollars:

2001 2,071.7

--------

2002 2,200.6
2003 2,303.2
2004 2,377.2
2005 2,472.0
2006 2,564.3
2007 2,564.1
2008 2,703.8
2009 3,173.4

Cumulative increase over 2001 spending levels from 2002 to 2009: $3,788 billion

2010 3,081.0
2011 3,126.3
2012 3,212.5
2013 3,157.4
2014 3,165.0
2015 3,246.6
2016 3,395.7
2017 3,484.1
(2012 to 2017 estimated)

Cumulative increase over 2001 spending levels from 2010 to 2017: $9,280 billion

Get it?
LOL
You folks clearly don't WANT to understand (why am I not surprised).

First point: The article wasn't LOOKING at a SINGLE year, it was looking at each President's ENTIRE TERM.

Second point: Yes, 2009 was an EXTRAORDINARY EVENT. Don't you the think that EXTRAORDINARY EVENT had some FALLOUT? Consequences of an EXTRAORDINARY EVENT don't just end at the END of the YEAR.

Your position seems to be that Bush deserves a break because his administration saw an economic collapse but Obama doesn't - even though he's had to deal with the CONSEQUENCES of that same economic collapse?
Give me a break.


Ken
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Old 11-09-2012, 09:19 AM
 
41,815 posts, read 50,811,595 times
Reputation: 17863
Quote:
Originally Posted by LordBalfor View Post
First point: The article wasn't LOOKING at a SINGLE year, it was looking at each President's ENTIRE TERM.
Exactly but how many of them started out with baseline budget with an extra 500 billion in it to compare too?


Quote:
Your position seems to be that Bush deserves a break because his administration saw an economic collapse but Obama doesn't - even though he's had to deal with the CONSEQUENCES of that same economic collapse?
The only position I've taken in this topic is the claim that the budget under Obama has not increased is a bogus because they are comparing his budgets to the porkulus budget of 2009.
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Old 11-09-2012, 09:26 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 26,232,066 times
Reputation: 7621
Quote:
Originally Posted by thecoalman View Post
Exactly but how many of them started out with baseline budget with an extra 500 billion in it to compare too?




The only position I've taken in this topic is the claim that the budget under Obama has not increased is a bogus because they are comparing his budgets to the porkulus budget of 2009.
Need I remind you that Bush BEGAN his Presidency with a SURPLUS.
Even WITHOUT the 2008 collapse, that was longggggg gone by the end of the Bush era - and that wasn't even counting the cost of the 2 wars that were LEFT OFF THE BOOKS (ie out of the Bush budgets).


Ken
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Old 11-09-2012, 09:55 AM
 
19,023 posts, read 25,877,644 times
Reputation: 7365
hello? Hello? Helllooooo anybody here?

WTF where are you hiding?

HellOOOOOOOOOOOOOOOOOO !!!!!!!!!!!

hmmm, go figure ain't no body here......

Oh there you are right back in Kenya......
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