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Let's see. Social welfare programs have been exponentially growing since the bar for benefits has risen (so more qualify) and nobody checks for validated income. 1 out of 7 Americans gets food stamps. Disability payments ( under SSP) have increased in payouts by over 10x fold since Obama decreased the threshold for quantifying for payments.
Obama's decision (executive?) has decided to greatly reduce deportations thus increasing costs for federal aid programs. Obama has expanded student loan programs to be government owned vs private, thus adding many more default loans and hiring more federal workers to "oversee" student loan program. Fannie mae buyouts now translate to over 80% of US mortgages are government backed. Buying American motors wasn't a money maker for our debt.
In 2009 the US government spent around $510 billion dollars on welfare.
In 2012 the US government spent around $560 billion dollars on welfare (spending was higher 2010-2011 but lowered.)
-From 2010-2014 Obama spent about $250 billion extra dollars on welfare.
He was right when he said that. So the problem is/was both Bush and Obama. Not just Bush or Obama.
Quote:
Originally Posted by epliny
When it hit 8 trillion under Bush, Obama said it was UNamerican to do that.
In 6 years he more than doubled the total ... not what it went up to under Bush, but the total since the beginning of the country.
1. Total debt of this nation has not been doubled.
2. Presidents Bush and Obama were not in the same situation.
President Bush purposefully grew the national debt because he felt that cutting taxes would growth the overall economy and provide prosperity. He believed that what ever tax cuts he gave would eventually be off set by economic growth(and growing the tax base). He was wrong.
Barack Obama did no such thing. The growth in national debt under his administration is attributed to lost revenue because of a recession, he didnt enact some new program that cost trillion, or start enough war.
To blatantly claim the 2 of them did the same is naive and partisan. Conservatives dont have to like Barack Obama, but you shouldnt be willing to lie about him either.
1. Total debt of this nation has not been doubled.
2. Presidents Bush and Obama were not in the same situation.
President Bush purposefully grew the national debt because he felt that cutting taxes would growth the overall economy and provide prosperity. He believed that what ever tax cuts he gave would eventually be off set by economic growth(and growing the tax base). He was wrong.
Barack Obama did no such thing. The growth in national debt under his administration is attributed to lost revenue because of a recession, he didnt enact some new program that cost trillion, or start enough war.
To blatantly claim the 2 of them did the same is naive and partisan. Conservatives dont have to like Barack Obama, but you shouldnt be willing to lie about him either.
1. Total debt of this nation has not been doubled.
2. Presidents Bush and Obama were not in the same situation.
President Bush purposefully grew the national debt because he felt that cutting taxes would growth the overall economy and provide prosperity. He believed that what ever tax cuts he gave would eventually be off set by economic growth(and growing the tax base). He was wrong.
Barack Obama did no such thing. The growth in national debt under his administration is attributed to lost revenue because of a recession, he didnt enact some new program that cost trillion, or start enough war.
To blatantly claim the 2 of them did the same is naive and partisan. Conservatives dont have to like Barack Obama, but you shouldnt be willing to lie about him either.
Obama added $2.7 trillion dollars to our national debt from 2013-2022 by making permanent 82% of the Bush tax cuts.
The deficit is what it is because our elected officials allowed it to happen. They spent more than they took in. It started with Bush and continued with Obama but during both administrations it's Congress who is to blame.
With things are as they are now, it's just going to get worse. Two major factors in effect now guarantee that.
Tax cuts took the wealthiest from rich to uber-rich
The Citizens United ruling allowed for the creation of Super PACs where anyone from anywhere in the world can contribute unlimited funds to our politician's campaigns
With all that money pouring into the campaign coffers of those we elect to represent us, who do you think they are going to really represent? Big money and themselves.
They don't care if they drive the United States into the ground. The uber-wealthy can take their money anywhere in the world and do the same thing there as they do here. The politicians are fat and happy right now and both are where they are because they are dancing happily on our heads. We're too busy to notice because they have us at each others throats.
Not until voters wake up and stop buying the BS spewed about in slick campaign ads (paid for by the uber-wealthy) and we start voting in our own interest will we see a change. Until then we will be forever mired in endless debates about which side of the aisle is really on our side when the real answer is "neither".
The deficit is what it is because our elected officials allowed it to happen. They spent more than they took in. It started with Bush and continued with Obama but during both administrations it's Congress who is to blame.
With things are as they are now, it's just going to get worse. Two major factors in effect now guarantee that.
Tax cuts took the wealthiest from rich to uber-rich
The Citizens United ruling allowed for the creation of Super PACs where anyone from anywhere in the world can contribute unlimited funds to our politician's campaigns
With all that money pouring into the campaign coffers of those we elect to represent us, who do you think they are going to really represent? Big money and themselves.
Q.E. caused the problem you describe and Citizen United had nothing to do with campaign financing. Nothing.
In 2009 the US government spent around $510 billion dollars on welfare.
In 2012 the US government spent around $560 billion dollars on welfare (spending was higher 2010-2011 but lowered.)
-From 2010-2014 Obama spent about $250 billion extra dollars on welfare.
But I generally agree with your point of view, that Republicans decry the ills of debt and then propose tax-cuts that will balloon the deficit, if they are elected.
Q.E. caused the problem you describe and Citizen United had nothing to do with campaign financing. Nothing.
QE helped right the economy. Citizen United allowed unlimited campaign funds and a debasement of democracy -- allowing the super-rich undue influence on elections.
QE helped right the economy. Citizen United allowed unlimited campaign funds and a debasement of democracy -- allowing the super-rich undue influence on elections.
Always excuses even when you have no idea what you are talking about. The "left" would have had a total conniption fit if QE would have happened under a GOP president and again, campaign donations rules never changed. All restrictions on campaign donations that were in place pre McCain/Feingold are still in place.
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