• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

Obama Spending Lowest In 60 Years [W:166/819]

Re: Obama Spending Lowest In 60 Years

Travis007 said:
seems you cant read very well.. I have already shot down this whole thread..its been debunked.. like all liberal falacies..
Click to expand...
you shot down the whole thread? exactly where did you do that?
 
Re: Obama Spending Lowest In 60 Years

tessaesque said:
Or only use the historical opinion that best benefits your argument, despite the rest.
Click to expand...
I'm sorry, I missed the part where you say whose or what policy in history you would point to.

Mine would be Keynes.
 
Re: Obama Spending Lowest In 60 Years

pbrauer said:
Check the chart below compiled by Marketwatch and you will see Obama isn't close to being a big spender.

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.

Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years.
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.[...]​



Obama spending binge never happened - Rex Nutting - MarketWatch


MW-AR658_spendi_20120521163312_ME.jpg


MW-AR657_federa_20120521151828_ME.jpg
Click to expand...

What a bunch of horse**** bought and paid for by the WH. You really believe this crap? The hard data just doesn't support your claims especially with a 3.8 trillion dollar budget. I really didn't realize it was 2013 yet and fiscal year 2013 was complete. Damn slept right through it all.

What this shows is that liberal ideologues will say or do anything to fool the idiots most of whom are going to vote for Obama anyway. I suggest you provide this data to the U.S.Treasury Dept and tell them the 3.8 trillion budget is wrong and that you have already added the full 2012 and 2013 numbers to the Obama term. You people crack me up
 
Re: Obama Spending Lowest In 60 Years

unapologeticdan said:
So I really love where the article says:



Apparently Rex can't get his facts straight and I don't see why any of us should trust him because if you remember, the 2009-2011 Congress contained 257 Democrats to the 178 Republicans. Um, yeah, that sounds like it was definitely mostly Republicans.

Also, did anybody notice that this guy doesn't mention once the $1.2 Trillion dollar cost of Obamacare? Or the $2.55 Trillion dollars in revenue created in 2008 vs. the $2.24 Trillion dollars created in 2012? Or that our GDP to Debt ratio is at 103% and growing? Just to name a few financial issues the Obama administration has caused that seem to get "overlooked" in articles like this.

It's easy for liberals to take one small "victory" and hold on to it instead of looking at the big picture and realizing that "crap, maybe we screwed up?!"
Click to expand...

Obama supporters are desparate for a victory so they provide fiction and pawn it off on to the ignorant as fact. The Obama Administration is a complete disaster and liberals want four more years of this bs.
 
Re: Obama Spending Lowest In 60 Years

Conservative said:
What a bunch of horse**** bought and paid for by the WH. You really believe this crap? The hard data just doesn't support your claims especially with a 3.8 trillion dollar budget. I really didn't realize it was 2013 yet and fiscal year 2013 was complete. Damn slept right through it all.

What this shows is that liberal ideologues will say or do anything to fool the idiots most of whom are going to vote for Obama anyway. I suggest you provide this data to the U.S.Treasury Dept and tell them the 3.8 trillion budget is wrong and that you have already added the full 2012 and 2013 numbers to the Obama term. You people crack me up
Click to expand...
Wow....pops....where DO YOU NOT SEE a $3.8T budget, it is right there in front of your eyes...open them.
 
Re: Obama Spending Lowest In 60 Years

pbrauer said:
Check the chart below compiled by Marketwatch and you will see Obama isn't close to being a big spender.

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.

Government spending under Obama, including his signature stimulus bill, is rising at a 1.4% annualized pace — slower than at any time in nearly 60 years.
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.[...]​



Obama spending binge never happened - Rex Nutting - MarketWatch


MW-AR658_spendi_20120521163312_ME.jpg


MW-AR657_federa_20120521151828_ME.jpg
Click to expand...
It used to be called the "Silly Season". Posts and statistics like this beg for an alternate term. "Silly" just doesn't seem to foot the bill anymore, although "Season" is fine.
 
Re: Obama Spending Lowest In 60 Years

The graphs in the OP are based on the normal numbers game that politicians play. The reality is what is our total debt. Obama has put us in more debt than Bush did in half the time. That is not a 'decrease in spending', nor can it ever be considered one by anyone that has any amount of intellectual integrity.

Redress said:
It's hilarious how when people have no argument they bring up the spectre of some one they don't like.
Click to expand...

Even more hilarious when they put a "but that's an editorial!" silliness.

AdamT said:
Exactly my point. Truth to a wingnut is like holy water to a vampire.

But as it turns out some will drop in with idiotic comments that don't actually address the topic.
Click to expand...

Damn, need yet another irony meter, you broke another one.
 
Re: Obama Spending Lowest In 60 Years

That is a clever use of graphics and statistics yet ignores the reality of federal spending increases based on who (which party) controls the congress, not who simply signs the madness, that passes for a federal budget, into law. You confuse the rate of federal spending increases with the rate of the national debt increases. Spending what you are willing (and able) to raise by taxation is one thing, but spending over and above that amount is another animal, all together.

Under Clinton federal spending was 19% of GDP and federal taxation was 18% of GDP.
Under Bush federal spending was 20% of GDP and federal taxation was 17% of GDP.
Under Obama federal spending is 24% of GDP and federal taxation is 17% of GDP.

The problem is not so much what the federal gov't spends, although it is growing far too fast, but how much MORE federal spending is growing relative to federal tax revenue and as a percentage of the GDP. With a very slight rise in interest rates, the largest single annual federal expense will be simply paying interest on our national debt. The federal gov't now spends 40% more than it dare ask for in tax revenue. Obama does not care two hoots about this as, even if he gets a second term, he will leave office and not have to deal with the consequences of his spending. Obama is then done, and will bop the around the world selling books, giving speaches and basking in his 'historic' glow. The U.S. is only 4 to 6 years away from total financial collapse, just like Greece is seeing today (with Italy, Spain and France not very far behind) - the really scary part is, that unlike Greece, the U.S. is far to big to bail.
 
Last edited:
Re: Obama Spending Lowest In 60 Years

Gimmesometruth said:
Wow....pops....where DO YOU NOT SEE a $3.8T budget, it is right there in front of your eyes...open them.
Click to expand...

Hey, kid, back at it again? 3.8 trillion dollar budgets which are records are passed off as a win for liberals? I really would hate to see your definition of failure if you call this a win thus a success
 
Re: Obama Spending Lowest In 60 Years

ttwtt78640 said:
That is a clever use of graphics and statistics yet ignores the reality of federal spending increases based on who (which party) controls the congress, not who simply signs the madness, that passes for a federal budget, into law. You confuse the rate of federal spending increases with the rate of the national debt increases. Spending what you are willing (and able) to raise by taxation is one thing, but spending over and above that amount is another animal, all together.

Under Clinton federal spending was 19% of GDP and federal taxation was 18% of GDP.
Under Bush federal spending was 20% of GDP and federal taxation was 17% of GDP.
Under Obama federal spending was 24% of GDP and federal taxation was 17% of GDP.
Click to expand...
You did not show the rate of fed debt increases, you showed an increase in the debt to GDP ratio.
 
Re: Obama Spending Lowest In 60 Years

Gimmesometruth said:
You did not show the rate of fed debt increases, you showed an increase in the debt to GDP ratio.
Click to expand...

Debt to GDP today is over 100% and it hasn't been there in modern history, thanks Obama
 
Re: Obama Spending Lowest In 60 Years

Conservative said:
Hey, kid, back at it again? 3.8 trillion dollar budgets which are records are passed off as a win for liberals? I really would hate to see your definition of failure if you call this a win thus a success
Click to expand...
Hey pops, you changed YOUR subject once again, did you put your glasses on and realized that the graphics DID SHOW THE LEVEL OF SPENDING YOU ARE WHINING ABOUT?

Try ctrl+, it will increase the magnification within your browser.

PS...you need a remedial reading class.
 
Re: Obama Spending Lowest In 60 Years

Conservative said:
Debt to GDP today is over 100% and it hasn't been there in modern history, thanks Obama
Click to expand...
Oh, yes it has....in the last great banking crisis.

FAIL.
 
Re: Obama Spending Lowest In 60 Years

Gimmesometruth said:
Hey pops, you changed YOUR subject once again, did you put your glasses on and realized that the graphics DID SHOW THE LEVEL OF SPENDING YOU ARE WHINING ABOUT?

Try ctrl+, it will increase the magnification within your browser.

PS...you need a remedial reading class.
Click to expand...

Do you realize that the level of spending for 2012 won't end until Sept. 30, 2012 and that 2013 won't be final until September 2013? Obama loves having people like you on his side and laughs at you daily
 
Re: Obama Spending Lowest In 60 Years

Gimmesometruth said:
Hey pops, you changed YOUR subject once again, did you put your glasses on and realized that the graphics DID SHOW THE LEVEL OF SPENDING YOU ARE WHINING ABOUT?

Try ctrl+, it will increase the magnification within your browser.

PS...you need a remedial reading class.
Click to expand...
I think a remedial statistics class may be in order instead, at least if you are indeed interested into getting some truth.
 
Re: Obama Spending Lowest In 60 Years

AdamT said:
What are you talking about? They don't have to "project" to get the spending from '09 - '11.
Click to expand...

You're right, the didn't project 09-11. But they did use CBO estimates, noted by the double asterisks. The assertion is the rate is annualized over President Obama’s term hence the necessity to ‘project’ thru FY2013. You did notice that…right?
 
Re: Obama Spending Lowest In 60 Years

Conservative said:
Debt to GDP today is over 100% and it hasn't been there in modern history, thanks Obama
Click to expand...

And as all Obama accumulated all this debt. Heck he is responsible for t bills from the 80s

Lmao
 
Re: Obama Spending Lowest In 60 Years

Gimmesometruth said:
Since the OP was about spending, not revenue, what alternative baseline are you talking about?
Click to expand...

Please review the CBO (which is the data source for the article’s assertions) links I provided. The CBO baseline BUDGET is based on legislation AS IT STAND NOW. Which means it anticipates ALL the Bush tax cuts expiring at the end of 2012. The alternative baseline BUDGET anticipates various fiscal issues being continued like the BTC’s, PR tax cut, Doc Fix…it’s in the CBO link. Further, the other CBO link I provided cautioned the effect on the economy failure to continue these items will have. You DO understand that BUDGETS includes SPENDING AND REVENUES…right?
 
Re: Obama Spending Lowest In 60 Years



How's that worked out?
 
You must log in or register to reply here.
Back
Top Bottom